Egypt Courier, Express, and Parcel (CEP) Market

Egypt Courier, Express, and Parcel (CEP) Market Overview: 

The Egypt courier, express, and parcel (CEP) market size reached US$ 118.41 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 219.37 Million by 2032, exhibiting a growth rate (CAGR) of 6.40% during 2024-2032. The substantial growth of e-commerce, improvements in infrastructure, advancements in fixed telecommunications networks, increasing investments in digital payment solutions, and significant technological advancements represents some of the key factors driving the growth of the market.

Egypt Courier, Express, and Parcel (CEP) Market Trends:

Expanding E-commerce Sector

The significant growth of the e-commerce sector in Egypt is a key growth driver for the courier, express, and parcel (CEP) market. E-commerce in Egypt is expected to increase by 30% by the end of 2022. The development of e-commerce in Egypt requires new legislation to stimulate the sector which reached $100bn in 2021. E-commerce will be one of the prominent sectors in Egypt in the coming 5 years. The growing trend of consumers making online purchases to avoid physical outings and access a wider variety of goods is fueling the demand for effective delivery services. The transition towards online groceries is driven by the rising importance of the internet, the use of smart mobile devices, and the convenience of purchasing groceries online. Supermarket sellers and other online businesses are expanding their hubs, while local online sellers are also enhancing their presence. The escalating volume of orders demands more efficient parcel handling channels. Furthermore, increased investments in digital payment solutions and improvements in last mile delivery methods are contributing to the market growth, aiming to meet the evolving expectations of modern consumers.

Infrastructure Development and Technological Advancements

The CEP market in Egypt is driven by improvements in infrastructure, fixed telecommunications networks, and various technologies. AI represents a golden opportunity for Egypt. With all of the evolutions and benefits of AI, Egypt started its forward-looking steps towards AI with the target that AI composes 7.7% of its gross domestic product (GDP) in 2030. These improvements include various modes of transport, including harbours, roads, railways, and other means, where the government has intensified efforts to enhance transport infrastructure for more efficient parcel delivery services. In addition, the implementation of advanced logistics solutions like route planning systems, automated pick and pack line, and real-time shipment data has improved business processes and customer satisfaction. There have also been improvements in market operations, such as increased efficiency, faster delivery time, and cost reductions through the adoption of artificial intelligence and machine learning in the markets. These developments are enabling CEP companies to provide better and quicker services to meet the growing demands from both consumers and businesses in Egypt.

Egypt Courier, Express, and Parcel (CEP) Market News:

• In April 2023, Eurora Solutions formed a partnership with Joom, a third-party logistics provider, to facilitate cross-border trade between Europe and various countries. Under this agreement, Joom will utilize Eurora's AI and machine learning technology to streamline customs clearance and automate HS code allocation, enhancing accuracy and efficiency in cross-border trade compliance.
• In October 2023, EGXPRESS launched cutting-edge Egypt cargo center at Cairo International Airport. The Egypt Cargo Center (ECC) is EGXPRESS's most significant investment since its inception and is pivotal for the future of shipping in Egypt. The facility covers 13,000 square meters and has a storage capacity of over 340 tons. ECC is designed to elevate shipping services in Egypt, featuring 14 representatives from all Egyptian controlling authorities, the capacity to process at least four shipments simultaneously with electronic scales, advanced ETD capabilities, and X-ray inspection facilities for exporting goods.
• In May 2024, OneOrder, an Egypt-based logistics startup, has raised $16 million in equity and debt in a Series A round to expand into the Gulf Cooperation Council (GCC) region in late 2024 to develop customer financing solutions, including cards, and enhance the platform.
   

Egypt Courier, Express, and Parcel (CEP) Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service type, destination, type and end-use sector.

Service Type Insights:

• B2B (Business-to-Business)
• B2C (Business-to-Consumer)
• C2C (Customer-to-Customer)
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes B2B (business-to-business), B2C (business-to-consumer), and C2C (customer-to-customer).

Destination Insights:

• Domestic
• International
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes domestic and international.

Type Insights:

• Air
• Ship
• Subway
• Road
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes air, ship, subway, and road.

End-Use Sector Insights:

• Services (BFSI- Banking, Financial Services and Insurance)
• Wholesale and Retail Trade (E-commerce)
• Manufacturing, Construction and Utilities
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes services (BFSI- banking, financial services, and insurance), wholesale and retail trade (e-commerce), manufacturing, construction and utilities, and others.

Regional Insights:

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Greater Cairo, Alexandria, Suez Canal, Delta, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Egypt Courier, Express, and Parcel (CEP) Market Report Coverage:

Key Questions Answered in This Report:

• How has the Egypt courier, express, and parcel (CEP) market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Egypt courier, express, and parcel (CEP) market?
• What is the breakup of the Egypt courier, express, and parcel (CEP) market on the basis of service type?
• What is the breakup of the Egypt courier, express, and parcel (CEP) market on the basis of destination?
• What is the breakup of the Egypt courier, express, and parcel (CEP) market on the basis of type?
• What is the breakup of the Egypt courier, express, and parcel (CEP) market on the basis of end-use sector?
• What are the various stages in the value chain of the Egypt courier, express, and parcel (CEP) market? 
• What are the key driving factors and challenges in the Egypt courier, express, and parcel (CEP)?
• What is the structure of the Egypt courier, express, and parcel (CEP) market and who are the key players?
• What is the degree of competition in the Egypt courier, express, and parcel (CEP) market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Egypt courier, express, and parcel (CEP) market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Egypt courier, express, and parcel (CEP) market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Egypt courier, express, and parcel (CEP) industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.