The Europe courier, express and parcel (CEP) market size reached US$ 92.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 116.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.5% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 92.3 Billion |
Market Forecast in 2032
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US$ 116.4 Billion |
Market Growth Rate (2024-2032) | 2.5% |
Courier, express, and parcel (CEP) is a collection of services that include delivering parcels and documents to businesses, retails and government agencies. The packages delivered by CEP are non-palletized and weigh around a hundred pounds and are distributed through air, land, and waterways across multiple locations. CEP providers offer a safe and cost-effective parcel delivery tracking system that enhances the delivery process. It operates on business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C) models. In the last few years, the CEP industry has undergone a rapid transformation due to constant innovations and advancements in online retail and the growing number of large retail and departmental stores across Europe.
The Europe CEP market is primarily driven by the growing e-commerce sector. Besides this, Europe has advanced manufacturing across several sectors, such as construction machinery, automotive, oil equipment, mining equipment, and retail consumer market, which is contributing to the growth of the market. Additionally, the growing demand for express delivery services in the medical and healthcare sectors has increased the use of CEP services. Furthermore, various crowd-sourced delivery companies, such as Nimber have emerged across Europe due to the expanding e-commerce sector. Moreover, the utilization of GPS, biometrics, online tracking, drone delivery, and driverless vehicles is positively impacting the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe courier, express and parcel (CEP) market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on service type, destination, type and end use sector.
Breakup by Service Type:
Breakup by Destination:
Breakup by Type:
Breakup by End Use Sector:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Service Type, Destination, Type, End Use Sector, Country |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe Courier, Express and Parcel (CEP) market was valued at US$ 92.3 Billion in 2023.
We expect the Europe Courier, Express and Parcel (CEP) market to exhibit a CAGR of 2.5% during 2024-2032.
The growing integration of various digital technologies with the crowdsourced delivery models to enhance operational efficiency and cater to the requirements of the customers effectively is primarily driving the Europe courier, express and parcel market.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for courier, express and parcel services, with the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of various goods and products across several European nations.
Based on the service type, the Europe Courier, Express and Parcel (CEP) market has been segregated into B2B (Business-to-Business), B2C (Business-to-Consumer), and C2C (Customer-to-Customer). Among these, B2B (Business-to-Business) currently holds the largest market share.
Based on the end user, the Europe Courier, Express and Parcel (CEP) market can be bifurcated into domestic and international. Currently, domestic exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where United Kingdom currently dominates the Europe Courier, Express and Parcel (CEP) market.