Europe Courier, Express and Parcel (CEP) Market Report by Service Type (B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Customer-to-Customer)), Destination (Domestic, International), Type (Air, Ship, Subway, Road), End Use Sector (Services (BFSI- Banking, Financial Services and Insurance), Wholesale and Retail Trade (E-commerce), Manufacturing, Construction and Utilities, and Others), and Country 2024-2032
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
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 92.3 Billion
Market Forecast in 2032
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.
Key Market Segmentation:
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:
B2B (Business-to-Business)
B2C (Business-to-Consumer)
C2C (Customer-to-Customer)
Breakup by Destination:
Domestic
International
Breakup by Type:
Air
Ship
Subway
Road
Breakup by End Use Sector:
Services (BFSI- Banking, Financial Services and Insurance)
Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction and Utilities
Others
Breakup by Country:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
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)
Key Questions Answered in This Report
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.
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