GCC Courier, Express, and Parcel (CEP) Market Size Booming at CAGR of 7.27% to Touch USD 5.5 Billion by 2030

Published | 19 September 2024

GCC Courier, Express, and Parcel (CEP) Market is flourishing because of the rapid growth of the e-commerce industry and urbanization and population growth.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated GCC Courier, Express, and Parcel (CEP) Market size at USD 3.38 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects GCC Courier, Express, and Parcel (CEP) Market size to expand at a CAGR of 7.27% reaching a value of USD 5.50 billion by 2030. Emerging online e-commerce platforms in the area, such as Amazon.com and Noon.com, as well as the rising popularity of online shopping among customers, are major growth catalysts for the GCC Courier, Express, and Parcel (CEP) Market. Furthermore, over the projected period, it is expected that ongoing developments and innovations—like the introduction of licenses for flying package delivery vehicles—will provide the GCC courier, express, and parcel (CEP) industry with lucrative growth opportunities.

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Opportunity - Increasing Demand for FMCG Products

The wholesale and retail segments account for the largest market share in GCC Courier, Express, and Parcel (CEP) Market by end user. The growing demand for FMCG products through popular e-commerce platforms, such as Amazon.com, is emerging as a major driving factor for wholesale and retail sector growth. Meanwhile, the services segment is expected to grow at a substantial rate over the forecast period. The CEP services are witnessing significant adoption in the BFSI sector owing to the need for secure and rapid document and parcel delivery. Other major end user segments in  GCC Courier, Express, and Parcel (CEP) Market include manufacturing, construction & utilities, and primary industries.

Impact of Escalating Geopolitical Tensions on GCC Courier, Express, and Parcel (CEP) Market

The escalating geopolitical tensions negatively impact the growth of GCC Courier, Express, and Parcel (CEP) Market. Geopolitical conflicts directly cause supply chain interruption, which impacts courier and logistics services and raises shipping costs because of higher fuel prices, higher insurance premiums, and more security procedures. Moreover, nations must cope with route modifications and reroute their products to avoid war zones, raising transportation costs and duration. Consumer behavior is another aspect that is directly impacted by geopolitical conflicts. The demand for CEP services may fluctuate due to changes in consumer spending behavior, which would limit the market's growth in the GCC nations.

Domestic Segment Holds Larger Market Share

The domestic segment holds a higher market share owing to the increasing demand for last-time deliveries. Furthermore, expanding online grocery and food delivery services is propelling the demand for efficient delivery services for non-durable goods. In addition, the need for extensive domestic CEP networks that can service a broad geographic reach is fueled by the growth of online markets outside of major cities and into suburban and rural regions. International segment is another destination segment in GCC Courier, Express, and Parcel (CEP) Market by destination.

Saudi Arabia Dominates GCC CEP Market

The in-depth research report on GCC Courier, Express, and Parcel (CEP) Market covers the market in Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia dominates the GCC courier, express, and parcel (CEP) market. However, Qatar is also expected to grow at a substantial rate over the forecast period. The rising investments in logistics and transport infrastructure are anticipated to play a major role in driving the market.

Competitive Landscape

GCC Courier, Express, and Parcel (CEP) market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Aramex, DHL Group, Emirates Post, FedEx, Postaplus, Qatar Post, Saudi Post-SPL (including Naqel Express), SMSA Express, Uber Technologies Inc., and United Parcel Service of America, Inc. (UPS). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in GCC Courier, Express, and Parcel (CEP) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and GCC Courier, Express, and Parcel (CEP) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Courier, Express, and Parcel (CEP) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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