India CEP Market
India Courier, Express and Parcel (CEP) Market Size Expands at CAGR of More Than 7% to Touch USD 14 Billion and 5.2 Billion Units by 2030
Published | 10 June 2024
India Courier, Express and Parcel (CEP) Market is flourishing due to thriving e-commerce sector, globalization of trade, a heightened focus on business-to-business (B2B) efficiency, and rapid urbanization and population growth.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Courier, Express and Parcel (CEP) Market size by value at USD 7.86 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Courier, Express and Parcel (CEP) Market size to expand at a CAGR of 7.25% reaching a value of USD 13.94 billion by 2030. Courier, Express and Parcel (CEP) market in India is propelled by the increasing urbanization, e-commerce boom, and rising technological innovations. The COVID-19 pandemic highlighted India's importance for domestic and international shipments. GST implementation has streamlined logistics by unifying indirect taxes, enhancing product movement.
By volume, BlueWeave estimated the India Courier, Express and Parcel (CEP) Market size at 4.4 billion units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Courier, Express and Parcel (CEP) Market size by volume is projected to grow at a CAGR of 7.09% reaching the volume of 5.2 billion units by 2030. Continuous e-commerce growth and the high cost of infrastructure are prompting more collaborations within the industry. Also, the rising demand for efficient last-mile delivery solutions is driving companies to adopt innovative approaches to stay competitive.
Opportunities – Increasing investments in infrastructure development
Efficient logistics is crucial for economic growth, encompassing transportation, inventory management, and warehousing. In India, the sector remains largely unorganized, except for express logistics, railways, and inland waterways. The CEP market, valued at USD 5 billion, is driven by B2B and B2C shipments, with GST streamlining operations by consolidating indirect taxes. Maintaining service quality while managing costs is challenging, prompting more collaborations and consolidation. The Chinese logistics sector's consolidation over the past decade serves as a model for India. With high infrastructure costs, the Indian CEP market is expected to witness significant mergers and acquisitions, enhancing efficiency and market share.
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Advancements in technology
Technological advancements significantly influence India Logistics Sector. The adoption of technology has improved service offerings and efficiency. In China, platforms like Cainiao Smart Logistics Network have revolutionized logistics by integrating resources and enhancing efficiency. India must invest in automation of transshipment, sorting, and fulfillment centers to meet growing demand. Such investments will reduce manual interventions and improve operational efficiency. With rising competition and pricing pressure, leveraging technology is critical for maintaining profitability. The need for skilled human resources further underscores the importance of technological innovation in the logistics sector.
Impact of Escalating Geopolitical Tensions on India Courier, Express and Parcel (CEP) Market
Geopolitical tensions can have a multifaceted impact on the India Courier, Express and Parcel (CEP) Market. Heightened political unrest and conflicts can disrupt transportation routes, delay deliveries, and increase security risks for shipments. Companies may face challenges in navigating unstable regions, leading to higher operational costs and logistical complexities. Additionally, trade restrictions or sanctions resulting from geopolitical tensions can hinder cross-border trade, limiting market access and impacting overall business profitability. As a result, uncertainty and volatility in geopolitical relations pose considerable challenges for the CEP market in India, necessitating strategic risk management and adaptation strategies.
India Courier, Express and Parcel (CEP) Market
Segmental Coverage
India Courier, Express and Parcel (CEP) Market – By Destination
Based on destination, the India Courier, Express and Parcel (CEP) Market is split into Domestic and International segments. The domestic segment holds a higher share in the India Courier, Express and Parcel (CEP) Market by destination. The dominance stems from the country's vast geographical spread and high population density, necessitating extensive domestic logistics operations. Additionally, the burgeoning domestic e-commerce sector has fueled demand for parcel deliveries within India. Improved infrastructure and connectivity networks further contribute to the appeal of the domestic CEP market segment compared to international destinations.
Competitive Landscape
The India Courier, Express and Parcel (CEP) Market is fragmented, with numerous players serving the market. The key players dominating the India Courier, Express and Parcel (CEP) Market include Blue Dart Express Limited, DHL Express India, Delhivery Private Limited, FedEx Express, Ecom Express Private Limited, DTDC Express Limited, Gati, Safexpress Private Limited, Instakart Services Private Limited, and Xpressbees Logistics Private Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Courier, Express and Parcel (CEP) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Courier, Express and Parcel (CEP) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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Related Report
Publish Date: June 2024
Thriving e-commerce, globalization of trade, business-to-business (B2B) efficiency, and rapid urbanization and population growth are expected to drive the India Courier, Express and Parcel (CEP) Market during the forecast period between 2024 and 2030.
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