India Courier Express And Parcel Market
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India Courier, Express and Parcel (CEP) Market, By Business (B2B, B2C, C2C); By Destination (Domestic, International); By End User (Services, Wholesale & Retail, Manufacturing, Construction & Utilities, Primary Industries); By Mode of Transport (Railways, Airways, Roadways, Waterways); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: June 2024
- Report ID: BWC24428
- Available Format: PDF
- Page: 200
Report Overview
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.India Courier, Express and Parcel (CEP) Market – Industry Trends & Forecast Report, 2030
The India Courier, Express and Parcel (CEP) Market size by value was estimated at USD 7.86 billion in 2023. During the forecast period between 2024 and 2030, the India Courier, Express and Parcel (CEP) Market size is projected to grow at a CAGR of 7.25% reaching a value of USD 13.94 billion by 2030. Prominent drivers of the market are the increasing urbanization, e-commerce boom, and rising technological innovations. The COVID-19 pandemic highlighted India's importance for domestic and international shipments.
By volume, the India Courier, Express and Parcel (CEP) Market size was estimated at 4.4 billion units in 2023. During the forecast period between 2024 and 2030, the India Courier, Express and Parcel (CEP) Market size is projected to grow at a CAGR of 7.09% reaching the volume of 5.2 billion units by 2030. GST implementation has streamlined logistics by unifying indirect taxes, enhancing product movement. Continuous high growth of e-commerce 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.
Courier, Express and Parcel (CEP) – Overview
The Courier, Express, and Parcel (CEP) market is a vital segment of the logistics industry, focusing on the swift delivery of parcels and documents. It includes courier services for rapid, door-to-door delivery within local or regional areas, express services that guarantee time-sensitive deliveries like next-day or same-day arrivals, and parcel services for larger packages that require reliable and trackable delivery. Serving both B2B (business-to-business) and B2C (business-to-consumer) markets, CEP services are crucial for the efficient operation of e-commerce and global trade, ensuring timely and secure transportation of goods across various distances and timeframes.
India Courier, Express and Parcel (CEP) Market
Growth Drivers
Increasing E-commerce
E-commerce is a significant driver of market growth, fueled by rapid development in India's online market, rising disposable income, and deepening internet penetration. As a result, BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India E-commerce Market size by value at USD 225.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India E-Commerce Market size to expand at a CAGR of 11.38% reaching a value of USD 303.11 billion by 2030. India is among the fastest-growing parcel shipment markets. Strategic initiatives by key market players, such as Delhivery's launch of a consumer-to-consumer (C2C) express parcel service and its acquisition of Spoton Logistics to enhance the B2B segment, are expected to boost the growth of the India Courier, Express, and Parcel (CEP) Market. Rapid industrialization and cross-border trade in the post-COVID era will further drive demand. However, high operating costs remain a challenge. Deepening penetration of internet, especially with initiatives like Jio's Gigafiber, will likely support the expanding e-commerce sector.
Challenges
Rising Fuel Prices
Rising fuel prices are restraining the growth of the India Courier, Express, and Parcel (CEP) Market. Higher fuel costs increase operational expenses for logistics companies, leading to higher shipping rates and reduced profit margins. This financial strain impacts the overall market growth by making services more expensive for consumers and businesses alike, potentially slowing down the expansion of the CEP 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 conflict 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 Business
By business, the India Courier, Express and Parcel (CEP) Market is divided into B2B, B2C, and C2C segments. The B2B (Business-To-Business) segment holds the highest share in the India Courier, Express and Parcel (CEP) Market by business. It can be attributed to the extensive exchange of goods and services between businesses, necessitating frequent and reliable shipments of parcels and documents. B2B transactions typically involve larger volumes and higher frequency of deliveries compared to B2C (Business-To-Consumer) transactions. As a result, logistics providers catering to the B2B segment play a crucial role in facilitating supply chain operations, contributing significantly to the overall revenue and growth of the Indian CEP market. Meanwhile, the B2C (Business-To-Consumer) segment is expected to witness the fastest growth rate during the forecast period. The surge is driven by the increasing trend of online shopping and e-commerce activities, leading to rising demand for timely and efficient parcel deliveries directly to consumers' doorsteps.
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.
India Courier, Express and Parcel (CEP) Market – By End User
Based on end user, the India Courier, Express and Parcel (CEP) Market is divided into Services, Wholesale & Retail, Manufacturing, Construction & Utilities, and Primary Industries segments.
India Courier, Express and Parcel (CEP) Market – By Mode of Transport
Based on mode of transport, the India Courier, Express and Parcel (CEP) Market is divided into Railways, Airways, Roadways, and Waterways segments. The roadways segment holds the highest share in the India Courier, Express and Parcel (CEP) Market by mode of transport. In 2021, road transportation services accounted for over INR 3 trillion (USD 36.3 billion) in GVA (Gross Value Added), although there was a slight decrease from the previous fiscal year. This sector plays a crucial role in facilitating the smooth movement of goods and services domestically and internationally. Over 50% of freight and 90% of passenger traffic in India are handled by roads, driven by government and private investments, rising exports, and the growing FMCG sector. Infrastructure advancements, including improved rail transportation, have further bolstered the transportation industry, making India a major manufacturing hub in Asia.
India Courier, Express and Parcel (CEP) Market – By Region
Geographically, the India Courier, Express and Parcel (CEP) Market is divided into North India, South India, East India, and West India regions.
Competitive Landscape
Major players operating in 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In November 2023 - Blue Dart and India Post partnered to introduce digital parcel lockers at post offices, enabling consignees to retrieve shipments conveniently without personal receipts. The initiative aims to enhance delivery options and security, allowing recipients to access packages anytime via assigned codes.
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In October 2023 - Ola introduced Ola Parcel, an all-electric on-demand delivery service in Bengaluru, aiming to electrify logistic services affordably.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
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Estimated Year – 2024 |
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Forecast Period – 2024–2030 |
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Facts Covered |
By Value - USD Billion |
By Volume - Billion Units |
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Market Coverage |
India |
Product/ Service Segmentation |
Business, Destination, End User, Mode of Transport, Region |
Key Players |
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, Xpressbees Logistics Private Limited |
By Business
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B2B
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B2C
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C2C
By Destination
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Domestic
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International
By End User
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Services
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Wholesale & Retail
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Manufacturing
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Construction & Utilities
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Primary Industries
By Mode of Transport
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Railways
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Airways
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Roadways
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Waterways
By Region
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North India
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South India
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East India
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West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Courier, Express and Parcel (CEP) Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- E-commerce Boom
- Globalization of Trade
- Business-to-Business (B2B) Efficiency
- Urbanization and Population Growth
- Restraints
- Rising Fuel Prices
- Regulatory Hurdles
- Opportunity
- Investment in Infrastructure
- Advancement in Technology
- Challenges
- Environmental Concerns
- Last-Mile Delivery Challenges
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Courier, Express and Parcel (CEP) Market: Marketing Strategies
- India Courier, Express and Parcel (CEP) Market: Pricing Analysis
- India Courier, Express and Parcel (CEP) Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Business
- B2B
- B2C
- C2C
- By Destination
- Domestic
- International
- By End User
- Services
- Wholesale & Retail
- Manufacturing
- Construction and Utilities
- Primary Industries
- By Mode of Transport
- Railways
- Airways
- Roadways
- Waterways
- By Region
- North India
- South India
- East India
- West India
- By Business
- Market Size & Forecast, 2019–2030
- North India Courier, Express and Parcel (CEP) Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Business
- By Destination
- By End User
- By Mode of Transport
- Market Size & Forecast, 2019–2030
- South India Courier, Express and Parcel (CEP) Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Business
- By Destination
- By End User
- By Mode of Transport
- Market Size & Forecast, 2019–2030
- East India Courier, Express and Parcel (CEP) Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Business
- By Destination
- By End User
- By Mode of Transport
- Market Size & Forecast, 2019–2030
- West India Courier, Express and Parcel (CEP) Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Business
- By Destination
- By End User
- By Mode of Transport
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Courier, Express and Parcel (CEP) Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Geopolitical Tensions on India Courier, Express and Parcel (CEP) Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
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- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List Of Figures
Figure 1 India Courier, Express and Parcel (CEP) Segmentation
Figure 2 India Courier, Express and Parcel (CEP) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030
Figure 6 India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030
Figure 7 India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030
Figure 8 India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030
Figure 9 North India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Figure 10 North India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030
Figure 11 North India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030
Figure 12 North India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030
Figure 13 North India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030
Figure 14 South India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Figure 15 South India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030
Figure 16 South India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030
Figure 17 South India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030
Figure 18 South India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030
Figure 19 East India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Figure 20 East India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030
Figure 21 East India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030
Figure 22 East India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030
Figure 23 East India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030
Figure 24 West India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Figure 25 West India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030
Figure 26 West India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030
Figure 27 West India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030
Figure 28 West India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030
List of Tables
Table 1 India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Table 2 India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030
Table 3 India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030
Table 4 India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030
Table 5 India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030
Table 6 North India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Table 7 North India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030
Table 8 North India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030
Table 9 North India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030
Table 10 North India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030
Table 11 South India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Table 12 South India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030
Table 13 South India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030
Table 14 South India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030
Table 15 South India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030
Table 16 East India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Table 17 East India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030
Table 18 East India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030
Table 19 East India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030
Table 20 East India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030
Table 21 West India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030
Table 22 West India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030
Table 23 West India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030
Table 24 West India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030
Table 25 West India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030
Table 26 Blue Dart Express Limited Company Overview
Table 27 Blue Dart Express Limited Financial Overview
Table 28 DHL Express India Company Overview
Table 29 DHL Express India Financial Overview
Table 30 Delhivery Private Limited Company Overview
Table 31 Delhivery Private Limited Financial Overview
Table 32 FedEx Express Company Overview
Table 33 FedEx Express Financial Overview
Table 34 Ecom Express Private Limited Company Overview
Table 35 Ecom Express Private Limited Financial Overview
Table 36 DTDC Express Limited Company Overview
Table 37 DTDC Express Limited Financial Overview
Table 38 Gati Company Overview
Table 39 Gati Financial Overview
Table 40 Safexpress Private Limited Company Overview
Table 41 Safexpress Private Limited Financial Overview
Table 42 Instakart Services Private Limited Company Overview
Table 43 Instakart Services Private Limited Financial Overview
Table 44 Xpressbees Logistics Private Limited Company Overview
Table 45 Xpressbees Logistics Private Limited Financial Overview
Market Segmentation
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