The global courier, express, and parcel (CEP) market to grow at a CAGR of 5.78% during the period 2016-2020.
CEP services include the delivery of parcels and documents to different types of customers such as business customers, retail customers, and government agencies. The parcels and documents delivered by the CEP vendors are non-palletized items, which usually weigh less than 110 pounds. The global CEP market is at a growing stage. This is attributable to the increased demand from e-commerce, increased Internet penetration, rising disposable income of people, and increased inter and intra-trade services.
The report covers the present scenario and the growth prospects of the global courier, express, and parcel (CEP) market for 2016-2020. To calculate the market size, we have considered the revenue generated by the vendors that provide CEP services. The report also includes a discussion of the key vendors operating in this market.
The dominance of integrated service providers is one the key trends. The CEP market is characterized by vendors that are engaged in providing either asset-type or non-asset-type services. However, integrated service providers are a combination of both asset-type and non-asset-type providers. While asset-type providers own truck fleets or warehouses and non-asset-type providers act as consultant firms or as forwarders.
According to the report, growing e-commerce market is one of the drivers promoting growth. Urbanization and increased disposable income of consumers are influencing the retail sector, which is resulting in the expansion of well-organized retail spaces. The scenario is prominent, especially in the e-commerce market, which is growing rapidly in most regions, fostered by the increased adoption of Internet and mobile services.
Further, the report states that varied pricing structure among vendors is one of the challenges that the market is facing. The Postal Regulatory Commission (PRC) has approved rate changes to the various services offered by United States Postal Service (USPS). The changes will lower the rates for companies such as e-commerce businesses, which ship high volume and light-weight packages. This can affect the B2C market share of UPS and FedEx.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- A-1 Express
- BDP International
For more information about this report visit http://www.researchandmarkets.com/research/tw5vfp/global_courier
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-courier-express-and-parcel-market-growth-at-cagr-of-578-2016-2020-challenges-trends--drivers---key-vendors-are-a-1-express-bdp-international-dhl-fedex--ups-300341247.html
SOURCE Research and Markets