China International Courier, Express, And Parcel (CEP) Market Size

China International Courier, Express, And Parcel (CEP) Market Analysis

• The Chinese International Courier, Express, and Parcel (CEP) market is valued at USD 67.5 Billion and is estimated to record a CAGR of more than 8% during the forecast period. Every industry in China has been impacted by the pandemic. It has, however, sped up online shopping, which directly benefits the expansion of the Chinese international CEP sector. Due to social segregation efforts, parcel delivery volumes rose during the pandemic. In China, last-mile delivery is undergoing a significant transition as businesses consider alternatives including delivery lockers, pickup stations, crowdsourcing deliveries, drone deliveries, and autonomous cars. The entire supply chain is being transformed by technological advancement, and China's parcel sector is being completely reimagined. Growing efficiency and meeting customer expectations depend more on technology.
• Digitalization has had a significant impact on the market. With the rise of ecommerce, the number of delivered parcels in China more than doubled in the past 10 years. Growth in the e-commerce sector, rising cross-border trade, technological advancements, and crowdsourced delivery models are driving the growth of the Chinese international CEP market.
• China's express delivery industry is showing rapid growth due to the increasing popularity of e-commerce and the mushrooming local logistics networks, empowered by new digital tools. The sector has strong growth potential, as the demand for delivery services is boosting the market. The courier industry has recorded rapid growth over the past five years, benefiting from China's strong economic performance and growing e-commerce expansion.