Market Size of india courier, express, and parcel (cep) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.58 Billion |
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Market Size (2030) | USD 15.93 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 10.87 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Courier, Express, and Parcel (CEP) Market Analysis
The India Courier, Express, and Parcel (CEP) Market size is estimated at 8.58 billion USD in 2024, and is expected to reach 15.93 billion USD by 2030, growing at a CAGR of 10.87% during the forecast period (2024-2030).
8.58 Billion
Market Size in 2024 (USD)
15.93 Billion
Market Size in 2030 (USD)
9.00 %
CAGR (2017-2023)
10.87 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
12 %
Projected CAGR, Express, 2024-2030
Faster delivery times, the unpredictability of the Indian postal system, and growth in e-commerce have contributed to the steady growth of express delivery modes and companies in India.
Fastest Growing Market by Model
14.14 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
A major contributor to the B2C segment's accelerating growth is internet and smartphone penetration over recent years, primarily attributed to the 'Digital India' program.
Largest Market by Shipment Weight
70.43 %
value share, Light Weight Shipments, 2023
The delivery demand for medicines and apparel and the rapidly changing landscape of on-demand delivery via quick commerce are majorly driving the segment's growth.
Largest Market by End User Industry
32.83 %
value share, Manufacturing, 2023
India's manufacturing sector has the potential to reach USD 1 trillion by 2025 and drive the demand for courier, express, and parcel services in the country.
First Leading Market Player
8.02 %
market share, Delhivery Limited, 2022
Delhivery has a total of 2,904 direct delivery centers, with a presence in every state of India. It has 22 automated sort centers, 96 gateways, and 93 fulfillment centers in India.
Steady demand for CEP market in India largely due to increasing e-commerce penetration
- E-commerce is a major driver of domestic and international demand for courier, express, and parcel services. Owing to the growing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was approximately USD 57.45 billion in 2022. This number is estimated to reach USD 107.10 billion by 2027. The current e-commerce penetration rate in 2023 is nearly around 76.7%.
- In India, 11 parcels per household were produced in 2021. Blue Dart Express was the leading courier service company in India in terms of market capitalization, with approximately USD 2.09 billion during 2021. Allcargo Logistics was the second leading courier company in the country in 2021, with USD 886.97 million. However, the industry was concentrated in 2020, with the top five companies accounting for 59.1% of its total turnover. The total number of companies in the Indian CEP market also increased to 1,168,145 units in 2020.
- In 2021, the funding for e-commerce amounted to about USD 11 billion in India. This was a significant increase compared to the previous year's funding of USD 900 million. About 100% FDI is allowed under the automatic route in B2B e-commerce in India through the marketplace model of e-commerce. About 100% FDI is allowed under the government approval route for e-commerce from food retail companies, provided products retailed are manufactured and produced in India. All these factors are driving the overall parcel volumes, especially domestic parcel volumes in India.
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Understand The Key Trends Shaping This Market
