Market Size of India Domestic Courier, Express, and Parcel (CEP) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Domestic Courier Express & Parcel Market Analysis
The Indian domestic courier, express, and parcel (CEP) market is estimated to register a CAGR of more than 15% during the forecast period. The increasing consumer preference for shopping online through various e-commerce portals also boosts the market growth.
- The COVID-19 pandemic impacted every sector. However, the pandemic accelerated online purchasing, positively impacting the domestic CEP industry's growth and increasing its market share. E-commerce stores in India were collaborating with courier service providers to deliver their products across domestic locations. Additionally, technological advancements, including using digital technologies with crowdsourced delivery models, created a positive outlook for the market in India. The growing e-commerce sector, along with the growing cross-border trade, was one of the key factors driving the growth of the domestic CEP market. The domestic CEP market was expected to grow and hold a significant share during the forecast period, driven by the B2C e-commerce boom.
- India has been becoming a significant domestic shipment market, with significant companies entering and expanding networks in the market. Innovation has become critical for organizations to consider market trends and dynamics seriously. Digitizing the economy and providing cheap internet to people are a few reasons that boosted digital sales growth in India.
