Market Size of japan 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 33.85 Billion |
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Market Size (2030) | USD 44.55 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 4.68 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Japan Courier, Express, and Parcel (CEP) Market Analysis
The Japan Courier, Express, and Parcel (CEP) Market size is estimated at 33.85 billion USD in 2024, and is expected to reach 44.55 billion USD by 2030, growing at a CAGR of 4.68% during the forecast period (2024-2030).
33.85 Billion
Market Size in 2024 (USD)
44.55 Billion
Market Size in 2030 (USD)
4.75 %
CAGR (2017-2023)
4.68 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
5.36 %
Projected CAGR, Express, 2024-2030
Japan's established postal network, initiatives to strengthen connectivity, and technological advancements like drone deliveries are driving the segment's growth.
Fastest Growing Market by Model
6.09 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
Japan is one of the largest e-commerce markets in the world, which is a major facilitator of the segment's growth.
Largest Market by Shipment Weight
50.04 %
value share, Light Weight Shipments, 2023
Recent developments, initiatives, and collaborations for deliveries of items like groceries and medicines are catalysts for the segment's growth.
Largest Market by End User Industry
34.32 %
value share, Manufacturing, 2023
The Japanese manufacturing industry has been the driving force behind the Japanese economy's rise to the third largest economy in terms of GDP.
First leading Market player
31.85 %
market share, Yamato Holdings, 2022
In 2022, Yamato Holdings introduced 3,200 vehicles new vehicles in Japan. In 2023, it introduced 500 new vehicles.
The e-commerce industry is driving the segmental demand in Japan
- Domestic and cross-border e-commerce is a major driver of the demand for courier, express, and parcel in the country. The e-commerce market was valued at USD 145 billion in 2022, leading to growth in CEP volume. Post re-opening of the economy, overall CEP demand in the country increased. The domestic and international CEP volume grew in 2022 despite the presence of an aging workforce in the country, along with labor shortages. The redelivery of parcels significantly contributed to the growth of the CEP market. For instance, approximately 11.8% of parcels shipped by major door-to-door delivery services in Japan had to be redelivered in October 2022, increasing from 11.7% in April 2022. By 2024, the revenue in the e-commerce industry is expected to reach USD 176 billion, driven by high internet user penetration.
- As of 2020, the domestic parcels handled by post offices alone reached 4390.1 million, a decline from 4543.1 million handled in 2020. Furthermore, in 2020, international parcels sent from post offices reached 2.5 million, a decline from 2.8 million in 2020. This showed that the presence of foreign courier companies had started gathering a larger market share.
- E-commerce, led by the fashion category with a 25% revenue contribution and the electronics category with a 19% revenue, contributed to the CEP market in 2020, owing to the COVID-19 pandemic. Government-imposed restrictions to curtail the spread of the virus and the work-from-home scenario led to the popularity of the online delivery method. E-commerce is projected to reach USD 225 billion by 2027, significantly increasing demand for the CEP market.
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Understand The Key Trends Shaping This Market
