Market Size of Japan International CEP Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.83 Billion |
| Market Size (2029) | USD 9.13 Billion |
| CAGR (2024 - 2029) | 13.57 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan International CEP Market Analysis
The Japan International CEP Market size is estimated at USD 4.83 billion in 2024, and is expected to reach USD 9.13 billion by 2029, growing at a CAGR of 13.57% during the forecast period (2024-2029).
Japan is a major trading and investing partner for the United States. Electronic equipment and cars are two of Japan’s biggest exports. Trade with other countries is also very important for Japan’s economy.
- In 2022, Japan’s exports are Cars (USD 88.6 billion), Integrated circuits (USD 36 billion), Motor vehicles; parts & accessories (8701 and 8705) (USD 33.4 billion), Machinery having individual functions (USD 22 billion) and Photo lab equipment (USD 18.5 billion) among others.
- To facilitate international commerce, Trade Special Economic Zones (SEZ) and Free Trade Zones (FTZ) are established, which facilitate the revenue generation of the Courier, Express, and Parcel companies (CEP).
- The main driving factor for the International CEP market is the E-commerce Sector. Japan is the world’s largest online shopping market, Japan’s e-commerce market is dominated by B2B transactions, with a growing emphasis on B2C sales and an emerging C2C market. B2C sales have more than doubled over the past decade.
- Japan's internet penetration rate was 82.9% at the beginning of 2023, with 102.5 million people using the internet. In January 2023, 92.00 million people in Japan were using social media, making up 74.4% of the population.
- In November 2022, Japan is launching a space-based courier service. ISpace Inc. the company, based in Tokyo, is planning to launch a moon lander later this month that will be carrying a bunch of commercial and government stuff, including two rovers.
