Market Size of Sweden 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 | > 10.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweden CEP Market Analysis
Sweden's courier, express, and parcel market is anticipated to register a significant CAGR of more than 10% during the forecast period. It is owing to the growing e-commerce business across the Nordic region followed by the changing lifestyles of people with increasing demand for deliveries across all business segments.
- Being the country with the highest e-commerce growth in 2021 (20%), Sweden is at the top of the list of target markets for expansion for many online retailers. In addition, several other e-commerce metrics indicate the country's attractiveness in northern Europe.
- The products' quality and the companies' sustainable orientation are important decision factors for Swedish online shoppers. An important part of the last point is environmentally friendly delivery methods. In addition to green shipping, reliability, and speed, the price is also a key element in the purchase decision. As in any country, certain parcel delivery services include a better reputation than others. So, offering the shipping option with the right courier directly impacts one's conversion rate. For example, 27% of Swedes abandon the purchase process if their preferred delivery method is not offered.
