Market Size of United Kingdom Domestic Courier, Express, and Parcel (CEP) Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Domestic Courier, Express, and Parcel (CEP) Market Analysis
During the time frame of the forecast, the UK domestic courier, express, and parcel (CEP) market is expected to grow at a CAGR of 7%.
The market for courier, parcel, and express services in the UK is an important part of the logistics industry as a whole.The market includes a wide range of business services that help connect suppliers and customers, such as couriers, parcel post, the operations of express companies, and other business services.The UK courier, parcel, and express market is a key aspect of the British economy and is worth billions each year. With the UK entering a new era regarding Brexit, it could be argued that the market will grow even more in the coming years.
The retail industry is shifting into the digital realm as a result of increasing internet penetration. The post office and parcel delivery services are concentrating on methods to re-engineer their core operations to meet the new face of the fast-growing B2C parcel delivery market, particularly same-day delivery. The delivery market has transformed and is now being supplied more widely thanks to Amazon's pioneering same-day plan.
Technology advancements and the use of robotics for automated sorting at hubs and depots are helping the market more quickly deliver on its promises. With more than 1.3 billion parcel deliveries and 13 billion letter deliveries, Royal Mail Plc, one of the key competitors in the UK's CEP market, has taken the lead.
Due to the strange coronavirus outbreak and the sudden rise in the number of people who want food and grocery deliveries, the number of people who use domestic courier services for home deliveries has gone up. As a response to the coronavirus outbreak, lockdowns and other measures were put in place to keep people from talking to each other. As a result, online shopping went through the roof. Forced store closings and social isolation policies for the 2020-21 period pushed consumers to order goods online and have them delivered by couriers more frequently than they did in the past. It is anticipated that this movement in customer behavior toward online shopping will be more lasting.
