Asia-Pacific CEP Market Overview
The Asia-Pacific Courier, Express, and Parcel (CEP) market is estimated to grow at a CAGR of more than 6% during the forecast period. Asia-Pacific is the largest regional parcel market by value, accounting for more than 60% of the total e-commerce market worldwide. The demand for CEP services in the Asia-Pacific region is expected to witness high growth during the forecast period, owing to the high population growth, rising disposable incomes and standards of living, and growth in international trade. China contributes to the major share of the Asia-Pacific CEP market. The express delivery market of the country is the largest in the world and accounts for almost 40% of the total delivery volume across the world. The Southeast Asia region is one of the emerging hotspots, globally, attracting investments from across the world. E-commerce in the region is also expected to bolster through the forecast period.
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Asia-Pacific CEP Market – Geographical Overview
Asia is the fastest-growing region in the global e-commerce marketplace
The region accounts for the largest share, around 64% of the world’s business-to-consumer e-commerce market. In 2019, China led the e-commerce market in the Asia Pacific with 61% of consumers shopping online whilst New Zealand and Japan are the smallest markets, lagging behind at 33% and 34% respectively. Asia’s stellar growth in e-commerce is not limited to China, as India, Japan, and South Korea are among the economies with the largest shares of e-commerce sales in retail sales worldwide. China also has the second-largest retail market in the world and the cross-border e-commerce channel in the market is growing rapidly. This rapid growth in e-commerce markets in the region drives the demand for express and parcel deliveries.
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Competitive Landscape of the Asia-Pacific CEP Market
The Asia Pacific CEP market is fragmented with the presence of many international and local CEP companies. As the demand for CEP services is growing rapidly across the globe especially in developing countries, the companies are becoming more competitive to capture the huge opportunity. The international players are making strategic investments to establish a regional logistics network, such as the opening of new distribution centers, smart warehouses, etc. In the Asia-Pacific region, international logistics companies like DHL, FedEx, and UPS are some of the more prominent players with greater market share as compared to other logistics players in the region.
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List of Key Players in the Asia-Pacific CEP Market
- Deutsche Post DHL Group
- United Parcel Service Inc.
- SF Express (Group) Co. Ltd
- Australia Post
- Yamato Holdings Co. Ltd
- Blue Dart
- Pos Malaysia Berhad
- JNE Express
- CJ Logistics
- GD Express Sdn Bhd
- Thailand Post
- FedEx
- Sagawa Express
- Kerry Express
- Toll Group
*List Not Exhaustive
Mordor Intelligence has segmented the global Asia-Pacific CEP market on the basis of business, destination, end-user industry, and country:
- Business (Market Size & Forecast based on Revenue (USD million), 2016-2026)
- B2B (Business-to-business)
- B2C (Business-to-consumer)
- Destination (Market Size & Forecast based on Revenue (USD million), 2016-2026)
- Domestic
- International
- End-user Industry (Market Size & Forecast based on Revenue (USD million), 2016-2026)
- Services (BFSI (Banking, Financial Services, and Insurance))
- Wholesale and Retail Trade (E-commerce)
- Manufacturing, Construction, and Utilities
- Primary Industries (Agriculture, and Other Natural Resources)
- Country (Market Size & Forecast based on Revenue (USD million), 2016-2026)
- China
- Japan
- Australia
- India
- Singapore
- Malaysia
- Indonesia
- Thailand
- South Korea
- Rest of Asia-Pacific
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