The report presents an in-depth assessment of the China Courier, Express, and Parcel (CEP) Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for China Courier, Express, and Parcel (CEP) investments from 2021 till 2025. This research report also provides post COVID-19 impact analysis of the China Courier, Express, and Parcel (CEP) industry.
China Courier, Express, and Parcel (CEP) market is growing at a CAGR of 8% during the forecast period (2021-2025).
The China Courier, Express, and Parcel (CEP) market is highly competitive and consists of a number of major players. Top Companies like SF Express, YTO Express, STO Express, ZTO Express, China Post, Yunda Express, Best Express, DHL, FedEx
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Scope of the Report
China’s courier industry is relied upon to deal with 74 billion packages this year, as per the country’s postal service regulator, an average of 52 deliveries for each individual. The figure will speak to an 18% year-on-year increment by the end of this year, According to the State Post Bureau, said at its yearly work meeting on recently, adding that revenues in the sector will reach about USD 127 billion. According to the bureau, more than 63 billion packages were delivered through express service a year ago, up 24 % year-on-year.
Key Market Trends
Rise in E-Commerce Sector to Boost the CEP Market in China
With around USD 1.5 billion revenue projected in 2025, the e-commerce market in China is the largest in the world. China is home to the largest online community in the world. The domestic segment holds the major share in the e-commerce sector during the review period with almost 99% in 2017. However, the cross-border segment witnessed growth during the forecast period rising from 0.6% in 2017 to 1.6% in 2019.
The Chinese internet population was around 840 million in 2019 and would rise up to 975 million by 2023. Affordable smartphones play an important role in China’s rising internet population. In 2019, over 90 percent of Chinese people accessed the internet through mobile phones. To provide more affordable and faster internet services, measures have been carried out in the country to reduce service rates and extend the 1,000-Megabyte broadband connection to over 300 cities.
Domestic Segment Holds Largest Share in the Market
The total CEP market in China is valued at USD 85.22 billion by the start of 2019 with the Domestic market holding up the major share. The revenue generated by the domestic CEP market has amounted to USD 65.72 billion by the start of the year 2019, which is approximately 76.5% of the total revenue generated by the China CEP market. The domestic CEP market is likely to witness the growth and hold the major share during the forecast period driven by the B2C e-commerce boom.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: China Courier, Express, and Parcel (CEP) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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