United Kingdom Courier, Express, and Parcel (CEP) Market – Growth, Trends, And Forecast (2020 – 2025)
United Kingdom Courier, Express, and Parcel (CEP) market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The United Kingdom Courier, Express, and Parcel (CEP) market is highly competitive and consists of a number of major players: Royal Mail PLC, DPDgroup, Hermes Parcelnet Ltd, DHL, UPS, FedEx, Yodel, Amazon Logistics, DX Group, Parcelforce
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Scope of the Report
The United Kingdom courier, express, and parcel (CEP) market is growing with the increasing number of same-day delivery transactions. The United Kingdom along with Italy has been the faster-growing market in the European region owing to the powerful digital trends which are driving the market. The key market players are continuously reinventing the post and parcel industry with technology-driven innovations. Though the ongoing COVID-19 pandemic is benefiting the online retail from the large-scale substitution of purchases from various physical stores the weakening economy is likely to force people to reduce non-essential purchases. The growing internet penetration is changing the retail to shift toward the digital world. The post and parcel companies are focusing on strategies to re-engineer their core businesses to meet the new face of rapidly expanding B2C parcel delivery especially the same-day delivery. The same-day strategy led by Amazon changed the pace of the delivery market and is becoming more widely offered. Technological innovations and use of robotics for automated sorting in hubs and depots is helping the market to fulfill the promises in a faster manner. The Royal mail plc, which is one of the leading market players of the CEP market in the United Kingdom has led the market with over 1.3 billion parcels and 13 billion letter deliveries.
Key Market Trends
B2C Market Segment is Anticipated to Grab Major Share of the Market
The growing e-commerce has been fuelling the growth in cross-border parcels volume. The proportion of United Kingdom adults purchasing online cross-border has increased substantially, from 28% in 2013 to 43% in 2017. In 2018, the European B2C e-commerce segment has grown around 13.5 % to GBP 602 billion and during 2017-18, international outbound parcels (exports) represented 7% of all parcel volumes shipped,. Though the B2B remains its main focus for growth and continues to occupy more than half of the total volume, the B2C segment is anticipated to grow during the forecast period and is expected to occupy a major share of the market.
Increasing e-commerce Penetration is Anticipated to Drive the Market
The United Kingdom is one of the early adopters of internet commerce (e-commerce) in the world with a high penetration rate. With substantial internet shopping in recent years, the CEP market has been registering many new companies entering the market. The United Kingdom occupies a one-third share of the European e-commerce market and the highest share of online retailing in the world. The country’s B2C e-commerce turnover has been increasing rapidly than its European rivals Germany and France. The United Kingdom is also one among the global leaders in terms of consumer spend on the internet and the consumers spend more than GBP 2,000 per head online every year.
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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: United Kingdom 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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