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ASEAN Courier, Express, and Parcel (CEP) Market Size

The ASEAN Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by the expansion of e-commerce in countries such as Vietnam, Thailand, Indonesia, and Malaysia. The market's scale is influenced by both domestic and international segments, with the domestic sector currently leading in revenue contribution. Initiatives to enhance logistics infrastructure, such as airport upgrades and the introduction of electric vehicles for delivery, are further supporting market expansion. The B2C segment, in particular, is expected to grow rapidly, driven by increasing online activity and e-fulfillment improvements.

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Market Size of asean courier, express, and parcel (cep) Industry

ASEAN Courier, Express, and Parcel (CEP) Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 15.45 Billion
svg icon Market Size (2030) USD 23.51 Billion
svg icon Largest Share by Destination Domestic
svg icon CAGR (2024 - 2030) 7.24 %
svg icon Largest Share by Country Indonesia
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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ASEAN Courier, Express, and Parcel (CEP) Market Analysis

The ASEAN Courier, Express, and Parcel (CEP) Market size is estimated at 15.45 billion USD in 2024, and is expected to reach 23.51 billion USD by 2030, growing at a CAGR of 7.24% during the forecast period (2024-2030).

15.45 Billion

Market Size in 2024 (USD)

23.51 Billion

Market Size in 2030 (USD)

5.60 %

CAGR (2017-2023)

7.24 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

8.12 %

Projected CAGR, Express, 2024-2030

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Various developments in express air parcel delivery services and the extension of established parcel delivery networks are driving the segment's growth.

Fastest Growing Market by Model

9.43 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

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Significant growth of e-commerce and the presence of major e-marketplaces in the region are largely generating B2C delivery demand.

Largest Market by Shipment Weight

67.52 %

value share, Light Weight Shipments, 2023

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Increasing demand has led to the rise of various on-demand delivery services and services specifically for lightweight shipments.

Largest Market by End User Industry

35.62 %

value share, E-Commerce, 2023

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Courier and express services are becoming increasingly important in the e-commerce industry, as consumers expect orders to arrive quickly due to changing shopping behavior.

First leading Market player

18.93 %

market share, J&T Express, 2022

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J&T Express offers services in six ASEAN countries, namely Indonesia, Thailand, Malaysia, Vietnam, Philippines, and Singapore.

The domestic CEP segment dominates the market

  • In 2022, the domestic segment of the ASEAN courier, express, and parcel market made a contribution of 68.91% to the revenue generated, while the international segment contributed a share of 31.09% of the revenue generated. The main driver is booming e-commerce in Vietnam, Thailand, Indonesia, and Malaysia. Domestic and international segments are projected to grow by 14.62% YoY and 19.66% YoY, respectively, in 2023.
  • The logistics venture of Capital A Berhad, Teleport, raised USD 50 million in 2022 to support the extension of its cross-border delivery capabilities in all key Southeast Asian markets. The goal is to add additional freighters and build critical hubs in Indonesia, the Philippines, and Malaysia. The company also aims to invest in technology that would facilitate deliveries within 24 hours across the region. The company alone holds great potential for CEP growth as it quadrupled its intra-Southeast Asian market share in cargo volume from 2% in 2021 to 9% as of the third quarter of 2022. It also grew its e-commerce business by 600% YoY. The company serves three of the largest marketplaces that drive CEP market growth in Southeast Asia: Shopee, Lazada, and Zalora.
  • ASEAN's total market revenue from CEP delivery was USD 7.92 billion in 2019 and is expected to reach USD 16.91 billion by 2025, registering a 13.49% CAGR during 2020-2025. The B2B segment accounted for the largest share, with about 71% of market revenue in the same year, but the growth prospects of the B2C segment are expected to grow faster, with a 15.9% CAGR during 2020-2025 and a projected worth of USD 5.47 billion by 2025. In 2019, Indonesia's small parcel delivery services market accounted for almost 30% of the total ASEAN small parcel delivery revenues, followed by Malaysia (18%) and Thailand (17%).
ASEAN Courier, Express, and Parcel (CEP) Market

Adoption of e-delivery vehicles, establishment of cargo villages among drivers of regional market demand

  • The parcel volume in the region was driven mainly by surge in e-commerce-led parcel shipments along with other end users. Several initiatives are being undertaken to strengthen air and road deliveries of parcels in Vietnam. For instance, for 2021-2030, major works for strengthening airport infrastructure are underway, the biggest of which is at the Hanoi and existing Ho Chi Minh City airports, with an investment worth USD 9.6 billion. Also, in 2018, DH, a global courier, launched electric vehicles for the efficient delivery by road.
  • To facilitate e-commerce shipments in Indonesia, state-owned airport operators PT Angkasa Pura II (AP II) planned to establish a cargo village area at Soekarno-Hatta Airport, Banten Province, and Kertajati Airport, West Java Province, in 2022. Also, with around 73 million online active users in 2021, as well as the 2022 e-commerce Philippines Roadmap, which focuses on addressing obstacles associated with e-fulfillment and last-mile delivery services, the B2C segment has been driving the CEP market in the Philippines. Electric transportation has facilitated last-mile transportation in the Philippines. For instance, Gogoro Inc. and 917Ventures collaborated on an urban battery-swapping scheme for enhancing mobility efficiency.
  • In 2015, UPS, a leading parcel giant, ventured into Myanmar with its express delivery service. The express services facilitate businesses to deliver across and beyond Myanmar, with transit times between 1 and 3 business days across Asia, Europe, and the United States. In 2019, Thailand Post adopted a pilot program to deliver parcels through electric vans to reduce its carbon footprint and aims to transform its deliveries through electric fleets by 2050. Also, DHL aims to increase its EV fleet in Thailand to 71 by 2023.

ASEAN Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry. Indonesia, Malaysia, Philippines, Thailand, Vietnam are covered as segments by Country.

  • In 2022, the domestic segment of the ASEAN courier, express, and parcel market made a contribution of 68.91% to the revenue generated, while the international segment contributed a share of 31.09% of the revenue generated. The main driver is booming e-commerce in Vietnam, Thailand, Indonesia, and Malaysia. Domestic and international segments are projected to grow by 14.62% YoY and 19.66% YoY, respectively, in 2023.
  • The logistics venture of Capital A Berhad, Teleport, raised USD 50 million in 2022 to support the extension of its cross-border delivery capabilities in all key Southeast Asian markets. The goal is to add additional freighters and build critical hubs in Indonesia, the Philippines, and Malaysia. The company also aims to invest in technology that would facilitate deliveries within 24 hours across the region. The company alone holds great potential for CEP growth as it quadrupled its intra-Southeast Asian market share in cargo volume from 2% in 2021 to 9% as of the third quarter of 2022. It also grew its e-commerce business by 600% YoY. The company serves three of the largest marketplaces that drive CEP market growth in Southeast Asia: Shopee, Lazada, and Zalora.
  • ASEAN's total market revenue from CEP delivery was USD 7.92 billion in 2019 and is expected to reach USD 16.91 billion by 2025, registering a 13.49% CAGR during 2020-2025. The B2B segment accounted for the largest share, with about 71% of market revenue in the same year, but the growth prospects of the B2C segment are expected to grow faster, with a 15.9% CAGR during 2020-2025 and a projected worth of USD 5.47 billion by 2025. In 2019, Indonesia's small parcel delivery services market accounted for almost 30% of the total ASEAN small parcel delivery revenues, followed by Malaysia (18%) and Thailand (17%).
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
Country
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Rest of ASEAN
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ASEAN Courier, Express, and Parcel (CEP) Market Size Summary

The ASEAN Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the surge in e-commerce activities across countries like Vietnam, Thailand, Indonesia, and Malaysia. The domestic segment dominates the market, contributing a substantial portion of the revenue, while the international segment also shows promising growth. Companies like Teleport are expanding their cross-border delivery capabilities, investing in technology and infrastructure to enhance delivery efficiency across Southeast Asia. The region's logistics landscape is evolving, with initiatives to strengthen air and road delivery networks, such as the development of cargo villages and the adoption of electric vehicles for sustainable transportation.

The market is moderately consolidated, with major players like DHL Group, FedEx, J&T Express, Ninja Logistics, and SF Express holding significant market shares. The B2B segment currently leads in revenue, but the B2C segment is poised for faster growth, fueled by increasing online shopping activities. Infrastructure developments, such as new railways and airport enhancements, are expected to further boost the CEP market. However, rising fuel costs and logistics expenses remain challenges, impacting freight rates and operational costs. Despite these challenges, the market's growth trajectory is supported by strategic investments and partnerships aimed at improving service delivery and expanding market reach.

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ASEAN Courier, Express, and Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

    7. 1.7 Country

      1. 1.7.1 Indonesia

      2. 1.7.2 Malaysia

      3. 1.7.3 Philippines

      4. 1.7.4 Thailand

      5. 1.7.5 Vietnam

      6. 1.7.6 Rest of ASEAN

ASEAN Courier, Express, and Parcel (CEP) Market Size FAQs

The ASEAN Courier, Express, and Parcel (CEP) Market size is expected to reach USD 15.45 billion in 2024 and grow at a CAGR of 7.24% to reach USD 23.51 billion by 2030.

In 2024, the ASEAN Courier, Express, and Parcel (CEP) Market size is expected to reach USD 15.45 billion.

ASEAN Courier, Express, and Parcel (CEP) Market Report Snapshots

ASEAN Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030