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ASEAN Domestic Courier Market Size

The ASEAN domestic courier market is experiencing significant growth, driven by the expanding e-commerce sector and increasing demand for express delivery services across various industries, including healthcare and manufacturing. The market's expansion is further fueled by the rising competition among numerous service providers, particularly in regions like Malaysia and Thailand, where e-commerce penetration is high. Despite challenges such as price adjustments due to inflation, the market is poised for positive growth, with a substantial increase in the number of courier licenses and service providers anticipated to meet the burgeoning demand.

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Market Size of asean domestic courier Industry

ASEAN Domestic Courier Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 9.91 Billion
svg icon Market Size (2030) USD 14.95 Billion
svg icon Largest Share by End User Industry E-Commerce
svg icon CAGR (2024 - 2030) 7.10 %
svg icon Largest Share by Country Indonesia
svg icon Market Concentration Low

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

Key Players

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ASEAN Domestic Courier Market Analysis

The ASEAN Domestic Courier Market size is estimated at 9.91 billion USD in 2024, and is expected to reach 14.95 billion USD by 2030, growing at a CAGR of 7.10% during the forecast period (2024-2030).

9.91 Billion

Market Size in 2024 (USD)

14.95 Billion

Market Size in 2030 (USD)

5.48 %

CAGR (2017-2023)

7.10 %

CAGR (2024-2030)

Fastest Growing Market by End User Industry

7.71 %

Projected CAGR, E-Commerce, 2024-2030

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Major e-commerce retailers in the region are moving toward AI and integrated logistics services, leading to rapid market growth.

Fastest Growing Market by Shipment Weight

7.31 %

Projected CAGR, Light Weight Shipments, 2024-2030

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Grocery delivery in countries like Vietnam and Thailand is driving the segment's growth. Companies are raising capital and forming partnerships to meet this increasing demand.

Largest Market by Shipment Weight

69.59 %

value share, Light Weight Shipments, 2023

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The demand for home delivery of groceries and personal care products is leading to various network and delivery expansion initiatives in the region.

Largest Market by End User Industry

35.26 %

value share, E-Commerce, 2023

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E-commerce has been developing due to increased population density and urbanization and the adoption of digitalization, thus generating domestic courier demand.

First leading Market player

19.08 %

market share, J&T Express, 2022

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

The e-commerce sector in the region grew at a CAGR of 37% during 2017-22, driving the growth of the market

  • Domestic courier services are becoming increasingly important in the e-commerce industry. The pandemic brought a drastic change in shopping behavior over the past years, shifting the shopping process worldwide toward online shopping. During 2017-2022, the e-commerce sector in the region registered a CAGR of 37.71%. The development of the e-commerce sector is expected to contribute to the growth of the domestic courier services market. Moreover, the demand for domestic couriers has been increasing as the luxury retail markets in Southeast Asia have been growing due to a combination of demographics, increasing wealth, and their rapid emergence from the COVID-19 pandemic.
  • The manufacturing sector requires scheduled delivery solutions for various purposes. Courier service for the manufacturing sector facilitates the collection of products, such as electronics and hardware, and delivers them to the main facility for processing. Some of the major courier players offering courier services for the manufacturing sector include Deutsche Post DHL Group, Vietnam Post Corporation (VNPost), Viettel Post, Two Four Seven Joint Stock Company (247Post), and Vietstar Express Joint Stock Company.
  • During 2017-2022, the medical devices market recorded a CAGR of 6.52% and reached USD 10.02 billion in 2022. The pandemic has also accelerated the region's demand for express delivery services for healthcare equipment. The growth of domestic courier services for medical devices in ASEAN is driven by a combination of increasing demand for healthcare services, advancements in logistics technology, and the growth of healthcare e-commerce. As a result, the ASEAN domestic courier market is expected to grow positively during the forecast period.
ASEAN Domestic Courier Market

Malaysia's courier services soar with e-commerce, expected 14.44% CAGR in domestic CEP by 2027

  • The flourishing e-commerce segment in Malaysia has driven significant growth in the local courier services industry, resulting in intense competition among more than 100 service providers operating in the market. As e-commerce user penetration is projected to reach 55% by 2027, the volume of domestic CEP services is also expected to register a CAGR of 14.44% from 2023 to 2027. Consequently, it is anticipated that there will be a substantial increase in the number of courier licenses issued and a rise in the number of domestic CEP service providers to meet the growing demand.
  • In 2020, most products from e-retailers in Thailand (71%) were delivered through their delivery services. Domestic carrier companies accounted for a 63.31% share, and Thailand Post held a 46.75% share. However, Thailand Post increased prices for domestic letter and parcel deliveries in 2022 after 18 years due to inflation. The domestic rates for the 1-2 kg weight bracket rose by 22%, and the delivery rate for letters up to 10 grams was fixed at THB 3 until the end of 2024. Despite these changes, the domestic CEP volume is projected to register a CAGR of 11.96% from 2023 to 2027.
  • The domestic CEP segment has experienced significant growth primarily driven by e-commerce. In 2020, the e-commerce segment saw a YoY increase of 57.76%, reaching USD 35.34 billion, mainly due to remote working and government-imposed social distancing regulations. This trend of online buying remained strong in 2021, with the e-commerce industry growing by 58.43% YoY and reaching USD 55.99 billion. The strong growth in the e-commerce industry is expected to continue during the forecast period and reach USD 88.54 billion by 2025.

ASEAN Domestic Courier Industry Segmentation

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

  • Domestic courier services are becoming increasingly important in the e-commerce industry. The pandemic brought a drastic change in shopping behavior over the past years, shifting the shopping process worldwide toward online shopping. During 2017-2022, the e-commerce sector in the region registered a CAGR of 37.71%. The development of the e-commerce sector is expected to contribute to the growth of the domestic courier services market. Moreover, the demand for domestic couriers has been increasing as the luxury retail markets in Southeast Asia have been growing due to a combination of demographics, increasing wealth, and their rapid emergence from the COVID-19 pandemic.
  • The manufacturing sector requires scheduled delivery solutions for various purposes. Courier service for the manufacturing sector facilitates the collection of products, such as electronics and hardware, and delivers them to the main facility for processing. Some of the major courier players offering courier services for the manufacturing sector include Deutsche Post DHL Group, Vietnam Post Corporation (VNPost), Viettel Post, Two Four Seven Joint Stock Company (247Post), and Vietstar Express Joint Stock Company.
  • During 2017-2022, the medical devices market recorded a CAGR of 6.52% and reached USD 10.02 billion in 2022. The pandemic has also accelerated the region's demand for express delivery services for healthcare equipment. The growth of domestic courier services for medical devices in ASEAN is driven by a combination of increasing demand for healthcare services, advancements in logistics technology, and the growth of healthcare e-commerce. As a result, the ASEAN domestic courier market is expected to grow positively during the forecast period.
Speed Of Delivery
Express
Non-Express
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Country
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Rest of ASEAN
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ASEAN Domestic Courier Market Size Summary

The ASEAN domestic courier market is experiencing significant growth, driven by the burgeoning e-commerce sector and the increasing demand for efficient logistics solutions. The shift towards online shopping, accelerated by the pandemic, has underscored the importance of domestic courier services in facilitating timely deliveries. This trend is further bolstered by the expansion of luxury retail markets in Southeast Asia, fueled by demographic changes and rising wealth. The manufacturing sector also plays a crucial role, requiring reliable courier services for the transportation of goods such as electronics and hardware. Key players in this space include Deutsche Post DHL Group, Vietnam Post Corporation, and Vietstar Express, among others. Additionally, the healthcare sector's demand for express delivery services has surged, propelled by advancements in logistics technology and the growth of healthcare e-commerce.

The market landscape is characterized by intense competition, particularly in Malaysia, where over a hundred service providers vie for market share. The domestic courier market in Thailand is also witnessing growth, despite recent price adjustments by Thailand Post due to inflation. The transportation and storage sector has seen substantial year-on-year growth, driven by increased demand for infrastructure and logistics services. However, rising fuel costs pose challenges, impacting freight rates and trucking capacity across the region. Efforts to enhance logistics infrastructure, such as Malaysia's development of a regional logistics hub and Thailand's urban rail network expansion, are expected to further stimulate market growth. The market remains fragmented, with major players like CJ Logistics Corporation, J&T Express, and SF Express holding significant shares.

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ASEAN Domestic Courier 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 Speed Of Delivery

      1. 1.1.1 Express

      2. 1.1.2 Non-Express

    2. 1.2 Shipment Weight

      1. 1.2.1 Heavy Weight Shipments

      2. 1.2.2 Light Weight Shipments

      3. 1.2.3 Medium Weight Shipments

    3. 1.3 End User Industry

      1. 1.3.1 E-Commerce

      2. 1.3.2 Financial Services (BFSI)

      3. 1.3.3 Healthcare

      4. 1.3.4 Manufacturing

      5. 1.3.5 Primary Industry

      6. 1.3.6 Wholesale and Retail Trade (Offline)

      7. 1.3.7 Others

    4. 1.4 Model

      1. 1.4.1 Business-to-Business (B2B)

      2. 1.4.2 Business-to-Consumer (B2C)

      3. 1.4.3 Consumer-to-Consumer (C2C)

    5. 1.5 Country

      1. 1.5.1 Indonesia

      2. 1.5.2 Malaysia

      3. 1.5.3 Philippines

      4. 1.5.4 Thailand

      5. 1.5.5 Vietnam

      6. 1.5.6 Rest of ASEAN

ASEAN Domestic Courier Market Size FAQs

The ASEAN Domestic Courier Market size is expected to reach USD 9.91 billion in 2024 and grow at a CAGR of 7.10% to reach USD 14.95 billion by 2030.

In 2024, the ASEAN Domestic Courier Market size is expected to reach USD 9.91 billion.

ASEAN Domestic Courier Market Report Snapshots

ASEAN Domestic Courier Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030