Market Size of China Domestic Courier, Express, and Parcel (CEP) Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Domestic Courier, Express & Parcel Market Analysis
The Chinese courier, express, and parcel (CEP) market is expected to record a CAGR of over 8% during the forecast period 2022-2027.
Due to the COVID-19 pandemic, several express firms in China were unable to operate regularly from January to February 2020. The transportation restriction of express companies reverted to normal at the beginning of March 2020. Significant corporate organizations have become prepared to fight the COVID-19 pandemic's detrimental impact. For example, in the first quarter of 2020, SF Express sold 1.7 billion express tickets. The organization's sales revenue increased to USD 4.8 billion.
China remains the Parcel Shipping Index's powerhouse. In 2020, China shipped more than 83 billion parcels, increasing 31% from 64 billion in 2019. This equated to 2643 parcels each second or approximately 228 million per day.
The rise of e-commerce platforms like Alibaba has been one of the key factors in the development of the courier, express, and parcel (CEP) sector in China even before the boost provided by the COVID-19 pandemic.
China Domestic Courier, Express & Parcel Industry Segmentation
Courier, express, and parcel (CEP) refer to the collection of services that involves the delivery of various goods and products through different mediums such as air, water, and land across regions. These packages delivered by CEP are mainly non-palletized and weigh around a hundred pounds collectively. The Chinese domestic courier, express, and parcel market is segmented by business model (business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C)), type (e-commerce and non e-commerce), and end user (service, wholesale and retail trade, healthcare, industrial manufacturing, and other end users). The report offers size and forecasts for the Chinese domestic courier, express, and parcel market in value (USD billion) for all the above segments. The impact of the COVID-19 pandemic will also be covered in the report.
| By Business Model | |
| Business-to-Business (B2B) | |
| Business-to-Customer (B2C) | |
| Customer-to-Customer (C2C) |
| By Type | |
| E-commerce | |
| Non E-commerce |
| By End User | |
| Services | |
| Wholesale and Retail Trade | |
| Healthcare | |
| Industrial Manufacturing | |
| Other End Users |
China Domestic Courier, Express, and Parcel (CEP) Market Size Summary
The Chinese domestic courier, express, and parcel (CEP) market is experiencing robust growth, driven by the surge in e-commerce and technological advancements. The sector has shown resilience despite challenges posed by the COVID-19 pandemic, with companies quickly adapting to maintain operations. The rise of e-commerce giants like Alibaba has significantly contributed to the market's expansion, particularly in smaller cities where online shopping is becoming increasingly popular. These cities are witnessing a shift towards digital retail, fueled by the growing middle-income population seeking affordable consumer goods. The government's initiatives to enhance internet connectivity, such as the rollout of 5G networks, are expected to further boost the e-commerce landscape, thereby propelling the CEP market's growth.
The Chinese CEP market is characterized by its competitive nature, with a mix of global and local players vying for market share. Key players include China Post, SF Express, and YTO Express, among others, while new entrants like J&T Express and Lalamove are also making their mark. The market's fragmentation is intensified by the presence of multinational companies with advanced infrastructure, leading to a highly competitive environment. Companies are investing in innovative technologies, such as parcel tracking and click-and-collect systems, to enhance their service offerings. Strategic collaborations and technological advancements, such as the use of self-driving trucks, are being pursued to improve logistics operations and expand market reach.
China Domestic Courier, Express, and Parcel (CEP) Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Value Chain/Supply Chain Analysis
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1.3 Government Regulations and Initiatives
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1.4 Technological Trends and Automation
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1.5 Insights into China Postal and Mail Services
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1.6 Insights into the E-commerce Market
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1.7 Insights into Startups and Venture Capital Funding in the CEP Industry
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1.8 Elaboration on Storage Functions and Value-added Services in CEP Business
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1.9 Brief on Courier Rates
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1.10 Insights into Reverse Logistics and Same-day Delivery Market
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1.11 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Business Model
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2.1.1 Business-to-Business (B2B)
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2.1.2 Business-to-Customer (B2C)
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2.1.3 Customer-to-Customer (C2C)
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2.2 By Type
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2.2.1 E-commerce
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2.2.2 Non E-commerce
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2.3 By End User
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2.3.1 Services
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2.3.2 Wholesale and Retail Trade
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2.3.3 Healthcare
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2.3.4 Industrial Manufacturing
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2.3.5 Other End Users
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China Domestic Courier, Express, and Parcel (CEP) Market Size FAQs
What is the current China Domestic Courier, Express, and Parcel (CEP) Market size?
The China Domestic Courier, Express, and Parcel (CEP) Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in China Domestic Courier, Express, and Parcel (CEP) Market?
China Post, SF Express, YTO Express Group Co. Ltd, Deppon Logistics Co. Ltd and STO Express Co. Ltd are the major companies operating in the China Domestic Courier, Express, and Parcel (CEP) Market.
