Market Size of India Domestic Courier, Express, and Parcel (CEP) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Domestic Courier Express & Parcel Market Analysis
The Indian domestic courier, express, and parcel (CEP) market is estimated to register a CAGR of more than 15% during the forecast period. The increasing consumer preference for shopping online through various e-commerce portals also boosts the market growth.
- The COVID-19 pandemic impacted every sector. However, the pandemic accelerated online purchasing, positively impacting the domestic CEP industry's growth and increasing its market share. E-commerce stores in India were collaborating with courier service providers to deliver their products across domestic locations. Additionally, technological advancements, including using digital technologies with crowdsourced delivery models, created a positive outlook for the market in India. The growing e-commerce sector, along with the growing cross-border trade, was one of the key factors driving the growth of the domestic CEP market. The domestic CEP market was expected to grow and hold a significant share during the forecast period, driven by the B2C e-commerce boom.
- India has been becoming a significant domestic shipment market, with significant companies entering and expanding networks in the market. Innovation has become critical for organizations to consider market trends and dynamics seriously. Digitizing the economy and providing cheap internet to people are a few reasons that boosted digital sales growth in India.
India 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 collectively weigh around a hundred pounds.
The India Domestic Courier, Express, and Parcel (CEP) Market is segmented by business model (Business-to-Business [B2B], Business-to-Customer [B2C], 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 the market size and forecasts in value (USD billion) for all the above segments.
| Business Model | |
| Business-to-Business (B2B) | |
| Business-to-Customer (B2C) | |
| Customer-to-Customer (C2C) |
| Type | |
| E-commerce | |
| Non-e-commerce |
| End User | |
| Services (includes BFSI (Banking, Financial Services and Insurance), etc.) | |
| Wholesale and Retail Trade | |
| Life Sciences/ Healthcare | |
| Industrial Manufacturing | |
| Other End Users |
India Domestic Courier, Express, and Parcel (CEP) Market Size Summary
The Indian domestic courier, express, and parcel (CEP) market is experiencing significant growth, driven by the surge in e-commerce activities and technological advancements. The shift in consumer behavior towards online shopping, accelerated by the COVID-19 pandemic, has led to increased collaboration between e-commerce platforms and courier service providers. This has resulted in a positive outlook for the market, with digital technologies and crowdsourced delivery models enhancing service efficiency. The expansion of cross-border trade and the burgeoning e-commerce sector, particularly the B2C segment, are key factors propelling the market's growth. As India becomes a major player in domestic shipments, companies are focusing on innovation and digital integration to meet evolving consumer demands for personalized and seamless logistics experiences.
The logistics ecosystem in India is evolving with the adoption of advanced technologies like AI, IoT, and Big Data, which are being used to gain insights into consumer preferences and enhance service delivery. The Direct-to-Consumer (D2C) model is gaining traction, with more brands seeking comprehensive logistics and fulfillment solutions. The pandemic has also led to a preference for contactless services, which are becoming standard in the industry. The growth of e-commerce, particularly in sectors like fashion, groceries, and consumer electronics, is supported by improved IT infrastructure and government policies encouraging foreign investment. Major players in the market, such as Blue Dart, DHL Express, Delhivery, and FedEx, are expanding their operations and investing in infrastructure to capitalize on the market's growth potential.
India 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 Technological Trends
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1.3 Government Regulations
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1.4 Overview of the Logistics and Warehousing Market in India
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1.5 Brief on India Freight Forwarding Market
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1.6 Spotlight on India E-commerce Sector (Commentary on Domestic E-commerce)
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1.7 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and on the Economy)
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2. MARKET SEGMENTATION
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2.1 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 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 End User
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2.3.1 Services (includes BFSI (Banking, Financial Services and Insurance), etc.)
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2.3.2 Wholesale and Retail Trade
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2.3.3 Life Sciences/ Healthcare
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2.3.4 Industrial Manufacturing
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2.3.5 Other End Users
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India Domestic Courier, Express, and Parcel (CEP) Market Size FAQs
What is the current India Domestic Courier, Express, and Parcel (CEP) Market size?
The India Domestic Courier, Express, and Parcel (CEP) Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)
Who are the key players in India Domestic Courier, Express, and Parcel (CEP) Market?
Instakart Services Private Limited , Blue Dart Express Limited , DHL Express (India) Private Limited , Delhivery Private Limited and FedEx Express are the major companies operating in the India Domestic Courier, Express, and Parcel (CEP) Market.
