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

The Thailand Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the expansion of e-commerce. The increasing demand for delivery services, particularly in sectors such as electronics, food and beverages, and DIY products, is contributing to the market's expansion. The domestic segment is witnessing rapid growth in business-to-business e-commerce, supported by advancements in internet and mobile technology. Additionally, the rise in domestic e-commerce sellers and the substantial share of cross-border e-commerce further enhance the market's potential. Major e-commerce platforms with robust logistics are facilitating this growth, positioning the CEP market for continued expansion in the coming years.

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

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Thailand Courier, Express, and Parcel (CEP) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 2.63 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 3.99 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Destination Domestic
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 7.20 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Destination International

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

Key Players

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

The Thailand Courier, Express, and Parcel (CEP) Market size is estimated at 2.63 billion USD in 2024, and is expected to reach 3.99 billion USD by 2030, growing at a CAGR of 7.20% during the forecast period (2024-2030).

2.63 Billion

Market Size in 2024 (USD)

3.99 Billion

Market Size in 2030 (USD)

4.38 %

CAGR (2017-2023)

7.20 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

8.31 %

Projected CAGR, Express, 2024-2030

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Express delivery service is growing rapidly due to the expansion of air delivery services and the introduction of more fast, convenient, and affordable delivery services.

Fastest Growing Market by Model

9.35 %

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

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E-commerce, specifically mobile e-commerce in the country, is a major facilitator for the growth of the B2C model that generates significant delivery demand.

Largest Market by Shipment Weight

57.95 %

value share, Light Weight Shipments, 2023

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Delivery of online orders for goods like groceries and fashion items is leading the segment's growth in the country.

Largest Market by End User Industry

35.06 %

value share, E-Commerce, 2023

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Thailand is one of the most rapidly growing countries in terms of internet and mobile usage, generating domestic and international delivery demand.

First Leading Market Player

17.55 %

market share, DHL Group, 2022

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DHL offers Same Day services, which provides fast collection and door-to-door delivery. Also, DHL Express Thailand operates 71 electric vehicles in Thailand.

Domestic segment is dominating largely due to demand from B2B e-commerce and other e-commerce segments

  • E-commerce was a major driver for the growth of the domestic and international CEP markets in 2022. Electronics , personal and household, food and beverages and toys, hobby & DIY products were major CEP delivery demand generators . Owing to growing e-commerce and increasing demand, the CEP value is projected to register a CAGR of 6.56% during 2023-2029.
  • Under the domestic segment, business-to-business (B2B) e-commerce in Thailand is growing rapidly due to internet development and mobile transformation. The sectors utilizing e-commerce platforms to increase productivity in 2021 included food, comprising mainly the grocery and service sectors, with 31%, manufacturing with 16%, and retail and wholesale with 15%. There is significant demand for e-commerce services from Bangkok and other provinces, such as Nonthaburi and Chonburi. All these factors combined are significantly boosting the CEP market in Thailand.
  • An increase in domestic e-commerce sellers would potentially boost the volume of e-commerce sales in the country. Cross-border e-commerce consumes almost 32% of the overall e-commerce market in Thailand. The top three overseas sales destinations for Thai products are China, Japan, and the United States. This balance may shift as domestic Thai merchants are looking to capitalize on the opportunities of having a digital sales presence. As of 2021, the top five e-commerce sites were Shopee, Lazada, Kaidee, AliExpress, and Amazon, all seller platforms with advanced logistics and delivery infrastructure. The value of the international CEP market is projected to register a CAGR of 6.80% during 2023-2029.
Thailand Courier, Express, and Parcel (CEP) Market

Thailand 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.

  • E-commerce was a major driver for the growth of the domestic and international CEP markets in 2022. Electronics , personal and household, food and beverages and toys, hobby & DIY products were major CEP delivery demand generators . Owing to growing e-commerce and increasing demand, the CEP value is projected to register a CAGR of 6.56% during 2023-2029.
  • Under the domestic segment, business-to-business (B2B) e-commerce in Thailand is growing rapidly due to internet development and mobile transformation. The sectors utilizing e-commerce platforms to increase productivity in 2021 included food, comprising mainly the grocery and service sectors, with 31%, manufacturing with 16%, and retail and wholesale with 15%. There is significant demand for e-commerce services from Bangkok and other provinces, such as Nonthaburi and Chonburi. All these factors combined are significantly boosting the CEP market in Thailand.
  • An increase in domestic e-commerce sellers would potentially boost the volume of e-commerce sales in the country. Cross-border e-commerce consumes almost 32% of the overall e-commerce market in Thailand. The top three overseas sales destinations for Thai products are China, Japan, and the United States. This balance may shift as domestic Thai merchants are looking to capitalize on the opportunities of having a digital sales presence. As of 2021, the top five e-commerce sites were Shopee, Lazada, Kaidee, AliExpress, and Amazon, all seller platforms with advanced logistics and delivery infrastructure. The value of the international CEP market is projected to register a CAGR of 6.80% during 2023-2029.
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
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Thailand Courier, Express, and Parcel (CEP) Market Size Summary

The Thailand Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven primarily by the surge in e-commerce activities. The domestic and international CEP sectors are expanding due to increased demand for delivery services in various sectors such as electronics, food and beverages, and household goods. The rapid development of internet infrastructure and mobile technology has further fueled the growth of business-to-business e-commerce, particularly in urban areas like Bangkok and surrounding provinces. The market is also benefiting from the rise in cross-border e-commerce, with Thai products being exported to key markets such as China, Japan, and the United States. The logistics sector, a crucial component of the CEP market, is being bolstered by substantial government investments in transportation infrastructure, including roads, railways, and ports, aimed at enhancing the efficiency and competitiveness of supply chains.

The CEP market in Thailand is moderately consolidated, with major players like DHL Group, FedEx, Flash Express, J&T Express, and Thailand Post dominating the landscape. These companies are actively expanding their service networks and enhancing delivery capabilities through strategic partnerships and technological advancements. The market's growth trajectory is supported by the increasing volume of e-commerce sales and the expansion of logistics facilities, which are expected to make supply chains more reliable across various industries. Despite challenges such as fluctuating fuel prices and economic pressures, the CEP market is poised for continued expansion, driven by the ongoing digital transformation and the growing importance of international trade services.

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Thailand 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

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

The Thailand Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.63 billion in 2024 and grow at a CAGR of 7.20% to reach USD 3.99 billion by 2030.

In 2024, the Thailand Courier, Express, and Parcel (CEP) Market size is expected to reach USD 2.63 billion.

Thailand CEP Market Report Snapshots

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