Please Wait.....
Report
Asia-Pacific Courier, Express, and Parcel (Cep) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 150 Pages I Mordor Intelligence
The Asia-Pacific Courier, Express, and Parcel (CEP) Market is anticipated to register a CAGR of more than 6% over the forecast period.
Key Highlights
Asia-Pacific is the largest regional parcel market by value, accounting for more than 60% of the worldwide e-commerce market. The demand for CEP services in the Asia-Pacific region is expected to witness high growth during the forecast period, owing to the high population growth, rising disposable incomes and standards of living, and increased international trade.
As governments focus on developing the manufacturing sectors in the countries and global companies set up their manufacturing bases in the region, the country's international trade is growing. It is expected to continue growing in the future. The retail sector in the area is also increasing rapidly.
Both final consumers and industrial clients now anticipate receiving products more quickly, with greater flexibility, and for less money. Online shoppers don't seem to care who delivers their items as long as they do so quickly, affordably, and reliably, according to the B2C market. Customers want delivery options that are flexible in terms of when and where they receive their purchases. Free shipping has been a cornerstone of e-commerce sales for the past 20 years since Amazon introduced it. Customers now only accept a premium for expedited shipping and expensive goods since they have grown accustomed to receiving the free shipment. Customers want to pay the exact shipping costs regardless of the package size; hence dynamic pricing for parcels is undesirable.
China contributes to a significant share of the Asia-Pacific CEP market. The express delivery market of the country is the largest in the world and accounts for almost 40% of the total delivery volume across the globe. The Southeast Asia region is one of the emerging hotspots, attracting investments from across the world. E-commerce in the area is also expected to bolster the CEP market through the forecast period.
APAC CEP Market Trends
E-commerce Growth is Driving the Market
The Asia-Pacific (APAC) region is home to some of the most innovative, dynamic, and quick-moving e-commerce markets. Further, China, South Korea, and Indonesia have high levels of e-commerce adoption with significant growth potential through the forecast period.
Shopping is a fundamental aspect of Hong Kong culture, with many stores and malls dispersed around the city. Nevertheless, the pandemic's effects and recent technological developments have shown how Hong Kong's shopping scene is evolving and reaching new heights. In 2021, Hong Kong's estimated e-commerce revenue was close to USD 7.6 billion. It is expected that the money made from this thriving industry is still increasing and is expected to rise in the forecast period.
According to CNBC, for its annual retail feast, Singles Day, Alibaba saw an 8% increase in Gross Merchandise Volume (GMV) in 2021. The company made 540.3 billion yuan (USD 84.54 billion), the highest-ever sale recorded by the company in this event. However, the 8% growth rate marks the event's weakest year-over-year growth rate for Alibaba. The event began this year amid the confluence of two factors: a weakening economy and heightened regulatory scrutiny as authorities crack down on China's internet giants and excessive displays of wealth and consumption, which led to the decline in growth rate.
Increasing Parcel Demand in APAC region
China accounts for 59% of all shipments sent worldwide. However, despite the growing demand and volume, per-parcel delivery rates are low in China compared to other markets and are steadily declining. The average cost per parcel in 2021 was USD 1.82, a drop of 8.4% on average from the previous year. For comparison, China handles over three times as many packages as the USA, where the average price per package is USD 10.50. These highlights how intense the last-mile market competition has grown in China.
Australia is the world's 11th-largest e-commerce market. E-commerce accounted for 19.3% of all retail sales in 2021, with online expenditure increasing by 24% annually. E-commerce sales and parcel volume growth put pressure on carriers and posts to meet demand. In addition, Australia has a distinctive topography, with 86% of its people living in cities and towns on the country's periphery. Even though just a small portion of the country's total population resides in outer communities, the size of the country and the great distances separating them raises the cost of transportation making it more challenging to provide nationwide same-day delivery services.
APAC CEP Market Competitor Analysis
The Asia-Pacific CEP Market is fragmented, with many international and local CEP companies. As the demand for CEP services is increasing globally, especially in developing countries, companies are becoming more competitive to capture the enormous opportunity. The international players are making strategic investments to establish a regional logistics network, such as opening new distribution centers, intelligent warehouses, etc. In the Asia-Pacific region, international logistics companies like DHL, FedEx, and UPS are some of the more prominent players with a more significant market share than other regional logistics players. The domestic players in each country dominate the CEP market in the respective countries.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Value Chain / Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and Automation in APAC CEP Industry
4.5 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)
4.6 Insights on Startups, Venture Capital Funding in APAC CEP Industry
4.7 Brief on Courier Rates
4.8 Elaboration on Storage Functions and Value-added Services in CEP Business
4.9 Insights into the Reverse Logistics and Same-day Delivery Market
4.10 Insights into Deliveries during Festive Season (Christmas, Singles' Day, Black Friday, etc.)
4.11 Impact of COVID-19 on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitute Products
5.4.3 Bargaining Power of Buyers/Consumers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
6 MARKET SEGMENTATION (MARKET SIZE (2016-2025), GROWTH, TRENDS, AND FORECASTS)
6.1 By Business
6.1.1 B2B (Business-to-business)
6.1.2 B2C (Business-to-consumer)
6.2 By Destination
6.2.1 Domestic
6.2.2 International
6.3 By End User
6.3.1 Services (BFSI (Banking, Financial Services and Insurance))
6.3.2 Wholesale and Retail Trade (E-commerce)
6.3.3 Manufacturing, Construction, and Utilities
6.3.4 Primary Industries (Agriculture, and Other Natural Resources)
6.4 By Country
6.4.1 China
6.4.2 Japan
6.4.3 Australia
6.4.4 India
6.4.5 Singapore
6.4.6 Malaysia
6.4.7 Indonesia
6.4.8 Thailand
6.4.9 South Korea
6.4.10 Rest of Asia-Pacific
7 COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 Deutsche Post DHL Group
7.2.2 United Parcel Service Inc.
7.2.3 SF Express (Group) Co. Ltd
7.2.4 Australia Post
7.2.5 Yamato Holdings Co. Ltd
7.2.6 Blue Dart
7.2.7 Pos Malaysia Berhad
7.2.8 JNE Express
7.2.9 CJ Logistics
7.2.10 GD Express Sdn Bhd
7.2.11 Thailand Post
7.2.12 FedEx
7.2.13 Sagawa Express
7.2.14 Kerry Express
7.2.15 Toll Group*
7.3 Other companies (Key Information/Overview)
8 FUTURE OF THE MARKET
9 APPENDIX
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security