Asia Pacific CEP Market - Growth, Trends, and Forecasts (2020 - 2025)

• Asia Pacific CEP Market is estimated to grow at a CAGR of approximately 6% during the forecast period.
• Asia Pacific is the largest regional parcel market by value, accounting for around 42% of the global 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 growth in international trade. As the governments are focusing on developing the manufacturing sectors in the countries and the global companies are setting up their manufacturing bases in the region, the international trade of the countries is rising and is expected to rise further in the future. The retail sector in the region is also growing rapidly.
• China contributes to the major 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 world. The Southeast Asia region is one of the emerging hotspots, globally, attracting investments from across the world. E-commerce in the region is also expected to bolster in the next few years.

Key Market Trends

Growing E-Commerce in the region:

Asia is the fastest-growing region in the global e-commerce marketplace, accounting for the largest share of the world’s business-to-consumer e-commerce market. In 2019, China continues to lead the e-commerce market in the Asia Pacific with 61% of consumers shopping online whilst New Zealand and Japan is the smallest markets, lagging behind at 33% and 34% respectively. Asia’s stellar growth in e-commerce is not limited to China, as India, Japan, and South Korea are among the economies with the largest shares of e-commerce sales in retail sales worldwide

Express and Small parcels market size

Asia-Pacific has long been a major destination for multinational companies as supply chains have globalized and demand for Asian exports from Western countries has increased. When the region moves from an export-dependent to a consumer-driven economy, logistics dynamics have shifted. What was once an international supply chain dominated by air and ocean freight providers has evolved into an e-commerce-driven regional supply chain influenced by domestic express and small parcel suppliers. Unlike the US, the Asia-Pacific market is a fragmented and immature market struggling to meet huge demand. As a result, many retailers and providers of e-commerce have established their own logistics solutions.

Competitive Landscape

The Asia Pacific CEP Market is Fragmented, the market expected to grow during the forecast period due to rapid growth in the Asia Pacific region and many other factors are driving the market. Many international and local players are present in the market.

Reasons to Purchase this report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support