The courier, express, and parcel market in Sweden is anticipated to register around 3% CAGR during the forecast period (2020 - 2025) owning to the growing e-commerce business across the Nordic region followed by the changing lifestyles of people with increasing demand for deliveries across all business segments. E-commerce is becoming increasingly integrated into the retail business and vice versa and is developing at record speed and accounting for an ever-larger share of the total market and anticipated to become a natural part of the business environment in step with the changing role of the retail outlet itself. In parallel with this, majority business owners, brand manufacturers, retailers, and wholesalers are looking to new technology to provide new solutions and interfaces for adding value closer to the customer. Alongside the growth in B2C volumes is influencing the market growth and is driving it towards technological empowerment to standardize efficient time windows and interfaces for better tracking, in-flight diversion, and geo-location proof of delivery. Sweden's CEP market is largely dominated by the top 5 players who constitute the major market share. Post Nord which is one among the key market players delivered more than 2.9 billion shipments and letters and around 179 million parcels across the Nordic region to over 27 million residents and 2 million businesses.
Key Market Trends
Growing e-commerce is Driving the Market Growth
The majority of same-day delivery and the one-day deliveries of online shopping orders are the items in which consumers purchased groceries, pharmacy products, and various beauty products. These segments have been recording an increasing number of transactions and contributed to regular and recurrent purchases, which in turn also gets added to the share of people who shop online on a monthly basis. On the other dimension of the spectrum, the low-frequency yet capital-intensive purchases such as home appliances and furniture have been raising the average purchase transaction amount.
Consumer Goods, and House Utility Products Occupied a Major Share of the Products Delivered
With the growing internet shopping and the busy lifestyles of consumers the consumer goods, which they require in daily life have occupied a major share of the products that were delivered during the study period. These products also occupy a major part of B2C segment deliveries. The other segments that occupied frequent purchases were books and media along with beauty and health, apparel, vehicle accessories. The goods purchased on a weekly frequency were groceries, followed by children's toys and packed food. Altogether it is evident that the growing demand for frequently used items in daily life is capturing a small yet major share of the market in the transaction volume.
Competitive Landscape
Sweden Courier, Express, and Parcel (CEP) market is highly consolidated with the top 3 companies occupying a major share of the market. With the growing demand for CEP services in the country, the companies are becoming more competitive to capture the huge opportunity. The international players are making strategic investments to establish a regional logistics network, such as the opening of new distribution centers, smart warehouses, etc. The local companies are facing high competition with multinational companies that have a comparatively well-developed infrastructure.
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