Report Overview

Thriving e-commerce, globalization of trade, business-to-business (B2B) efficiency, and rapid urbanization and population growth are expected to drive the India Courier, Express and Parcel (CEP) Market during the forecast period between 2024 and 2030.

India Courier, Express and Parcel (CEP) Market – Industry Trends & Forecast Report, 2030

The India Courier, Express and Parcel (CEP) Market size by value was estimated at USD 7.86 billion in 2023. During the forecast period between 2024 and 2030, the India Courier, Express and Parcel (CEP) Market size is projected to grow at a CAGR of 7.25% reaching a value of USD 13.94 billion by 2030. Prominent drivers of the market are the increasing urbanization, e-commerce boom, and rising technological innovations. The COVID-19 pandemic highlighted India's importance for domestic and international shipments.

By volume, the India Courier, Express and Parcel (CEP) Market size was estimated at 4.4 billion units in 2023. During the forecast period between 2024 and 2030, the India Courier, Express and Parcel (CEP) Market size is projected to grow at a CAGR of 7.09% reaching the volume of 5.2 billion units by 2030. GST implementation has streamlined logistics by unifying indirect taxes, enhancing product movement. Continuous high growth of e-commerce and the high cost of infrastructure are prompting more collaborations within the industry. Also, the rising demand for efficient last-mile delivery solutions is driving companies to adopt innovative approaches to stay competitive.

Courier, Express and Parcel (CEP) – Overview

The Courier, Express, and Parcel (CEP) market is a vital segment of the logistics industry, focusing on the swift delivery of parcels and documents. It includes courier services for rapid, door-to-door delivery within local or regional areas, express services that guarantee time-sensitive deliveries like next-day or same-day arrivals, and parcel services for larger packages that require reliable and trackable delivery. Serving both B2B (business-to-business) and B2C (business-to-consumer) markets, CEP services are crucial for the efficient operation of e-commerce and global trade, ensuring timely and secure transportation of goods across various distances and timeframes.

India Courier, Express and Parcel (CEP) Market

Growth Drivers

Increasing E-commerce

E-commerce is a significant driver of market growth, fueled by rapid development in India's online market, rising disposable income, and deepening internet penetration. As a result, BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India E-commerce Market size by value at USD 225.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India E-Commerce Market size to expand at a CAGR of 11.38% reaching a value of USD 303.11 billion by 2030. India is among the fastest-growing parcel shipment markets.  Strategic initiatives by key market players, such as Delhivery's launch of a consumer-to-consumer (C2C) express parcel service and its acquisition of Spoton Logistics to enhance the B2B segment, are expected to boost the growth of the India Courier, Express, and Parcel (CEP) Market. Rapid industrialization and cross-border trade in the post-COVID era will further drive demand. However, high operating costs remain a challenge. Deepening penetration of internet, especially with initiatives like Jio's Gigafiber, will likely support the expanding e-commerce sector.

Challenges

Rising Fuel Prices

Rising fuel prices are restraining the growth of the India Courier, Express, and Parcel (CEP) Market. Higher fuel costs increase operational expenses for logistics companies, leading to higher shipping rates and reduced profit margins. This financial strain impacts the overall market growth by making services more expensive for consumers and businesses alike, potentially slowing down the expansion of the CEP sector.

Impact of Escalating Geopolitical Tensions on India Courier, Express and Parcel (CEP) Market

Geopolitical tensions can have a multifaceted impact on the India Courier, Express and Parcel (CEP) Market. Heightened political unrest and conflict can disrupt transportation routes, delay deliveries, and increase security risks for shipments. Companies may face challenges in navigating unstable regions, leading to higher operational costs and logistical complexities. Additionally, trade restrictions or sanctions resulting from geopolitical tensions can hinder cross-border trade, limiting market access and impacting overall business profitability. As a result, uncertainty and volatility in geopolitical relations pose considerable challenges for the CEP market in India, necessitating strategic risk management and adaptation strategies.

India Courier, Express and Parcel (CEP) Market

Segmental Coverage

India Courier, Express and Parcel (CEP) Market – By Business

By business, the India Courier, Express and Parcel (CEP) Market is divided into B2B, B2C, and C2C segments. The B2B (Business-To-Business) segment holds the highest share in the India Courier, Express and Parcel (CEP) Market by business. It can be attributed to the extensive exchange of goods and services between businesses, necessitating frequent and reliable shipments of parcels and documents. B2B transactions typically involve larger volumes and higher frequency of deliveries compared to B2C (Business-To-Consumer) transactions. As a result, logistics providers catering to the B2B segment play a crucial role in facilitating supply chain operations, contributing significantly to the overall revenue and growth of the Indian CEP market. Meanwhile, the B2C (Business-To-Consumer) segment is expected to witness the fastest growth rate during the forecast period. The surge is driven by the increasing trend of online shopping and e-commerce activities, leading to rising demand for timely and efficient parcel deliveries directly to consumers' doorsteps.

India Courier, Express and Parcel (CEP) Market – By Destination

Based on destination, the India Courier, Express and Parcel (CEP) Market is split into Domestic and International segments. The domestic segment holds a higher share in the India Courier, Express and Parcel (CEP) Market by destination. The dominance stems from the country's vast geographical spread and high population density, necessitating extensive domestic logistics operations. Additionally, the burgeoning domestic e-commerce sector has fueled demand for parcel deliveries within India. Improved infrastructure and connectivity networks further contribute to the appeal of the domestic CEP market segment compared to international destinations.

India Courier, Express and Parcel (CEP) Market – By End User

Based on end user, the India Courier, Express and Parcel (CEP) Market is divided into Services, Wholesale & Retail, Manufacturing, Construction & Utilities, and Primary Industries segments.

India Courier, Express and Parcel (CEP) Market – By Mode of Transport

Based on mode of transport, the India Courier, Express and Parcel (CEP) Market is divided into Railways, Airways, Roadways, and Waterways segments. The roadways segment holds the highest share in the India Courier, Express and Parcel (CEP) Market by mode of transport. In 2021, road transportation services accounted for over INR 3 trillion (USD 36.3 billion) in GVA (Gross Value Added), although there was a slight decrease from the previous fiscal year. This sector plays a crucial role in facilitating the smooth movement of goods and services domestically and internationally. Over 50% of freight and 90% of passenger traffic in India are handled by roads, driven by government and private investments, rising exports, and the growing FMCG sector. Infrastructure advancements, including improved rail transportation, have further bolstered the transportation industry, making India a major manufacturing hub in Asia.

India Courier, Express and Parcel (CEP) Market – By Region

Geographically, the India Courier, Express and Parcel (CEP) Market is divided into North India, South India, East India, and West India regions.

Competitive Landscape

Major players operating in India Courier, Express and Parcel (CEP) Market include Blue Dart Express Limited, DHL Express India, Delhivery Private Limited, FedEx Express, Ecom Express Private Limited, DTDC Express Limited, Gati, Safexpress Private Limited, Instakart Services Private Limited, and Xpressbees Logistics Private Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In November 2023 - Blue Dart and India Post partnered to introduce digital parcel lockers at post offices, enabling consignees to retrieve shipments conveniently without personal receipts. The initiative aims to enhance delivery options and security, allowing recipients to access packages anytime via assigned codes.

• In October 2023 - Ola introduced Ola Parcel, an all-electric on-demand delivery service in Bengaluru, aiming to electrify logistic services affordably.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2030
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	By Value - USD Billion
	By Volume - Billion Units
Market Coverage	India
Product/ Service Segmentation	Business, Destination, End User, Mode of Transport, Region
Key Players	Blue Dart Express Limited, DHL Express India, Delhivery Private Limited, FedEx Express, Ecom Express Private Limited, DTDC Express Limited, Gati, Safexpress Private Limited, Instakart Services Private Limited, Xpressbees Logistics Private Limited

 

By Business

• B2B

• B2C

• C2C

By Destination

• Domestic

• International

By End User

• Services

• Wholesale & Retail

• Manufacturing

• Construction & Utilities

• Primary Industries

By Mode of Transport

• Railways

• Airways

• Roadways

• Waterways

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Courier, Express and Parcel (CEP) Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. E-commerce Boom
         2. Globalization of Trade
         3. Business-to-Business (B2B) Efficiency
         4. Urbanization and Population Growth
      2. Restraints
         1. Rising Fuel Prices
         2. Regulatory Hurdles
      3. Opportunity
         1. Investment in Infrastructure
         2. Advancement in Technology
      4. Challenges
         1. Environmental Concerns
         2. Last-Mile Delivery Challenges
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Courier, Express and Parcel (CEP) Market: Marketing Strategies
5. India Courier, Express and Parcel (CEP) Market: Pricing Analysis
6. India Courier, Express and Parcel (CEP) Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Business
         1. B2B
         2. B2C
         3. C2C
      2. By Destination
         1. Domestic
         2. International
      3. By End User
         1. Services
         2. Wholesale & Retail
         3. Manufacturing
         4. Construction and Utilities
         5. Primary Industries
      4. By Mode of Transport
         1. Railways
         2. Airways
         3. Roadways
         4. Waterways
      5. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Courier, Express and Parcel (CEP) Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Business
      2. By Destination
      3. By End User
      4. By Mode of Transport
8. South India Courier, Express and Parcel (CEP) Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Business
      2. By Destination
      3. By End User
      4. By Mode of Transport
9. East India Courier, Express and Parcel (CEP) Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Business
      2. By Destination
      3. By End User
      4. By Mode of Transport
10. West India Courier, Express and Parcel (CEP) Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Business
       2. By Destination
       3. By End User
       4. By Mode of Transport
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Courier, Express and Parcel (CEP) Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Geopolitical Tensions on India Courier, Express and Parcel (CEP) Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

Blue Dart Express Limited

DHL Express India

Delhivery Private Limited

FedEx Express

Ecom Express Private Limited

DTDC Express Limited

Gati

Safexpress Private Limited

Instakart Services Private Limited

Xpressbees Logistics Private Limited

13. 11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List Of Figures

Figure 1       India Courier, Express and Parcel (CEP) Segmentation     

Figure 2       India Courier, Express and Parcel (CEP) Market Value Chain Analysis   

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030  

Figure 5       India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030 

Figure 6       India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030 

Figure 7       India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030 

 

Figure 8       India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030

Figure 9       North India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030 

Figure 10     North India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030 

Figure 11     North India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030

Figure 12     North India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030 

Figure 13     North India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030     

Figure 14     South India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030 

Figure 15     South India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030 

Figure 16     South India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030

Figure 17     South India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030 

Figure 18     South India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030     

Figure 19     East India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030 

Figure 20     East India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030 

Figure 21     East India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030

Figure 22     East India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030 

Figure 23     East India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030     

Figure 24     West India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030 

Figure 25     West India Courier, Express and Parcel (CEP) Market Share, By Business, By Value, 2019–2030 

Figure 26     West India Courier, Express and Parcel (CEP) Market Share, By Destination, By Value, 2019–2030

Figure 27     West India Courier, Express and Parcel (CEP) Market Share, By End User, By Value, 2019–2030 

Figure 28     West India Courier, Express and Parcel (CEP) Market Share, By Mode of Transport, By Value, 2019–2030     

 

List of Tables

 

Table 1 India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030

Table 2 India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030

Table 3 India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030

Table 4 India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030

Table 5 India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030

Table 6 North India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030

Table 7 North India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030

Table 8 North India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030

Table 9 North India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030

Table 10      North India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030

Table 11      South India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030

Table 12      South India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030

Table 13      South India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030

Table 14      South India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030

Table 15      South India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030

Table 16      East India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030

Table 17      East India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030

Table 18      East India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030

Table 19      East India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030

Table 20      East India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030

Table 21      West India Courier, Express and Parcel (CEP) Market Size, By Value (USD Billion), 2019–2030

Table 22      West India Courier, Express and Parcel (CEP) Market Size, By Business, By Value, 2019–2030

Table 23      West India Courier, Express and Parcel (CEP) Market Size, By Destination, By Value, 2019–2030

Table 24      West India Courier, Express and Parcel (CEP) Market Size, By End User, By Value, 2019–2030

Table 25      West India Courier, Express and Parcel (CEP) Market Size, By Mode of Transport, By Value, 2019–2030

Table 26      Blue Dart Express Limited Company Overview

Table 27      Blue Dart Express Limited Financial Overview

Table 28      DHL Express India Company Overview

Table 29      DHL Express India Financial Overview

Table 30      Delhivery Private Limited Company Overview

Table 31      Delhivery Private Limited Financial Overview

Table 32      FedEx Express Company Overview

Table 33      FedEx Express Financial Overview

Table 34      Ecom Express Private Limited Company Overview

Table 35      Ecom Express Private Limited Financial Overview

Table 36      DTDC Express Limited Company Overview

Table 37      DTDC Express Limited Financial Overview

Table 38      Gati Company Overview

Table 39      Gati Financial Overview

Table 40      Safexpress Private Limited Company Overview

Table 41      Safexpress Private Limited Financial Overview

Table 42      Instakart Services Private Limited Company Overview

Table 43      Instakart Services Private Limited Financial Overview

Table 44      Xpressbees Logistics Private Limited Company Overview

Table 45      Xpressbees Logistics Private Limited Financial Overview