Global size of the courier, express and parcel (CEP) market 2009-2024

In 2020, the global courier, express and parcel market is expected to be worth 375.5 billion euro.

Global courier, express and parcel (CEP) market

As the customer needs change with the economic evolution, the market responds to particular changes to create new opportunities. The introduction of courier, express and parcel (CEP) services is an example of this development in the logistics and transportation industry. In simple terms, the CEP market provides traditional postal services faster and more reliable. In 2018, DHL, FedEx and UPS made up 91 percent of the courier and local delivery service market share globally. Although three firms are the major market dominants, the global logistics industry is highly competitive. Firms providing logistics and transportation services are subject to a multitude of trade policies which could favor some companies over the others to provide the same service. Therefore, logistics and transportation firms face challenges in keeping a stable revenue growth path.

Deutsche Post DHL

Deutsche Post DHL is a major German logistics and transportation firm and a leading company in the world with a progressive growth strategy to sustain its market position. Acquiring the DHL company was one of the main strategies of the Deutsche Post to improve its market dominance. Now DHL is a division of Deutsche Post providing global CEP services mostly. Between 2006 and 2020, the revenue of Deutsche Post DHL fluctuated around 60 billion euros, generating 66.8 billion euros in 2020. In that year, just over 19.8 billion euros of Deutsche Post DHL was generated from its operations in Germany and roughly 13 billion euros from its operations in the Americas region.The total assets of Deutsche Post DHL grew at a steady pace since 2009, reaching 55.3 billion euros in 2020.