The GCC Courier, Express And Parcel Market size is estimated at USD 10.12 billion in 2024, and is expected to reach USD 17 billion by 2029, growing at a CAGR of 10.94% during the forecast period (2024-2029).
The CEP market in the GCC is highly fragmented and competitive. Aramex, DP World, and Bahri are expanding their business all over the world to grab the untapped markets. The worldwide express and small parcel market continues to grow due to the e-commerce trend. The companies are looking to grow either organically or unorganized to enhance their products, services, and geographical scope. International companies are investing to build a regional logistics infrastructure, such as new distribution centers and smart warehouses. The local companies are facing stiff competition from multinational companies with well-developed infrastructure. Domestic companies still have the upper hand in the regional context.
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