Spain Courier, Express, and Parcel (CEP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Spain Courier, Express, and Parcel (CEP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The growing e-commerce segment and the rising economy in the country have helped the Spain courier, express, and parcel market to expand further during the study period. the growing internet retail has acted both as a transaction volume driver and the innovation such as the ability to make changes to deliveries, defined time-slots, a broader range of communication methods to the establishment of parcel shops, and parcel lockers at pick up and drop-off locations. With internet retail growth forecasts to continue, the CEP market is anticipated to create further opportunities for the key market players to expand their cross boarder and last-mile deliveries. The growing recognition for same-day and one-day deliveries is also forecasted to drive the market growth especially the B2C segment of the market. These trends are also driving the market and the key players to invest in technology and resource expansion. Same-day deliveries demand a more structured framework and effective planning tools. The key market players in the country are focusing on addressing the dynamic customer needs in a competitive way to expand their market share and to retain their customers and to attract more customer base to sustain the changing market dynamics.

Key Market TrendsLast-Mile Delivery Services Driving the Growth of B2C Segment of the Market

With the expanding internet-based sales, the B2C segment has started to grab a considerable share of the market during the study period and this trend is anticipated to grab a larger share during the forecast period owing to the highest customer base it addresses. The B2B segment has also been growing but at a limited pace and is forecasted to continue the same pace during the forecast period. The internationalization of e-commerce is anticipated to drive domestic and international standard volume transactions with the strengthening of cross-border deliveries which have been registering a growing number of transactions with the neighboring countries.

Growing e-commerce Sector is Driving the Market

The e-commerce industry in Spain was worth almost EUR 28 billion during 2018, which was constantly on the rise for a longer period. The e-commerce industry was one of the few sectors that experienced double-digit growth during the 2011 - 2012 period where majority industries struggled to record growth numbers. As of 2019, there were more than 26 million e-commerce users in Spain and their purchases were dominated by fashion product purchases followed by consumer electronics and books. This growing trend also drove the B2C segment of the market marking increasing market share of the market segment.

Competitive Landscape

Spain 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.

Additional Benefits:

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

Companies Mentioned
 
Sociedad Estatal de Correos y Telegrafos, S.A (Correos)
SEUR
DHL
UPS
FedEx
MRW
General Logistics Systems B.V. (GLS)
Asendia Management SAS
Other Companies*

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