Italy Courier, Express & Parcel (CEP) Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Italy Courier, Express & Parcel (CEP) Market Analysis

The Italy Courier, Express, And Parcel (CEP) Market size is expected to grow from USD 9.60 billion in 2023 to USD 14.41 billion by 2028, at a CAGR of 8.46% during the forecast period (2023-2028).

The market is driven by the growth in e-commerce, especially the boom in e-retail fuelled by the pandemic situation. Furthermore, increasing parcel volume throughout the country is also propelling the market growth.

• Italy's economy is one of the largest in the European Union. Its economy is largely service and manufacturing-based. Over three-quarters of the overall GDP is generated by the services sector, which employs roughly 65% of the country's workers. The service industry is primarily supported by wholesale, retail sales, e-commerce sales, and transportation. In terms of absolute value, Italy is the first beneficiary of the two main NGEU (Next Generation European Union Plan) instruments, the Recovery, Resilience Facility (RRF), and the Recovery Assistance for Cohesion and European Territories (REACT-EU). The sole RRF allots USD 194.38 billion in resources between 2021 and 2026, with 69.94 billion in non-refundable grants. Italy also plans to fully utilize its funding capability through the RRF loans, which are expected to be worth USD 124.44 billion.
• The limited mobility of the community has created an opportunity for courier and logistics companies in the country. Mobility constraints, as well as consumers' desire to avoid as much human contact as possible, have increased overall online shopping. Because online grocery shopping is still uncommon in Italy compared to other European markets, the sudden increase in demand has put a strain on the ability of local e-commerce platforms to fulfil orders. This market has experienced tremendous growth even during the pandemic as the internet retail sector experienced a boom. With increasing internet penetration in Italy and social distancing norms, the population prefers to order online, and even food delivery services have experienced a growth in demand.
• A key factor driving the growth of the market studied has been the growth of internet retail. This has acted both as a driver of volumes and innovations, such as defined timeslots, the ability to make changes to deliveries, a broader range of communication methods, and the establishment of parcel shops and parcel lockers as pick-up/drop-off locations. Italy is among the top three countries with the highest estimated holiday spending, together with the United Kingdom and Spain. With e-commerce growing during the pandemic, the sector suffered a minimum impact compared to other sectors. The share of the population aged six years and older using the internet in Italy exceeded 74.3% in 2021, increasing twofold since 2006. Moreover, e-commerce users in Italy were approximately 35 million in 2021 and are expected to reach 40 million by 2027.
• As per the industry report, in 2021, the revenue of the e-commerce sector in Italy hit USD 64.93 billion, an unprecedented increase from a year earlier, when it amounted to roughly USD 48.70 billion. While parcel volumes keep rising, carriers have been racing to keep up with competition and consumer demand, delivering innovative new customer experiences, digitalizing technologies, and investing in infrastructure, all while generating sustainable revenues. With the growing parcel delivery market, many start-ups have entered the market studied in the past few years. Many companies have been using automation and blockchain technologies to streamline their supply chain and delivery process.
• While parcel volumes keep rising, carriers have been racing to keep up with competition and consumer demand, delivering innovative new customer experiences, digitalizing technologies, and investing in infrastructure, all while generating sustainable revenues. With the growing parcel delivery market, many start-ups have entered the market studied in the past few years. Many companies have been using automation and blockchain technologies to streamline their supply chain and delivery process. RFID tracking and delivery time scheduling by customers and some of the newer initiatives in the market. The last-mile parcel delivery growth is another factor for growth in parcel volumes. Due to the increasing partnerships and technological upgrades, customers have experienced faster delivery times, hence, preferring private parcel company delivery services to traditional postal operator delivery services.

Italy Courier, Express & Parcel (CEP) Market Trends

This section covers the major market trends shaping the Italy Courier, Express & Parcel Market according to our research experts:

Booming internet retail (E-Commerce) in Italy driving the CEP Market

Italy Courier, Express & Parcel (CEP) Industry Segmentation

Courier, Express, and Parcel (CEP) refer to the collection of services that involves the delivery of various goods and products through different mediums such as air, water, and land across regions. These packages delivered by CEP are mainly non-palletized and collectively weigh around a hundred pounds. A complete background analysis of the Italy Courier, Express, and Parcel (CEP) Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The Italy Courier, Express, And Parcel (CEP) Market is Segmented By Destination (Domestic, International), By Business (B2B (Business-to-Business), B2C (Business-to-Consumer)), and By End User (Services (BFSI (Banking, Financial Services, and Insurance), Wholesale and Retail Trade, Lifesciences/ Healthcare, Industrial Manufacturing, and Other End-users). The report offers market size and forecasts in value (USD billion) for all the above segments.