Courier, Express and Parcel (CEP) Market Forecast Report 2024-2029, with Profiles of FedEx, UPS, Deutsche Post, Singapore Post, Aramex, Parcelforce, DTDC Express, One World Express and Mor...
SINGAPORE POST UNSP/ADR (SPSTY)
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Company Research
Source: Yahoo! Finance
Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering. The courier, express, and parcel (CEP) market is projected to grow at a CAGR of 7.99% over the forecast period, from US$ 563.751 billion in 2024, and is expected to reach US$827.984 billion by 2029. The market is projected to grow at a significant pace with the growing urbanization and expanding middle-class population, especially in the emerging economies of the world. The growing mergers & acquisition (M&A) activities among the market players further provide an opportunity for extending the business's scope and burgeoning the market growth in the forecast period. The expanding e-commerce industry is propelling the market demand for CEP services. The growing national and international trade is further creating more opportunities for the market players to grow in the future. In addition, the rapid rise of online shopping leads to a rise in the requirement for productive delivery service opti
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