The powerful growth in the Chinese economy is resulting in a massive leap in demand for courier, express and parcel delivery (CEP) services. The volume of timesensitive freight in China is increasing by an average of 28 percent per annum. By comparison, global growth (at 10-15 percent) seems practically modest.
According to a study by the international strategy and technology consultants Booz Allen Hamilton, the Chinese express market is already set to break through the US$ 5.8 billion mark this year.
This is just under a 3 percent share in the global express market. Over the coming ten years, the experts at Booz Allen are predicting a fourfold increase of China express deliveries in global market share (to about 12 percent global market share).