The total CEP market in India is valued at USD 4.29 billion by the start of 2019 with the domestic market holding up the major share. The revenue generated by the domestic CEP market has amounted to USD 3.14 billion by the start of the year 2019, which is approximately 73% of the total revenue generated by the Indian CEP market.
The domestic CEP market is likely to witness the growth and hold the major share during the forecast period driven by the B2C e-commerce boom. Digitizing the economy and providing cheap internet to the people are a few of many reasons that boosted the growth of digital sales in India. In 2018, e-commerce sales across India were estimated to increase by 25 percent.
As B2C e-commerce demand continues to grow, the role of last-mile logistics has taken the spotlight with several investments and start-ups seen in India. Increasing demand for speed of delivery and expanding internet penetration leading to a greater number of regions active online has led to a significant rise in the last mile market in recent years.
