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Courier and Local Delivery Services Market in US by Delivery Type and Parcel Type - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 121
  • SKU: IRTNTR70483
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The predicted growth of the courier and local delivery services market share in the US from 2021 to 2026 is USD 26.66 million at a progressing CAGR of 4.25%.

This courier and local delivery services market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The courier and local delivery services market in US report also offers information on several market vendors, including A1 Express Delivery Service Inc., AfterShip Ltd., ArcBest Corp., Courier Express, Deutsche Post DHL Group, FedEx Corp., LaserShip Inc., Life Science Outsourcing Inc., NAPAREX, PITT OHIO, Power Link Expedite Corp., Purolator Inc., Ryder System Inc., Spee-Dee Delivery Service Inc., Target Corp., Uber Technologies Inc., United Parcel Service Inc., US Cargo, XPO Logistics Inc., and Royal Mail Plc among others.

Furthermore, this report extensively covers courier and local delivery services market segmentation in US by:

  • Delivery Type - Ground, express, and deferred
  • Parcel Type - B2C, B2B, and C2C

What will the Courier and Local Delivery Services Market Size in US be During the Forecast Period?

Courier and Local Delivery Services Market Size

Download the Free Report Sample to Unlock the Courier and Local Delivery Services Market Size in US for the Forecast Period and Other Important Statistics

 

Courier and Local Delivery Services Market in US: Key Drivers, Trends, and Challenges

The growing B2C e-commerce market in US is notably driving the courier and local delivery services market growth in US, although factors such as increasing adoption of in-house delivery units by retailers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the courier and local delivery services industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Courier and Local Delivery Services Market Driver in US

One of the key factors driving growth in the courier and local delivery services market in the US is the growing B2C e-commerce market. The growing Internet penetration and the increasing purchasing power parity across the US are the key factors contributing to the growth of the e-commerce market. The US is the major contributor to the e-commerce market in North America. United Parcel Service of America and FedEx are the major vendors that offer courier delivery services to the B2C e-commerce market in the US. E-tailers are reducing the lead time to gain a competitive edge in the market. The demand for courier and local delivery services from each end-user (individual that places orders) varies. This is because end-users are willing to pay extra for the fast delivery of products. The changes in requirements of e-tailers and end-users are boosting the demand for courier services in the B2C e-commerce market.

Key Courier and Local Delivery Services Market Trend in US

Automation in courier and local delivery services is a courier and local delivery services market trend in the US that is expected to have a positive impact in the coming years. Autonomous logistics is expected to gain popularity in the courier and local delivery services market in the US. This is because the rising cost of fuel, maintenance, and labor is negatively affecting the profitability of logistic players. Many logistics players offering courier and local delivery services are investing in autonomous logistics to sustain themselves in the highly competitive market. Autonomous logistics is expected to gradually replace manual labor as the former provides accurate outcomes by reducing labor errors. In addition, it reduces the duration of logistics operations by around 80%-85%. The involvement of robotics in logistics operations is expected to improve the efficiency of vendors in the courier and local delivery services market in the US by around 25%-27%.

Key Courier and Local Delivery Services Market Challenge in US

The increasing adoption of in-house delivery units by retailers will be a major challenge for the courier and local delivery services market in the US during the forecast period. Around one-third of the retailers in the US have sufficient online volume sales to justify investments. In-house delivery networks are feasible only for retailers that have large volumes of online sales. The established retailers are setting up their own delivery networks to have complete control over the delivery process. In addition, it is practically challenging for outsourced delivery companies to meet the customized requirements of retailers for each category of products. Though the overall online sales volume of retailers is high, it is low for each product category. Therefore, in-house delivery networks are expected to restrict outsourced delivery service providers, which comprise courier and local delivery service providers, from availing growth opportunities in the retail segment in the US.

This courier and local delivery services market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the courier and local delivery services market in the US as a part of the global air freight and logistics market within the global transportation market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the courier and local delivery services market during the forecast period.

Who are the Major Courier and Local Delivery Services Market Vendors in US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • A1 Express Delivery Service Inc.
  • AfterShip Ltd.
  • ArcBest Corp.
  • Courier Express
  • Deutsche Post DHL Group
  • FedEx Corp.
  • LaserShip Inc.
  • Life Science Outsourcing Inc.
  • NAPAREX
  • PITT OHIO
  • Power Link Expedite Corp.
  • Purolator Inc.
  • Ryder System Inc.
  • Spee-Dee Delivery Service Inc.
  • Target Corp.
  • Uber Technologies Inc.
  • United Parcel Service Inc.
  • US Cargo
  • XPO Logistics Inc.
  • Royal Mail Plc

 

This statistical study of the courier and local delivery services market in US encompasses successful business strategies deployed by the key vendors. The courier and local delivery services market in US is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

Product Insights and News

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To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The courier and local delivery services market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Courier and Local Delivery Services Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the courier and local delivery services market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Delivery Type Segments in the Courier and Local Delivery Services Market in US?

Courier and Local Delivery Services Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The courier and local delivery services market share growth in the US by the ground segment will be significant during the forecast period. The consumer electronics sector is one of the key contributors to this segment. The growth of the consumer electronics segment is expected to increase the need for ground delivery services. The increasing rate of Internet penetration across the world has supported the ground segment of the courier and local delivery services market growth to a considerable extent. The demand for delivery services from the C2C segment also positively impacted the ground delivery services in the US during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the courier and local delivery services market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Courier and Local Delivery Services Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2022-2026

$ 26.66 million

Market structure

Fragmented

YoY growth (%)

2.51

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A1 Express Delivery Service Inc., AfterShip Ltd., ArcBest Corp., Courier Express, Deutsche Post DHL Group, FedEx Corp., LaserShip Inc., Life Science Outsourcing Inc., NAPAREX, PITT OHIO, Power Link Expedite Corp., Purolator Inc., Ryder System Inc., Spee-Dee Delivery Service Inc., Target Corp., Uber Technologies Inc., United Parcel Service Inc., US Cargo, XPO Logistics Inc., and Royal Mail Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Courier and Local Delivery Services Market in US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive courier and local delivery services market growth in US during the next five years
  • Precise estimation of the courier and local delivery services market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the courier and local delivery services industry in US
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of courier and local delivery services market vendors in US

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Service Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
    • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 15: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service Type

  • 5.1 Market segments
    • Exhibit 22: Chart on Service Type - Market share 2021-2026 (%)
    • Exhibit 23: Data Table on Service Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Service Type
    • Exhibit 24: Chart on Comparison by Service Type
    • Exhibit 25: Data Table on Comparison by Service Type
  • 5.3 Ground - Market size and forecast 2021-2026
    • Exhibit 26: Chart on Ground - Market size and forecast 2021-2026 ($ million)
    • Exhibit 27: Data Table on Ground - Market size and forecast 2021-2026 ($ million)
    • Exhibit 28: Chart on Ground - Year-over-year growth 2021-2026 (%)
    • Exhibit 29: Data Table on Ground - Year-over-year growth 2021-2026 (%)
  • 5.4 Express - Market size and forecast 2021-2026
    • Exhibit 30: Chart on Express - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Data Table on Express - Market size and forecast 2021-2026 ($ million)
    • Exhibit 32: Chart on Express - Year-over-year growth 2021-2026 (%)
    • Exhibit 33: Data Table on Express - Year-over-year growth 2021-2026 (%)
  • 5.5 Deferred - Market size and forecast 2021-2026
    • Exhibit 34: Chart on Deferred - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Data Table on Deferred - Market size and forecast 2021-2026 ($ million)
    • Exhibit 36: Chart on Deferred - Year-over-year growth 2021-2026 (%)
    • Exhibit 37: Data Table on Deferred - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Service Type
    • Exhibit 38: Market opportunity by Service Type ($ million)

6 Market Segmentation by Product Type

  • 6.1 Market segments
    • Exhibit 39: Chart on Product Type - Market share 2021-2026 (%)
    • Exhibit 40: Data Table on Product Type - Market share 2021-2026 (%)
  • 6.2 Comparison by Product Type
    • Exhibit 41: Chart on Comparison by Product Type
    • Exhibit 42: Data Table on Comparison by Product Type
  • 6.3 B2C - Market size and forecast 2021-2026
    • Exhibit 43: Chart on B2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Data Table on B2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Chart on B2C - Year-over-year growth 2021-2026 (%)
    • Exhibit 46: Data Table on B2C - Year-over-year growth 2021-2026 (%)
  • 6.4 B2B - Market size and forecast 2021-2026
    • Exhibit 47: Chart on B2B - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Data Table on B2B - Market size and forecast 2021-2026 ($ million)
    • Exhibit 49: Chart on B2B - Year-over-year growth 2021-2026 (%)
    • Exhibit 50: Data Table on B2B - Year-over-year growth 2021-2026 (%)
  • 6.5 C2C - Market size and forecast 2021-2026
    • Exhibit 51: Chart on C2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Data Table on C2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 53: Chart on C2C - Year-over-year growth 2021-2026 (%)
    • Exhibit 54: Data Table on C2C - Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by Product Type
    • Exhibit 55: Market opportunity by Product Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 57: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 59: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 60: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 61: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 62: Matrix on vendor position and classification
  • 10.3 A1 Express Delivery Service Inc.
    • Exhibit 63: A1 Express Delivery Service Inc. - Overview
    • Exhibit 64: A1 Express Delivery Service Inc. - Product / Service
    • Exhibit 65: A1 Express Delivery Service Inc. - Key offerings
  • 10.4 AfterShip Ltd.
    • Exhibit 66: AfterShip Ltd. - Overview
    • Exhibit 67: AfterShip Ltd. - Product / Service
    • Exhibit 68: AfterShip Ltd. - Key offerings
  • 10.5 ArcBest Corp.
    • Exhibit 69: ArcBest Corp. - Overview
    • Exhibit 70: ArcBest Corp. - Business segments
    • Exhibit 71: ArcBest Corp. - Key offerings
    • Exhibit 72: ArcBest Corp. - Segment focus
  • 10.6 Courier Express
    • Exhibit 73: Courier Express - Overview
    • Exhibit 74: Courier Express - Product / Service
    • Exhibit 75: Courier Express - Key offerings
  • 10.7 Deutsche Post DHL Group
    • Exhibit 76: Deutsche Post DHL Group - Overview
    • Exhibit 77: Deutsche Post DHL Group - Business segments
    • Exhibit 78: Deutsche Post DHL Group - Key news
    • Exhibit 79: Deutsche Post DHL Group - Key offerings
    • Exhibit 80: Deutsche Post DHL Group - Segment focus
  • 10.8 FedEx Corp.
    • Exhibit 81: FedEx Corp. - Overview
    • Exhibit 82: FedEx Corp. - Business segments
    • Exhibit 83: FedEx Corp. - Key offerings
    • Exhibit 84: FedEx Corp. - Segment focus
  • 10.9 LaserShip Inc.
    • Exhibit 85: LaserShip Inc. - Overview
    • Exhibit 86: LaserShip Inc. - Product / Service
    • Exhibit 87: LaserShip Inc. - Key offerings
  • 10.10 Life Science Outsourcing Inc.
    • Exhibit 88: Life Science Outsourcing Inc. - Overview
    • Exhibit 89: Life Science Outsourcing Inc. - Product / Service
    • Exhibit 90: Life Science Outsourcing Inc. - Key offerings
  • 10.11 NAPAREX
    • Exhibit 91: NAPAREX - Overview
    • Exhibit 92: NAPAREX - Product / Service
    • Exhibit 93: NAPAREX - Key offerings
  • 10.12 Royal Mail Plc
    • Exhibit 94: Royal Mail Plc - Overview
    • Exhibit 95: Royal Mail Plc - Business segments
    • Exhibit 96: Royal Mail Plc - Key offerings
    • Exhibit 97: Royal Mail Plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 98: Inclusions checklist
    • Exhibit 99: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 100: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 101: Research methodology
    • Exhibit 102: Validation techniques employed for market sizing
    • Exhibit 103: Information sources
  • 11.5 List of abbreviations
    • Exhibit 104: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Courier and Local Delivery Services market growth will increase by $26.66 million during 2022-2026.
The courier and local delivery services market is expected to grow at a CAGR of 4.25% during 2022-2026.
Technavio has segmented the courier and local delivery services market by service type (Ground, Express, and Deferred) ,product type (B2C, B2B, and C2C) , and geographic (US).
A1 Express Delivery Service Inc., AfterShip Ltd., ArcBest Corp., Courier Express, Deutsche Post DHL Group, FedEx Corp., LaserShip Inc., Life Science Outsourcing Inc., NAPAREX, PITT OHIO, Power Link Expedite Corp., Purolator Inc., Ryder System Inc., Spee-Dee Delivery Service Inc., Target Corp., Uber Technologies Inc., United Parcel Service Inc., US Cargo, XPO Logistics Inc., Royal Mail Plc are a few of the key vendors in the courier and local delivery services market.
North America will register the highest growth rate of 100% among the other regions. Therefore, the courier and local delivery services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the courier and local delivery services market growth are:
  • Growing B2C e-commerce market in US
  • Automation in courier and local delivery services market in the US
The courier and local delivery services market vendors should focus on grabbing business opportunities from the ground segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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