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Courier, Express, And Parcel (CEP) Market Analysis US - Size and Forecast 2024-2028

Courier, Express, And Parcel (CEP) Market Analysis US - Size and Forecast 2024-2028

Published: Aug 2024 138 Pages SKU: IRTNTR76041

Market Overview at a Glance

$28.5 B
Market Opportunity
5.4%
CAGR
5.17
YoY growth 2023-2024(%)

US Courier, Express, And Parcel Market Size 2024-2028 

The US courier, express, and parcel (CEP) market size is forecast to increase by USD 28.5 billion at a CAGR of 5.4% between 2023 and 2028.

  • The courier, express, and parcel (CEP) market In the US is witnessing significant growth due to the adoption of advanced technologies such as GPS, predictive analytics, and automation in logistics and supply chain networks. The integration of last-mile delivery models with CEP companies is also driving market growth, as consumers increasingly demand faster and more convenient delivery options. However, the market is facing challenges from sharing-based business models, which are disrupting traditional CEP business models. The COVID-19 pandemic has further accelerated the trend towards e-commerce and the need for efficient and reliable CEP services, particularly In the delivery of vaccines and other time-sensitive goods.

What will be the size of the US Courier, Express, And Parcel (CEP) Market during the forecast period?

Courier, Express, And Parcel (CEP) Market in US Size

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  • The market in the global economy experiences significant activity, driven primarily by theincrease in e-commerce sales and the increasing preference for convenient and fast delivery options among consumers. CEP (Courier, Express, and Parcel) volumes continue to rise, fueled by the integration of returns management solutions in physical stores and the growing popularity of "Happy Returns" and similar services. The transportation services sector, comprised of couriers and messengers, as well as postal service workers, plays a pivotal role in this market. Key players in this sector include major retailers such as eBay, Walmart, Target, and Apple, who leverage their logistics capabilities to offer seamless delivery options to customers.
  • The market also benefits from advancements in air travel and water transportation, as well as the development of port infrastructure and maritime administration. Furthermore, the increasing reliance on CEP services is influenced by various macroeconomic factors, including gasoline and petroleum prices, refining capacity, and refinery accidents. Despite these challenges, the market remains a dynamic and growing sector, demonstrating resilience and adaptability In the face of changing consumer demands and market conditions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Consumer
    • B2B
    • B2C
    • C2C
  • Delivery
    • Domestic
    • International
  • Geography
    • US

By Consumer Insights

  • The B2B segment is estimated to witness significant growth during the forecast period.

The market caters to both business-to-business (B2B) and business-to-consumer (B2C) transactions. B2B transactions involve corporations procuring goods for their operations, contributing significantly to the supply chain. The B2B segment of the market is anticipated to expand moderately during the forecast period, driven by the expanding e-commerce and increasing Internet penetration In the US. Physical stores continue to leverage CEP services for returns management through partners like Happy Returns. Consumers increasingly rely on CEP for convenient last-mile delivery. Key industries such as eBay, Walmart, Target, Apple, and others contribute substantially to CEP volumes.

Courier, Express, And Parcel (CEP) Market in US Size

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The B2B segment was valued at  USD 42.00 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Courier, Express, And Parcel (CEP) Market?

The key driver of the market is the adoption of new technologies in courier, express, and parcel supply chain network systems.

  • The market is experiencing significant growth due to advancements in technology. These innovations are revolutionizing the industry by providing real-time parcel tracking, eliminating delivery uncertainties, and enhancing convenience for consumers. Key technologies driving this transformation include global positioning systems (GPS), bar-coding, management information systems (MIS), 3D printing, robotics, radio frequency identification (RFID), warehouse management software, and transportation management software. companies are also investing in mobility technologies to improve last-mile connectivity. For instance, FedEx Corp. Partnered with Chanje Energy Inc. In February 2020 to enhance their last-mile delivery capabilities. Consumers' increasing reliance on e-commerce sales and the middle class population's growing disposable incomes are fueling the demand for parcel shipping.
  • Additionally, employment statistics show an increase in couriers and messengers and postal service workers as the sector adapts to the changing market dynamics. The transportation, storage infrastructure, and transportation services sector, including international trade activities, are also experiencing growth as a result. Federal spending on highways, air travel, water transportation, and port infrastructure development further supports the market's expansion. Technological advancements in refining capacity, refinery accidents, diesel fuel consumption, and express delivery systems are also contributing factors.

What are the market trends shaping the US Courier, Express, And Parcel (CEP) Market?

Growing integration of last-mile delivery models with courier, express, and parcel companies is the upcoming trend In the market.

  • The market is experiencing significant growth due to the integration of last-mile delivery models with companies and the increasing popularity of instant delivery services. E-commerce sales continue to rise, leading to a corresponding increase in parcel volumes. Last-mile delivery models, including postal mail-run, crowd shipping, courier delivery, and delivery to lockers, are becoming increasingly common. These models cater to the demand for fast and convenient delivery options. The employment statistics In the transportation sector, including couriers and messengers and postal service workers, are also seeing growth as a result. The e-commerce market, which includes B2B, B2C, and C2C segments, is a major driver of parcel shipping volumes.
  • Additionally, the middleclass population with disposable incomes and improving living conditions are contributing to the growth of this market. The supply chain, particularly In the logistics sector, is also undergoing significant changes to accommodate the demands of e-commerce and omnichannel retailing. Technology plays a crucial role in this sector, with advancements in parcel tracking systems and express delivery services. The transportation, storage infrastructure, and international trade activities are also impacting the market. Federal spending on transportation services, including highways, air travel, water transportation, and port infrastructure development, is a significant factor.

What challenges does US Courier, Express, And Parcel (CEP) Market face during the growth?

Increasing threat from sharing-based business models is a key challenge affecting the market growth.

  • The market is experiencing significant competition from emerging sharing-based business models, such as peer-to-peer delivery services and crowdsourced platforms. These models enable individuals to use their personal vehicles for parcel delivery on behalf of others, offering lower costs compared to traditional courier, express, and parcel (CEP) providers. This competition can potentially impact the growth of the CEP market, as customers may prefer the cheaper alternatives. Traditional CEP companies face a decrease in market share due to increased competition. The transportation sector, including CEP volumes, employment statistics, and infrastructure development, plays a crucial role In the US economy, contributing to GDP through international trade activities and transportation services.
  • Key market drivers include e-commerce sales, omnichannel retailing, and the middleclass population with rising disposable incomes and improving living conditions. The CEP market caters to various sectors, including e-commerce (B2C and B2B), healthcare equipment, heavy machinery, and electronic devices. Value-added services, such as express delivery, parcel tracking systems, and technology solutions, further enhance the market's growth. However, challenges, such as fuel prices, refinery accidents, and diesel fuel consumption, can impact the market's profitability. The CEP market encompasses couriers and messengers, postal service workers, and air, water, and land transportation services.

Exclusive US Courier, Express, And Parcel (CEP) Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Courier, Express, And Parcel (CEP) Market in US Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Central Courier LLC
  • Deutsche Post AG
  • Expeditors International of Washington Inc.
  • FedEx Corp.
  • Flexport Inc.
  • General Logistics Systems BV
  • LSO Inc.
  • OnTrac
  • PACE Inc.
  • Shipbob Inc.
  • Spee-Dee Delivery Service Inc.
  • TFI International Inc.
  • United Parcel Service Inc.
  • United States Postal Service
  • Yellow Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market in the global economy has experienced significant growth in recent years, driven by the increase in e-commerce sales and the increasing preference for convenient and fast delivery options. Consumers' growing reliance on physical stores for purchasing goods, coupled with the rise of returns management solutions like Happy Returns, has led to an increase in CEP (courier, express, and parcel) volumes. The employment statistics In the transportation sector have seen a corresponding rise, with couriers and messengers and postal service workers being among the key contributors to this trend. The e-commerce sector, in particular, has been a major driver of this growth, with B2B, B2C, and C2C transactions fueling the demand for efficient and reliable parcel delivery services.

In addition, the CEP market's expansion has been influenced by various market dynamics, including the development of advanced technology and the integration of value-added services. The implementation of parcel tracking systems and the adoption of automation and robotics in logistics have streamlined the supply chain, making it more efficient and cost-effective. The e-commerce growth has been influenced by several factors, including the expanding middle class population, rising disposable incomes, and improving living conditions. Omnichannel retailing, which allows consumers to shop online and pick up their orders in-store or have them delivered to their doorstep, has further boosted the demand for parcel shipping services.

Furthermore, the last-mile delivery segment has gained significant attention in the CEP market due to its importance in ensuring timely and efficient delivery of parcels to consumers. Logistics companies have been investing in technology and infrastructure to optimize last-mile delivery, including the use of drones and autonomous vehicles. The transportation services sector has been impacted by various factors, including international trade activities, federal spending on transportation infrastructure, and the development of transportation modes such as highways, air travel, water transportation, and port infrastructure. The maritime administration's role in facilitating international trade and ensuring the safety and security of waterways has been crucial in enabling the smooth flow of goods and parcels across borders.

In addition, the transportation sector's growth has also been influenced by the price of fuel, with gasoline and petroleum exports and imports playing a significant role In the global economy. The refining capacity and refinery accidents have impacted the availability and price of diesel and gas, affecting the cost of transportation services. The express delivery segment has been a key contributor to the growth of the CEP market, with its focus on speed and reliability making it a preferred choice for time-sensitive and high-value shipments. The adoption of technology and automation in express delivery has enabled faster processing and tracking of parcels, enhancing the customer experience.

Therefore, the market has been a significant contributor to the global economy, driven by the growth of e-commerce sales and the increasing preference for convenient and fast delivery options. The transportation sector's development, including the adoption of technology and infrastructure, has been crucial in enabling the efficient and cost-effective movement of goods and parcels. The market's dynamics, including the impact of fuel prices and international trade activities, have influenced its growth and will continue to shape its future.

Market Scope

Report Coverage

Details

Page number

138

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2024-2028

USD 28.5 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.17

Competitive landscape

Leading Companies, Market Report, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across US
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Country Market Characteristics
    • Executive Summary - Chart on Market Segmentation by Consumer
    • Executive Summary - Chart on Market Segmentation by Delivery
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Chart on US: Year-over-year growth 2023-2028 (%)
      • Data Table on US: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Courier, Express, And Parcel (CEP) Market in US 2018 - 2022
      • Historic Market Size - Data Table on Courier, Express, And Parcel (CEP) Market in US 2018 - 2022 ($ billion)
    • 4.2 Consumer segment analysis 2018 - 2022
      • Historic Market Size - Consumer Segment 2018 - 2022 ($ billion)
    • 4.3 Delivery segment analysis 2018 - 2022
      • Historic Market Size - Delivery Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Consumer

    • 6.1 Market segments
      • Chart on Consumer - Market share 2023-2028 (%)
      • Data Table on Consumer - Market share 2023-2028 (%)
    • 6.2 Comparison by Consumer
      • Chart on Comparison by Consumer
      • Data Table on Comparison by Consumer
    • 6.3 B2B - Market size and forecast 2023-2028
      • Chart on B2B - Market size and forecast 2023-2028 ($ billion)
      • Data Table on B2B - Market size and forecast 2023-2028 ($ billion)
      • Chart on B2B - Year-over-year growth 2023-2028 (%)
      • Data Table on B2B - Year-over-year growth 2023-2028 (%)
    • 6.4 B2C - Market size and forecast 2023-2028
      • Chart on B2C - Market size and forecast 2023-2028 ($ billion)
      • Data Table on B2C - Market size and forecast 2023-2028 ($ billion)
      • Chart on B2C - Year-over-year growth 2023-2028 (%)
      • Data Table on B2C - Year-over-year growth 2023-2028 (%)
    • 6.5 C2C - Market size and forecast 2023-2028
      • Chart on C2C - Market size and forecast 2023-2028 ($ billion)
      • Data Table on C2C - Market size and forecast 2023-2028 ($ billion)
      • Chart on C2C - Year-over-year growth 2023-2028 (%)
      • Data Table on C2C - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Consumer
      • Market opportunity by Consumer ($ billion)
      • Data Table on Market opportunity by Consumer ($ billion)

    7 Market Segmentation by Delivery

    • 7.1 Market segments
      • Chart on Delivery - Market share 2023-2028 (%)
      • Data Table on Delivery - Market share 2023-2028 (%)
    • 7.2 Comparison by Delivery
      • Chart on Comparison by Delivery
      • Data Table on Comparison by Delivery
    • 7.3 Domestic - Market size and forecast 2023-2028
      • Chart on Domestic - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Domestic - Market size and forecast 2023-2028 ($ billion)
      • Chart on Domestic - Year-over-year growth 2023-2028 (%)
      • Data Table on Domestic - Year-over-year growth 2023-2028 (%)
    • 7.4 International - Market size and forecast 2023-2028
      • Chart on International - Market size and forecast 2023-2028 ($ billion)
      • Data Table on International - Market size and forecast 2023-2028 ($ billion)
      • Chart on International - Year-over-year growth 2023-2028 (%)
      • Data Table on International - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Delivery
      • Market opportunity by Delivery ($ billion)
      • Data Table on Market opportunity by Delivery ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 11.3 Central Courier LLC
              • Central Courier LLC - Overview
              • Central Courier LLC - Product / Service
              • Central Courier LLC - Key offerings
            • 11.4 Deutsche Post AG
              • Deutsche Post AG - Overview
              • Deutsche Post AG - Business segments
              • Deutsche Post AG - Key news
              • Deutsche Post AG - Key offerings
              • Deutsche Post AG - Segment focus
            • 11.5 Expeditors International of Washington Inc.
              • Expeditors International of Washington Inc. - Overview
              • Expeditors International of Washington Inc. - Business segments
              • Expeditors International of Washington Inc. - Key offerings
              • Expeditors International of Washington Inc. - Segment focus
            • 11.6 FedEx Corp.
              • FedEx Corp. - Overview
              • FedEx Corp. - Business segments
              • FedEx Corp. - Key news
              • FedEx Corp. - Key offerings
              • FedEx Corp. - Segment focus
            • 11.7 Flexport Inc.
              • Flexport Inc. - Overview
              • Flexport Inc. - Product / Service
              • Flexport Inc. - Key offerings
            • 11.8 General Logistics Systems BV
              • General Logistics Systems BV - Overview
              • General Logistics Systems BV - Product / Service
              • General Logistics Systems BV - Key news
              • General Logistics Systems BV - Key offerings
            • 11.9 LSO Inc.
              • LSO Inc. - Overview
              • LSO Inc. - Product / Service
              • LSO Inc. - Key offerings
            • 11.10 OnTrac
              • OnTrac - Overview
              • OnTrac - Product / Service
              • OnTrac - Key offerings
            • 11.11 PACE Inc.
              • PACE Inc. - Overview
              • PACE Inc. - Product / Service
              • PACE Inc. - Key offerings
            • 11.12 Shipbob Inc.
              • Shipbob Inc. - Overview
              • Shipbob Inc. - Product / Service
              • Shipbob Inc. - Key offerings
            • 11.13 Spee-Dee Delivery Service Inc.
              • Spee-Dee Delivery Service Inc. - Overview
              • Spee-Dee Delivery Service Inc. - Product / Service
              • Spee-Dee Delivery Service Inc. - Key offerings
            • 11.14 TFI International Inc.
              • TFI International Inc. - Overview
              • TFI International Inc. - Business segments
              • TFI International Inc. - Key offerings
              • TFI International Inc. - Segment focus
            • 11.15 United Parcel Service Inc.
              • United Parcel Service Inc. - Overview
              • United Parcel Service Inc. - Business segments
              • United Parcel Service Inc. - Key news
              • United Parcel Service Inc. - Key offerings
              • United Parcel Service Inc. - Segment focus
            • 11.16 United States Postal Service
              • United States Postal Service - Overview
              • United States Postal Service - Business segments
              • United States Postal Service - Key offerings
              • United States Postal Service - Segment focus
            • 11.17 Yellow Corp.
              • Yellow Corp. - Overview
              • Yellow Corp. - Product / Service
              • Yellow Corp. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Frequently Asked Questions

              Courier, Express, And Parcel (CEP)in US market growth will increase by $ 28.5 bn during 2024-2028 .

              The Courier, Express, And Parcel (CEP)in US market is expected to grow at a CAGR of 5.4% during 2024-2028 .

              Courier, Express, And Parcel (CEP)in US market is segmented by Consumer( B2B, B2C, C2C) Delivery( Domestic, International)

              Central Courier LLC, Deutsche Post AG, Expeditors International of Washington Inc., FedEx Corp., Flexport Inc., General Logistics Systems BV, LSO Inc., OnTrac, PACE Inc., Shipbob Inc., Spee-Dee Delivery Service Inc., TFI International Inc., United Parcel Service Inc., United States Postal Service, Yellow Corp. are a few of the key vendors in the Courier, Express, And Parcel (CEP)in US market.

              North America will register the highest growth rate of 100% among the other regions. Therefore, the Courier, Express, And Parcel (CEP)in US market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US

              • Adoption of new technologies in courier is the driving factor this market.
              • express is the driving factor this market.
              • and parcel supply chain network systemsTechnology innovations in the courier industry are driving the market in focus to a new growth orientation. Technology is constantly allowing the courier industry to improve by eliminating vague estimates of parcel delivery is the driving factor this market.
              • minute-to-minute accurate tracking of functionalities is the driving factor this market.
              • and creating more convenient deliveries. The most common technologies being used in the courier industry are global positioning systems (GPS) is the driving factor this market.
              • bar-coding is the driving factor this market.
              • management information systems (MIS) is the driving factor this market.
              • 3D printing is the driving factor this market.
              • robotics is the driving factor this market.
              • radio frequency identification (RFID) is the driving factor this market.
              • warehouse management software is the driving factor this market.
              • and transportation management software. Vendors are also investing in adding new technologies in mobility to enhance their last-mile connectivity. For instance is the driving factor this market.
              • in February 2020 is the driving factor this market.
              • FedEx Corp. and Chanje Energy Inc. signed an agreement to equip 42 FedEx stations in California with electronic direct current (DC) charging stations for electric vehicles. FedEx Corp. plans to increase the number of electric vehicles in its fleet during the forecast period.  Similarly is the driving factor this market.
              • in May 2022 is the driving factor this market.
              • DHL Express recognized that integrating supply chain optimization is critical to remaining competitive is the driving factor this market.
              • and it has used digitization to change its logistics operations. As part of its Strategy 2025 goal of offering a better customer experience is the driving factor this market.
              • it has committed approximately $2.5 billion to digital transformation projects. It has implemented a number of solutions and initiatives to eliminate the manual labor and monotony involved with logistics. Its Advanced Quality Control Centre (AQCC) employs AI and machine learning to track real-time shipping movements and identify root issues to ensure on-time delivery. DHLBot is the driving factor this market.
              • a robot's arm powered by artificial intelligence is the driving factor this market.
              • can sort over 1000 tiny items each hour is the driving factor this market.
              • increasing efficiency by at least 40%.Logistics and e-commerce vendors such as DHL and Amazon are also experimenting with drones for parcel delivery. However is the driving factor this market.
              • the use of drones depends highly on infrastructural viability and geographical characteristics is the driving factor this market.
              • as hilly terrain is not suitable for drone delivery. Even if these technologies are efficient is the driving factor this market.
              • infrastructure is a crucial requisite for last-mile delivery. Thus is the driving factor this market.
              • logistics companies are expanding their businesses organically as well as inorganically. Such drivers are expected to positively contribute to the growth of the courier is the driving factor this market.
              • express is the driving factor this market.
              • and parcel (CEP) market in US during the forecast period. is the driving factor this market.

              The Courier, Express, And Parcel (CEP)in US market vendors should focus on grabbing business opportunities from the B2B segment as it accounted for the largest market share in the base year.