US - Courier, Express, and Parcel (CEP) Market by Consumer, Delivery and Geography - Forecast and Analysis 2023-2027

Published: Aug 2023 Pages: 129 SKU: IRTNTR76041

US - Courier, Express, and Parcel (CEP) Market Analysis Report 2023-2027:

The US - Courier, Express, and Parcel (CEP) Market size is estimated to grow at a CAGR of 6.25% between 2022 and 2027. The market size is forecast to increase by USD 31.8 billion. The growth of the market depends on several factors, such as the adoption of new technologies in courier, express, and parcel supply chain network systems, the growing fast-moving consumer goods (FMCG) industry, and the increasing globalization and international trade.

This report extensively covers market segmentation by consumer (B2B, B2C, and C2C) and delivery (domestic and international). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the US Courier, Express, And Parcel Market During the Forecast Period?

US Courier, Express, and Parcel Market Forecast 2023-2027

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US Courier, Express, and Parcel Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Growing fast-moving consumer goods (FMCG) industry

The FMCG industry comprises all the products that are consumed on a day-to-day basis and have a high turnover rate such as food and beverages, personal care items, and household cleaning products, among others. The rapid growth of FMCG in the US and constantly changing consumer demands, it has fuelled the need for efficient and timely distribution of FMCG products which will significantly contribute to the market growth.

Furthermore, the rapid increase in population coupled with the rise in disposable income increases the purchasing power of consumers which in turn will result in higher consumer spending on daily necessities. Therefore, these factors will positively impact the US courier, express, and parcel (CEP) market growth. Moreover, factors such as changing lifestyles, convenience, and the growth of e-commerce will drive the US  courier, express, and parcel market growth during the forecast period.

Trends - Growth of E-commerce startups in the US

There is an increase in the growth of several e-commerce platforms due to the factors such as the expansion in digital payment modes, low-cost and faster mobile Internet connections, and increasing comfort with shopping online among people. As a result of this growth of the E-commerce industry, it is significantly fuelling the growth of e-commerce startups.

Moreover, there is a growing popularity for the E-commerce space post-pandemic. Additionally, several venture capitalists(VC) in the US are highly investing in E-commerce startups and there is an increasing adoption of E-commerce platforms by several businesses to offer an omnichannel experience to consumers which will positively impact the US courier, express, and parcel (CEP) market. Hence. such factors are expected to drive US courier, express, and parcel market growth during the forecast period.

Challenge - Lack of supply chain visibility affecting the vendor-customer relationship

One of the crucial aspects of a critical aspect influencing the courier, express, and parcel market in the US is the safety of packages during transportation. Packaging and labeling play an important role in establishing the brand name of the company. The transportation industry still faces challenges regarding supply chain visibility even after the advent of advanced tracking technology.

Additionally, several e-commerce market players are innovating new techniques to ensure the safe delivery of courier packages. One of the main reasons for the implementation of such techniques is due to factors such as thefts which are negatively impacting the US courier, express, and parcel (CEP) market growth. Furthermore, as per estimates, one out of every ten courier packages is damaged. Hence, such factors are expected to hinder the US courier, express, and parcel market growth during the forecast period.

US Courier, Express, and Parcel Market Segmentation by Consumer and Delivery

Consumer Segment Analysis: 

The B2B segment is estimated to witness significant growth during the forecast period. B2B transactions can be referred to as commercial transactions in which corporations procure products for their manufacturing operations as opposed to the typical transactions between the public and the government. This segment of the courier, express, and parcel market in the US encompasses business-oriented transactions and B2B sales. Some of the main factors which are significantly contributing to the growth of this segment include the growth of the e-commerce market and Internet penetration in the US.

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The B2B segment was the largest segment and was valued at USD 40.32 billion in 2017. Additionally, US manufacturers and distributors increased total B2B sales to USD 14.86 trillion in 2022, up 14.5% from $12.98 trillion in 2021, even though there are several challenges such as inflation, supply chain instability, and a labor shortage. Furthermore, factors such as the need for timely and reliable delivery of vital business materials such as essential documents, contracts, legal papers, invoices, samples, and other time-sensitive items have fuelled the growth of this segment which, in turn, will drive the US courier, express, and parcel market growth during the forecast period.

Delivery Segment Analysis: 

Based on delivery, the segment is classified into domestic and international. One of the important and robust components of the courier express, and parcel market in the US is the domestic segment. It mainly comprises the movement of packages and parcels within the country and plays a crucial role in meeting the rising demand for fast, reliable, and convenient deliveries. The growth of e-commerce is significantly fuelling the growth of this segment as the growth of online shopping has increased the need for efficient and effective home deliveries. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the US courier, express, and parcel market growth during the forecast period.

Who are the Major US Courier, Express, and Parcel Market Companies?

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

Allied Express Transport Pty Ltd: The company offers courier, express, and parcel such as Economy, Express VIP, Express Executive, and Express Gold.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Aramex International LLC, Canada Post Corp., Deutsche Post AG, DTDC Express Ltd., FedEx Corp., First Flight Courier Ltd., India Post, Japan Post Holdings Co. Ltd., Korea Post, La Poste, Nippon Express Holdings Inc., One World Express Inc. Ltd., Otto GmbH and Co. KG, Royal Mail Plc, SF Express Co. Ltd., Singapore Post Ltd., United Parcel Service Inc., United States Postal Service, and Yamato Transport Co. Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The US courier, express, and parcel market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Consumer Outlook (USD Billion, 2017 - 2027)
    • B2B
    • B2C
    • C2C
  • Application Outlook (USD Billion, 2017 - 2027)
    • Large Enterprise
    • Small and Medium Enterprise

US Courier, Express, And Parcel Market Scope

Report Coverage

Details

Page number

129

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.25%

Market growth 2023-2027

USD 31.8 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.38

Competitive landscape

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

Key companies profiled

Allied Express Transport Pty Ltd., Aramex International LLC, Canada Post Corp., Deutsche Post AG, DTDC Express Ltd., FedEx Corp., First Flight Courier Ltd., India Post, Japan Post Holdings Co. Ltd., Korea Post, La Poste, Nippon Express Holdings Inc., One World Express Inc. Ltd., Otto GmbH and Co. KG, Royal Mail Plc, SF Express Co. Ltd., Singapore Post Ltd., United Parcel Service Inc., United States Postal Service, and Yamato Transport Co. Ltd.

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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this US Courier, Express, And Parcel Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the US courier, express, and parcel market between 2023 and 2027
  • Precise estimation of the US courier, express, and parcel market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across the US
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of the US courier, express, and parcel 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
    • 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 Consumer
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Delivery
    • 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 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Courier, express, and parcel market in US 2017 - 2021
      • Exhibit 15: Historic Market Size – Data Table on courier, express, and parcel market in US 2017 - 2021 ($ billion)
    • 4.2 Consumer Segment Analysis 2017 - 2021
      • Exhibit 16: Historic Market Size – Consumer Segment 2017 - 2021 ($ billion)
    • 4.3 Delivery Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – Delivery Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Consumer

    • 6.1 Market segments
      • Exhibit 25: Chart on Consumer - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Consumer - Market share 2022-2027 (%)
    • 6.2 Comparison by Consumer
      • Exhibit 27: Chart on Comparison by Consumer
      • Exhibit 28: Data Table on Comparison by Consumer
    • 6.3 B2B - Market size and forecast 2022-2027
      • Exhibit 29: Chart on B2B - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 30: Data Table on B2B - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 31: Chart on B2B - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on B2B - Year-over-year growth 2022-2027 (%)
    • 6.4 B2C - Market size and forecast 2022-2027
      • Exhibit 33: Chart on B2C - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Data Table on B2C - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Chart on B2C - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on B2C - Year-over-year growth 2022-2027 (%)
    • 6.5 C2C - Market size and forecast 2022-2027
      • Exhibit 37: Chart on C2C - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Data Table on C2C - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Chart on C2C - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on C2C - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Consumer
      • Exhibit 41: Market opportunity by Consumer ($ billion)
      • Exhibit 42: Data Table on Market opportunity by Consumer ($ billion)

    7 Market Segmentation by Delivery

    • 7.1 Market segments
      • Exhibit 43: Chart on Delivery - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Delivery - Market share 2022-2027 (%)
    • 7.2 Comparison by Delivery
      • Exhibit 45: Chart on Comparison by Delivery
      • Exhibit 46: Data Table on Comparison by Delivery
    • 7.3 Domestic - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Domestic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Domestic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Domestic - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Domestic - Year-over-year growth 2022-2027 (%)
    • 7.4 International - Market size and forecast 2022-2027
      • Exhibit 51: Chart on International - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on International - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on International - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on International - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Delivery
      • Exhibit 55: Market opportunity by Delivery ($ billion)
      • Exhibit 56: Data Table on Market opportunity by Delivery ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 58: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 60: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 61: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 62: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 63: Matrix on vendor position and classification
            • 11.3 Allied Express Transport Pty Ltd.
              • Exhibit 64: Allied Express Transport Pty Ltd. - Overview
              • Exhibit 65: Allied Express Transport Pty Ltd. - Product / Service
              • Exhibit 66: Allied Express Transport Pty Ltd. - Key offerings
            • 11.4 Canada Post Corp.
              • Exhibit 67: Canada Post Corp. - Overview
              • Exhibit 68: Canada Post Corp. - Product / Service
              • Exhibit 69: Canada Post Corp. - Key offerings
            • 11.5 Deutsche Post AG
              • Exhibit 70: Deutsche Post AG - Overview
              • Exhibit 71: Deutsche Post AG - Business segments
              • Exhibit 72: Deutsche Post AG - Key news
              • Exhibit 73: Deutsche Post AG - Key offerings
              • Exhibit 74: Deutsche Post AG - Segment focus
            • 11.6 DTDC Express Ltd.
              • Exhibit 75: DTDC Express Ltd. - Overview
              • Exhibit 76: DTDC Express Ltd. - Product / Service
              • Exhibit 77: DTDC Express Ltd. - Key offerings
            • 11.7 FedEx Corp.
              • Exhibit 78: FedEx Corp. - Overview
              • Exhibit 79: FedEx Corp. - Business segments
              • Exhibit 80: FedEx Corp. - Key offerings
              • Exhibit 81: FedEx Corp. - Segment focus
            • 11.8 First Flight Courier Ltd.
              • Exhibit 82: First Flight Courier Ltd. - Overview
              • Exhibit 83: First Flight Courier Ltd. - Product / Service
              • Exhibit 84: First Flight Courier Ltd. - Key offerings
            • 11.9 Japan Post Holdings Co. Ltd.
              • Exhibit 85: Japan Post Holdings Co. Ltd. - Overview
              • Exhibit 86: Japan Post Holdings Co. Ltd. - Business segments
              • Exhibit 87: Japan Post Holdings Co. Ltd. - Key offerings
              • Exhibit 88: Japan Post Holdings Co. Ltd. - Segment focus
            • 11.10 Korea Post
              • Exhibit 89: Korea Post - Overview
              • Exhibit 90: Korea Post - Product / Service
              • Exhibit 91: Korea Post - Key offerings
            • 11.11 Nippon Express Holdings Inc.
              • Exhibit 92: Nippon Express Holdings Inc. - Overview
              • Exhibit 93: Nippon Express Holdings Inc. - Business segments
              • Exhibit 94: Nippon Express Holdings Inc. - Key offerings
              • Exhibit 95: Nippon Express Holdings Inc. - Segment focus
            • 11.12 One World Express Inc. Ltd.
              • Exhibit 96: One World Express Inc. Ltd. - Overview
              • Exhibit 97: One World Express Inc. Ltd. - Product / Service
              • Exhibit 98: One World Express Inc. Ltd. - Key offerings
            • 11.13 Royal Mail Plc
              • Exhibit 99: Royal Mail Plc - Overview
              • Exhibit 100: Royal Mail Plc - Product / Service
              • Exhibit 101: Royal Mail Plc - Key offerings
            • 11.14 SF Express Co. Ltd.
              • Exhibit 102: SF Express Co. Ltd. - Overview
              • Exhibit 103: SF Express Co. Ltd. - Business segments
              • Exhibit 104: SF Express Co. Ltd. - Key offerings
              • Exhibit 105: SF Express Co. Ltd. - Segment focus
            • 11.15 Singapore Post Ltd.
              • Exhibit 106: Singapore Post Ltd. - Overview
              • Exhibit 107: Singapore Post Ltd. - Product / Service
              • Exhibit 108: Singapore Post Ltd. - Key offerings
            • 11.16 United Parcel Service Inc.
              • Exhibit 109: United Parcel Service Inc. - Overview
              • Exhibit 110: United Parcel Service Inc. - Business segments
              • Exhibit 111: United Parcel Service Inc. - Key offerings
              • Exhibit 112: United Parcel Service Inc. - Segment focus
            • 11.17 United States Postal Service
              • Exhibit 113: United States Postal Service - Overview
              • Exhibit 114: United States Postal Service - Business segments
              • Exhibit 115: United States Postal Service - Key offerings
              • Exhibit 116: United States Postal Service - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 117: Inclusions checklist
                • Exhibit 118: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 119: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 120: Research methodology
                • Exhibit 121: Validation techniques employed for market sizing
                • Exhibit 122: Information sources
              • 12.5 List of abbreviations
                • Exhibit 123: 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.

              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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              Key Questions Answered

              • 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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