US Express Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The United States Express Delivery Market Report is Segmented by Business (B2B, B2C), by Destination (Domestic and International), and by End-User (Services, Wholesale and Retail Trade, Manufacturing, Construction, Utilities, and Primary Industries). The Report Offers Market Size and Forecasts in Values (USD) for all the Above Segments.

US Express Delivery Market Size

US Express Delivery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 10.17 Billion
Market Size (2029) USD 13.46 Billion
CAGR (2024 - 2029) > 5.76 %
Market Concentration Low

Major Players

US Express Delivery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of US Express Delivery Market with other markets in Logistics Industry

Freight Transport

Freight Transportation Arrangement

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Customers of Logistics Services

US Express Delivery Market Analysis

The US Express Delivery Market size is estimated at USD 10.17 billion in 2024, and is expected to reach USD 13.46 billion by 2029, at a CAGR of greater than 5.76% during the forecast period (2024-2029).

  • The US express delivery market is mainly driven by the exponential rise in e-commerce and shifting consumer preferences.
  • Across the nation, the surge in online shopping has led to a notable uptick in expedited deliveries and parcel volumes. As customer preferences evolve and technology advances, US postal and parcel companies are recalibrating their strategic focus. The impact of digital transformation is evident in areas like delivery demand, refunds, and the realm of cross-border e-commerce. Moreover, innovations like drone delivery services and e-locker systems are paving the way for new players to enter the market.
  • Over the past decade, the e-commerce landscape in the U.S. has undergone significant changes. While U.S. consumers express high satisfaction levels with online retail, these digital transactions still represent a modest fraction of the nation's total retail sales. Online marketplaces and social media platforms are rapidly gaining traction, complementing the established popularity of online retailers and brand websites. 
  • According to the U.S. Department of Commerce, U.S. e-commerce accounted for 22.0% of total retail sales in 2023, up from 21.2% in 2022. In 2023, U.S. e-commerce sales reached approximately USD 1.119 trillion, marking a 7.6% increase from the USD 1.040 trillion recorded in 2022. Concurrently, total retail sales rose to about USD 5.088 trillion in 2023, up from roughly USD 4.904 trillion in 2022, reflecting a 3.8% growth. This rapid growth in online sales has heightened the demand for express delivery services.
  • Mobile shopping is on the rise, with smartphones leading as the preferred device for online purchases. This surge in mobile buyers is influencing overall mobile commerce revenues. Notably, while the average order value from mobile devices is nearing that of desktops, mobile conversion rates have yet to catch up.
  • Moreover, suppliers' increasing emphasis on cross-border and international trade is a primary catalyst behind the market's swift expansion. Yet, challenges such as elevated operating costs and insufficient infrastructure for swift deliveries could pose constraints on the global express delivery market in the near future. On the flip side, technological innovations in delivery services have established a robust online distribution network, enhancing user experience and subsequently boosting revenue generation in the express delivery sector.

US Express Delivery Market Trends

Etail Boom Fuels Demand for Express Delivery Services

  • In 2023, U.S. e-commerce constituted 22.0% of total retail sales, according to the U.S. Department of Commerce. This represents an uptick from the 21.2% share recorded in 2022. U.S. e-commerce sales in 2023 hit approximately USD 1.119 trillion, a 7.6% rise from the USD 1.040 trillion tallied in 2022. At the same time, total retail sales climbed to about USD 5.088 trillion in 2023, up from roughly USD 4.904 trillion in 2022, marking a 3.8% increase. This swift ascent in online sales has intensified the demand for express delivery services.
  • Amazon reigns supreme in the U.S. e-retail arena. With a commanding share of nearly 40% in the online shopping domain, Amazon's closest rivals trail far behind, capturing a modest 1% to 6% each. Moreover, Amazon's e-retail sales in the U.S. significantly eclipse those of its competitors. In 2023, Amazon's U.S. retail e-commerce sales soared to an impressive USD 135 billion, leaving Walmart's USD 65 million in the dust.
  • In the realm of mobile commerce, Amazon is grappling with stiff competition from Chinese shopping apps. These apps have gained significant traction among U.S. online shoppers, particularly those seeking budget-friendly options.
  • Notably, in 2023, Temu clinched the title of the most downloaded shopping app in the U.S., racking up an impressive 123 million downloads—outpacing Amazon by a staggering fivefold. Following closely was Shein, a fast-fashion platform, securing the second spot with approximately 37 million downloads. Yet, despite their download success, Temu and Shein fell short of eclipsing leading local players in e-commerce revenue in 2023. This indicates that while U.S. consumers are drawn to Chinese apps for their competitive pricing, these apps still navigate hurdles in the fiercely competitive U.S. landscape. Hence, as e-retail activities surge, so does the demand for express delivery services.
US Express Delivery Market: Retail e-commerce sales, in USD Million, United States, 1st quarter 2022 - 2nd quarter 2024

U.S. Cross-Border trade experience notable growth in 2023

  • eCommerce has globalized shopping, with the U.S. emerging as a dominant player. Thanks to widespread internet access and eCommerce adoption, American consumers can easily access international markets.
  • Cross-border imports have seen growth over the years, the U.S. import GMV in 2023 stood at a modest USD 221 million. In contrast, cross-border exports have shown a consistent upward trajectory, with a notable surge in 2020. By 2023, the export GMV reached USD 17 billion.
  • In 2023, 53% of U.S. cross-border shoppers made their latest purchase from China, solidifying its status as the top foreign market. The UK and Japan followed, though with a significantly smaller share of purchases.
  • Canada and Mexico are the primary markets for U.S. cross-border exports, followed by South Korea and Peru. However, consumers in these nations are increasingly gravitating towards China.
  • While U.S. marketplaces like Walmart and eBay are prominent, Amazon stands out globally, not just for its brand but also for its staggering USD 728.8 billion GMV in 2023.
  • Despite the robust export figures, the U.S. finds itself overshadowed in the global cross-border eCommerce arena by China. China's allure among international consumers is on the rise, bolstered by supportive policies, financing, and the establishment of cross-border eCommerce pilot zones. This environment has enabled Chinese platforms, such as Miravia and Temu, to swiftly penetrate and dominate new global markets.
  • Recent developments indicate U.S. retailers are keen on maintaining their foothold with international customers. A case in point: eCommerce titan Amazon is gearing up to introduce a discount segment as a countermeasure to Temu. As competition intensifies and online demand for goods grows, the market sees a pronounced need for express delivery services.
US Express Delivery Market: Revenue share of cross-border e-commerce, in percentage, United States

US Express Delivery Industry Overview

The United States Express Delivery Market appears to be highly fragmented and with the presence of several local, regional and global players. Some of the major players are Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Aramex, SF Express, and many more. Vendors in the courier and local delivery services market in the US are adopting advanced technology and new services to increase their consumer base.

US Express Delivery Market Leaders

  1. Deutsche Post DHL Group

  2. United Parcel Service Inc.

  3. FedEx Express

  4. Aramex

  5. SF Express

*Disclaimer: Major Players sorted in no particular order

US Express Delivery Market Concentration
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US Express Delivery Market News

  • October 2024: DHL Express has commenced construction on a cutting-edge 305,000 sq. ft. aviation maintenance facility at its Global Hub located at the Cincinnati/Northern Kentucky International Airport (CVG). This USD 292 million investment aims to streamline aircraft repairs, minimize downtime, and bolster service reliability for prompt customer deliveries. Additionally, the expanded aircraft apron will enable the hub to accommodate a greater number of aircraft, thereby enhancing its shipment handling capacity.
  • September 2024: DHL Express invested over EUR 100 million (USD 105.88 million) to enhance its transport and handling capabilities, aligning with its customers' growth trajectories. As part of its ongoing fleet modernization, DHL Express is introducing eight new Boeing 777 freighters. This strategic decision is timed with the expected uptick in demand for express services during the customary year-end peak season.

US Express Delivery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Online Merchandise Demand Fuels Market Growth

      2. 4.2.2 Market Growth Fueled by Rising Internet Penetration

    3. 4.3 Market Restraints

      1. 4.3.1 International Rivals Pose Challenges to the Market

      2. 4.3.2 Elevated Costs Compared to Standard Delivery Services

    4. 4.4 Market Opportunities

      1. 4.4.1 Technological Advancements Driving the Market

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Government Regulations and Initiatives

    8. 4.8 Technological Trends in Industry

    9. 4.9 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)

    10. 4.10 Impact of Geopolitics and Pandemic on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Business

      1. 5.1.1 B2B (Business-to-Business)

      2. 5.1.2 B2C (Business-to-Consumer)

    2. 5.2 By Destination

      1. 5.2.1 Domestic

      2. 5.2.2 International

    3. 5.3 By End User

      1. 5.3.1 Services (BFSI (Banking, Financial Services and Insurance))

      2. 5.3.2 Wholesale and Retail Trade (E-commerce)

      3. 5.3.3 Manufacturing, Construction, and Utilities

      4. 5.3.4 Primary Industries (Agriculture, and Other Natural Resources)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Analysis

    2. 6.2 Company Profiles

      1. 6.2.1 Deutsche Post DHL Group

      2. 6.2.2 United Parcel Service Inc.

      3. 6.2.3 FedEx Corporation

      4. 6.2.4 Aramex PJSC

      5. 6.2.5 SF Express (Group) Co. Ltd

      6. 6.2.6 OnTrac Inc.

      7. 6.2.7 Courier Express

      8. 6.2.8 Spee Dee Delivery Service Inc.

      9. 6.2.9 A-1 Express Delivery Service Inc

      10. 6.2.10 YRC Worldwide*

    3. *List Not Exhaustive
    4. 6.3 Other Companies

      1. 6.3.1 (Amazon, Atlantic International Express, A-1 Express Logistics, USA Couriers, Postmates, Deliv, Routific, Roadie, American Expediting, Koch Cos Inc.)*

  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

    1. 8.1 Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of Transport and Storage Sector to economy)

    2. 8.2 External Trade Statistics - Exports and Imports, by Product

    3. 8.3 Insights into Key Export Destinations and Import Origin Countries

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US Express Delivery Industry Segmentation

The express delivery market refers to the segment of the logistics industry that specializes in the rapid transportation and delivery of goods and documents. This market is characterized by the need for fast and reliable delivery services, often with guaranteed delivery times and tracking capabilities. Express delivery services are typically used for urgent or time-sensitive shipments. 

The United States express delivery market is segmented by business (B2B, B2C), by destination (domestic and international), and by end-user (services, wholesale and retail trade, manufacturing, construction, & utilities, primary industries). The report offers market size and forecasts in values (USD) for all the above segments.

By Business
B2B (Business-to-Business)
B2C (Business-to-Consumer)
By Destination
Domestic
International
By End User
Services (BFSI (Banking, Financial Services and Insurance))
Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction, and Utilities
Primary Industries (Agriculture, and Other Natural Resources)
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US Express Delivery Market Research FAQs

The US Express Delivery Market size is expected to reach USD 10.17 billion in 2024 and grow at a CAGR of greater than 5.76% to reach USD 13.46 billion by 2029.

In 2024, the US Express Delivery Market size is expected to reach USD 10.17 billion.

Deutsche Post DHL Group, United Parcel Service Inc., FedEx Express, Aramex and SF Express are the major companies operating in the US Express Delivery Market.

In 2023, the US Express Delivery Market size was estimated at USD 9.58 billion. The report covers the US Express Delivery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Express Delivery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

US Express Delivery Industry Report

Statistics for the 2024 US Express Delivery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Express Delivery analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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US Express Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)