US Express Delivery Market Size (2024 - 2029)

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 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.