US International Courier, Express, And Parcel (CEP) Market Size (2024 - 2029)

US International Courier, Express, And Parcel (CEP) Market Analysis

The US International Courier, Express, And Parcel Market size is estimated at USD 3.26 billion in 2024, and is expected to reach USD 5.03 billion by 2029, growing at a CAGR of greater than 9.10% during the forecast period (2024-2029).

• The United States accounts for the highest share of the CEP industry in the North American region, with a highly integrated supply chain network that links producers and consumers through multiple transportation modes.
• Due to the COVID-19 pandemic, there was an increase in online shopping. Such a rapidly growing adoption of online shopping across the country increased the volume of express deliveries and parcels. New technologies and changing customer demands have seen a dramatic shift in the strategic priorities of all post and parcel players in the United States. Digital transformation is a driver impacting the delivery demand, supply, returns, and cross-border e-commerce. Technological developments like the introduction of drone delivery services and e-locker delivery systems are further creating opportunities for startups to enter the market.
• Additionally, the increasing customer expectations for quicker and faster delivery have led to the growth of on-demand courier companies like UberRUSH and Postmates, which offer quick delivery services, thereby positively impacting the market growth. The market is further bolstered by the rising customer expenditure capabilities in the region.
• The new approaches, such as Crowdsourcing Courier Service, are serving new consumer demands, such as faster deliveries at lower prices. The country is experiencing rapid growth in the B2C market compared to the B2B market, mainly due to the growth of the e-commerce market. This growth has caused the carriers to expand their product portfolios to cater to various consumer requirements, such as instant deliveries and locker services. The market is further spurred by the rising customer expenditure capabilities in the country.

US International Courier, Express, And Parcel (CEP) Industry Segmentation

The US international CEP market covers the services offered by logistics providers, such as courier, express, and parcel delivery.

The United States international courier, express, and parcel (CEP) market is segmented by business model (Business-to-Business (B2B), Business-to-Consumer (B2C), and Customer-to-Customer (C2C)), type (e-commerce, non-e-commerce), and end user (services, wholesale and retail trade, healthcare, industrial manufacturing, and other end users). The report offers market size and forecast in value (USD) for all the above segments.

The report offers a complete analysis of the US international courier, express, and parcel (CEP) market, including market overview, market size estimation for key segments, emerging trends by segments, and market dynamics. The report also offers the impact of COVID-19 on the market.