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United States Courier, Express, and Parcel (CEP) Market: By Service Type: B2B (Business-to-Business), B2C (Business-to- Customer), C2C (Customer-to-Customer); By Destination: Domestic, International; By Transportation Type: Airways, Waterways, Roadways, Railways; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
United States Courier, Express, and Parcel (CEP) Market Outlook
The United States courier, express, and parcel (CEP) market size was approximately USD 120.21 billion in 2023. The market is assessed to grow at a CAGR of 8.6% between 2024 and 2032, reaching a value of around USD 254.78 billion by 2032.
Key Trends in the Market
Courier, express, and parcel (CEP) involves the delivery of goods and commodities through different mediums of transportation. They play an essential role in the global economy and support the economic development and growth of a country. CEP companies utilise advanced technology such as artificial intelligence and route optimisation to ensure the timely delivery of goods.
- The rise and development of the e-commerce industry is one of the key trends aiding the United States courier, express, and parcel (CEP) market growth. In 2022, the United States achieved a record high of $1.04 trillion in e-commerce sales, an 8.5% annual increase from the previous year.
The rising demand for same-day and rapid e-commerce delivery and easy return of products are boosting the demand for courier, express, and parcel (CEP) services due to their numerous advantages, including speed, reliability, safety, cost-efficiency, and support services.
- In early 2023, Mexico became the top trading partner of the United States, with bilateral trade totalling $263 billion in the first four months of the year. Additionally, the United States’s other biggest trade partners include China, Japan, and Canada. Hence, growing international trade is positively impacting the United States market for courier, express, and parcel (CEP).
- The United States courier, express, and parcel (CEP) market expansion is being aided by the modernisation of last-mile delivery by key players to expand their capacities, reduce operating costs, and improve delivery capacity. Increasing research and development (R&D) activities by companies to deploy drones, self-driving vehicles, and robots for enhancing the reliability of last-mile delivery options is anticipated further to propel the market in the coming years.
- The integration of artificial intelligence with CEP services is further expected to stimulate the United States courier, express, and parcel (CEP) market development in the coming years. Artificial intelligence (AI) integrated express delivery boasts increased productivity by 30-50%, surging customer satisfaction and facilitating cost savings for the companies.
United States Courier, Express, and Parcel (CEP) Market Segmentation
Based on the service type, the market is segmented into B2B (Business-to-Business), B2C (Business-to- Customer), and C2C (Customer-to-Customer). On the basis of destination, the market can be bifurcated into international and domestic. Based on transportation type, the market is divided into airways, waterways, roadways, and railways.
Based on end use, the market is categorised into services (BFSI- banking, financial services, and insurance), wholesale and retail trade (e-commerce), and manufacturing, construction, and utilities, among others. The major regional markets for courier, express, and parcel (CEP) in United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States courier, express, and parcel (CEP) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- FedEx Corp.
- United Parcel Service, Inc.
- Schenker AG
- DSV A/S
- Deutsche Post AG
- Aramex International LLC
- TFI International Inc.
- Lasership, Inc. (OnTrac)
- US Postal Service
- Courier Express
- Others
Market Share by Service Type
As per the United States courier, express, and parcel (CEP) market analysis, B2C channel involves businesses that directly sell products to consumers without intermediaries. To ensure timely and safe delivery of products, businesses rely heavily on courier, express, and parcel (CEP) services. These services are used to transport a diverse range of products, from high-end electronics commodities to perishable goods.
Besides, the robustly growing e-commerce sector is prompting key players to develop innovative B2C services for last mile deliveries. Service providers are also adopting innovative technologies such as digital twins and predictive maintenance to collate and analyse data for improving parcel processing and delivery to customers.
Market Share by Destination
The international sector holds a significant portion of the United States courier, express, and parcel (CEP) market share. In 2021, the United States was the world's largest importer and the second-largest exporter in the world. A reliable CEP service ensures that goods are exported and imported safely and on time.
With international trade increasing, there is an increasing demand for CEP services with tracking visibility and shorter delivery times. In September 2020, Air-City, powered by Seko, launched a new international parcel delivery service to offer merchants, marketplaces, and D2C brands trackable and door-to-door deliveries amid increasing e-commerce business between China and the United States.
Competitive Landscape
FedEx Corp. was founded in 1971 and is headquartered in Tennessee, the United States. It is a multinational company that focuses on transportation, e-commerce, and business services. It imports and exports goods to more than 220 countries and territories.
United Parcel Service, Inc. was founded in 1907 and is headquartered in Georgia, United States. The American shipping and receiving and supply chain management company operates in more than 200 countries and territories.
Schenker AG, founded in 1872, is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. Its connect2track (integrated IT tracking service) provides seamless 24/7 tracking and monitoring of the goods to the customers.
Other United States courier, express, and parcel (CEP) market players include DSV A/S, Deutsche Post AG, Aramex International LLC, TFI International Inc., Lasership, Inc. (OnTrac), US Postal Service, and Courier Express, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Destination |
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| Breakup by Transportation Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Courier, Express, and Parcel (CEP) Market Overview
8.1 Key Industry Highlights
8.2 North America Courier, Express, and Parcel (CEP) Historical Market (2018-2023)
8.3 North America Courier, Express, and Parcel (CEP) Market Forecast (2024-2032)
8.4 North America Courier, Express, and Parcel (CEP) Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Courier, Express, and Parcel (CEP) Market Overview
9.1 Key Industry Highlights
9.2 United States Courier, Express, and Parcel (CEP) Historical Market (2018-2023)
9.3 United States Courier, Express, and Parcel (CEP) Market Forecast (2024-2032)
10 United States Courier, Express, and Parcel (CEP) Market by Service Type
10.1 B2B (Business-to-Business)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 B2C (Business-to- Customer)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 C2C (Customer-to-Customer)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Courier, Express, and Parcel (CEP) Market by Destination
11.1 Domestic
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 International
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Courier, Express, and Parcel (CEP) Market by Transportation Type
12.1 Airways
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Waterways
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Roadways
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Railways
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 United States Courier, Express, and Parcel (CEP) Market by End Use
13.1 Services (BFSI- Banking, Financial Services, and Insurance)
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Wholesale and Retail Trade (E-Commerce)
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Manufacturing, Construction, and Utilities
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 United States Courier, Express, and Parcel (CEP) Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 FedEx Corp.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 United Parcel Service, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schenker AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 DSV A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Deutsche Post AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aramex International LLC
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 TFI International Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Lasership, Inc. (OnTrac)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 US Postal Service
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Courier Express
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Courier, Express, and Parcel (CEP) Market: Key Industry Highlights, 2018 and 2032
2. United States Courier, Express, and Parcel (CEP) Market: Key Industry Highlights, 2018 and 2032
3. United States Courier, Express, and Parcel (CEP) Historical Market: Breakup by Service Type (USD Billion), 2018-2023
4. United States Courier, Express, and Parcel (CEP) Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
5. United States Courier, Express, and Parcel (CEP) Historical Market: Breakup by Destination (USD Billion), 2018-2023
6. United States Courier, Express, and Parcel (CEP) Market Forecast: Breakup by Destination (USD Billion), 2024-2032
7. United States Courier, Express, and Parcel (CEP) Historical Market: Breakup by Transportation Type (USD Billion), 2018-2023
8. United States Courier, Express, and Parcel (CEP) Market Forecast: Breakup by Transportation Type (USD Billion), 2024-2032
9. United States Courier, Express, and Parcel (CEP) Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States Courier, Express, and Parcel (CEP) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States Courier, Express, and Parcel (CEP) Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Courier, Express, and Parcel (CEP) Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States Courier, Express, and Parcel (CEP) Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 120.21 billion.
The market is estimated to grow at a CAGR of 8.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 254.78 billion by 2032.
The market is being driven by increasing trade activities, the modernisation of last-mile delivery by key players, and the integration of artificial intelligence with CEP services.
The key trends aiding the market expansion include the robust growth of the e-commerce industry, the rising demand for quick and doorstep delivery, and an increase in cross-border global trade.
The major service types in the market are B2B (Business-to-Business), B2C (Business-to- Customer), and C2C (Customer-to-Customer).
The different transportation types in the market are airways, waterways, roadways, and railways.
The major players in the market are FedEx Corp., United Parcel Service, Inc., Schenker AG, DSV A/S, Deutsche Post AG, Aramex International LLC, TFI International Inc., Lasership, Inc. (OnTrac), US Postal Service, and Courier Express, among others.
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