North America Courier, Express and Parcel Market Growth, Size, Trends, Share and Future Outlook
North America Courier, Express and Parcel Market Size- By Destination, By Speed of Delivery, By Model, By Shipment Weight, By Mode of Transport, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: AMIN24134 | Pages: 1 - 153 | Formats*: |
| Category : Automotive & Transportation | |||
North America Courier, Express and Parcel Market Introduction and Overview
According to SPER Market Research, the North America Courier, Express and Parcel Market is estimated to reach USD 325.89 billion by 2033 with a CAGR of 9.47%.
The report includes an in-depth analysis of the North America Courier, Express and Parcel Market, including market size and trends, product mix, Applications, and supplier analysis. Courier express and parcel delivery is a complicated and dynamic operation that is deliberately designed to get goods from warehouses to customers' doorsteps as quickly as possible. Customers such as manufacturers, retailers, e-commerce agencies, individuals, and many small and medium-sized organizations are looking for transportation services to get their items from one location to another quickly. Orders are frequently placed via e-commerce platforms or retail stores, resulting in a succession of carefully planned operations. Retailers process orders and manage inventory in strategically placed warehouses to maximize availability for on-time delivery.
- In December 2023: Amazon delivered 1 billion packages from its Same-Day locations in the United States. The same-day delivery facilities are built for swift deliveries, fulfillment, and sorting all from one location, allowing customers to receive their items even faster.
- December 2023: Amazon launches its second same-day delivery facility in Massachusetts, serving certain towns and communities in Central Massachusetts. It is a 200,000-square-foot custom-built site that opened in Westborough. It was part of its strategy to expand same-day delivery in Massachusetts.
- July 2023: DHL Express purchased a location closer to downtown Denver's commercial core for USD 9.6 million. The new DHL Service Point has roughly 56,000 square feet of warehouse and office space, as well as 60 vehicle loading and unloading spots around the conveyable sorting system.
Market Opportunities and Challenges
Opportunities: Rapid urbanization and rising disposable incomes in emerging countries open up significant prospects for the courier, express, and parcel business. As these economies undergo digital transformation and consumer behaviour turns toward online purchasing, the need for CEP services is expected to increase dramatically. CEP companies can take advantage of this trend by extending their presence in emerging markets and providing specialized solutions to match local needs. Strategic collaborations and alliances with local logistics providers can assist overcome infrastructure and regulatory barriers, allowing for easier market entry and expansion in these locations. Furthermore, Rapid technology improvements are a major driver of innovation and efficiency in the CEP business. Automation, artificial intelligence, and big data analytics are transforming logistics operations, enabling better route planning, real-time tracking, and predictive analytics.
Challenges: The growing threat of sharing-based business models is limiting industry expansion. Due to the vast market potential, new companies, including start-ups, are joining the courier, express, and parcel (CEP) industry and offering innovative business models. For example, organizations such as virtual freight forwarders offer competitive rates by bidding on shipments and adding cutting-edge technologies such as robotics, temperature-monitoring sensors, and ICT into their operations. This contrasts with the CEP Market, which is characterized by a lack of digitalization. Furthermore, trucking companies and other industrial suppliers are collaborating with OEMs to create automated truck convoys, creating a competition to the industry. Vertical expansion of major market players, combined with enormous technology and personnel training investments, is revolutionizing the transportation and logistics industry.
Market Competitive Landscape
The market is fragmented; FedEx, DHL, and UPS dominate the North American region, but there is still potential for foreign and local businesses. The market is likely to expand during the forecast period, driven by growth in the region's e-commerce sector and rising last mile delivery segment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Destination, By Speed of Delivery, By Model, By Shipment Weight, By Mode of Transport, By End User Industry |
| Regions covered | US, Canada, Mexico, Rest of North America |
| Companies Covered | Amazon, Aramex, DHL Group, Dropoff Inc, FedEx, International Distributions Services, OnTrac, Spee Dee Delivery Service Inc, United Parcel Service of America, Inc, USA Couriers, USPS, Yellow Corporation. |
COVID-19 Impact on North America Courier, Express and Parcel Market
The COVID-19 epidemic had a direct impact on courier, express, and parcel services. Courier, express, and parcel companies play an important role in value chains both within and across international borders, facilitating trade and commerce and assisting businesses in delivering products to clients. As a result, pandemic-related supply chain interruptions had an influence on the courier, express, and package industry's competitiveness, economic growth, and employment loss. However, expansion in the e-commerce sector had a considerable impact on parcel delivery volumes, as projected.
Key Target Audience:
- E-commerce Businesses
- Government Agencies
- Healthcare Providers
- Individuals/Consumers
- Manufacturing Companies
- Retailers
- Small and Medium Enterprises (SMEs)
- Third-party Logistics Providers (3PLs)
Our in-depth analysis of the North America Courier, Express and Parcel Market includes the following segments:
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| By Mode of Transport: |
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Key Topics Covered in the Report:
- North America Courier, Express and Parcel Market Size (FY’2024-FY’2033)
- Overview of North America Courier, Express and Parcel Market
- Segmentation of North America Courier, Express and Parcel Market By Destination (Domestic, International)
- Segmentation of North America Courier, Express and Parcel Market By Speed of Delivery (Express, Non-Express)
- Segmentation of North America Courier, Express and Parcel Market By Model (Business-to-Business, Business-to-Consumer, Consumer-to-Consumer)
- Segmentation of North America Courier, Express and Parcel Market By Shipment Weight (Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments)
- Segmentation of North America Courier, Express and Parcel Market By Mode of Transport (Air, Road, Others)
- Segmentation of North America Courier, Express and Parcel Market By End User Industry (E-Commerce, Financial Services, Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade)
- Statistical Snap of North America Courier, Express and Parcel Market
- Expansion Analysis of North America Courier, Express and Parcel Market
- Problems and Obstacles in North America Courier, Express and Parcel Market
- Competitive Landscape in the North America Courier, Express and Parcel Market
- Impact of COVID-19 and Demonetization on North America Courier, Express and Parcel Market
- Details on Current Investment in North America Courier, Express and Parcel Market
- Competitive Analysis of North America Courier, Express and Parcel Market
- Prominent Players in the North America Courier, Express and Parcel Market
- SWOT Analysis of North America Courier, Express and Parcel Market
- North America Courier, Express and Parcel Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Courier, Express and Parcel Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Courier, Express and Parcel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Courier, Express and Parcel Market
7. North America Courier, Express and Parcel Market, By Destination (USD Million) 2020-2033
7.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By Destination, 2020-20267.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By Destination, 2027-20337.3. Domestic7.4. International
8. North America Courier, Express and Parcel Market, By Speed of Delivery (USD Million) 2020-2033
8.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By Speed of Delivery, 2020-20268.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By Speed of Delivery, 2027-20338.3. Express8.4. Non-Express
9. North America Courier, Express and Parcel Market, By Model (USD Million) 2020-2033
9.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By Model, 2020-20269.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By Model, 2027-20339.3. Business-to-Business9.4. Business-to-Consumer9.5. Consumer-to-Consumer
10. North America Courier, Express and Parcel Market, By Shipment Weight (USD Million) 2020-2033
10.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By Shipment Weight, 2020-202610.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By Shipment Weight, 2027-203310.3. Heavy Weight Shipments10.4. Light Weight Shipments10.5. Medium Weight Shipments
11. North America Courier, Express and Parcel Market, By Mode of Transport (USD Million) 2020-2033
11.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By Mode of Transport, 2020-202611.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By Mode of Transport, 2027-203311.3. Air11.4. Road11.5. Others
12. North America Courier, Express and Parcel Market, By End User Industry (USD Million) 2020-2033
12.1. North America Courier, Express and Parcel Market Size, Share and Forecast, By End User Industry, 2020-202612.2. North America Courier, Express and Parcel Market Size, Share and Forecast, By End User Industry, 2027-203312.3. E-Commerce12.4. Financial Services12.5. Healthcare12.6. Manufacturing12.7. Primary Industry12.8. Wholesale and Retail Trade12.9. Others
13. North America Courier, Express and Parcel Market Forecast, 2020-2033 (USD Million)
13.1. North America Courier, Express and Parcel Market Size and Market Share
14. North America Courier, Express and Parcel Market, By Region, 2020-2033 (USD Million)
14.1. North America Courier, Express and Parcel Market Size and Market Share By Region (2020-2026)14.2. North America Courier, Express and Parcel Market Size and Market Share By Region (2027-2033)14.3. US14.4. Canada14.5. Mexico14.6. Rest of North America
15. Company Profile
15.1. Amazon15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Aramex15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. DHL Group15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Dropoff Inc15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. FedEx15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. International Distributions Services15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. OnTrac15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Spee Dee Delivery Service Inc15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. United Parcel Service of America, Inc15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. USA Couriers15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. USPS15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Yellow Corporation15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. Conclusion
17. List of Abbreviation
18. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Courier, Express and Parcel Market is projected to reach 325.89 billion by 2033, growing at a CAGR of 9.47% during the forecast period.
North America Courier, Express and Parcel Market grew in market size from 2023. The Market is expected to reach USD 325.89 billion by 2033, at a CAGR of 9.47% during the forecast period.
North America Courier, Express and Parcel Market CAGR of 9.47% during the forecast period.
The report includes an in-depth analysis of the North America Courier, Express and Parcel Market, including market size and trends, product mix, Applications, and supplier analysis.
You can get the sample pages by clicking the link - Click Here
North America Courier, Express and Parcel Market size is USD 325.89 billion from 2024 to 2033.
North America Courier, Express and Parcel Market segment is Covered By Destination, By Speed of Delivery, By Model, By Shipment Weight, By Mode of Transport, By End User Industry.
The North America region is anticipated to have the highest market share in the North America Courier, Express and Parcel Market .
The key players in the market include Companies Covered Amazon, Aramex, DHL Group, Dropoff Inc, FedEx, International Distributions Services, OnTrac, Spee Dee Delivery Service Inc, United Parcel Service of America, Inc, USA Couriers, USPS, Yellow Corporation.
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