United States Courier, Express, and Parcel (CEP) Market Size

The United States Courier, Express, and Parcel (CEP) market is experiencing growth driven by the expansion of e-commerce and changes in consumer purchasing behavior, particularly due to the global pandemic. This growth is reflected in the increasing market size, as companies respond to rising demand by enhancing their service offerings and pursuing strategic acquisitions. Despite the overall increase in market volume, the industry has seen a slight decline in employment figures. The continuous evolution of the e-commerce sector, with significant contributions from major players, is expected to further boost the CEP market's scale during the forecast period.

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Market Size of united states courier, express, and parcel (cep) Industry

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United States Courier, Express, and Parcel (CEP) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 183.98 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 239.38 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Destination Domestic
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 4.48 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Destination International

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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US Courier, Express, and Parcel Market Analysis

The United States Courier, Express, and Parcel (CEP) Market size is estimated at 183.98 billion USD in 2024, and is expected to reach 239.38 billion USD by 2030, growing at a CAGR of 4.48% during the forecast period (2024-2030).

183.98 Billion

Market Size in 2024 (USD)

239.38 Billion

Market Size in 2030 (USD)

3.46 %

CAGR (2017-2023)

4.48 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

5.22 %

Projected CAGR, Express, 2024-2030

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Courier companies aim to achieve higher efficiency levels through extended service hours at a lower cost due to significantly increasing demand and intense competition.

Fastest Growing Market by Model

5.83 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

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Convenience is the major factor driving the segment's growth, wherein the most popular product categories sold online in 2022 were fashion items, toys, and hobby & DIY goods.

Largest Market by Shipment Weight

74.60 %

value share, Light Weight Shipments, 2023

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The delivery demand in the banking, financial services, and insurance (BFSI) industry and for over-the-counter pharmaceutical and apparel goods is driving the segment's growth.

Largest Market by End User Industry

42.34 %

value share, E-Commerce, 2023

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The top e-commerce players with a significant presence in the country are generating delivery demand for fashion items, toys, and hobby & DIY goods.

First Leading Market Player

38.49 %

market share, United Parcel Service of America, Inc. (UPS), Inc. (UPS)

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UPS has an average daily package volume of more than 20 million in its US Domestic Package segment, including around 2 million packages from its Next-day Air segment.

Rising domestic CEP demand led by the rising e-commerce market in the country

  • E-commerce growth and the global pandemic fueled the parcel shipping market, as consumers were more inclined toward ordering online compared to purchasing from physical stores. This led to a CAGR growth of 2.62% in value from 2017-2021. With rising revenue and parcel volumes, many companies are undertaking acquisitions in the country. In October 2023, UPS Inc. acquired Happy Returns, a returns management software company, from PayPal Holdings Inc.
  • The industry witnessed growth in parcel volumes in 2021 and 2022, owing to the rising e-commerce sales. In 2021, the e-commerce value rose by 22.32% YoY, followed by a 7.87% YoY increase in 2022. This resulted in the growth of CEP volumes. However, despite the overall growth in courier, express, and parcel volumes, there has been a slight decline in employment statistics for the industry. In 2022, there were 68,310 couriers and messengers in the United States compared to 70,700 messengers in 2020. In 2022, postal service workers in the United States earned an average of USD 25.71 per hour.
  • The US e-commerce market has been constantly evolving during the study period. B2C e-commerce sales in the United States are projected to grow from around USD 811 billion in 2022 to around USD 1.23 trillion in 2025. This is expected to give a boost to both domestic and international courier, express, and parcel market volumes during the forecast period. Among the e-commerce players, Amazon is the most popular e-retailer in the United States, with a market share of 37.8%. Other successful shopping websites include eBay (3.5% market share), Walmart (6.3% market share), Target (2.1% market share), and Apple (3.9% market share).
United States Courier, Express, and Parcel (CEP) Market

United States Courier, Express, and Parcel (CEP) Industry Segmentation US Courier, Express, and Parcel Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.

  • E-commerce growth and the global pandemic fueled the parcel shipping market, as consumers were more inclined toward ordering online compared to purchasing from physical stores. This led to a CAGR growth of 2.62% in value from 2017-2021. With rising revenue and parcel volumes, many companies are undertaking acquisitions in the country. In October 2023, UPS Inc. acquired Happy Returns, a returns management software company, from PayPal Holdings Inc.
  • The industry witnessed growth in parcel volumes in 2021 and 2022, owing to the rising e-commerce sales. In 2021, the e-commerce value rose by 22.32% YoY, followed by a 7.87% YoY increase in 2022. This resulted in the growth of CEP volumes. However, despite the overall growth in courier, express, and parcel volumes, there has been a slight decline in employment statistics for the industry. In 2022, there were 68,310 couriers and messengers in the United States compared to 70,700 messengers in 2020. In 2022, postal service workers in the United States earned an average of USD 25.71 per hour.
  • The US e-commerce market has been constantly evolving during the study period. B2C e-commerce sales in the United States are projected to grow from around USD 811 billion in 2022 to around USD 1.23 trillion in 2025. This is expected to give a boost to both domestic and international courier, express, and parcel market volumes during the forecast period. Among the e-commerce players, Amazon is the most popular e-retailer in the United States, with a market share of 37.8%. Other successful shopping websites include eBay (3.5% market share), Walmart (6.3% market share), Target (2.1% market share), and Apple (3.9% market share).
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
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United States Courier, Express, and Parcel (CEP) Market Size Summary

The United States Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by the surge in e-commerce and the impacts of the global pandemic, which have shifted consumer preferences towards online shopping. This shift has led to an increase in parcel volumes, prompting companies to expand their operations and invest in acquisitions to enhance their service offerings. The market is characterized by a high level of consolidation, with major players like DHL Group, FedEx, OnTrac, United Parcel Service of America, Inc. (UPS), and USPS dominating the landscape. The ongoing expansion of e-commerce, particularly with giants like Amazon, continues to fuel the demand for CEP services, as more consumers seek faster and more efficient delivery options.

The CEP industry is also closely linked to the broader transportation and infrastructure sectors, which have seen substantial investments aimed at improving logistics and supply chain efficiency. Federal spending has been strategically allocated to enhance various modes of transportation, including highways, rail, air, and water, to support the growing demand for parcel delivery services. Despite the overall growth in parcel volumes, the industry has faced challenges such as a slight decline in employment statistics, indicating a shift towards automation and technology-driven solutions. The market's growth trajectory is expected to continue, supported by ongoing investments in infrastructure and the increasing reliance on digital commerce.

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United States Courier, Express, and Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

United States Courier, Express, and Parcel (CEP) Market Size FAQs

The United States Courier, Express, and Parcel (CEP) Market size is expected to reach USD 183.98 billion in 2024 and grow at a CAGR of 4.48% to reach USD 239.38 billion by 2030.

In 2024, the United States Courier, Express, and Parcel (CEP) Market size is expected to reach USD 183.98 billion.

United States Courier Express and Parcel Market Report Snapshots

US Courier, Express, and Parcel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)