US International Courier, Express, And Parcel (CEP) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.26 Billion |
| Market Size (2029) | USD 5.03 Billion |
| CAGR (2024 - 2029) | 9.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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) Market Trends
Courier Industry Witnessing Lucrative Growth
E-commerce growth is fueling the parcel shipping market, as consumers are ordering more online. With more consumers moving from offline to online shopping, courier companies have witnessed a rise in businesses delivering goods amid social restrictions, especially during festivals and holidays. Delivery companies have managed to book growth amid the pandemic-induced economic downturn.
The US shipped, received, and returned 21.2 billion parcels in 2022, 1.1 billion more than anticipated by pre-pandemic forecasts. The latest Index shows 58 million parcels were shipped in the US each day in 2022 – totaling around 674 parcels per second. Per capita parcel volume for the US declined nominally from 65 to 64 with an average of 162 parcels shipped per US household during 2022.
US parcel volume declined by 3% in 2022, with parcel volume reaching 21.4 billion in 2022, down from 21.7 billion in 2021. Carrier revenues exceeded all previous years’ figures totaling USD 198 billion, an increase of 6.5% from USD 186 billion in 2021.
Rising E-commerce Sector to Boost the International CEP Market in the United States
The US e-commerce market has evolved over the past decade. Retail e-commerce sales in the United States are projected to grow rapidly in the coming years, going from USD 470 billion in 2021 to over USD 560 billion in 2025.
Customer satisfaction with online retail in the United States is relatively high. However, online sales still represent only a small share of all retail sales in the United States. Meanwhile, the country had more than 307.2 million internet users in 2022, and eight out of every 10 users made online purchases. Online retailers and brand websites are popular e-commerce channels. However, online marketplaces and social media are gaining relevance among online shoppers.
A growing trend within the US e-commerce market is the increasing presence of mobile shopping. Smartphones are mostly used for online shopping in the United States. This large base of mobile buyers has an impact on mobile commerce revenue. The average value spent per order while shopping from a cellphone is also increasing compared to a desktop, even though conversion rates still lag in the mobile segment.
US International Courier, Express, And Parcel (CEP) Industry Overview
The US international CEP market is relatively fragmented. Many new startups based in the United States or other countries entered the market to leverage the rapidly growing CEP industry. Due to the increasing market activity, the industry observes high competition among the players. Major players are United Parcel Service Inc., FedEx Corporation, DHL, Aramex New York Ltd, and TForce Logistics.
US International Courier, Express, And Parcel (CEP) Market Leaders
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United Parcel Service, Inc.
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FedEx Corporation
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DHL
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Aramex New York Ltd
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TForce Logistics
*Disclaimer: Major Players sorted in no particular order
US International Courier, Express, And Parcel (CEP) Market News
- August 2023: XpressBees has acquired the logistics and supply chain firm, Trackon. The deal also marks the first acquisition for the e-commerce-focused logistics startup since its inception in 2015. The acquisition will help XpressBees enter the SME courier space and the firm will leverage its existing network to scale up Trackon across the country
- October 2022: Aramex PJSC has acquired Access USA Shipping, LLC. Aramex PJSC is a Dubai-listed courier firm. It was acquired for an all-cash purchase price of approximately USD 265 million. This acquisition will strengthen Aramex’s cross-border express business by increasing shipment volumes, growing and diversifying its customer base, and expanding coverage in new origins and destinations. In addition, MyUS and Aramex customers will reap the rewards of this acquisition due to each company’s complementary expertise in comprehensive logistics and transportation solutions.
US International Courier, Express, And Parcel (CEP)Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Technological Trends
- 4.3 Government Regulations and Initiatives
- 4.4 Overview of the Logistics and Warehousing Market in the United States
- 4.5 Spotlight on Cross-border Transportation in the United States
- 4.6 Brief on US Freight Forwarding Market
- 4.7 Spotlight on US E-Commerce Sector
- 4.8 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and the Economy)
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Courier Industry Witnessing Lucrative Growth
- 5.1.2 Rising E-commerce Sector to Boost the International CEP Market in the United States
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5.2 Market Restraints
- 5.2.1 Increasing competition
- 5.2.2 Supply chain disruptions affecting the market
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5.3 Market Opportunities
- 5.3.1 Expansion of Same Day delivery services
- 5.3.2 Adoption of advanced technologies
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Threat of New Entrants
- 5.4.2 Bargaining Power of Buyers/Consumers
- 5.4.3 Bargaining Power of Suppliers
- 5.4.4 Threat of Substitute Products
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 By Business
- 6.1.1 Business-to-Business (B2B)
- 6.1.2 Business-to-Customer (B2C)
- 6.1.3 Customer-to-Customer (C2C)
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6.2 By Type
- 6.2.1 E-commerce
- 6.2.2 Non-e-commerce
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6.3 By End User
- 6.3.1 Services
- 6.3.2 Wholesale and Retail Trade
- 6.3.3 Healthcare
- 6.3.4 Industrial Manufacturing
- 6.3.5 Other End Users
7. COMPETITIVE LANDSCAPE
- 7.1 Overview (Market Concentration and Major Players)
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7.2 Company Profiles
- 7.2.1 United Parcel Service Inc.
- 7.2.2 FedEx Corporation
- 7.2.3 DHL
- 7.2.4 Aramex New York Ltd
- 7.2.5 Tforce Logistics
- 7.2.6 Express Courier International Inc.
- 7.2.7 Prestige Delivery Systems LLC
- 7.2.8 International Bonded Couriers Inc.
- 7.2.9 Fusion Logistics Inc.
- 7.2.10 Stat Overnight Delivery LLC*
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
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.
| By Business | Business-to-Business (B2B) |
| Business-to-Customer (B2C) | |
| Customer-to-Customer (C2C) | |
| By Type | E-commerce |
| Non-e-commerce | |
| By End User | Services |
| Wholesale and Retail Trade | |
| Healthcare | |
| Industrial Manufacturing | |
| Other End Users |
US International Courier, Express, And Parcel (CEP)Market Research FAQs
How big is the US International Courier, Express, And Parcel Market?
The US International Courier, Express, And Parcel Market size is expected to reach USD 3.26 billion in 2024 and grow at a CAGR of greater than 9.10% to reach USD 5.03 billion by 2029.
What is the current US International Courier, Express, And Parcel Market size?
In 2024, the US International Courier, Express, And Parcel Market size is expected to reach USD 3.26 billion.
Who are the key players in US International Courier, Express, And Parcel Market?
United Parcel Service, Inc., FedEx Corporation, DHL, Aramex New York Ltd and TForce Logistics are the major companies operating in the US International Courier, Express, And Parcel Market.
What years does this US International Courier, Express, And Parcel Market cover, and what was the market size in 2023?
In 2023, the US International Courier, Express, And Parcel Market size was estimated at USD 2.99 billion. The report covers the US International Courier, Express, And Parcel Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US International Courier, Express, And Parcel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US International Courier, Express, And Parcel (CEP)Industry Report
Statistics for the 2024 US International Courier, Express, And Parcel (CEP) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US International Courier, Express, And Parcel (CEP) analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
