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

The United States International Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by the increasing volume of express deliveries and parcels due to the rise in online shopping. The market's expansion is supported by advancements in technology, such as drone delivery and e-locker systems, which are creating new opportunities for startups. Additionally, the demand for faster delivery services is propelling the growth of on-demand courier companies. The B2C segment is growing rapidly, influenced by the e-commerce boom, leading carriers to diversify their offerings to meet consumer expectations for quick and cost-effective delivery solutions.

Market Size of US International Courier, Express, And Parcel (CEP) Industry

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

US International Courier, Express, And Parcel (CEP) Market 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) 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
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US International Courier, Express, And Parcel (CEP) Market Size Summary

The United States International Courier, Express, and Parcel (CEP) market is poised for significant growth, driven by a highly integrated supply chain network and the increasing adoption of online shopping. The COVID-19 pandemic accelerated the shift towards e-commerce, leading to a surge in express deliveries and parcels. This shift has prompted CEP players to prioritize digital transformation, enhancing delivery demand and supply through technological advancements like drone delivery services and e-locker systems. The rise of on-demand courier companies, fueled by customer expectations for faster deliveries, has further contributed to market expansion. The B2C segment is experiencing rapid growth, largely due to the burgeoning e-commerce market, prompting carriers to diversify their offerings to meet evolving consumer demands.

The market landscape is characterized by high competition, with numerous startups and established players like United Parcel Service Inc., FedEx Corporation, and DHL vying for market share. The US CEP market is relatively fragmented, with new entrants capitalizing on growth opportunities. The increasing prevalence of mobile shopping and the expansion of online marketplaces are reshaping consumer purchasing behaviors, further boosting the parcel shipping market. Strategic acquisitions, such as XpressBees' acquisition of Trackon and Aramex's purchase of Access USA Shipping, are enhancing companies' capabilities and expanding their reach in the CEP industry. These developments underscore the dynamic nature of the market, as players strive to leverage technological innovations and strategic partnerships to capture a larger share of the growing demand for courier, express, and parcel services.

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US International Courier, Express, And Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Government Regulations and Initiatives

    4. 1.4 Overview of the Logistics and Warehousing Market in the United States

    5. 1.5 Spotlight on Cross-border Transportation in the United States

    6. 1.6 Brief on US Freight Forwarding Market

    7. 1.7 Spotlight on US E-Commerce Sector

    8. 1.8 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and the Economy)

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Business

      1. 2.1.1 Business-to-Business (B2B)

      2. 2.1.2 Business-to-Customer (B2C)

      3. 2.1.3 Customer-to-Customer (C2C)

    2. 2.2 By Type

      1. 2.2.1 E-commerce

      2. 2.2.2 Non-e-commerce

    3. 2.3 By End User

      1. 2.3.1 Services

      2. 2.3.2 Wholesale and Retail Trade

      3. 2.3.3 Healthcare

      4. 2.3.4 Industrial Manufacturing

      5. 2.3.5 Other End Users

US International Courier, Express, And Parcel (CEP) Market Size FAQs

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.

In 2024, the US International Courier, Express, And Parcel Market size is expected to reach USD 3.26 billion.

United States International Courier, Express, and Parcel (CEP) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)