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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.
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 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.
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.
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.
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.
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.
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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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