United States Courier, Express and Parcel (CEP) Market Report 2023-2028

Author: Simran Kukreja

IMARC Group, a leading market research company, has recently released a report titled "United States Courier Express and Parcel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the United States courier express and parcel market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the United States Courier Express and Parcel Market?

The United States courier, express and parcel (CEP) market size reached US$ 128.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 156.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

What is Courier Express and Parcel Market?

Courier, express, and parcel (CEP) refers to a segment of the logistics industry that specializes in the transportation and delivery of packages, documents, and parcels from senders to recipients. It encompasses a wide range of services that are designed to ensure the efficient, secure, and timely movement of goods. CEP companies provide a range of value-added services, including tracking and tracing capabilities, proof of delivery, insurance options, customs clearance for international shipments, and customer support.

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What are the Growth Prospects and Trends in the United States Courier Express and Parcel Market Industry?

The United States CEP market is majorly driven by the rapidly evolving e-commerce industry owing to the significant internet penetration. E-commerce stores partner with courier service providers to deliver their products to customers. In addition, rising customer preference for faster delivery has led to the emergence of on-demand courier companies like Uber RUSH and Postmates that offer quick delivery services, thereby creating a positive market outlook across the country. Moreover, rapid urbanization, growing consumer expenditure capacities, and significant growth in the manufacturing sector are some of the other factors that are anticipated to bolster the market growth further.

What is Included in Market Segmentation?

The report has categorized the market based on service type, destination, type and end use sector.

Breakup by Service Type:

  • B2B (Business-to-Business)
  • B2C (Business-to-Consumer)
  • C2C (Customer-to-Customer)

Based on Destination:

  • Domestic
  • International

Analysed by Type:

  • Air
  • Ship
  • Subway
  • Road

Breakup by End Use Sector:

  • Services (BFSI- Banking, Financial Services and Insurance)
  • Wholesale and Retail Trade (E-commerce)
  • Manufacturing, Construction and Utilities
  • Others

Regional Analysis:

  • Northeast
  • Midwest
  • South
  • West

Who are the Key Players Operating in the United States Courier Express and Parcel Market?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key Highlights of The Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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