US Courier, Express, and Parcel Market to increase by USD 31.8 billion from 2022 to 2027, The growing fast-moving consumer good(FMCG) industry to drive the growth- Technavio

NEW YORK, Sept. 28, 2023 /PRNewswire/ -- The courier, express, and parcel market size in the US is expected to grow by USD 31.8 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 6.25% during the forecast period. The market is segmented by consumer (B2B, B2C, and C2C) and delivery (domestic and international). The FMCG industry encompasses everyday products with high turnover rates, including food and beverages, personal care items, and household cleaning products, among others. The rapid expansion of the FMCG sector in the United States, accompanied by ever-evolving consumer preferences, has generated a pressing need for efficient and timely distribution of these products, thereby making a significant contribution to market growth. Furthermore, the substantial population growth combined with increased disposable income levels enhances consumer purchasing power, leading to higher expenditures on essential daily items. Consequently, these factors are poised to have a positive impact on the growth of the courier, express, and parcel (CEP) market in the United States. Additionally, changing lifestyles, convenience, and the flourishing e-commerce sector will serve as driving forces for the growth of the US CEP market throughout the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a FREE PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the courier, express, and parcel market in US: Allied Express Transport Pty Ltd., Aramex International LLC, Canada Post Corp., Deutsche Post AG, DTDC Express Ltd., FedEx Corp., First Flight Courier Ltd., India Post, Japan Post Holdings Co. Ltd., Korea Post, La Poste, Nippon Express Holdings Inc., One World Express Inc. Ltd., Otto GmbH and Co. KG, Royal Mail Plc, SF Express Co. Ltd., Singapore Post Ltd., United Parcel Service Inc., United States Postal Service, and Yamato Transport Co. Ltd.
• Courier, Express, and Parcel Market in US is fragmented in nature.
• Market to observe 5.38% YOY growth in 2023.

Trend & Challenges

The growth of e-commerce startups in the US is an emerging trend shaping the market growth. 

Lack of supply chain visibility affecting the vendor-customer relationship is a significant challenge hindering the market growth. 

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

• The B2B segment is estimated to witness significant growth during the forecast period. B2B transactions, also known as business-to-business transactions, refer to commercial dealings where corporations acquire products for their manufacturing processes, differing from the typical transactions involving the general public or government entities. Within the US courier, express, and parcel market, this segment pertains to business-centric transactions and B2B sales. The significant growth drivers for this segment include the expansion of the e-commerce market and increased internet penetration in the United States. Additionally, the demand for prompt and dependable delivery of crucial business materials, including vital documents, contracts, legal papers, invoices, samples, and other time-sensitive items, has further propelled the growth of this sector. These factors collectively are expected to foster the growth of the US courier, express, and parcel market during the forecast period.

Get a glance at the market contribution of the segments, Request a FREE Sample

FAQS

• How do the major trends impact the market?
• How do the key drivers and challenges impact the market?

Related Reports:

The Courier, Express, and Parcel (CEP) Market size is estimated to grow at a CAGR of 7.07% between 2022 and 2027 and the size of the market is forecast to increase by USD 162.5 billion. This report extensively covers market segmentation by consumer (B2B, B2C, and C2C), delivery (international and domestic), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The rise in FTAs to drive investments in courier, express, and parcel markets in emerging economies is driving market growth. 

Brazil - express delivery market size is estimated to grow at a CAGR of 4.61% between 2022 and 2027. The market size is forecast to increase by USD 1,635.85 million.  This report extensively covers market segmentation by service type (time-definite and same-day), and customer type (B2B and B2C). It also includes an in-depth analysis of drivers, trends, and challenges. One of the key factors driving the Brazil express delivery market growth is the growth of the e-commerce market.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Consumer 

Market Segmentation by Delivery 

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio