Market Size of North America CEP Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 146.02 Billion |
Market Size (2029) | USD 226.93 Billion |
CAGR (2024 - 2029) | 9.22 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America CEP Market Analysis
The North America CEP Market size is estimated at USD 146.02 billion in 2024, and is expected to reach USD 226.93 billion by 2029, growing at a CAGR of 9.22% during the forecast period (2024-2029).
The CEP market is highly mature in North America with fierce competition among the top global suppliers (DHL, UPS, and FedEx), The B2C segment had a substantial market share in 2019, and this trend is expected to continue over the forecast period. Factors such as the same-day delivery and returns on packages will play a significant role in maintaining its market position in the B2C segment.
Change in government leads to a change in regulatory policies. Many policies in the region are conducive to business growth, which is one of the reasons behind the concentration of e-commerce growth in a number of businesses. Nevertheless, the decision establishing a regulatory structure could affect transport configuration and logistical networks.
Companies are currently conducting experiments with on-demand fleet services using crowd-sourced delivery services such as UberRUSH. Using these on-demand services, tend to create a flexible logistics service for retailers and providers by enabling them to expand their delivery capacity temporarily.