Market Size of North America Postal Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Postal Services Market Analysis
The North America postal services market is estimated to register a CAGR of approximately 1% during the forecast period (2023-2028).
The outbreak of Coronavirus disease (COVID-19) acted as a restraint on the postal services market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. The pandemic drove industry growth away from mail revenue and toward parcels. According to International Post Corporation (IPC), the parcel revenue rose by EUR 19.3 billion (USD 21.7 billion) while mail revenue fell EUR 6.1 billion (USD 6.8 billion) in 2020.
USPS is the official postal service in the USA. FedEx and UPS immediately compete with USPS Express Mail and package delivery couriers, doing nationwide deliveries of urgent letters and packages. Due to the USPS monopoly, other couriers in the USA are not allowed to deliver non-urgent letters and cannot ship to U.S. Mail boxes at residential and other business locations. With a few minor exceptions, the United States Postal Service enjoys a legal monopoly in the delivery of letters. Under the Private Express Statutes, private letter carriers are subject to fines and/or imprisonment. Canada Post has the largest market share in shipping packages and traditional mail in Canada. The government mail service is responsible for shipping two out of every three parcels in Canada and is trusted by many Canadians.
Over recent years, the postal service industry in North America has been suffering disruptions from the internet and digital industries. The traditional core business of mail delivery is in decline as communications move online. Meanwhile, the industry also faces fierce competition in the rapidly growing e-commerce parcel market. As a result, postal and mailing businesses are shifting from state-owned monopolies to commercial companies with diversified portfolios.
