How big is the United States Domestic Courier Market?

The United States Domestic Courier Market size is expected to reach USD 140.60 billion in 2024 and grow at a CAGR of 4.40% to reach USD 182.00 billion by 2030. Read More

What is the current United States Domestic Courier Market size?

In 2024, the United States Domestic Courier Market size is expected to reach USD 140.60 billion. Read More

Who are the key players in United States Domestic Courier Market?

FedEx, International Distributions Services (including GLS), OnTrac, United Parcel Service of America, Inc. (UPS) and USPS are the major companies operating in the United States Domestic Courier Market. Read More

Which segment has the biggest share in the United States Domestic Courier Market?

In the United States Domestic Courier Market, the E-Commerce segment accounts for the largest share by end user industry. Read More

Which is the fastest growing segment in the United States Domestic Courier Market?

In 2024, the E-Commerce segment accounts for the fastest growing by end user industry in the United States Domestic Courier Market. Read More

What years does this United States Domestic Courier Market cover, and what was the market size in 2023?

In 2023, the United States Domestic Courier Market size was estimated at 140.60 billion. The report covers the United States Domestic Courier Market historical market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. The report also forecasts the United States Domestic Courier Market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. Read More

United States Domestic Courier Market Trends

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Market Trends of united states domestic courier Industry

The US dominates with 86% of regional GDP contribution, fueled by an infrastructure program that boosts ports and supply chains

During the third quarter of 2022, the GDP of the transportation sector in the United States expanded from USD 536.40 billion in the second quarter to USD 550.40 billion due to heightened international trade activities propelling this growth. The intricate transportation and storage infrastructure network within the United States is a sophisticated mechanism to facilitate the movement of goods, individuals, and information across the nation. In 2022, the US government strategically allocated its federal spending on transportation and infrastructure, apportioning 39% toward highways, 28% to rail and mass transit, 22% to air travel, and 9% to water transportation.
In 2021, the transportation services sector, valued at USD 1.9 trillion, constituted 8.4% of the GDP. This sector demonstrated a strong recovery, achieving a YoY growth rate of 12.34% in its contribution to the GDP. This growth encompasses various aspects of transportation, including for-hire, in-house, and household contributions, all amounting to a combined total value of USD 642.60 billion.
In 2022, the US Department of Transportation revealed the Port Infrastructure Development Program by the Maritime Administration, securing over USD 703 million dedicated to bolstering 41 projects spanning 22 states and a territory. The primary goal of these initiatives is to amplify the capabilities of port facilities. The allocated funds are poised to enhance the dependability of supply chains by amplifying port capacity and durability, optimizing operational processes, reducing emissions originating from ports, and generating fresh job prospects within coastal seaports, Great Lakes ports, and inland river ports.

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The United States remained a net crude oil importer in 2022, importing about 6.28 million bpd of crude oil from 80 countries

The price of gasoline declined by 3.44% YoY and reached 0.847 USD/liter in 2022. In 2022, total petroleum exports were about 9.58 million barrels per day (b/d), and total petroleum imports were about 8.32 million b/d, making the United States an annual net total petroleum exporter for the third year in a row. Although the total annual petroleum exports of the United States were greater than total petroleum imports in 2020, 2021, and 2022, the United States still imported some crude oil and petroleum products from other countries to help supply domestic demand for petroleum and to supply international markets. The United States remained a net crude oil importer in 2022, importing about 6.28 million b/d of crude oil from 80 countries. Some of the crude oil that the United States imports is refined by US refineries into petroleum products such as gasoline, heating oil, diesel fuel, and jet fuel.
The prices of diesel witnessed the maximum YoY growth rate of 29.16% in 2022 and reached 1.24 USD/liter. Unlike gas and jet fuel, demand for diesel recovered at a much faster pace from the pandemic. Diesel is used for transporting goods as well as powering construction, farming, and military vehicles and equipment.
Many western states faced higher gas prices because of limited refining capacity. However, several refinery accidents throughout the year caused spikes in other regions as well. The average diesel fuel consumption in the United States amounted to around 3.85 million barrels daily in June 2023. Greater demand for North American diesel by Europe in the wake of the war in Ukraine kept diesel prices high.