US Express Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The United States Express Delivery Market is Segmented By Business (B2B, B2C), By Destination (Domestic and International), and By End-User (Services, Wholesale and Retail Trade, Manufacturing, Construction, Utilities, and Primary Industries). The report offers market size and forecasts in values (USD billion) for all the above segments.

US Express Delivery Market Size

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US Express Delivery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 8.00 %
Market Concentration Low

Major Players

US Express Delivery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Express Delivery Market Analysis

The United States Express Delivery Market is valued at USD 26 Billion and is expected to grow at a CAGR of more than 8% during the forecast period. The market is driven by the growth in e-commerce in the country. Furthermore, the market is driven by the growth in retail logistics in the country.

  • Because of the widespread use of the internet, the market is primarily driven by the ever-changing e-commerce business. There is an upsurge in internet buying as a result of COVID-19. The tremendous growth of online shopping across the country has increased the volume of expedited delivery and parcels. New technology and shifting customer needs have resulted in a drastic shift in the strategic focus of all US post and parcel players. The influence of digital transformation can be seen in delivery demand and supply, refunds, and cross-border e-commerce. Technological advancements, such as the advent of drone delivery services and e-locker delivery systems, are also presenting the potential for new entrants into the business.
  • Over the last decade, the e-commerce market in the United States has been constantly evolving. In the United States, customer satisfaction with internet retail is relatively high. However, online sales continue to account for a small portion of total retail sales in the United States. Meanwhile, in January 2021, the country has more than 307 million internet users, with eight out of every ten internet users in the United States making online purchases. Although online retailers and brand websites are popular e-commerce channels, online marketplaces and social media are growing in popularity among online shoppers. The increasing prevalence of mobile shopping in the US e-commerce business is a growing trend. Smartphones are the most popular online purchase in the United States. This massive base of mobile buyers has an impact on mobile commerce revenue. The average value spent per order while shopping from a cellphone is also catching up when compared to desktop, even though conversion rates still lag in the mobile segment.
  • The rising demand for delivery services in the e-commerce and retail sectors is propelling the worldwide express delivery market forward. Furthermore, the growing consumer preference for online shopping, combined with advancements in network technology, drives demand for express delivery services. Even major companies in the e-commerce business, such as Amazon and Flipkart, are cooperating with express delivery service providers to ensure faster and safer delivery of purchases worldwide. Furthermore, the growing focus of suppliers on cross-border and international trade is one of the key factors driving the market's rapid growth. However, high operating costs and a lack of infrastructure to support rapid delivery may limit the global express delivery market in the coming years. In contrast, technological advancements in delivery services have created an online distribution network and offer an improved experience which in turn propels the rate of revenue generation in the express delivery market.

US Express Delivery Market Trends

Increased E-commerce Sales Driving the Market

  • According to a Digital Commerce 360 analysis of US Department of Commerce numbers released Friday, US e-commerce revenues will exceed USD 1.03 trillion in 2022. This is the first time that e-commerce revenue has surpassed USD 1 trillion. This exceptional level of sales is accompanied by a minor increase in e-commerce penetration to 21.2% for the year, up from 21.0% in 2021. Year on year, e-commerce revenues increased by 7.7% in 2022. This is a significant decrease from the double-digit growth in each of the previous five years. E-commerce sales growth in 2022 remained somewhat higher than the Commerce Department's projected overall retail sales growth of 6.8% in 2022. Since the Commerce Department began tracking online sales, this is the closest yearly total sales growth has gotten to matching e-commerce sales growth.
  • In the United States, the B2C e-commerce business is predicted to maintain global pandemic-accelerated sales in 2022, with major retailers such as Amazon and Walmart set to gain from the country's rising online shopping tendencies. While sales growth slowed in 2021, total purchases remained far above pre-pandemic levels. This decrease in growth rate reflects the fact that consumers returned in-store for their purchases in 2021. While in-store sales increased last year, shoppers continued to buy their products online with the same zeal. The increased convenience of online buying, combined with enhanced fulfilment and delivery services provided by e-commerce companies, is likely to fuel the online shopping trend in the United States in the next years.
  • The metaverse can completely change the e-commerce business. Aside from providing instant gratification, the combination of metaverse and e-commerce has the potential to significantly influence customer purchase decisions and increase customer satisfaction. As a result, several e-commerce businesses are investing and innovating in the metaverse arena to provide a better purchasing experience for their customers. Walmart, one of the country's largest retailers, applied for many trademarks in December 2021, implying plans to begin selling virtual items such as toys, appliances, electronics, fashion, recreational equipment, home decor, and much more. In addition, as reported by Bloomberg, Walmart has filed trademarks for the names Verse to Curb, Verse to Home, and Verse to Store, indicating that the company is working on a new product.
US Express Delivery Market: Year-on-Year Change in Retail E-commerce Sales, United States, By Product Category, in Percentage (%), 2022

Growth in Retail Sector Driving the Market

  • Retail is becoming increasingly hybrid, just as hybrid office-remote work arrangements have become more popular. The border between brick-and-mortar and e-commerce is becoming increasingly blurred, and in this changing retail climate, many entrepreneurs are questioning how to best position their small enterprises for a successful year. Retail gurus predicted the retail trends to look out for this year. Technology is constantly reshaping the retail landscape, from self-service kiosks in stores to facilitating the e-commerce boom. However, with the rapid evolution of digital technology, artificial intelligence, and machine learning - as well as the need for retailers to differentiate themselves from the e-commerce crowd - tech adoption has become more pressing.
  • However, the retail outlook is not all doom and gloom; retailers have learned a lot about resilience in recent years. Massive changes in demand during the epidemic led retailers to reconsider old procedures in favour of more adaptable operations. They discovered that rapidly changing consumer preferences necessitate more effective analytics and tools for building loyalty. Despite gains in nominal income due to the strong labour market, inflation has reduced consumers' purchasing power. Despite an 8.3% increase in nominal average weekly earnings since December 2020, real earnings have declined by 5%. This will have an impact on consumer demand and, as a result, retail sales volume. Consumer spending on services has been continuously increasing as people return to pubs and restaurants, take holidays, and watch sporting events.
US Express Delivery Market: Total Retail Sales, United States, in USD Billion, 2017-2022

US Express Delivery Industry Overview

The United States Express Delivery Market appears to be highly fragmented and with the presence of several local, regional and global players. Some of the major players are Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Aramex PJSC, SF Express (Group) Co. Ltd, and many more. Vendors in the courier and local delivery services market in the US are adopting advanced technology and new services to increase their consumer base. 

US Express Delivery Market Leaders

  1. Deutsche Post DHL Group

  2. United Parcel Service Inc.

  3. FedEx Corporation

  4. Aramex PJSC

  5. SF Express (Group) Co. Ltd

*Disclaimer: Major Players sorted in no particular order

US Express Delivery Market Concentration
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US Express Delivery Market News

  • January 2023: Forward Air Corporation, an asset-light provider of transportation services in the United States, Canada, and Mexico, has agreed to pay USD 56.5 million for full-service expedited LTL carrier Land Air Express. Forward Air currently offers expedited LTL services such as local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage. This acquisition will hasten the expansion of our national terminal footprint, particularly in the Midwest, and we think it will strategically position us to better fulfil customers' present and future demands.
  • September 2022: Uber Technologies and Nuro, a leading autonomous vehicle company, have announced a multi-year collaboration to use Nuro's self-driving electric vehicles for food deliveries in the United States. Under the terms of the agreement, Uber Eats customers will be able to order meals and goods to be delivered by Nuro's zero-occupant autonomous delivery vehicles, which will operate on public roads and are designed specifically to transport food and other goods.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Government Regulations and Initiatives

    7. 4.7 Technological Trends in Industry

    8. 4.8 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)

    9. 4.9 Impact of COVID-19 on the Market (Short- and Long-term Effects on The Market and Economies in the United States)

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Business

      1. 5.1.1 B2B (Business-to-Business)

      2. 5.1.2 B2C (Business-to-Consumer)

    2. 5.2 By Destination

      1. 5.2.1 Domestic

      2. 5.2.2 International

    3. 5.3 By End User

      1. 5.3.1 Services (BFSI (Banking, Financial Services and Insurance))

      2. 5.3.2 Wholesale and Retail Trade (E-commerce)

      3. 5.3.3 Manufacturing, Construction, and Utilities

      4. 5.3.4 Primary Industries (Agriculture, and Other Natural Resources)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 Deutsche Post DHL Group

      2. 6.2.2 United Parcel Service Inc.

      3. 6.2.3 FedEx Corporation

      4. 6.2.4 SF Express (Group) Co. Ltd

      5. 6.2.5 OnTrac Inc.

      6. 6.2.6 Courier Express

      7. 6.2.7 Spee Dee Delivery Service Inc.

      8. 6.2.8 Aramex PJSC

      9. 6.2.9 A-1 Express Delivery Service Inc

      10. 6.2.10 YRC Worldwide*

    3. *List Not Exhaustive
    4. 6.3 Other Companies (Key Information/Overview)

      1. 6.3.1 (Amazon, Atlantic International Express, A-1 Express Logistics, USA Couriers, Postmates, Deliv, Routific, Roadie, American Expediting, Koch Cos Inc.)*

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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US Express Delivery Industry Segmentation

Express shipping is a type of expedited shipment. Air couriers are generally used, and arrangements are made to ensure that orders are delivered overnight or the next day. A complete background analysis of the United States Express Delivery Market, including the assessment of the economy and contribution of sectors in the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics and geographical trends, and COVID-19 impact, is covered in the report.

The United States Express Delivery Market is Segmented By Business (B2B, B2C), By Destination (Domestic and International), and By End-User (Services, Wholesale and Retail Trade, Manufacturing, Construction, & Utilities, Primary Industries). The report offers market size and forecasts in values (USD billion) for all the above segments.

By Business
B2B (Business-to-Business)
B2C (Business-to-Consumer)
By Destination
Domestic
International
By End User
Services (BFSI (Banking, Financial Services and Insurance))
Wholesale and Retail Trade (E-commerce)
Manufacturing, Construction, and Utilities
Primary Industries (Agriculture, and Other Natural Resources)
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Frequently Asked Questions

The US Express Delivery Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Aramex PJSC and SF Express (Group) Co. Ltd are the major companies operating in the US Express Delivery Market.

The report covers the US Express Delivery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Express Delivery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

US Express Delivery Industry Report

Statistics for the 2024 US Express Delivery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Express Delivery analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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US Express Delivery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)