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Courier And Local Delivery Services Market in the US to Record a CAGR of 4.25%, Vendors to Form Strategic Partnerships - Technavio

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The courier and local delivery services market in the US is fragmented. Vendors are deploying growth strategies such as forming strategic partnerships to compete in the market. The market is highly competitive, with the presence of established players and start-ups. A high degree of service customization and price differentiation intensifies the competition. Established players are incorporating IT capabilities in their services to improve the efficiency of courier and local delivery operations.

The courier and local delivery services market size in the US is expected to grow by USD 26.66 million. In addition, the growth momentum of the market will accelerate at a CAGR of 4.25% during the forecast period, according to Technavio. The growing B2C e-commerce market in the US is driving the market. However, factors such as the increasing adoption of in-house delivery units by retailers may challenge market growth.

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Courier and Local Delivery Services Market in the US 2022-2026: Scope

The report on the courier and local delivery services market in the US covers the following areas:

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Courier and Local Delivery Services Market in the US 2022-2026: Segmentation

  • Delivery Type
  • Parcel Type

Courier and Local Delivery Services Market in the US 2022-2026: Revenue-generating Delivery Type Segment

The ground segment will be the largest contributor to market growth during the forecast period. This growth of the consumer electronics segment is expected to increase the demand for ground delivery services. In addition, the rising Internet penetration globally has supported the growth of the ground segment of the courier and local delivery services market in the US.

Courier and Local Delivery Services Market in the US 2022-2026: Vendor Analysis

A1 Express Delivery Service Inc., AfterShip Ltd., ArcBest Corp., Courier Express, Deutsche Post DHL Group, FedEx Corp., LaserShip Inc., Life Science Outsourcing Inc., NAPAREX, PITT OHIO, Power Link Expedite Corp., Purolator Inc., Ryder System Inc., Spee-Dee Delivery Service Inc., Target Corp., Uber Technologies Inc., United Parcel Service Inc., US Cargo, XPO Logistics Inc., and Royal Mail Plc are among some of the major market participants.

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Courier and Local Delivery Services Market in the US 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist courier and local delivery services market growth in the US during the next five years
  • Estimation of the courier and local delivery services market size in the US and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the courier and local delivery services market in the US
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of courier and local delivery services market vendors in the US

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Courier And Local Delivery Services Market In US Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2022-2026

USD 26.66 million

Market structure

Fragmented

YoY growth (%)

2.51

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A1 Express Delivery Service Inc., AfterShip Ltd., ArcBest Corp., Courier Express, Deutsche Post DHL Group, FedEx Corp., LaserShip Inc., Life Science Outsourcing Inc., NAPAREX, PITT OHIO, Power Link Expedite Corp., Purolator Inc., Ryder System Inc., Spee-Dee Delivery Service Inc., Target Corp., Uber Technologies Inc., United Parcel Service Inc., US Cargo, XPO Logistics Inc., and Royal Mail Plc

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Service Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 10: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
    • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 15: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service Type

  • 5.1 Market segments
    • Exhibit 22: Chart on Service Type - Market share 2021-2026 (%)
    • Exhibit 23: Data Table on Service Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Service Type 
    • Exhibit 24: Chart on Comparison by Service Type
    • Exhibit 25: Data Table on Comparison by Service Type
  • 5.3 Ground - Market size and forecast 2021-2026 
    • Exhibit 26: Chart on Ground - Market size and forecast 2021-2026 ($ million)
    • Exhibit 27: Data Table on Ground - Market size and forecast 2021-2026 ($ million)
    • Exhibit 28: Chart on Ground - Year-over-year growth 2021-2026 (%)
    • Exhibit 29: Data Table on Ground - Year-over-year growth 2021-2026 (%)
  • 5.4 Express - Market size and forecast 2021-2026 
    • Exhibit 30: Chart on Express - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Data Table on Express - Market size and forecast 2021-2026 ($ million)
    • Exhibit 32: Chart on Express - Year-over-year growth 2021-2026 (%)
    • Exhibit 33: Data Table on Express - Year-over-year growth 2021-2026 (%)
  • 5.5 Deferred - Market size and forecast 2021-2026 
    • Exhibit 34: Chart on Deferred - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Data Table on Deferred - Market size and forecast 2021-2026 ($ million)
    • Exhibit 36: Chart on Deferred - Year-over-year growth 2021-2026 (%)
    • Exhibit 37: Data Table on Deferred - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Service Type 
    • Exhibit 38: Market opportunity by Service Type ($ million)

6 Market Segmentation by Product Type

  • 6.1 Market segments
    • Exhibit 39: Chart on Product Type - Market share 2021-2026 (%)
    • Exhibit 40: Data Table on Product Type - Market share 2021-2026 (%)
  • 6.2 Comparison by Product Type 
    • Exhibit 41: Chart on Comparison by Product Type
    • Exhibit 42: Data Table on Comparison by Product Type
  • 6.3 B2C - Market size and forecast 2021-2026 
    • Exhibit 43: Chart on B2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Data Table on B2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Chart on B2C - Year-over-year growth 2021-2026 (%)
    • Exhibit 46: Data Table on B2C - Year-over-year growth 2021-2026 (%)
  • 6.4 B2B - Market size and forecast 2021-2026 
    • Exhibit 47: Chart on B2B - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Data Table on B2B - Market size and forecast 2021-2026 ($ million)
    • Exhibit 49: Chart on B2B - Year-over-year growth 2021-2026 (%)
    • Exhibit 50: Data Table on B2B - Year-over-year growth 2021-2026 (%)
  • 6.5 C2C - Market size and forecast 2021-2026 
    • Exhibit 51: Chart on C2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Data Table on C2C - Market size and forecast 2021-2026 ($ million)
    • Exhibit 53: Chart on C2C - Year-over-year growth 2021-2026 (%)
    • Exhibit 54: Data Table on C2C - Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by Product Type 
    • Exhibit 55: Market opportunity by Product Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 57: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape
    • Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 59: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 60: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 61: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 62: Matrix on vendor position and classification
  • 10.3 A1 Express Delivery Service Inc. 
    • Exhibit 63: A1 Express Delivery Service Inc. - Overview
    • Exhibit 64: A1 Express Delivery Service Inc. - Product / Service
    • Exhibit 65: A1 Express Delivery Service Inc. - Key offerings
  • 10.4 AfterShip Ltd.
    • Exhibit 66: AfterShip Ltd. - Overview
    • Exhibit 67: AfterShip Ltd. - Product / Service
    • Exhibit 68: AfterShip Ltd. - Key offerings
  • 10.5 ArcBest Corp.
    • Exhibit 69: ArcBest Corp. - Overview
    • Exhibit 70: ArcBest Corp. - Business segments
    • Exhibit 71: ArcBest Corp. - Key offerings
    • Exhibit 72: ArcBest Corp. - Segment focus
  • 10.6 Courier Express
    • Exhibit 73: Courier Express - Overview
    • Exhibit 74: Courier Express - Product / Service
    • Exhibit 75: Courier Express - Key offerings
  • 10.7 Deutsche Post DHL Group 
    • Exhibit 76: Deutsche Post DHL Group - Overview
    • Exhibit 77: Deutsche Post DHL Group - Business segments
    • Exhibit 78: Deutsche Post DHL Group - Key news
    • Exhibit 79: Deutsche Post DHL Group - Key offerings
    • Exhibit 80: Deutsche Post DHL Group - Segment focus
  • 10.8 FedEx Corp.
    • Exhibit 81: FedEx Corp. - Overview
    • Exhibit 82: FedEx Corp. - Business segments
    • Exhibit 83: FedEx Corp. - Key offerings
    • Exhibit 84: FedEx Corp. - Segment focus
  • 10.9 LaserShip Inc.
    • Exhibit 85: LaserShip Inc. - Overview
    • Exhibit 86: LaserShip Inc. - Product / Service
    • Exhibit 87: LaserShip Inc. - Key offerings
  • 10.10 Life Science Outsourcing Inc. 
    • Exhibit 88: Life Science Outsourcing Inc. - Overview
    • Exhibit 89: Life Science Outsourcing Inc. - Product / Service
    • Exhibit 90: Life Science Outsourcing Inc. - Key offerings
  • 10.11 NAPAREX
    • Exhibit 91: NAPAREX - Overview
    • Exhibit 92: NAPAREX - Product / Service
    • Exhibit 93: NAPAREX - Key offerings
  • 10.12 Royal Mail Plc
    • Exhibit 94: Royal Mail Plc - Overview
    • Exhibit 95: Royal Mail Plc - Business segments
    • Exhibit 96: Royal Mail Plc - Key offerings
    • Exhibit 97: Royal Mail Plc - Segment focus

11 Appendix

  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 98: Inclusions checklist
    • Exhibit 99: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 100: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 101: Research methodology
    • Exhibit 102: Validation techniques employed for market sizing
    • Exhibit 103: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 104: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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Email: media@technavio.com
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