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United States Courier, Express and Parcel (CEP) Market Report by Service Type (B2B (Business-to-Business), B2C (Business-to-Consumer), C2C (Customer-to-Customer)), Destination (Domestic, International), Type (Air, Ship, Subway, Road), End Use Sector (Services (BFSI- Banking, Financial Services and Insurance), Wholesale and Retail Trade (E-commerce), Manufacturing, Construction and Utilities, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3162
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Market Overview:
The United States courier, express and parcel (CEP) market size reached US$ 132.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 172.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 132.5 Billion |
| Market Forecast in 2032 | US$ 172.2 Billion |
| Market Growth Rate 2024-2032 | 2.9% |
Courier, express and parcel, or CEP, refer to a collection of services that deliver goods and documents through the land, air, and waterways across various locations. It is used for delivering packages that are non-palletized and usually weigh around a hundred pounds collectively. CEP services operate on business-to-business (B2B), business-to-customer (B2C), and customer-to-customer (C2C) models and enhance the experience of delivering to the customers. In the United States, the CEP industry is constantly undergoing rapid transformation, paving the path for innovations in the upcoming years.
The United States courier, express and parcel (CEP) market is primarily driven by the constantly evolving e-commerce industry due to the significant penetration of the internet. The United States accounts for the highest share of the CEP industry in the North American region, with a highly integrated supply chain network that links producers and consumers through multiple transportation modes. Additionally, the increasing customer expectations for quicker and faster delivery has led to the growth of on-demand courier companies like UberRUSH and Postmates, which offer quick delivery services, thereby positively impacting the market growth. The market is further bolstered by the rising customer expenditure capabilities in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the United States courier, express and parcel (CEP) market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on service type, destination, type and end use sector.
Breakup by Service Type:
- B2B (Business-to-Business)
- B2C (Business-to-Consumer)
- C2C (Customer-to-Customer)
Breakup by Destination:
- Domestic
- International
Breakup by Type:
- Air
- Ship
- Subway
- Road
Breakup by End Use Sector:
- Services (BFSI- Banking, Financial Services and Insurance)
- Wholesale and Retail Trade (E-commerce)
- Manufacturing, Construction and Utilities
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Service Type, Destination, Type, End Use Sector, Region |
| Region Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The United States Courier, Express and Parcel (CEP) market was valued at US$ 132.5 Billion in 2023.
We expect the United States Courier, Express and Parcel (CEP) market to exhibit a CAGR of 2.9% during 2024-2032.
The growing integration of various digital technologies with the crowdsourced delivery models to enhance operational efficiency and cater to the requirements of the customers effectively is primarily driving the United States Courier, Express and Parcel (CEP) market.
The sudden outbreak of the COVID-19 pandemic has led to the rising demand for Courier, Express and Parcel (CEP) services, owing to the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of numerous goods and products across the nation.
Based on the service type, the United States Courier, Express and Parcel (CEP) market has been segmented into B2B (Business-to-Business), B2C (Business-to-Consumer), and C2C (Customer-to-Customer), where B2B (Business-to-Business) currently holds the majority of the total market share.
Based on the destination, the United States Courier, Express and Parcel (CEP) market can be divided into domestic and international. Currently, domestic exhibits a clear dominance in the market.
Based on the type, the United States Courier, Express and Parcel (CEP) market has been categorized into air, ship, subway, and road. Among these, road currently accounts for the largest market share.
Based on the end use sector, the United States Courier, Express and Parcel (CEP) market can be segregated into services (BFSI- Banking, Financial Services and Insurance), wholesale and retail trade (e-commerce), manufacturing, construction and utilities, and others. Currently, services (BFSI- Banking, Financial Services and Insurance) exhibit a clear dominance in the market.
On a regional level, the market has been classified into Northeast, Midwest, South, and West, where West currently dominates the United States Courier, Express and Parcel (CEP) market.
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