Couriers and Messengers - 2024 U.S. Market Research Report with Updated Analysis & Forecasts
The 78-page 2024 Couriers and Messengers Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2015-2028.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Couriers and Messengers industry includes companies primarily engaged in providing intercity, local, and/or international delivery of parcels and documents (including express delivery services) without operating under a universal service obligation. The restriction to small parcels partly distinguishes these companies from those in the transportation industries. The complete network of courier services companies also distinguishes these transportation services from local messenger and delivery companies in this subsector. This includes the companies that perform intercity transportations well as companies that, under contract to them, perform local pick-up and delivery. Messengers, which usually deliver within a metropolitan or single urban area, may use bicycle, foot, small truck, or van.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:INDUSTRY SIZEIn 2023, industry sales were $161.5 billion
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INDUSTRY GROWTHOver the past 5 years, the industry has grown at an annual rate of 10.5%
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COMPANY GROWTHThere are 8,896 companies in the industry
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SALES PER COMPANYIn 2023, the average sales per company was $18.2 million
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INFLATION & PRICINGInflation has averaged 6.6% over the past 5 years
The report has historicals (2015-2023), 4 years of monthly figures, and 2024 & 5-year forecast
PROFITABILITYFor unprofitable companies, the average net loss is -5.1%
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RIGHTSIZING ANALYSISEmployee productivity is $231,745
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EXPENSE BENCHMARKING5.7% of expenses is spent on health insurance
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OPERATING EXPENSESIn 2023, industry operating expenses grew 7.7%
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PAYROLL BY STATECalifornia averages $55,741 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS1.7% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGESThe average industry hourly pay for office and administrative jobs is $20.58
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The above stats represent a small fraction of what you will find in this report.
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NAICS CODE: 492