The US Domestic Courier, Express, And Parcel Market size is estimated at USD 88.28 billion in 2024, and is expected to reach USD 133.17 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).
In 2022, online retailing in the US made up a huge chunk of retail sales. The Internet and online shopping have become more and more popular, and this has led to a boom in B2C online shopping in the US. It's expected that the B2C industry in the US will continue to grow over the next few years.
Online retailing has also changed the way people shop. Instead of going to a physical store to buy something, more and more people are choosing to shop online because of how easy it is and how convenient it is to do it from home. Shopping online also saves people a lot of time. The online retailing industry in the USA is expected to keep growing and investing more, which means there's a need for more last-mile delivery services.
The US CEP market is heavily influenced by the fast-changing e-commerce industry. Internet penetration is very high, and e-commerce stores rely on courier service providers to ship their products to their customers. With the increasing customer demand for faster delivery, on-demand courier providers such as Uber RUSH, Postmates, etc., are popping up in the U.S. market, boosting the overall market outlook.
US e-commerce sales reached an all-time high of USD 1.04 trillion in 2022, after registering an annual growth rate of 8.5%. The annual growth rate was less than half that of the prior year and was the slowest growth rate in at least 10 years, but it still managed to cross the USD 1 trillion mark.
The largest increase occurred in 2020, when total sales increased by 42.7%, six times the rate of growth in 2022.
The US domestic CEP market is fragmented. There is a domination of old players like FedEx, UPS, Amazon Logistics, etc., along with the market welcoming new entrants like Ontrac, Postmates, etc. Amazon has long been the most popular online marketplace in the world. In 2022, the company had over USD 500 billion in net sales. The United States is the most profitable market for Amazon. In 2022, its US subsidiary generated USD 356 billion in sales. Germany came in second with USD 33 billion, followed by the UK with USD 30 billion.
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