Courier and Local Delivery Market size to grow by USD 23.18 million | Market Research Insights highlight the increasing demand from medical and healthcare industries as Key Driver

Seller Insights

Global courier services and local delivery services are fragmented and sellers deploy various organic and inorganic growth strategies to compete in the market.

The increasing competition in the market forces the sellers to adopt various growth strategies such as promotional activities and advertising spending to improve the visibility of their services. Some sellers are also adopting inorganic growth strategies like M&A to stay competitive in the market.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

  • A1 Express Delivery Service Inc.
  • ArcBest Corp.
  • Express Mail
  • German Post AG
  • General Logistics Systems BV
  • naparex
  • Rider System Inc.
  • Spee-Dee Delivery Service Inc.
  • United Parcel Service Inc.
  • US Shipping

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Major Sector Analysis

The growth of the market share of courier services and domestic delivery in the United States by Piece of land It will be important during the forecast period. Domestic delivery and courier services market in United State It is very competitive, with well-known competitors as well as startups. In terms of service customization and price differentials, these players have a high level of competitiveness. However, in the US courier and domestic delivery services industry, the intensity of entry for a new player is greater than the frequency of acquisition. To enhance the effectiveness of local deliveries and deliveries, established players are implementing IT capabilities in their services.

B2C segment by package type is another segment that leads the market for courier and domestic delivery services. The retail grocery market is also seeing an increase in the demand for courier services and local delivery. With the growing popularity of online shopping, buying food online is a beneficial and cost-effective option for individuals. As a result, many e-retailers are increasing their investment in online food sales. As a result, local pickup and delivery service providers in United State You are more likely to compete in terms of personal groceries.

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Key Market Drivers and Trends:

the Expanding the B2C e-commerce market One of the main reasons driving the growth in the courier and local delivery services market in United State. The rise of the e-commerce business is supported by the increased penetration of the Internet and greater parity of purchasing power around the world United State. in a North AmericaAnd United State It is the main contributor to the e-commerce market. Leading suppliers providing courier delivery services for B2C e-commerce business in United State It is the United Parcel Service of America and FedEx. To achieve a competitive advantage in the market, electronic traders are working to reduce lead times. Each end user has a different demand for courier and local delivery services. This is because customers are willing to pay a premium for expedited product delivery. Changes in end-user requirements and e-retail are driving up the demand for courier services in the B2C e-commerce business.

Another key element that drives the expansion of the domestic delivery and courier services market share in United State It is automation. in a United State, independent logistics is likely to gain momentum in the courier and local delivery services markets. This is because increased fuel, maintenance and labor costs reduce the profitability of logistics companies. It is expected that autonomous logistics will increasingly replace manual labor as it gives more accurate results and reduces work errors. Moreover, it shortens the time taken for logistics activities by about 80% to 85%. The involvement of robots in logistics operations is expected to improve the efficiency of sellers in the US domestic delivery services market by about 25%-27%.

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The scope of the US domestic delivery and courier services market

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 4%

Market Growth 2021-2025

$23.18 million

Market Structure, Market Structure

fragmented

Annual Growth (%)

2.50

Regional Analysis

we

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

An overview of the main companies

A1 Express Delivery Service Inc. and ArcBest Corp. and Courier Express, Deutsche Post AG, General Logistics Systems BV, NAPAREX, and Ryder System Inc. and Spee-Dee Delivery Service Inc. and United Parcel Service Inc.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, analysis of COVID-19 impact, recovery and future consumer dynamics, analysis of market status for the forecast period

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions.

https://www.technavio.com/report/courier-and-local-delivery-services-market-in-us-industry-analysis

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