Published on Oct 6, 2022.

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.

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:

• Courier and Local Delivery Services Market in the US Size
• Courier and Local Delivery Services Market in the US Trends
• Courier and Local Delivery Services Market in the US Industry Analysis

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

• Delivery Type
• Ground
• Express
• Deferred
• Parcel Type
• B2C
• B2B
• C2C

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.

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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