DUBLIN--(BUSINESS WIRE )--The "United States International Courier, Express, and Parcel (CEP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

United States International CEP market is expected to grow at a CAGR of more than 5% during the forecast period. The market is primarily driven by the constantly evolving e-commerce industry due to the significant penetration of the internet.

Due to COVID-19, there is an increase in online shopping. Such a rapidly growing adoption of online shopping across the country has brought increased volume for express deliveries and parcels. New technologies and changing customer demands have seen a dramatic shift in the strategic priorities of all post and parcel players in United States. Digital transformation is a driver, and the impact is being felt in delivery demand and supply, returns, and cross-border e-commerce. Technological developments like the introduction of drone delivery services and e-locker delivery systems are further creating opportunities for start-ups to enter the market.

The new approach such as Crowdsourcing Courier Service is serving new consumer demands, such as faster deliveries at cheaper prices. The country is experiencing fast growth in the B2C market as compared to the B2B market, mainly due to the growth of the e-commerce market. This has caused the carriers to expand their product portfolio to cater to varied consumer demands, such as instant deliveries and locker services. The market is further bolstered by the rising customer expenditure capabilities in the country.

Courier Industry Witnessing Lucrative Growth

E-commerce growth and the COVID-19 pandemic are fueling the parcel shipping market, as consumers are ordering more online. With more consumers moving from offline to online shopping, courier companies have witnessed a rise in businesses delivering goods amid the COVID-19 pandemic restrictions, especially during festivals and holiday seasons. Delivery companies have managed to book growth amid the pandemic-induced economic downturn.

This led to a 37 percent growth in volume, with 20 billion parcels being shipped in United States, and parcel revenue increasing by 29 percent to 171 billion USD in 2020. In 2020, around 640 parcels were shipped per second, compared with 466 in 2019. Between 2015 and 2020, United States parcel volume doubled from 10 billion to 20 billion. The rise in e-commerce had a huge impact on 2020's monumental parcel shipping volumes. In 2020, there were 70,700 couriers and messengers in United States.

Furthermore, courier and messenger industry also registered robust growth amid the pandemic. In Q4 2021, the revenue of courier market experienced a growth rate of 13.8% compared to Q3 2021, also registered a growth rate of more than 11% compared to Q4 2020. The total revenue in 2021 accounted for more than USD 137.91 billion compared to USD 117.1 billion in 2020.

Rise in e-Commerce Sector to Boost the International CEP Market in United States

The e-commerce market in United States has been constantly evolving over the past decade. Retail e-commerce sales in United States are projected to grow at a fast pace in the coming years, going from roughly 470 billion USD in 2021 to over 560 billion USD in 2025. Customer satisfaction with online retail in United States is relatively high. However, online sales still represent only a small share of all retail sales in United States. Meanwhile, more than 307 million internet users are present in the country in January 2021, in which eight out of every ten internet users in United States are making online purchases. Online retailers and brand websites are popular e-commerce channels but online marketplaces and social media are gaining in relevance among online shoppers.

A growing trend within the e-commerce market in United States is the increasing presence of mobile shopping. Smartphones are the most used device to buy online in United States. This large base of mobile buyers has an impact on mobile commerce revenue. The average value spent per order while shopping from a cellphone is also catching up when compared to desktop, even though conversion rates still lag in the mobile segment.

The United States International Courier, Express, and Parcel (CEP) Market is relatively fragmented in nature. To leverage the opportunity of fast growth in the CEP industry, many new start-ups based in the United States or expanding from other countries have entered the market. As a result of increasing market activity, the industry observes high competition among the players. Major players are United Parcel Service, Inc., FedEx Corporation, DHL, Aramex New York Ltd., and TForce Logistics.

1.1 Study Assumptions and Market Definition

4.4 Overview of the Logistics and Warehousing Market in United States

4.5 Spotlight on Cross-Border Transportation in United States

4.6 Brief on United States Freight Forwarding Market

4.7 Spotlight on United States e-Commerce Sector

4.8 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and on the Economy)

5.4.2 Bargaining Power of Buyers/Consumers

7.1 Overview (Market Concentration and Major Players)

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900