$165.1bn
$X.Xbn
1m
393k
$XX.Xbn
The industry comprises two segments: larger couriers and smaller local delivery companies. Together, these segments cater to various consumers, with demand for each segment differing based on the services offered. Specifically, downstream demand for courier services comes from manufacturers and retailers across the country, while demand for local delivery services is derived from households and other local markets. Although the markets for each segment differ, demand for each segment tends to fluctuate in line with consumer spending, the number of businesses and e-commerce sales, all of which have grown in recent years. The onset of the COVID-19 pandemic exacerbated the already strong trend away from brick-and-mortar stores and toward e-commerce platforms, increasing demand for delivery services. As a result, industry revenue is expected to grow at a CAGR of 5.9% to $165.1 billion over the past five years, including an increase of 4.1% in 2023 alone.
Industry revenue has grown at a CAGR of 5.9 % over the past five years, to reach an estimated $165.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
United Parcel Service, Inc. | 72,390.0 | 8,078.2 | 11.2 | |
FedEx Corporation | 31,574.2 | 2,470.5 | 7.8 | |
Deutsche Post Ag | 2,651.2 | 144.2 | 5.4 |
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Industry revenue is measured across several distinct product and services lines, including Air transit services, Ground deliveries and Other services including messengers and local deliveries. Air transit services is the largest segment of the Couriers & Local Delivery Services in the US.
Ground delivery accounts for more than 60.0% of industry revenue
This report combines two segments: couriers and local delivery services. Operators in the couriers segment primarily engage in delivery services between urban centers using a network of air and surface transportation systems. Conversely, operators in the local delivery services segment provide delivery services within a single urban area and are excluded from courier networks.
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NAICS 492110 - Couriers & Local Delivery Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Post-pandemic economic growth has boosted revenue growth. Consumer spending and per capita disposable income have increased while unemployment has also declined.
Learn about an industry's products and services, markets and trends in international trade.
Consumer preferences have shifted in favor of more efficient ground transport. As a result, ground delivery services account for the biggest chunk of revenue.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
High-population areas have the highest demand for industry services. High competition in these areas also drives innovation.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Consumers choose a company based on price and service quality. This is because customers have limited delivery options.
Learn about the performance of the top companies in the industry.
This industry is dominated by UPS and FedEx. These two companies account for more than 73.0% of the market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Demand for shipping services increases during holidays, proving to be more cyclical than anything. Thus retailers and e-commerce businesses endure a surge in orders for gifts...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Larger companies control costs by implementing automation technology. Smaller companies may not have access to automation technology.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Couriers & Local Delivery Services in the US industry in United States is $165.1bn in 2024.
There are 393k businesses in the Couriers & Local Delivery Services in the US industry in United States, which has grown at a CAGR of 1.2 % between 2018 and 2023.
The market size of the Couriers & Local Delivery Services in the US industry in United States has been growing at a CAGR of 5.9 % between 2018 and 2023.
Over the next five years, the Couriers & Local Delivery Services in the US industry in United States is expected to grow.
The biggest companies operating in the Couriers & Local Delivery Services market in United States are United Parcel Service, Inc., FedEx Corporation and Deutsche Post Ag
Providing air courier services and Providing general courier services (intercity network) are part of the Couriers & Local Delivery Services in the US industry.
The company holding the most market share in United States is United Parcel Service, Inc..
The level of competition is high and steady in the Couriers & Local Delivery Services in the US industry in United States.