Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of 14%, the courier and local delivery services market in us is expected to post an incremental growth of $ 23.18 mn over the next five years. A1 Express Delivery Service Inc., ArcBest Corp., Courier Express, Deutsche Post AG, General Logistics Systems BV, NAPAREX, Ryder System Inc., Spee-Dee Delivery Service Inc., United Parcel Service Inc., and US Cargo are among the key market players. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Courier And Local Delivery Services Market In US: Market Segments and Key Trends
The Courier and local delivery services market in us is segmented by Type (Ground, Express, and Deferred) and Distribution channel (B2C, B2B, and C2C). US led the market with 100% of the market growth set to originate from this region during the forecast period. Increasing adoption of in-house delivery units by retailers is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Courier And Local Delivery Services Market In US: Top Drivers to Boost Demand
The increasing demand from medical and healthcare industries is one of the primary factors driving the growth of the courier and local delivery services market in us. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Courier And Local Delivery Services Market In US Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025
Courier and local delivery services market in us is set to post an incremental growth of $ 23.18 mn during 2021-2025. The market will progressing at a CAGR of over 4% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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Courier And Local Delivery Services Market In US: Market Segments and Key Trends
The Courier and local delivery services market in us is segmented by Type (Ground, Express, and Deferred) and Distribution channel (B2C, B2B, and C2C). US led the market with 100% of the market growth set to originate from this region during the forecast period. Increasing adoption of in-house delivery units by retailers is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Courier And Local Delivery Services Market In US: What are the Growth Drivers?
The increasing demand from medical and healthcare industries is one of the primary factors driving the growth of the courier and local delivery services market in us. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Courier And Local Delivery Services Market In US: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A1 Express Delivery Service Inc., ArcBest Corp., Courier Express, Deutsche Post AG, General Logistics Systems BV, NAPAREX, Ryder System Inc., Spee-Dee Delivery Service Inc., United Parcel Service Inc., and US Cargo are some of the major market participants.
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Courier And Local Delivery Services Market In US: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
The courier and local delivery services market in the US has the potential to grow by USD 23.18 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.25%.
This courier and local delivery services market research in the US report provides valuable insights on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by delivery type (ground, express, and deferred) and parcel type (B2C, B2B, and C2C). The courier and local delivery services market in the US report also offers information on several market vendors, including A1 Express Delivery Service Inc., ArcBest Corp., Courier Express, Deutsche Post AG, General Logistics Systems BV, NAPAREX, Ryder System Inc., Spee-Dee Delivery Service Inc., United Parcel Service Inc., and US Cargo among others. View Free Sample Report
Market Driver: Rise in demand from medical and healthcare industries to drive growth
The increasing demand from medical and healthcare industries is one of the primary factors for courier and local delivery services market growth in the US. Pharmaceutical retailers in the US are focusing on consumer-convenient sales methods. Many retailers are partnering with delivery players for priority and rush services for drug delivery. Vendors in the healthcare sector are increasingly adopting courier and local delivery services because they implement route optimization tools for tracking deliveries and ensuring efficiency. Such factors result in the high adoption of courier and local delivery services by medical and healthcare industries, boosting market growth.
Leading Product Segment: Consumer electronics segment
The growth of the consumer electronics segment is expected to increase the need for ground delivery services. In addition, manufacturers are engaged in strategic tie-ups with key e-commerce players. This also increased the share and growth rate of the automated parcel delivery terminals market, which will help in driving the market in focus. The growth of the ground market segment is expected to be significant during the forecast period.
Key Emerging Trend: Emergence of the e-locker delivery system
The emergence of the e-locker delivery system is one of the key courier and local delivery services market trends in US that will gain traction in the coming years. Courier and local delivery services are investing in an e-locker delivery system for e-commerce companies. E-locker system allows customers to opt for their package to be delivered to lockers while placing orders online. E-locker delivery system also eliminates the chance of failed delivery in case the receiver is not available at the delivery address. The above-mentioned factors increase the popularity of courier and local delivery services in the US, driving market growth.
Courier and Local Delivery Services Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. A1 Express Delivery Service Inc., ArcBest Corp., Courier Express, Deutsche Post AG, General Logistics Systems BV, NAPAREX, Ryder System Inc., Spee-Dee Delivery Service Inc., United Parcel Service Inc., and US Cargo are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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