U.S Courier Service Market 2022-2027

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    U.S COURIER SERVICE MARKET

     

    INTRODUCTION

     

    Courier service is a service given to people for sending parcels or consignments from one location to another location. Courier service is quick or fast, door to door pickup and delivery service for goods and documents. It provides domestic as well as International services. 

     

    Infographic-U.S Courier Service Market, U.S Courier Service Market Size, U.S Courier Service Market Trends, U.S Courier Service Market Forecast, U.S Courier Service Market Risks, U.S Courier Service Market Report, U.S Courier Service Market Share

     

    U.S. Courier Service is an all-inclusive service which collects and delivers parcels in the shortest time possible. The advantages of using courier service are Speed, Safe, affordable service cost. 

     

    U.S COURIER SERVICE MARKET SIZE AND FORECAST

     

    The U.S Courier Service market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.

     

    RECENT DEVELOPMENTS IN U.S COURIER SERVICE MARKET

     

    Sl. No. Company Year Developments
    UPS March, 2022
    • UPS partnered with DoorDash delivery  for shipment returns. 
    LaserShip Inc. Oct, 2021
    • LaserShip bought OnTrac Logistics Inc. in an approximately $1.3 billion 
    TFI International Nov, 2021
    • TFI International expanded refrigerated services by acquiring D&D Sexton.
    TFI International Mach, 2022
    • TFI International received consensus recommendation to “Buy” from analysts. 

     

    RECENT ACQUISITIONS IN U.S COURIER SERVICE MARKET

    UPS has acquired Delivery Solutions, a Texas-based Software-as-a-Service (SaaS) company that offers retailers “out-of-the-box” same-day delivery options. Additionally, Delivery Solutions’ technology platform offers curbside and in-store pick-up options, helps retailers ship from warehouses and stores, and assists with distribution.

     

    Retailers can use it to manage the post-purchase experience of their customers. As businesses increasingly seek an omnichannel approach that is experience-driven, the technology will increase flexibility and create a compelling online shopping experience.

     

    By engaging with an ecosystem of same-day delivery providers after UPS starts using the Delivery Solutions platform, they will be able to better meet delivery needs. Delivery Solutions will function independently under the same management as an agnostic, multi-carrier platform and will share the same brand.

     

    By working together, Delivery Solutions customers will be able to offer omnichannel shopping experiences that include express, same-day, and next-day delivery, giving retailers of all sizes dependable, quick, and effective shipping.

     

    U.S COURIER SERVICE MARKET DYNAMICS

    Amazon is on track to overtake UPS and FedEx as the leading package delivery service in the United States by early 2022. They anticipate becoming one of the world’s largest carriers. Amazon has been progressively expanding its logistics and fulfilment capabilities.

     

    Its purpose was to have more control over how products were delivered to customers’ homes. Thousands of last-mile delivery companies transport items solely for Amazon, as well as a growing in-house network of planes, trucks, and ships, according to the retail behemoth. It has also strewn warehouses and aviation hubs across the country to expedite goods.

     

    With these technologies, Amazon would be able to compete with major carriers such as UPS, FedEx, and the US Postal Service in the future. Its shipping activities are rapidly expanding, making it the country’s fourth-largest delivery business.

     

    During this year’s holiday shopping season, which has been exceptionally difficult due to the ongoing coronavirus pandemic, a worldwide supply chain constraint, and labour shortages, Amazon’s in-house delivery operations have become a huge advantage.

     

    Amazon has started delivering cargo to new ports to circumvent congestion, in addition to using its own trucks and planes.

     

    GoBolt, a Toronto-based provider of supply chain technology, has announced the introduction of a green small packet delivery service in the United States and Canada. The company’s expanding fleet of electric cars and a partnership with sustainability technology company EcoCart to offset carbon emissions power the service.

     

    The bulky and large orders that GoBolt’s electric last-mile delivery network mostly served include things like couches, exercise cycles, and refrigerators. However, after purchasing same-day delivery firm BoxKnight, the company was prepared to expand into small packages.

     

    GoBolt’s decision to extend last-mile delivery services to tiny packages was a logical progression as they attempted to expand their first-party logistics network.

     

    FedEx’s decision to reduce Sunday delivery service in remote areas of the U.S. is the most recent indication that the COVID-19-inspired e-commerce boom is coming to an end. The ground unit of the courier will provide less service in less populated and rural areas, hence restricting its reach. For its Sunday deliveries, United Parcel Service mostly uses the U.S. Postal Service.

     

    U.S COURIER SERVICE NEW LAUNCH

    The Amazon Air express network’s unrelenting expansion continued with the addition of daily service to Omaha, Nebraska. Amazon announced that an ATR72-500 turboprop operated by partner Silver Airways arrived at Eppley Airfield from its regional air hub in Fort Worth, Texas.

     

    GAT Airline Ground Support is in charge of package handling at the airport.

     

    Prime members in Nebraska and western Iowa will benefit from faster deliveries thanks to the daily service, which will support rising demand for online goods in those areas. In the Omaha area, Amazon operates two delivery locations.

     

    Wichita, Kansas is now served by Amazon Air. In the last year, it has added around a dozen new locations to its network.

     

    Amazon’s latest outsourced transportation partner is Silver Airways, a privately operated regional airline based in Fort Lauderdale, Florida, that conducts passenger service in the Southeast, Bahamas, and Caribbean with small propeller aircraft and seaplanes. It started flying for Amazon out of Alliance Fort Worth Airport, serving Des Moines, Iowa, and Albuquerque, New Mexico.

     

    COMPANY PROFILES

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average transaction price in the U.S Courier Service Market right now and how will it change in the next 5-6 years? 
    2. Market share of U.S Courier Service Market providers and their upcoming products.
    3. Cost advantage for OEMs who provide U.S Courier Service in-house.
    4. 5 key predictions for the next 5 years in the U.S Courier Service Market.
    5. Latest trends in U.S Courier Service Market, by every market segment
    6. The market size (both volume and value) of U.S Courier Service Market in 2022-2027 and every year in between
    7. Global production breakup of U.S Courier Service Market, by suppliers and their OEM relationship
    8. What is happening overall in the U.S Courier Service market.
    9. Who are the major players in the U.S Courier Service market.
    10. What are the business opportunities in U.S Courier Service Market
    11. What is the target group ?
    12. What are the strategies for the U.S Courier Service market in the next 5 years?
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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