North America Express Delivery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Destination (Domestic and International), Business Type (B2B and B2C), and End-user (Automotive, Retail and E-commerce, Pharmaceuticals, BFSI, IT and Telecom, Electronics, and Others)
The US, Canada, and Mexico are among the significant economies of North America. Technological advancements have resulted in a highly competitive market in the region since growing populations are attracting many technological developments due to high spending power. The consumer electronics sector has flourished in the region. There is a relatively high density of consumer electronic devices, such as smartphones, in the region. This is likely to contribute to the growth of the North America express delivery market. Growth in the retail and e-commerce sector is also expected to drive the North American express delivery market by increasing the concentration of competition among the vendors. North America is the leading region in B2C e-commerce sales. It represents around 33% of the total worldwide e-commerce purchases. The region's high internet penetration drives the demand for the online retail and e-commerce industry, propelling the requirement for express delivery. As per the Census Bureau of the Department of Commerce, the US retail e-commerce sales were US$ 160.3 billion for the first quarter of 2020, an increase of 2.4% from the fourth quarter of 2019. Thus, the growth in the B2B sector is expected to create a significant demand for express delivery in the coming years, which is further anticipated to drive the express delivery market.
Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region. Millions of Americans sit at home in the midst of the COVID-19 crisis thereby reducing the rate of online shopping and their demand for express delivery of the purchased item across the region. However, the healthcare industry has been utilizing the services of the express delivery companies even during the outbreak of the pandemic. But the share of services utilized by other industries stands more when compared to the healthcare sector, thereby, impacting the market negatively. However, the companies across the region are taking necessary steps to reduce the impact of losses incurred during the pandemic.
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Market Overview and Dynamics
The express delivery market in North America is expected to grow to US$ 94,936.66 million by 2027 from US$ 66,508.22million in 2020. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The integration of technologies, such as RFID and tags, for better handling of cargoes and parcels and avoiding human errors is expected to influence the growth of express delivery market in the near future. Rising investments by courier companies to integrate technological solutions is fueling the adoption of such technologies. For instance, over the past 37 years, Larson Express has invested money in cutting-edge equipment and applications. This investment ensures that in today's industry, they have the latest and best technologies available. These investments allow Larson Express to offer the highest levels of service in the courier industry. Moreover, they are focused on providing their clients with the most cost-effective solutions and services. Technologies utilized by the company include computerized order entry and dispatching systems, bar code scanners, and GPS tracking technologies in its entire parcel for avoiding misplacement of the same during the transportation. Similarly, Courier Express has integrated a suite of technological tools to combine customer information, process data on real-time basis, and track and enhance delivery processes. The utilization of the technological advancements would help the company to offer an enhanced customer experience to its clients. Thus, the above-mentioned factors are expected to influence the growth of the express delivery market over the forecast period.
Key Market Segments
North America express deliver market is segmented based on destination, business type, and end users. Based on destination, the North America express delivery market based on destination is segmented into domestic and international. The domestic segment accounted for the highest share in the market in 2019 and international segment is expected to be fastest growing during forecast period. Based on business type, the market is segmented into B2B and B2C. The B2B segment accounted for the highest share in 2019 and B2C sector is expected to be the fastest growing during forecast period. Based on end-user, the market is segmented into automotive, retail and e-commerce, pharmaceuticals, BFSI, IT and telecom, electronics, and others. The automotive segment accounted for the highest share in 2019 and retail and automotive sector is expected to be the fastest growing during forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on express delivery market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amazon.com, Inc.; Aramex; DHL International GmbH; FedEx Corporation; TNT Holdings B.V.; and United Parcel Service of America, Inc. among others.
Reasons to buy report
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Express Delivery Market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in North America Express Delivery Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Express Delivery Market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
NORTH AMERICA EXPRESS DELIVERY MARKET SEGMENTATION
North America Express Delivery Market – By Destination
- Domestic
- International
North America Express Delivery Market – By Business Type
- B2B
- B2C
North America Express Delivery Market – By End-user
- Automotive
- Retail and E-commerce
- Pharmaceuticals
- BFSI
- IT and Telecom
- Electronics
- Others
North America Express Delivery Market – By Country
- US
- Canada
- Mexico
North America Express Delivery Market Company Profiles
- Amazon.com, Inc.
- Aramex
- DHL International GmbH
- FedEx Corporation
- TNT Holdings B.V.
- United Parcel Service of America, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Express Delivery Market – By Destination
1.3.2 Express Delivery Market – By Business Type
1.3.3 Express Delivery Market – By End-User
1.3.4 Express Delivery Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Express Delivery - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Express Delivery Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of E-Commerce Among Worldwide Population
5.1.2 Raising Investments by Companies on Same-Day Delivery of Consumer Goods
5.2 Market Restraints
5.2.1 High Price Associated with Express Delivery
5.3 Market Opportunities
5.3.1 Integrated use of Technology in Express Delivery Operations
5.4 Future Trends
5.4.1 Improved Adoption of Express Delivery to Offer Better Customer Experience
5.5 Impact Analysis of Drivers and Restraints
6. North America Express Delivery – Market Analysis
6.1 Express Delivery Market Overview
6.2 North America: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Express Delivery Market Analysis – By Destination
7.1 Overview
7.2 Express Delivery Market, by Destination (2019 and 2027)
7.3 Domestic
7.3.1 Overview
7.3.2 Domestic: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
7.4 International
7.4.1 Overview
7.4.2 International: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Express Delivery Market Analysis – By Business Type
8.1 Overview
8.2 North America Express Delivery Market, by Business Type (2019 and 2027)
8.3 Business-to-Business
8.3.1 Overview
8.3.2 North America Business-to-Business: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Business-to-Consumer
8.4.1 Overview
8.4.2 North America Business-to-Consumer: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Express Delivery Market Analysis – By End-User
9.1 Overview
9.2 Express Delivery Market, by End-User (2019 and 2027)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.6 IT and Telecom
9.6.1 Overview
9.6.2 IT and Telecom: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Electronics
9.7.1 Overview
9.7.2 Electronics: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Retail and Ecommerce
9.8.1 Overview
9.8.2 Retail and Ecommerce: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10. North America Express Delivery Market – Country Analysis
10.1 Overview North America: Express Delivery Market
10.1.1 North America: Express Delivery Market, By Country
10.1.1.1 US: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Express Delivery Market, By Destination
10.1.1.1.2 US: Express Delivery Market, By Business Type
10.1.1.1.3 US: Express Delivery Market, By End-User
10.1.1.2 Canada: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Express Delivery Market, By Destination
10.1.1.2.2 Canada: Express Delivery Market, By Business Type
10.1.1.2.3 Canada: Express Delivery Market, By End-User
10.1.1.3 Mexico: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Express Delivery Market, By Destination
10.1.1.3.2 Mexico: Express Delivery Market, By Business Type
10.1.1.3.3 Mexico: Express Delivery Market, By End-User
11. Impact of COVID-19 Pandemic on North America Express Delivery Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
Impact of COVID-19 Pandemic in North American Country Markets
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 FedEx Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aramex
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 TNT Holdings B.V.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 United Parcel Service of America, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 DHL International GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Amazon.com, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. US Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 2. US Express Delivery Market, By Business Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. US Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Express Delivery Market, By Business Type– Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico Express Delivery Market, By Destination– Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Express Delivery Market, By Business Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Express Delivery Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. North America Express Delivery Market Segmentation
Figure 2. North America Express Delivery Market Segmentation – By Country
Figure 3. North America Express Delivery Market - Market Overview
Figure 4. North America Express Delivery Market, by Destination
Figure 5. North America Express Delivery Market, by Business Type
Figure 6. North America Express Delivery Market, by End-User
Figure 7. North America Express Delivery Market, by Country
Figure 8. North America: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Express Delivery Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. North America Express Delivery Market Revenue Share, By Destination (2019 and 2027)
Figure 13. Domestic: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. International: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Express Delivery Market Revenue Share, By Business Type (2019 and 2027)
Figure 16. North America Business-to-Business: Express Delivery – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Business-to-Consumer: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Express Delivery Market Revenue Share, By End-User (2019 and 2027)
Figure 19. BFSI: North America Express Delivery – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Automotive: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Pharmaceuticals: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. IT and Telecom: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Electronics: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Retail and Ecommerce: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Others: North America Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. North America Express Delivery Market
Figure 27. North America Express Delivery Market Revenue Share, By Country (2019 and 2027)
Figure 28. US: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Canada: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Mexico: Express Delivery Market – Revenue and Forecast to 2027 (US$ Million)
- Amazon.com, Inc.
- Aramex
- DHL International GmbH
- FedEx Corporation
- TNT Holdings B.V.
- United Parcel Service of America, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Express Delivery Market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in North America Express Delivery Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Express Delivery Market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution