Postal Service in the US - Industry Market Research Report
Postal Service in the US
The US Postal Service (USPS), the sole operator in the Postal Service industry, handles 47.0% of the world's mail and boasts the country's largest retail network. Despite its size, the industry has historically suffered revenue losses. Over the past five years, internet services such as online banking and e-mail have increasingly replaced traditional mail. In addition, since USPS is highly regulated, it is subject to government-mandated expenses, which have dramatically raised costs for the industry. Demand for the country's postal service recovered slightly over the past five years alongside improving employment and consumption trends. E-commerce growth mitigated some of the negative effects of online services, since goods purchased online require package delivery services. Nevertheless, overall mail volume is expected to decline steadily during the five-year period. While the industry is projected to continue operating at a loss over the five years to 2024 due to PAEA payments and growing external competition, other areas of the industry's performance are expected to improve. For example, demand for package delivery services is projected to increase as the economic activity improves and online transactions proliferate.
This industry includes establishments that operate the national postal service and perform one or more postal services such as sorting, routing and delivery. Establishments that operate on a contract basis (except the bulk transportation of mail) are included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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