Courier and Local Delivery Services Market in the US 2019-2023
About this market
The rising investments from established players will trigger the market growth in the forthcoming years. Established players are expanding their services in the US. In addition, with the new tax reform law in the US, logistics players are increasingly able to save investment taxes, thereby making a considerable impact on the delivery market in the US. Furthermore, the rising demand from the e-commerce and retail sectors are encouraging established players for investing in the US. This will drive the market’s growth in the forthcoming years. Technavio’s analysts have predicted that the courier and local delivery services market will register a CAGR of more than 5% by 2023.
Rising investments from established players
One of the growth drivers of the courier and local delivery services market in the US is the rising investments from established players. The rising demand from the e-commerce and retail sectors for efficient delivery services is encouraging players to invest in the US.
Increasing adoption of in-house delivery units by retailers
One of the challenges in the growth of the courier and local delivery services market in the US is the increasing adoption of in-house delivery units by retailers. In-house delivery networks are expected to restrict outsourced delivery service providers, which comprise courier and local delivery service providers, from availing growth opportunities in the retail segment in the US.
For the detailed list of factors that will drive and challenge the growth of the courier and local delivery services market in the US during 2019-2023, view our report.
The market appears to be highly fragmented and with the presence of several market players. Vendors in the courier and local delivery services market in the US are adopting the M&A strategy to boost their presence in the country. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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