Express Delivery Market in North America 2017-2021
About Express Delivery
Express delivery services include delivery of parcels and documents to different customers, such as retail customers, business customers, and government agencies. The parcel and documents delivered using express delivery depend upon the weight of the parcel and the distance of the destination. Shipping charges include both, the distance of the destination and the weight of the parcel. Express delivery is a time-bound delivery, where the shipment is delivered on the same day or within 1-2 days. Express delivery service vendors provide services to deliver shipments only up to a certain distance. In addition, the vendors in this market provide value-added services for differentiating their services.
Technavio’s analysts forecast the express delivery market in North America to grow at a CAGR of 5.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the express delivery market in North America for 2017-2021. To calculate the market size, the report considers shipments sales value in the market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Express Delivery Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the express delivery market in North America: A1 Express, Deutsche Post DHL Group, FedEx, United Parcel service, and United States Postal Service.
Other Prominent Vendors in the market are: American Expediting, Apple Express, Aramex, Deliv, Estafeta USA, King and Mexico Express, NAPAREX, Purolator, TFI International, and Tucson- Mexico Express.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is IT-enabled technology in express delivery services. Express delivery service vendors in North America are implementing IT-enabled services and technology, such as communication services, GPS tracking, real-time online tracking, automatic updating of records, 2-D barcode, 3-D readers, and RFID for providing hassle-free services to customers. IT-enabled services also help to make the business processes faster, accurate, and more reliable than manual processes. This increases the overall efficiency and effectiveness of the express delivery service providers in the market.”
According to the report, one of the major drivers for this market is E-commerce growth in North America. The e-commerce industry has witnessed substantial growth during the last few years. Urbanization and the increase in the disposable income of consumers are driving the market for the retail sector. The global B2C e-commerce market is witnessing the growth of around 11% since 2014 and is expected to reach approximately $2.5 trillion by 2018.
Further, the report states that one of the major factors hindering the growth of this market is Competitive pricing pressure. The express delivery service vendor’s growth is mainly dependent on the high-quality services, speed, and reliability. However, the presence of large vendors in North America is making the express delivery market both price-sensitive and highly competitive. For instance, the Postal Regulatory Commission (PRC) approved the rate changes for the services offered by USPS. The change in the prices will lower the rate of services for the companies into the B2C e-commerce business that ships light packages but high volumes. This competitive pricing can affect the market share of United Parcel Service and FedEx in the US.
A1 Express, Deutsche Post DHL Group, FedEx, United Parcel service, United States Postal Service, American Expediting, Apple Express, Aramex, Deliv, Estafeta USA, King and Mexico Express, NAPAREX, Purolator, TFI International, and Tucson- Mexico Express.