North America Express Delivery Market to Grow at a CAGR of 7.7% to reach US$ 71.11 million from 2020 to 2027

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 US, Canada, and Mexico are the major counties in considered in North America. Growth in adoption of smartphones and high penetration of Internet across the region is positively influencing the adoption of e-commerce across the North American population. This has also influenced businesses to adopt online selling channels to reach a higher customer base. For instance, according to GSMA, the countries with the highest percentage of smartphone users in North America are the US (81.6%), and Mexico (54.4%). Additionally, the Internet penetration across these countries is influencing the population to adopt online buying. Express delivery is being highly adopted by brands and e-commerce websites to offer better customer service by delivering parcels in less time which is expected to drive the market in North America.

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.

With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Express delivery market. The North America Express delivery market is expected to grow at a good CAGR during the forecast period.

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 -Companies Mentioned

• Amazon.com, Inc.
• Aramex
• DHL International GmbH
• FedEx Corporation
• TNT Holdings B.V.
• United Parcel Service of America, Inc.

North America Express Delivery Report Scope