The value added of postal and courier services in the US has seen considerable growth from 2013 to 2023, reaching $153.46 billion in 2023. The trend shows a robust increase, particularly since 2019, with significant acceleration in 2020 and 2021, reflected by year-on-year variations of 14.19% and 12.95%, respectively. This growth was sustained through 2022 and 2023 with variations of 10.33% and 9.44%. The compound annual growth rate (CAGR) over the last five years stands at 10.15%.
Future forecasts indicate continued growth, with values projected to reach $217.67 billion by 2028, representing a 5-year CAGR of 5.5% and a forecasted 30.68% growth rate. The steady increase highlights the ongoing relevance and expansion within the sector.
Trends to watch for include:
- Increased e-commerce activity driving higher demand for delivery services.
- Technological advancements in logistics and supply chain management.
- Potential impacts of regulatory changes on the postal and courier services.
- Sustainability initiatives and their effect on operational practices.
