The output of Postal and Courier Services in the US has shown a consistent upward trend from 2013 to 2023, growing from 136.43 billion USD to 230.26 billion USD. Over the past two years, the sector witnessed substantial growth with a year-on-year increase of 9.18% in 2022 and 8.35% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 stands at 7.9%, indicating robust and sustained expansion.
Forecasts for the next five years project continued growth, with the output expected to reach 316.4 billion USD by 2028. The forecasted 5-year CAGR stands at 5.01%, implying considerable growth potential and a cumulative increase of 27.67% over this period.
Future trends to watch for include advancements in logistics technology, increased competition from tech-driven delivery services, and evolving consumer behavior towards e-commerce, all of which are likely to shape the dynamics of the Postal and Courier Services sector.
