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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Couriers & Express Delivery Services
Market Size & Industry Statistics
The total U.S. industry market size for Couriers & Express Delivery Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Couriers & Express Delivery Services industry is undergoing significant changes as new technologies and changing consumer demands transform the delivery landscape. Some of the key trends impacting the industry today include:
1. Rapidly changing customer expectations: With on-demand delivery services becoming increasingly popular, customers expect faster, more reliable delivery services than ever before.
2. Increased focus on sustainability: As consumers become more environmentally conscious, courier and delivery companies are exploring innovative new ways to reduce their carbon footprint, such as using electric vehicles and implementing green logistics practices.
3. E-commerce growth: The rise of e-commerce has created significant demand for courier and delivery services, as more and more consumers shop online and expect fast, reliable delivery to their homes or workplaces.
4. Innovative new technologies: Technological advancements such as drones, robots, and autonomous vehicles are poised to revolutionize the courier and delivery industry, allowing companies to deliver packages more quickly and efficiently.
5. Growing demand for courier services in emerging markets: As the global economy continues to expand, courier and delivery companies are seeing increased demand for their services in emerging markets such as China, India, and Africa.
In order to stay competitive in this rapidly evolving industry, courier and delivery companies must be quick to adapt to these and other emerging trends, leveraging the latest technologies and practices to meet customer demands and stay ahead of the competition.
Product & Services BreakdownResearch products and services in the Couriers & Express Delivery Services industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Number of Companies||Sales ($ millions)||Percent of Total Sales|
Transportation Of Non-Perishable/Climate-Controlled Boxed, Palletized, And Other Packed Goods, By Air
International, Scheduled Transportation Of Non-Perishable/Climate-Controlled Boxed, Palletized, And Other Packed Goods, By Air
International, Scheduled Transportation Of Bundled Postal Mail By Air
Domestic, Scheduled Transportation Of Non-Perishable/Climate-Controlled Boxed, Palletized, And Other Packed Goods, By Air
Domestic, Scheduled Transportation Of Bundled Postal Mail By Air
Transportation Of Documents And Parcels
Local Transportation And Delivery Of Small Purchased Or Serviced Items
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Couriers & Express Delivery Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Couriers & Express Delivery Services industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Couriers & Express Delivery Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||1%|
|Office and Administrative Support Occupations||9%|
|Material Recording, Scheduling, Dispatching, and Distributing Workers||6%|
|Transportation and Material Moving Occupations||85%|
|Motor Vehicle Operators||42%|
|Driver/Sales Workers and Truck Drivers||42%|
|Heavy and Tractor-Trailer Truck Drivers||7%|
|Light Truck Drivers||35%|
|Material Moving Workers||38%|
|Laborers and Material Movers||36%|
|Laborers and Freight, Stock, and Material Movers, Hand||35%|
Couriers & Express Delivery Services Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Couriers & Express Delivery Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Couriers & Express Delivery Services industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Couriers & Express Delivery Services industry.
Government ContractsIn 2022, the federal government spent a total of $778,403,938 on Couriers & Express Delivery Services. It has awarded 2851 contracts to 173 companies, with an average value of $4,499,445 per company.
|Most Recent Contracts||Date||Total Award Amount|
|FEDERAL EXPRESS CORPORATION |
2003 Corporate Plz
|Jun 30, 2023||$8,500|