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2024 U.S. Industry Statistics & Market Forecast - Couriers and Messengers
Market Size & Industry Statistics
The total U.S. industry market size for Couriers and Messengers:
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 | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Couriers and Messengers industry include:- Increased e-commerce demand
- Same-day delivery services growth
- Technological integration for route and delivery optimization
- Environmental regulations pushing for sustainable practices
- Rise of gig economy and freelance couriers
- Greater emphasis on contactless deliveries
- Use of drones and autonomous vehicles for delivery
- Cybersecurity concerns due to increased digitalization
- Global supply chain challenges
- Consumer demand for transparency and tracking
- Shift towards localized supply chains to reduce costs
- Collaborations and partnerships with retailers and tech companies
- Increase in urbanization influencing last-mile delivery solutions
Product & Services Breakdown
Research products and services in the Couriers and Messengers 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 |
|---|---|---|---|
Industry Total |
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Transportation Of Non-Perishable/Climate-Controlled Boxed, Palletized, And Other Packed Goods, By Air |
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Transportation Of Documents And Parcels |
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Local Transportation And Delivery Of Small Purchased Or Serviced Items |
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Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Le |
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U.S. Geographic Distribution: Revenue Statistics by State
Market 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 (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Couriers and Messengers 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 and Messengers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Couriers and Messengers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation 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 |
|---|---|---|---|---|
| Management Occupations | 2% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Office and Administrative Support Occupations | 10% | |||
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 7% | |||
| Couriers and Messengers | 8% | |||
| Couriers and Messengers | 8% | |||
| Transportation and Material Moving Occupations | 84% | |||
| Motor Vehicle Operators | 46% | |||
| Driver/Sales Workers and Truck Drivers | 46% | |||
| Heavy and Tractor-Trailer Truck Drivers | 7% | |||
| Light Truck Drivers | 38% | |||
| Material Moving Workers | 33% | |||
| Laborers and Material Movers | 31% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 30% | |||
Couriers and Messengers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Couriers and Messengers 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 and Messengers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Couriers and Messengers industry. |
Source:
Innovation News
- Jun 13, 2024: Doordash patents Delivery Agent Network Management
- Jun 06, 2024: Doordash patents Image Selection Using Machine Learning
- Jun 06, 2024: Doordash patents Image Selection Using Machine Learning
- Apr 10, 2024: Fetch Package raises $22 million in funding.
- Jan 23, 2024: Ibc Airways trademarks "IBC IBC AIRWAYS" - Air cargo transport; Air charter services; Airline transportation services; Cargo handling
- Jan 18, 2024: Quicksilver Express Courier trademarks "QUICKSILVER EXPRESS COURIER" - Courier services
- Jan 17, 2024: Doordash trademarks "DORY" - Providing temporary use of online non-downloadable computer chatbot software using artificial intelligence for simulating conversations and replying to questions concerning online commerce and order logistics related to receiving, managing, monitoring, tracking, analyzing, reporting, measuring and processing orders of food, consumer goods, and convenience store items for pickup and delivery; Providing temporary use of online non-downloadable computer chatbot software using artificial intelligence for simulating conversations and replying to questions concerning advertising and marketing of restaurants, merchants, food delivery services to consumers; Providing temporary use of online non-downloadable computer chatbot software using artificial intelligence for simulating conversations and replying to questions concerning business strategy development services, educational and professional support services, and financial assistance services.
- Dec 04, 2023: Fetch Package raises $6 million in funding.
- Dec 04, 2023: Fetch Package raises $4 million in funding.
Recent Federal Contracts for Couriers and Messengers
- Apr 02, 2024: SKYHAWK LOGISTICS, INC. (Laurel, MD) awarded $787,356
- Apr 02, 2024: FEDERAL EXPRESS CORPORATION (Memphis, TN) awarded $76,576
- Apr 02, 2024: COURIERED, LLC (Grand Rapids, MI) awarded $23,400
- Apr 02, 2024: UNITED PARCEL SERVICE CO. (Louisville, KY) awarded $1,800
- Apr 01, 2024: PATH-TEC LLC (Midland, GA) awarded $423,767
- Apr 01, 2024: FG MANAGEMENT GROUP LLC (Springfield, NJ) awarded $237,422
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