Postal Service in the US - Industry Market Research Report

Address not found: External competition will intensify as private courier service companies become more efficient, affecting industry growth

Postal service in the United States includes establishments that are part of the national postal service. The industry includes the United States Postal Service (USPS), which delivers first-class mail, marketing mail, packages, periodicals and offers other services. As online communication, media and transactions have grown in popularity, traditional mail has become less popular, hurting the industry. During the COVID-19 pandemic, demand for mail delivery declined because companies couldn't afford to pay for physical mail anymore. Package delivery soared since households wanted to purchase items without risking catching the virus, boosting revenue for the USPS in 2020. Corporate profit increased as the economy recovered from the pandemic, so some companies adopted physical mail again. This caused revenue to rise in 2021. This industry includes establishments that are part of the national postal service and perform one or more postal services such as sorting, routing and delivery. Establishments that operate on a contract basis (except the bulk transportation of mail) are included in this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.