IMARC Group has recently released a new research study “Same Day Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Same day delivery Industry?
The global same day delivery market size reached US$ 4.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.46 Billion by 2027, exhibiting a growth rate (CAGR) of 18.50% during 2022-2027.
What is a Same day delivery?
Same-day delivery refers to an express shipping service in which goods are delivered within twenty-four hours of placing the order. It is commonly used by business-to-consumer (B2C), business-to-business (B2B), and consumer-to-consumer (C2C) end users to deliver various products easily and quickly. It reduces inventory costs, enhances customer satisfaction, and helps vendors maintain a competitive edge. As a result, same-day delivery is gaining immense traction among manufacturers and consumers across the globe.
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What are the key factors driving in the Same day delivery market?
The global same-day delivery market is primarily driven by the surging adoption of same-day delivery across various industrial verticals, including e-commerce, healthcare, manufacturing, and retail, due to the escalating demand for receiving the manufactured product in a shorter time frame. Moreover, the shifting customer preferences toward online shopping and e-commerce platforms for purchasing groceries, medicinal supplements, beverages, vegetables, and fruits due to the sudden coronavirus disease (COVID-19) outbreak and consequent implementation of lockdowns are positively influencing the market growth.
Additionally, numerous technological advancements, including the integration of online shopping with physical retail stores to offer a better customer experience, have catalyzed market growth. Other factors, including the surging internet penetration, increasing use of smartphones, laptops, and desktops for placing orders, and rising collaborations among key players to develop delivery wings and reduce costs on logistics, are also anticipated to drive the market further.
who are the key players/companies in Same day delivery market?
Amazon.com Inc., Aramex, Deutsche Post AG, Dropoff Inc., Econo-Courier, FedEx Corporation, Jet Delivery Inc., Need It Now Delivers, Power Link Expedite Corporation, United Parcel Service Inc., USA Couriers Inc. and XPO Logistics Inc.
The report has segmented the market on the basis of Service, Mode of Transportation, Application, End User & Insight
Breakup by Service:
- International Service
- Domestic Service
Breakup by Mode of Transportation:
Breakup by Application:
- Documents and Letters
Breakup by End User:
- Business to Business (B2B)
- Business to Customer (B2C)
- Customer to Customer (C2C)
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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