The global same day delivery market size is estimated to reach USD 15.1 billion by 2027, expanding at a CAGR of 20.3% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period owing to rising demand for quick delivery of products among customers that are purchased online. Moreover, factors such as growing e-commerce industry and increase in international cross-border trade are further bolstering the market growth.
Increasing
number of e-commerce companies and e-shoppers worldwide is expected to
encourage online platforms to provide same-day delivery services to their
customers. Besides, customers are inclined to choose same-day delivery services
as they allow quick delivery of products at their doorstep instead of visiting
a physical retail store. Thus, there is a significant increase in the online
orders owing to the aforementioned factors, which, in turn, is expected to
boost the market growth.
The
market is characterized by intense competition among the major players
operating in the market. These players are focusing on entering into mergers
and acquisitions as part of their growth strategy to hold a competitive
position in the market. The companies are partnering with the logistic
providers to strengthen their distribution network and offer quicker delivery
to capture customer base. Moreover, the players operating in the market are
developing unprecedented changes to their online business models to provide
better customer experience.
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Same Day Delivery
Market Report Highlights
- The B2B type segment held
the largest revenue share in 2019. The is attributed to emergence of
online B2B marketplaces in order to carry out business
- The B2C type segment is
projected to witness substantial growth over the forecast period owing to
rising consumer demand for same day delivery of the products
- The domestic service segment
accounted for a share of 76.50% in 2019 owing to growing number of
e-commerce companies globally
- Asia Pacific held the
largest revenue share of 37.92% in 2019 and is anticipated to witness
significant growth over the forecast period. This is attributed to growing
internet penetration and trend of online business platforms in the region,
which is further driving the demand for same day delivery services.
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Same Day Delivery
Market Segmentation
Grand View Research has segmented
the global same day delivery market on the basis of type, service, and region:
Same Day Delivery
Type Outlook (Revenue, USD Million, 2016 - 2027)
- B2B
- B2C
- C2C
Same Day Delivery
Service Outlook (Revenue, USD Million, 2016 - 2027)
- Domestic
- International
Same Day
Delivery Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key Players
of Same Day Delivery Market
- Courier Express
- Jet Delivery, Inc.
- FedEx
- United Parcel Service of
America, Inc.
- XPO Logistics, Inc.
- Deutsche Post AG
- A1 Express Services Inc
- Aramex
- Deliv
- Dropoff, Inc
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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