The global dropshipping market size is expected to reach USD 557.9 billion by 2025, registering a CAGR of 28.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising consumer inclination toward online shopping platforms, coupled with the proliferation of internet users, is anticipated to positively impact market growth. Dropshippers offer services to retailers such as direct transfer of goods to customers and inventory maintenance. Moreover, benefits provided through dropshipping services encourage e-commerce companies to adopt these services, as the shipment of the products/goods is not limited to the internal boundaries of the country and can even offer product deliveries across international borders.
Rising
disposable income and increasing internet and smartphone penetration have
favored the e-commerce industry, thereby impacting the adoption of
dropshipping. Dropshipping enables e-commerce companies to capitalize on
warehouse and logistics investments. Moreover, fewer capital investments in
inventory and logistics have resulted in an increased demand for dropshipping
amongst retailers.
Several
e-commerce startup businesses are opting for dropshipping services since fewer
investments are required for product warehousing, resulting in reduced shipping
and logistics costs. The growing number of online purchases by consumers has
enabled the emergence of new e-commerce companies. Inclination of emerging
e-commerce companies toward dropshipping business is further generating avenues
for market growth.
However,
government rules and regulations for product shipment and cybersecurity threats
are hindering the market growth. Moreover, the General Agreement on Trade in
Services (GATS) comprises rules and regulations governing international trade
in services, with significant implications for e-commerce. The Anti-Spam Law is
in place to protect consumers from receiving unsolicited marketing material,
thereby restraining the growth of the market.
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Dropshipping
Market Report Highlights
- The
electronics and media segment accounted for a market share exceeding 22.0%
in 2018 owing to increasing innovations in the electronics industry,
coupled with rising demand for electronics
- The food and
personal care segment is expected to register a CAGR exceeding 30.0% from
2019 to 2025, owing to the rising consumer demand for skincare products
and cosmetics, among others
- The fashion
segment held the largest market share of over 30.0% in 2018, which can be
attributed to the growing disposable income of consumers, coupled with
rise in online retail spending among consumers
- Asia Pacific
is expected to witness substantial growth owing to the high percentage of
global population and increasing internet penetration, which, in turn,
drives the e-commerce industry in the region
- The
dropshipping market is fragmented and characterized by the presence of
small- and medium-sized companies. The major global players operating in
the market include AliDropship; Doba, Inc.; SaleHoo Group Limited; and
Oberlo, Inc.
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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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