According to the global same day delivery market research reportby IMARC Group, the market reached a value of US$ 4.84 Billion in 2021, and it is projected to reach a value of US$ 14.46 Billion by 2027, exhibiting a CAGR of 18.50% during 2022-2027.
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.
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.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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 been segmented the market into following categories:
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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Key Questions Answered in the Global Same Day Delivery Market Report
• How has the global Same Day Delivery industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global Same Day Delivery market?
• What are the key regions in the global Same Day Delivery industry?
• What are the major driving factors and challenges in the global Same Day Delivery market?
• What is the structure of the global Same Day Delivery industry and who are the leading players?
• What is the degree of competition in the market?
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