A recent report published by
Infinium Global Research on same day delivery market provides an in-depth analysis
of segments and sub-segments in the global as well as regional same day
delivery market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional same day delivery market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global same day delivery market.
According to the report, the global same day delivery market is projected to
grow at a CAGR of 21.03% over the forecast period of 2021-2027.
Same day delivery
market was valued at USD 7.03 billion in 2020 and expected to reach USD 26.00
billion in 2027, with a CAGR of 21.03% during the forecast period. Over the
past few years, customers have moved quickly to online shopping. Retailers,
across different verticals, are looking for ways to quickly deliver their
products to customers. It involves tricky logistics to ensure that products
reach customers in good condition and in quick time. The same day delivery
market covers a variety of services differentiated in terms of delivery speed,
type of products delivered, and business models. Delivery companies offer
same day delivery (SDD) that deﬁnes a business model in which a customer order
is fulﬁlled the same day it is issued. Companies start offering increasingly
narrower delivery deadlines of a few hours length to gain a competitive
advantage. Automated vehicles or driverless vehicles, and drone delivery are
adding a new dimension to same day delivery.
the e-commerce industry coupled with changing consumer behavior driving the
same day delivery market. The e-commerce retail business has matured
considerably due to the increasing internet penetration, smartphone usage, and
diversity on e-commerce platforms. At present, e-Commerce sales make up an increasingly
larger percentage of total retail sales, accounting for 14.1% of all retail
sales worldwide, and continues to grow at a speedy rate despite global economic
uncertainty. The increasing use of drones and autonomous delivery vehicles for
same day delivery is fueling the market growth. Developments in last-mile
technology, including drones, droids, and automated fulfillment centers, will
increase both the speed and handling capacity of logistic providers. Several
companies are developing diverse forms of autonomous delivery vehicles that can
be categorized into side-walk vehicles, on-road delivery vans, and autonomous
trucks. However, same day delivery appeals mostly to urban millennials.
Moreover, the continuous effort of logistics companies to offer efficient &
timely same day deliveries are anticipated to provide opportunities to the
spread of COVID-19 has turned out to be one of the biggest threats to the
global economy and financial markets. The resulting economic disruption is
huge, the short-term decline in activity for both the big as well as small
businesses is considerable. However, the same day delivery market is projected
to follow a divergent growth trajectory as the customer traffic on online
retail platforms grew exponentially amid the pandemic. The COVID-19 outbreak
has ensured that speed of delivery, a core factor of customer satisfaction is
now important across most verticals.
geographies, the same day delivery market is segmented into North America,
Europe, Asia Pacific, and RoW. The North American region dominates the global
same day delivery market owing to rapid industrialization in the region.
Moreover, rapid growth in the e-commerce sector and internet penetration is
anticipated to escalate the demand for same day delivery over the forecast
period. However, the Asia Pacific region is anticipated to witness rapid growth
in the market owing to the presence of many logistics service providers and
intense competition owing to the rising demand for outsourced services.
Furthermore, increasing demand for value-added services, adequate last-mile
deliveries, and the adoption of automated technologies into logistics services
escalate the demand in this region.
The report on the global same day
delivery market covers segments such as type, application, and service. On the
basis of type, the sub-markets include B2B, B2C, and C2C. On the basis of
application, the sub-markets include retail, e-commerce, healthcare, and others.
On the basis of service, the sub-markets include international, and domestic.
The report provides profiles of
the companies in the market such as Aramex, A1 Express Services Inc., DHL,
Dropoff, Inc., FedEx Corp., USA Couriers, Power Link Expedite, United Parcel
Service of America, Inc., Jet Delivery, Inc., and XPO Logistics, Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of same day delivery market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.