A recent report published by Infinium Global Research on same day delivery market provides 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 nearly 21% over the forecast period of 2022-2028.
The revenue generated by the same day delivery market was over USD 10 billion in 2022 and is expected to reach about USD 32 billion in 2028 with a CAGR of nearly 21% over 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 a 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.
Expansion of 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 continue 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 is anticipated to provide opportunities to the market players.
The current 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, and 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.
Among the 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 are 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 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 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 forecasts from 2022-2028. 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 insight into the market share of the leading players.
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