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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