IMARC Group, a leading market research company, has recently releases report titled Same Day Delivery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global same day delivery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Same Day Delivery Market?
The global same day delivery market size reachedUS$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reachUS$ 17.1 Billion by 2028, exhibiting agrowth rate (CAGR) of 17%during 2023-2028.
What is Same Day Delivery?
Same day delivery represents a shipping model where products are delivered within twenty-four hours. Based on the mode of transport, it can be categorized into airways, railways, roadways, intermodal, etc. Same day delivery services are commonly used by business-to-consumer (B2C), consumer-to-consumer (C2C), and business-to-business (B2B) end-users for facilitating the delivery of multiple products with ease and within a shorter time frame. They even reduce inventory costs, provide improved customer satisfaction, and help vendors maintain a competitive edge. Consequently, same day delivery solutions find widespread utilization in numerous sectors, including retail, e-commerce, healthcare, manufacturing, etc.
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What are the growth prospects and trends in the same day delivery industry?
The shifting preferences among consumers across the globe toward the several e-commerce channels for ordering grocery items, medical supplements, vegetables, fruits, and beverages and the growing requirement for getting the items delivered within a minimum time span are primarily driving the same day delivery market.
Additionally, the increasing number of benefits offered by the e-commerce platforms, such as reduced shipment timing and logistics cost, discount offers, greater choices, and higher convenience, is acting as another significant growth-inducing factor. In line with this, the emerging trend of integrating online shopping options by physical retail stores to offer enhanced customer experience is further stimulating the global market.
Apart from this, the expanding proliferation of easy internet connectivity and the development of various smartphone, laptop, and desktop applications for placing orders are also positively influencing the market growth. Moreover, the elevating strategic collaborations among leading market players for introducing delivery wings while reducing costs on logistics is expected to fuel the same day delivery market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Service Insights:
- International Service
- Domestic Service
Mode of Transportation Insights:
- Airways
- Roadways
- Railways
- Intermodal
Application Insights:
- Retail
- E-Commerce
- Healthcare
- Manufacturing
- Documents and Letters
- Others
End User Insights:
- Business to Business (B2B)
- Business to Customer (B2C)
- Customer to Customer (C2C)
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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., XPO Logistics Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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