The global Same Day Delivery Service market was valued at US$ 21140 million in 2022 and is anticipated to reach US$ 58530 million by 2029, witnessing a CAGR of 18.5% during the forecast period 2023-2029. Because they enable service providers to develop and grow their operations successfully, same-day delivery services have gained popularity in the logistics sector. The market for same-day delivery is therefore anticipated to expand. Due to the increased demand for products in a shorter time frame, manufacturers have chosen to deliver products quickly, resulting in attractive growth potential. Additionally, there are several benefits of same-day delivery services, including increased customer satisfaction and reduced logistical expenses, all of which support the market's expansion.
Same-day delivery has the potential to transform our shopping habits. It blends the ease of online shopping with the promptness of brick and mortar establishments. Many companies have recently started experimenting with and putting innovative same-day delivery strategies into practice. With the consumers' appealing value proposition of same-day delivery, demand is anticipated to soar.
The market for same-day delivery is anticipated to expand significantly as online sales and e-commerce companies expand. The convenience of online retail shopping is paired with the promptness of physical retail establishments with same-day delivery. The size of the same-day delivery market is driven by the simplicity of ordering through online channels and the speedier shipment times.
Also, a notable rise in B2C shipping has been brought on by the ongoing displacement of stationary retail sales by online sales made possible by e-commerce platforms. The market for same-day delivery is therefore anticipated to grow in lockstep with the rise in shipments and the demand from customers for quicker delivery services.
The expansion of the same-day delivery business is anticipated to be constrained by the requirement for a substantial distribution infrastructure and the high initial investment. To prevent late deliveries, companies in the same-day delivery industry must concentrate on creating an efficient delivery infrastructure. In order to offer distribution services to its clients, the biggest e-commerce platforms are also setting up their own logistics businesses.
Owing to the global COVID-19 pandemic, customers' buying habits abruptly altered. Instead of purchasing in bulk, they now shop online, changing what they buy, where they buy it, and how they buy it. Many governments all over the world insist that e-commerce businesses only fill orders for necessities like groceries, which will be detrimental to the profitability of the sector.
Due to the rising number of e-commerce companies and online customers, the Asia Pacific region currently holds a dominant position in the same-day delivery market. This region has dominated the market share as a result of growing urbanisation, internet use, and smartphone use.
Furthermore, due to the presence of prominent corporations like FedEx, A1 Express Services Inc., and United Parcel Service of America, Inc. in the region, North America is anticipated to develop significantly over the course of the projection year.
Report Metric | Details |
Report Name | Same Day Delivery Market |
The market size in 2022 | USD 21140 Million |
The revenue forecast in 2029 | USD 58530 Million |
Growth Rate | CAGR 18.5% |
Market size available for years | 2022-2029 |
Forecast units | Value (USD) |
Segments covered | Type, Application, Industry, Regions |
Report coverage | Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
Geographic regions covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Same Day Delivery Service market was valued at US$ 21140 million in 2022 and is anticipated to reach US$ 58530 million by 2029, witnessing a CAGR of 18.5% during the forecast period 2023-2029.
Ans. Many governments worldwide demand that e-commerce businesses only fulfill orders for vital items, such as groceries, which are likely to impact the industry's profitability.
Ans. The B2B segment is expected to hold the largest market share during the forecast period
Ans. The Asia Pacific dominates the same-day delivery market share due to an increasing number of e-commerce companies, along with the rising number of online shoppers
Ans. Some key players operating in the same day delivery market include A-1 Express, DHL, FedEx, TForce Final Mile, UPS, USA Couriers, American Expediting, Aramex, Deliv, Express Courier, LaserShip, Parcelforce Worldwide, NAPAREX, Power Link Delivery, Others.
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