Overview and Scope
The dropshipping market includes revenues earned by entities by providing product sourcing, order processing, the marketplace platform, shipping, and logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Sizing and Forecast
The dropshipping market size has grown exponentially in recent years. It will grow from $225 billion in 2023 to $272.97 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to e-commerce growth, globalization, low barrier to entry, consumer expectations, and entrepreneurial opportunities.
The dropshipping market size is expected to see exponential growth in the next few years. It will grow to $594.02 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to increasing consumer demand for personalized and customized products, growing consumer concerns about sustainability and ethical sourcing practices, marketplace expansion, supply chain resilience, and facilitation of cross-border trade. Major trends in the forecast period include technology integration, diversification of product offerings, customization and personalization, vertical integration and supply chain optimization, automation tools to streamline operations.
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Segmentation & Regional Insights
The dropshipping market covered in this report is segmented –
1) By Product: Furniture And Appliances, Toys, Hobby And DIY, Food And Personal Care, Fashion, Electronics, Other Products
2) By Destination: Domestic, International
3) By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Customer-to-Customer (C2C)
North America was the largest region in the dropshipping market in 2023. The regions covered in the dropshipping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the e-commerce industry is expected to propel the growth of the dropshipping market going forward. The e-commerce industry facilitates the online buying and selling of goods and services through online transactions. The e-commerce industry is experiencing rapid growth due to increasing internet penetration, the convenience of online shopping, expanding mobile usage, and advancements in technology facilitating seamless transactions and personalized shopping experiences. Dropshipping is utilized in the growth of the e-commerce industry by enabling retailers to offer a wide range of products without the need for inventory storage, reducing upfront costs, and allowing for greater flexibility in product offerings and market expansion. For instance, in June 2022, according to Ecommerce Europe, a Belgium-based non-profit association, In 2021, the total European e-commerce market surged to approximately USD 869 billion, boasting a growth rate of 13% from the previous year’s USD 681.90 billion, and the growth momentum is expected to continue in 2022, projecting an 11% growth rate and an anticipated turnover of approximately USD 958 billion. Therefore, growth in the e-commerce industry will drive the growth of the dropshipping market.
Key Industry Players
Major companies operating in the dropshipping market are Costco Wholesale Corporation, Shopify Inc., Etsy Inc., Wix.com Inc., Printful Inc., Printify Inc., Doba Inc., Oberlo, Gooten, SaleHoo Group Limited, AliExpress Ltd., Inventory Source, Megagoods Inc., Wholesale2b, Dropshipper.com, CJDropshipping Inc., GreenDropShip, Alidropship, Modalyst Inc., Sunrise Wholesale Merchandise LLC, Cin7 Orderhive Inc., Spocket, Importify, Teelaunch, BigBuy
The dropshipping market report table of contents includes:
1. Executive Summary
2. Dropshipping Market Characteristics
3. Dropshipping Market Trends And Strategies
4. Dropshipping Market – Macro Economic Scenario
5. Global Dropshipping Market Size and Growth
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32. Global Dropshipping Market Competitive Benchmarking
33. Global Dropshipping Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dropshipping Market
35. Dropshipping Market Future Outlook and Potential Analysis
36. Appendix
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