The Drop Shipping Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/drop-shipping-global-market-report
According to The Business Research Company’s Drop Shipping Global Market Report 2024, The drop shipping market size has grown exponentially in recent years. It will grow from $257.37 billion in 2023 to $340.57 billion in 2024 at a compound annual growth rate (CAGR) of 32.3%. The growth in the historic period can be attributed to e-commerce growth, marketplace expansion, retailer cost reduction, diverse product offerings, market entry ease.
The drop shipping market size is expected to see exponential growth in the next few years. It will grow to $963.66 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to rise of niche markets, consumer demand for fast shipping, global market access, scalability and flexibility, sustainability practices. Major trends in the forecast period include collaboration with influencers and social commerce, blockchain integration for supply chain transparency, flexible payment and pricing models, focus on niche and specialty products, subscription box and curated product offerings.
The growth of the e-commerce industry is expected to drive the drop shipping market. E-commerce refers to the purchase and sale of goods and services online or over the internet using phones, computers, laptops, and tablets. Drop shipping offers the e-commerce industry numerous benefits by eliminating the maintenance of inventory or physical stock, which further decreases warehouse and labor costs. The e-commerce industry has grown exponentially during a pandemic due to the limited movement and at-home restrictions. According to the US Department of Commerce Retail Indicator Division, a US-based department concerned with commerce and economic growth, Quarterly Retail e-commerce Sales Q4 2021 report, in 2021, US e-commerce sales accounted for $870 billion, which has increased by 14.2% over 2020 and 50.5% over 2019. Therefore, the growth of the e-commerce industry drives the drop shipping market.
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The drop shipping market covered in this report is segmented –
1) By Product: Toys, Hobby And DIY, Furniture And Appliances, Electronics And Media, Food And Personal Care, Fashion
2) By Type: Business Extensions, Print On Demand, Creation Of The Product, Product Reselling
3) By Organization Size: Large Enterprises, SMEs
Major companies operating in the drop shipping market are developing service innovations such as end-to-end supply chain services to help third-party sellers. End-to-end supply chain services for third-party sellers are a fully automated set of supply chain services. For instance, in September 2023, Amazon.com, Inc., a US-based e-commerce company focusing on cloud computing, online advertising, digital streaming, and artificial intelligence, launched an end-to-end supply chain service that helped the third party from the manufacturing facility to the customer’s doorstep. Amazon plans to supply the services through a combination of its current fulfillment network and outside contractors. The goal is to simplify the supply chain process, make it more reliable, and speed up the delivery of products, all at a lower cost for the sellers. Cross-border transportation, customs clearance, inventory storage, automated inventory replenishment, and client delivery are just a few of the features that are included in the end-to-end supply chain service.
The drop shipping market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Alibaba Group Holding Limited
- AliExpress
- Shopify Inc.
- Buy 2 Bee LLC
- Sprocket Express LLC
- ASI Partner lnc.
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