Same-Day Delivery Services Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The Same-day Delivery Services 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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According to The Business Research Company’s Same-day Delivery Services , The same-day delivery services market size has grown exponentially in recent years. It will grow from $7.88 billion in 2023 to $9.55 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to rise of e-commerce and online shopping, increased consumer demand for faster deliveries, advances in logistics and supply chain, competitive pressure among retailers to offer quick shipping, urbanization and concentration of population in metropolitan areas.

The same-day delivery services market size is expected to see rapid growth in the next few years. It will grow to $19.63 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to growth of on-demand and instant delivery services, integration of autonomous vehicles and drones for deliveries, expansion of last-mile delivery networks, rising consumer expectations for same-day and time-definite deliveries, adoption of advanced route optimization and tracking solutions. Major trends in the forecast period include collaboration between e-commerce platforms and delivery services, emergence of dark stores and micro-fulfillment centers, integration of artificial intelligence in delivery route planning, focus on sustainable and eco-friendly delivery options, increased use of data analytics for demand forecasting and inventory management.

The development of the e-commerce industry is predicted to contribute to the growth of the same-day delivery services market. The e-commerce industry has transformed the process of buying and selling goods. It is rapidly expanding due to increased population density and urbanization, the use of smartphones and tablets, the availability of internet access, the adoption of digitalization and online payment modes, faster purchasing options, lower costs, reduced travel costs and time, and convenience. The demand for same-day delivery is increasing as same-day delivery is becoming a more prevalent shipping option for people shopping online. For instance, in 2021, India Brand Equity Foundation (IBEF) recorded $8.3 billion of Indian e-commerce GMV during the festive season in 2020 which is 66% higher than the previous year’s festive season. Also, in 2021, the US Census Bureau of the Department of Commerce estimated $222.5 billion in US retail e-commerce sales during the second quarter of 2021. There was an increase of 3.3% from the first quarter of 2021. Therefore, the development of the e-commerce industry drives the growth of the same-day delivery services market.

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The same-day delivery services market covered in this report is segmented –

1) By Type: Business-to-Business (B2B), Business-to-Consumer (B2C), Customer to Customer (C2C)

2) By Service Type: International, Domestic

3) By Mode of Transportation: Airways, Roadways, Railways, Intermodal

4) By Application: Retail, E-Commerce, Healthcare, Manufacturing, Other Applications

Technological advancements are gaining popularity in the same-day delivery services market. Major players operating in the same-day delivery services sector are focused on developing technological advancements in their services to cater to the growing demand for same-day delivery of goods and services. For instance, in April 2021, Domino’s, a global pizza delivery retailer company, and Nuro, a leading self-driving delivery company, launched a fully autonomous pizza delivery on-road robotic vehicle called Nuro’s R2 robot for pizza delivery in Houston. Also, in July 2021, Yandex Self-Driving Group announced a partnership with GrubHub for the robotic delivery of food on college campuses. The robots will use self-driving technologies such as autonomous navigation of pavement, crosswalks, and pedestrians to reach areas on campus that are not accessible for cars.

The same-day delivery services market report table of contents includes: