USD 17828.25 million
Report ID:
SQMIG45D2045 |
Region:
Global |
Published Date: April, 2024
Pages:
255
|Tables:
92
|Figures:
76
Same Day Delivery Market size was valued at USD 24710 Million in 2023 and is poised to grow from USD 34223.35 Million in 2024 to USD 194504.95 Million by 2032, growing at a CAGR of 38.5% during the forecast period (2025-2032).
Customers prefer shopping in local shops over online platforms because of a number of reasons. One of the most notable reason is the long delivery time. But on the other hand, Same-day delivery services, deliver goods in less than 24 hours, preferably on the same day as the order has been placed. As a result, it combines the convenience of online purchasing with the immediacy of physical shopping. Moreover, the ease of ordering through online platforms, coupled with faster shipping time, empowers the Same Day Delivery Market to rapidly grow.
The availability of same-day delivery services is also anticipated to encourage consumer adoption of e-commerce/online shopping. As a result, online retailers are expected to take benefit from the adoption of same-day services. Although the product delivery time is significantly reduced and the convenience boosts their position compared to physical retailers. Moreover, same-day delivery services combine the flexibility of online shopping with quick product availability. The aforementioned benefits, combined with e-commerce platforms' increasing adoption of same-day delivery services, are anticipated to drive Same Day Delivery Market growth over the forecast period.
US Same Day Delivery Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 17828.25 million
Largest Segment
Domestic
Fastest Growth
International
Growth Rate
38.5% CAGR
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The Global Same Day Delivery market is segmented based on end user, by service, mode of transportation, application, and region. Based on end user Same Day Delivery Market is categorized into: b2b, b2c and c2c. Based on service Same Day Delivery Market is categorized into: domestic and international. Based on application, Same Day Delivery Market is segmented retail, e-commerce, healthcare, manufacturing, documents & letters and others. Based on Mode of Transportation is segmented into airways, roadways, railways, and inter modal. Based on region Same Day Delivery Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Same Day Delivery Market Analysis by End User
Revenue wise, the B2B segment dominating the Same Day Delivery Market with more than 55% in 2021. The end-user customers of the B2B segment are manufacturers, retailers, and wholesalers. Moreover, the B2B segment's revenue share is higher due to the heavier weight of the packages, which results in higher shipping costs. From 2022 to 2028, the B2C segment is projected to expand at the fastest pace, with a CAGR of more than 23%. Consumers' growing preference for e-commerce platforms is responsible for this growth. For instance, in order to gain more customers and provide them with a unique shopping experience, online e-commerce platforms such as Amazon, Inc. offer one-day delivery options to their customers.
Same Day Delivery Market Analysis by Service
In 2021, the domestic sector dominated the Same Day Delivery Market with more than 70% market share. The presence of a large number of local e-commerce platforms operating within the country is attributed to this growth. Moreover, increasing internet penetration, coupled with an increasing number of e-shoppers, is anticipated to drive segment growth over the forecast period. Customers' buying decisions are influenced by shipping time, so e-commerce platforms have begun offering same-day delivery services. The international service segment is projected to expand significantly over the forecast period, expanding at a CAGR of 23.4% from 2022 to 2028. Burgeoning cross-border e-commerce trade opens new opportunities for the segment.
Same Day Delivery Market Analysis by Application
E-commerce means the buying and selling of goods over the internet. Same-day delivery service providers carry out the shipping of products to consumers within 24 hours of placing an order. Moreover, the e-commerce company uses same-day delivery service to manage and oversee e-commerce companies' supply chains, allowing these companies to focus on marketing and other business operations. As a result of numerous benefits provided by same-day delivery service providers to the e-commerce industry, adoption of such quick delivery service is increasing at a rapid pace, driving the growth of the Same-day Delivery Market.
Same Day Delivery Market Analysis by Mode of Transportation
The key factors driving globalization are dynamic Same Day Delivery Market conditions and global economic movement. Various exchange activities have increased in recent years as a result of the rise in globalization. Moreover, globalization leads to increased manufacturing and trade activities all over the world. Growing trade activities require efficient goods transportation solutions.
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In 2021, Asia Pacific dominated the Same-day Delivery Market, contributing more than 35% of the total revenue share. The increasing number of e-commerce companies, as well as the rising number of online shoppers, have been credited with the regional market's growth. Moreover, increasing internet penetration, smartphone adoption, and urbanisation are anticipated to push regional Same Day Delivery Market expansion. North America is anticipated to witness significant growth during the forecast period, expanding at a CAGR of 20% from 2022 to 2028. This growth would be attributed to the presence of major players, such as FedEx, A1 Express Services Inc., and United Parcel Service of America, Inc.
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Same Day Delivery Market Driver
Same Day Delivery Market Restraint
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The Global Same Day Delivery market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of Same Day Delivery Market revenue. Companies are mainly focusing on mergers, acquisitions, and joint ventures or collaborations to hold a competitive position in the market.
Same Day Delivery Market Top Player's Company Profiles
Same Day Delivery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, current attempts to construct a Same Day Delivery are centred on the peaceful coexistence of stakeholders of all sizes, promote decentralised division of power, and hasten the transition to web 3.0. The promise of the Same Day Delivery is based on the disruption of existing technologies and the integration of multiple platforms for value creation in a virtual universe of possible applications spanning work, entertainment, financing, trade and exchange of services, virtual travel, gaming, and digital engagements in an immersive self-sustaining ecosystem powered by digital currencies and enabling edge computing.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 24710 Million |
Market size value in 2032 | USD 194504.95 Million |
Growth Rate | 38.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Same Day Delivery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Same Day Delivery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Same Day Delivery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Same Day Delivery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45D2045
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