Global Same Day Delivery Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 17.8% in the Forecast Period

Published | 18 August 2021

The same-day delivery market is experiencing significant growth because of the flourishing e-commerce sector, along with the emergence of several online stores offering different types of products. Furthermore, the use of logistic software for better management of services and streamlining the process also works in favor of the market growth.

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global same day delivery market was worth USD 4.9 billion in the year 2020. The market is further estimated to grow at a CAGR of 17.8%, earning revenue of around USD 18.1 billion by the end of 2027. The market for same-day delivery worldwide is growing rapidly due to the thriving e-commerce sector, as well as the growing popularity of online stores that offer a range of products. If you choose same-day delivery, your order will be delivered within a few hours of purchasing it, or within a specified time range. The use of logistic software for better management of services and streamlining the same day delivery process is favoring the growth of the global same day delivery market. Nevertheless, ill warehouse management can negatively impact the market growth through an increase in shipping costs that reduce profit margins.

Increasing Business Efficiency Through Same Day Delivery Is Estimated to Boost the Global Market

Increasing efficiency of a business is one of the major tasks during operations which also helps in multiplying profits. Delivery on the same day helps ensure a timely flow of the products and keep the daily routine in check.  Furthermore, the logistic software applications, such as Logistically TMS, SAP Business By Design, etc., available in the market allows businesses and same day delivery providers to manage material handling, packaging, inventory, and all the other business processes more efficiently.

Low Shipping Cost Is Projected to Drive the Global Same Day Delivery Market during The Forecast Period

Small firms that offer same-day delivery often partner with local courier companies; thus, it does not place a lot of restrictions on the overhead expenses of small business. As a result, such companies are able to improve their brand name, as well as reduce overhead expenses and shipping costs besides expanding their profit margins. Outsourcing same-day delivery services also helps businesses maintain customer expectations, which further propels the global market for same-day delivery.

Global Same Day Delivery Market - By Service

Based on services, the global same day delivery market is segmented into domestic and international. Since courier companies charge lower shipping charges, the domestic segment accounts for the biggest share of the market and is likely to maintain its dominance even during the forecast period. Furthermore, the local e-commerce companies as well as small businesses turning to online business are contributing significantly to the growth of the same day delivery market. Additionally, the international shipping segment is also gaining momentum and is expected to witness a substantial growth rate during the forecast period.

Global Same Day Delivery Market - Regional Insights

Geographically, the global same day delivery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, the Asia-Pacific region dominates thesame day delivery market. However, North America is estimated to witness the highest CAGR during the forecast period due to the presence of several leading e-commerce platforms like Amazon, Walmart, Target, Etsy, etc., in the region, which offer same day delivery services. Furthermore, this region also has a high concentration of same day delivery service providers such as FedEx, A1 Express Services, etc., which is propelling the growth of the market.

Impact of COVID-19 on Global Same Day Delivery Market

The global same day delivery market was one of the worst affected markets during the COVID-19 outbreak. Several countries had to ban imports and exports of non-essential goods from other countries for conserving resources as well as to prevent the spread of the virus. Furthermore, the online sale of non-essential goods was also barred, which affected the market negatively. However, with the lockdown imposed by the governments of different countries, the same day delivery market flourished in the local market due to the huge demand and supply of essential goods such as fruits, vegetables and other edible items. Thus, the global same day delivery market is estimated to flourish in the post-COVID-19 period.

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Competitive Landscape

Some of the leading market players in the global same day delivery market are FedEx, Jet Delivery, Inc., XPO Logistics, Inc., United Parcel Service of America, Inc., Dropoff, Inc., Deutsche Post AG, Deliv, Courier Express, Aramex, A1 Express Services Inc., Power Link Expedite, USA Couriers, DHL, Singapore Post Ltd., Pos Malaysia Berhad, Yamato Holdings Co. Ltd., Poste ItalianeSpA, Royal Mail PLC, Qantas Courier Limited, and other prominent players.

The market is dominated by several established companies like FedEx, Jet Delivery, DHL, etc., with strong distribution network. Additionally, the companies often adopt competitive strategies such as partnerships, mergers, acquisitions, and collaborations to increase their market penetration and improve their presence globally.

Don’t miss the business opportunity of the global same day delivery market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global same day delivery market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global same day delivery market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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