Global Same Day Delivery Market

Global Same Day Delivery Market, By Type (B2B, B2C, C2C), By Service (Domestic, International),By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2148
  • Available Format: PDF
  • Page: 187

Report Overview

The global same day delivery market is gaining significant traction due to the rapid growth of the e-commerce business, industrialization and globalization in emerging countries along with the changing preferences of consumers along with the rising shift of durable goods to the online stores.

The global same day delivery market was worth USD 4.9 billion in 2020 and is further projected to reach USD 18.1 billion by the year 2027, growing at a CAGR of 17.8% in the forecast period. The market is gaining significant traction due to the rapid growth of e-commerce businesses, industrialization, and globalization in emerging countries, along with the changing preferences of Millennial consumers.Furthermore, during the forecast period, the shift from offline stores to online stores is expected to further propel the growth of the global same-day delivery market.

same day delivery market

Source: BlueWeave Consulting

Global Same Day Delivery Market- Overview

Same-day delivery is a service that allows you to get the products within 24hours. It is a faster option as compared to other delivery modes.However, it is more expensive even though it provides a convenient way to shop online with immediate access to products. Several leading online stores such as Whole Foods, Walmart, Target, Instacart, etc., offer same day delivery options. The same day delivery service is widely used for durable goods like grocery or medicines, and drugs. Due to the ease of ordering via online platforms, along with shorter shipping times, this market is experiencing continued growth and is likely to boom during the forecast period.

Global Same Day Delivery Market Forecast and Trends

Growth Drivers

Flourishing e-Commerce Platform

Since the turn of the century, e-commerce has grown in popularity and is gaining a growing share of the retail market. The industry has seen several online platforms emerge as leading stores with significant shares of global sales. Platforms like Amazon, Walmart, Target, eBay, Etsy, Best Buy, etc., are offering same day delivery services to expand their revenue and lower their overall shipping cost to increase their profit margin. For instance, Amazon offers free and same day delivery benefits to its Prime member only.

Benefits of Same Day Delivery Market

Small businesses are often reluctant to offer same day delivery due to its complications and high management. Nevertheless, same day delivery combined with a partnership with local courier service providers can be a real boon for small and growing companies. For instance, a small business's brand name is enhanced when the customers receive their orders on the same day, especially in cases of medical emergencies when you are urgently in need of medicines and pharmacies. Such benefits also work in favor of the growth of the global same day delivery market.

Restraints

High Chances of Logistical Complications

Same-day delivery requires proper storage of the right products in the warehouses. Therefore, sufficient store and warehouse space are necessary to ensure the proper delivery of the requested products. This is a huge obstacle, especially for small businesses, to make use of same-day delivery services. Furthermore, it is also not a very cost-effective option, and if not managed properly, will drastically affect the profit margin. This acts as a major restraining factor for the growth of the global same day delivery market.

Impact of COVID-19 on Global Same Day Delivery Market

The unprecedented outbreak of the COVID-19 pandemic has had a disastrous effect on the global same day delivery market. This is because of the massive obstruction of the supply chain and logistic activities around the world. The manufacturing and production of non-essential goods were halted, and their distribution was also prohibited to curb the spread of the deadly virus. As a result, the leading companies faced huge revenue losses in this period. Furthermore, the stringent regulations pertaining to the movement and storage of exported and imported goods due to cross-border restrictions and health screening processes also affected the market negatively.

Global Same Day Delivery Market - By Type

Based on types, the global same day delivery market is segmented into B2B, B2C, and C2C. The B2B segment captures the largest market share because of the large supply chain among manufacturers, wholesalers, and retailers. The aggregate supply of goods lowers the overall shipping costs per product, allowing businesses to meet market demands. Furthermore, the B2C segment is also gaining significant traction because of the growing consumer inclination towards e-commerce platforms for their shopping needs.

Global Same Day Delivery Market - By Service

Based on services, the global same day delivery market is segmented into domestic and international. The domestic segment accounts for the largest market share due to the convenience and reduced shipping prices levied by courier companies. Local e-commerce companies, as well as small businesses who have switched to online operations, are driving the market forward. International shipping, on the other hand, 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. The Asia-Pacific region dominates this market because of the emerging e-commerce companies in this region. Further, e-commerce platforms like Alibaba, Lazada, Flipkart, GittiGidiyor, Rakuten, and many others capture large shares of the market due to the availability of local products that cater to the needs of consumers. Furthermore, the increasing penetration of smartphones and the internet is another major factor propelling the growth of the same day delivery market in the APAC countries.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

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.

Several established companies dominate the market, like FedEx, Jet Delivery, and DHL, which have strong distribution networks. Moreover, the companies often adopt competitive strategies like partnerships, mergers, acquisitions, collaborations, etc., to increase their market penetration and improve their presence in various geographies.

Recent Developments

  • In August 2021, Optus, an Australian telecommunications company, announced its partnership with Uber for same day delivery of the latest smartphones in Australia.
  • In August 2021, NutriMoo, an Indian dairy, and whole-food tech startup launched daily essentials such as fresh vegetables, fruits, bread, etc., with same day delivery.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Service, By Region

Key Players

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.

 

By Type

  • B2B
  • B2C
  • C2C

By Service

  • Domestic
  • International

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

 

FAQs:

1. What is the current size of the global same day delivery market?

Answer: The global same day delivery market reached USD 4.9 billion in 2020.

2. What are the major factors driving the growth of the global same day delivery market?

Answer: The major factors driving the growth of the global same day delivery market are; flourishing e-commerce platforms and benefits for the same day delivery market.

3. Who are the key players in the global same day delivery market?

Answer: The key 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.

4. Which service segment accounted for the largest share in the global same day delivery market?

Answer: The domestic segment accounted for the largest share in the global same day delivery market.

5. Which region is at the highest growth rate in the global same day delivery market?

Answer:The Asia-Pacific region has the largest share in the global same day delivery market.