According to the findings of a research report available on Radiant Insights, Inc., the global same-day delivery market is predicted to witness rapid expansion over the forecast period (from 2017 to 2022).Same-day delivery services have become essential to almost all online businesses as mobile or online shopping continues to grow. This is projected to contribute toward the development of the overall market in the near future.
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Online shoppers look for retailers who can deliver purchased goods within the shortest period of time. This is also anticipated to have a major and positive impact on the growth of the global market over the coming years. Furthermore, same-day delivery services can help retailers gain more revenue as shoppers are willing to pay extra to get their orders delivered on the same day. This factor is also likely to augment the global market demand during the next few years.
The global market is categorized as per application or end use and region. Based on application, the same-day delivery market is categorized into Business-to-Business (B2B) and Business-to-Customer (B2C).Based on region, the market is divided into Southeast Asia, Japan, India, China, Europe, and United States.
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Same-day delivery services are becoming popular day by day and this trend is likely to continue in the U.S. region over the coming years. Rapidly developing e-commerce industry in the region is anticipated to spur the same-day delivery market over the forecast years. The overall revenue from the e-commerce sector has grown considerably over the past few years. Small-scale firms such as Eastern Connection are increasingly focusing on some specific states and cities within U.S. Due to this, these firms are likely to capture a significant market share from big companies such as NewEgg and Amazon. The US region is mainly dominated by the B2C segment on account of the presence of international or large scale e-commerce companies.
The Southeast Asia region is also likely to witness tremendous growth over the estimated period. The regional development can be attributed to factors such increased number of online shoppers, rapid infrastructure development in various emerging nations, and increased customer disposable income. In addition, the region is experiencing a growing number of online shopping businesses and this is predicted to escalate the overall same-day delivery market demand during the next few years. Rising awareness levels among retailers about the benefits of providing such services, like increased revenue generation and customer base, are also expected to support the regional market expansion.
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Some of the top companies operating in the worldwide same-day delivery market are FedEx Corp.; Parcelforce Worldwide; DHL Express; TForce Final Mile; American Expediting Co.; and Power Link Expedite. These companies focus on partnerships and business expansions to incorporate same-day delivery services to attract new consumers and retain existing ones.
For example, US retailer Target is all set to enter this market through a partnership with Shipt. Through this collaboration, the retailer would be offering same-day delivery for all its items – right from electronics and home furnishings to groceries. The COO of the company stated that Shipt’s strong network of local consumers will accelerate and strengthen Target’s ability to provide cost-effective same-day delivery services to its users across the nation. Furthermore, with this partnership, the US retailer hopes to expand its business at a faster pace.
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About Radiant Insights, Inc
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
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