Same Day Delivery Market Outlook
The global same day delivery market size was valued at USD 6.50 billion in 2022 and is expected to reach USD 34.05 billion by 2031, expanding at a CAGR of 20.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising urbanization, changing customer expectations towards delivery, and rapid e-commerce adoption.
Same day delivery services offer parcel in less than 24 hours, rather within the same day of the order. Ease of ordering through online platforms, along with minimized shipping time is expected to drive the market. Same day delivery service couples the convenience of online shopping with immediate goods availability.
Same Day Delivery Market Trends, Drivers, Restraints, and Opportunities:
- Stationery retail stores are being replaced by online retail shops through e-commerce platforms, which has increased B2C transactions.
- Availability of same day delivery is estimated to promote e-commerce among consumers.
- Need for composite delivery infrastructure, along with large initial investment, is expected to hamper the market growth.
- Extended delivery time is one of the major factors, due to which, consumers shop in brick-and-mortar stores than on online stores.
- Key e-commerce platforms are starting their own logistics operations to provide quick delivery services to consumers.
Scope of The Same Day Delivery Market Report:
The report on the same day delivery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Same Day Delivery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (B2B, B2C, and C2C), Services (International and Domestic)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Jet Delivery, Inc., Courier Express, United Parcel Service of America, Inc., FedEx, Deutsche Post AG, XPO Logistics, Inc., A1 Express Services Inc., Aramex, Dropoff, Inc., and Deliv.
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Same Day Delivery Market Segment Insights:
The B2B segment held a major share of around 58.35% of the total revenue share in 2019
Based on types, the same day delivery market is segregated as B2B, B2C, and C2C. B2B segment dominated the market in 2019. The B2B segment accommodates end-use customers, such as retailers, wholesalers, and manufacturers. The arrival of online B2B e-commerce platform is estimated to propel the market growth. Shipping costs are high in B2B segment.
The B2C segment is anticipated to expand at a substantial CAGR of 23.01% during the forecast period, due to rising preference of customers towards e-commerce. For instance, e-commerce platforms including Amazon, Inc.
are providing one-day delivery option to their customers in order to attract more consumers. The C2C segment is projected to witness substantial growth during the forecast period, owing to timely delivery of products.
The domestic segment dominated the market with a share of around 76.39% of the total revenue in 2019
On the basis of services, the same day delivery market is bifurcated into domestic and international. The domestic segment is expected to witness a rapid CAGR during the forecast period.
The growth of the segment is attributed to the presence of large number of local e-commerce platforms in the country. Additionally, increasing internet usage, along with rising number of e-shoppers is anticipated to boost the segment growth during the forecast period.
As consumers depend upon delivery time for shopping, several e-commerce platforms have started providing same day delivery. The international segment is anticipated to expand at a CAGR of 23% during the forecast period.
Growing cross-border e-commerce trade is providing growth opportunities for the segment. International shipping is offered by online sellers to attract a global audience. Shipping charges are higher for international parcel as compared to domestic delivery.
Same Day Delivery Market Regional Outlook
The market in Asia Pacific held a major share of around 37.91% of the total revenue in 2019
In terms of regions, the same day delivery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is estimated to expand at a substantial CAGR during the forecast period. Market growth in the region is attributed to rising number of online shoppers along with presence of several e-commerce companies.
Additionally, factors such as increasing internet usage, smartphone users, and rapid urbanization are expected to boost the market growth. The market in North America is anticipated to expand at a robust CAGR of 20.2% during the forecast period.
The growth in the region is attributed to presence of major players such as A1 Express Service Inc., United parcel service of America, Inc., and FedEx. These companies offer same day delivery to expand their services and attract customers.
Segments
Types
Services
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Jet Delivery, Inc.
- Courier Express
- United Parcel Service of America, Inc.
- FedEx
- Deutsche Post AG
- XPO Logistics, Inc.
- A1 Express Services Inc.
- Aramex
- Dropoff, Inc.
- Deliv
Competitive Landscape
Key players in the same day delivery market include Jet Delivery, Inc., Courier Express, United Parcel Service of America, Inc., FedEx, Deutsche Post AG, XPO Logistics, Inc., A1 Express Services Inc., Aramex, Dropoff, Inc., and Deliv.
The companies are majorly concentrating on acquisitions, mergers, and collaborations to be relevant in the market by implementing various growth strategies. Additionally, companies are continuously focusing on providing high-quality services as a part of the growth strategy.
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