“Global Same Day Delivery Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global same-day delivery market has been segmented on the basis of type, service, as well as regions and countries.
Overview:
Same day delivery is defined as the shipping out and delivery of products in less than 24 hours, preferably within the same day.
Dynamics:
The unfolding substitution of retail sales with online sales through e-commerce platforms is leading to a substantial increase in business-to-customer orders or shipments. This increase in shipments paired with growing consumer demands for faster delivery services is a major factor that is contributing to the overall revenue growth of the global same day delivery market.
Lengthy delivery times is a primary reason why individuals opt to do their shopping at a bricks & mortar outlet as opposed to an online platform. However, with the advent of same-day delivery, customers are able to receive their orders within a day. This lowered wait time, coupled with the added convenience of shopping online is steadily creating more opportunities for the revenue growth of this global market in the foreseeable future. Nonetheless, the requirement for complex logistical infrastructure, as well as high initial investments are factor that may hinder the revenue growth of this market in the years to come.
However, in light of the recent COVID-19 pandemic, more individuals are looking to make their necessary purchases through online forums, and same day delivery has facilitated an immense influx of new customers during this lockdown phase, which is expected to significantly impact the revenue growth of this market for many years to come.
Segmentation of the global same day delivery market is as follows:
In terms of type, the B2B segment accounted for the majority revenue share of the global same day delivery market in 2019. Although, the B2C segment is expected to register the fastest rate of revenue growth over the next 10 years, owing to the increasing inclination of consumers to choose e-commerce platforms to fulfill their shopping needs.
On the basis of service, the domestic segment accounted for the highest number of revenue shares of the global market in 2019. This can be accredited to the growing presence of e-commerce operators that function within a specific country. The international service segment is slated to index substantial revenue growth over the next 10 years owing to increasing cross-border trade opportunities.
Regional Segmentation and Analysis:
The APAC region accounted for the majority revenue share of the global same day delivery market in 2019. This can be accredited to the rising number of online shoppers and the mushrooming number of e-commerce companies in this region.
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