$192+ Billion Worldwide Drop Shipping Industry to 2031 - Growth of the E-Commerce Industry is Expected to Drive the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2022--
The “Drop Shipping Global Market Report 2022: Ukraine-Russia War Impact” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global drop shipping market.
The global drop shipping market is expected to grow from $150.88 billion in 2021 to $192.31 billion in 2022 at a compound annual growth rate (CAGR) of 27.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting markets across the globe. The drop shipping market is expected to grow to $568.74 billion in 2026 at a compound annual growth rate (CAGR) of 31.14%
- AliDropship(Sunshine Ecommerce Technologies LLC)
- Doba Inc
- SaleHoo Group Limited
- Shopify Inc.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Major players in the drop shipping market are AliDropship(Sunshine Ecommerce Technologies LLC), Doba Inc, SaleHoo Group Limited, Shopify Inc, Wix, Sunrise wholesale merchandise LLC, Megagoods Inc, Dropshipzone, Inventory Source, Printify Inc, Drop Ship Direct Inc , Onlinestorebiz LLC , Dropified LLC, Cymbio, and Spocket Inc.
The drop shipping market consists of sales of drop shipping services by entities (organizations, sole traders, and partnerships) that are used to fulfil or distribute an order without maintaining an inventory. Drop shipping refers to an order fulfilment process where a brand or store does not stock the goods it sells but instead buys the item from a third party, such as a wholesaler or manufacturer and ships the product directly to the buyer.
The main drop shipping products include toys, hobby and DIY, furniture and appliances, electronics and media, food and personal care and fashion. Toys, hobby and DIY refer to the fulfilment of toys, hobby and DIY product orders without stocking the products in a warehouse. The different types of drop shipping include business extensions, print on demand, creation of the product and product reselling. The drop shipping organization sizes include large enterprises and SMEs.
North America was the largest region in the drop shipping market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in drop shipping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growth of the e-commerce industry is expected to drive the drop shipping market. E-commerce refers to the purchase and sale of goods and services online or over the internet using phones, computers, laptops, and tablets. Drop shipping offers the e-commerce industry numerous benefits by eliminating the maintenance of inventory or physical stock, which further decreases warehouse and labor costs.
The e-commerce industry has grown exponentially during a pandemic due to the limited movement and at-home restrictions. According to the US Department of Commerce Retail Indicator Division, a US-based department concerned with commerce and economic growth, Quarterly Retail e-commerce Sales Q4 2021 report, in 2021, US e-commerce sales accounted for $870 billion, which has increased by 14.2% over 2020 and 50.5% over 2019. Therefore, the growth of the e-commerce industry drives the drop shipping market.
Integration of artificial intelligence (AI) in the drop shipping business is a key trend in the market. Major companies are integrating AI technology into the existing platforms. AI technology offers benefits such as personalization, automation of the process, analyzing data, and eliminating unwanted data. For instance, in 2021, AliDropship, a US-based subsidiary of Ali express for the drop shipping business, introduced Sellika, a new AI product description generator to automate product descriptions. This plugin assists in editing product descriptions, editing colors, and category descriptions, and offers a stop word list for titles.
The countries covered in the drop shipping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/iyrszy
View source version on businesswire.com:https://www.businesswire.com/news/home/20221220005488/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/20/2022 08:38 AM/DISC: 12/20/2022 08:38 AM