Same-day Delivery Market Overview:
The Same-day Delivery Market size was valued at USD 9.57 Bn in 2023 and is expected to reach USD 41.42 Bn by 2031, and grow at a CAGR of 20.1% over the forecast period 2024-2031.
Same-day delivery is the process of delivering a product from the manufacturer to the end-user in a shorter amount of time. Same-day delivery services have grown in popularity in the logistics industry because they allow service providers to build and expand their businesses profitably. Furthermore, as a result of the rising demand for products in a shorter time frame, manufacturers have chosen for speedy product delivery, which has created attractive market growth potential. Same-day delivery services also provide several benefits, such as increasing customer experience and lowering logistical costs, which contributes to the worldwide same-day delivery market's development.
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In metro markets, Pickrr has announced same-day deliveries. The logic-tech company is presently delivering more than 90% of orders the next day after they are placed. based on pickrr's point of view "Due to changing client needs, the e-commerce sector has seen a lot of changes." Last-mile operations have long been a source of frustration and a key impediment to same-day delivery. As a result of their attempts to satisfy client expectations, merchants have been compelled to adopt techniques that have pushed them toward their aim of achieving maximal same-day delivery in metro areas. Pickrr will continue to provide new technology that will assist companies in overcoming logistical challenges."
MARKET DYNAMICS:
KEY DRIVERS:
Consumer behavior is shifting as the e-commerce business expands.
Drones and self-driving delivery trucks are becoming more common for same-day deliveries.
RESTRAINTS:
A lack of infrastructure, as well as greater logistical costs.
manufacturers and merchants have no influence on logistics services.
OPPORTUNITY:
The logistics industry's ongoing efforts to provide efficient and fast same-day deliveries
Last-mile deliveries are becoming more common, while logistics automation is becoming more common.
The deployment of a multi-modal system has resulted in a reduction in lead time.
IMPACT OF COVID-19:
Flight cancellations, travel restrictions, and quarantines have all been imposed as a result of the COVID-19 epidemic, causing huge delays in the supply chain and logistical activities throughout the world. Important supply chains in the logistics and transportation business have been impacted as a result of the coronavirus pandemic, but in varied ways in the air, freight, and maritime sectors. The COVID-19 outbreak has had a direct impact on logistics firms that handle product transit, storage, and movement. Movement limitations, border controls, closures, and health screening are the most prevalent causes of the reduction in growth. Due to the closing of national and international borders, which has restricted the movement of freight carriers, the same-day delivery industry has also seen a drop-in activity.
MARKET ESTIMATION:
The B2B sector led the market in terms of revenue in 2023. Manufacturers, merchants, and distributors are among the end-user consumers served by the B2B category. Market expansion is being aided by the introduction of online B2B e-commerce platforms. Furthermore, the B2B segment's revenue share is larger due to the bigger weight of the goods, which results in higher transportation expenses.
From 2024 to 2031, the B2C category is expected to grow at the quickest rate. Consumers' increasing preference for e-commerce platforms is responsible for this increase. Due to the advantages of same-day delivery services, such as rapid product delivery, the C2C industry is likely to increase significantly in the coming years.
The domestic sector led the market in terms of revenue in 2023. The existence of a significant number of local e-commerce platforms operating within the country is credited with this rise. Furthermore, increased internet penetration combined with an increase in the number of e-shoppers is expected to drive category growth throughout the projection period. Customers' purchase selections are influenced by shipping times; hence e-commerce platforms have begun to provide same-day delivery options. Over the projection period, the international service category is expected to increase significantly. The industry is seeing growth potential as cross-border e-commerce trade expands. As a result, internet retailers provide worldwide delivery to entice customers from other nations. International packages, on the other hand, have far higher delivery charges than domestic deliveries.
KEY MARKET SEGMENTS:
On The Basis of Type:
B2B
B2
C2C
On The Basis of Service:
International
Domestic
On The Basis of Application:
Retail
E-commerce
Healthcare
Others
REGIONAL ANALYSIS:
In 2023, Asia Pacific led the same-day delivery market. The expansion of the regional market may be attributed to an increase in the number of e-commerce enterprises, as well as an increase in the number of online customers. Furthermore, regional market development is expected to be fueled by rising internet penetration, smartphone use, and increasing urbanization. Over the projection period of 2024-2031, North America is predicted to increase significantly. The existence of key businesses is credited to this expansion, and these companies are offering same-day delivery services to increase their service offerings in the region. Furthermore, the region's robust e-commerce business is expected to provide doors for the market.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players are A1 Express Services Inc., Aramex, DHL, Dropoff, Inc., FedEx Corp., Jet Delivery, Inc., Power Link Expedite, United Parcel Service of America, Inc., USA Couriers, XPO Logistics, Inc.
A1 Express Services Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 9.57 Billion |
| Market Size by 2031 | US$ 41.42 Billion |
| CAGR | CAGR 20.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (B2B, B2, C2C) • by Service (International and Domestic) • by Application (Retail, E-commerce, Healthcare, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | A1 Express Services Inc., Aramex, DHL, Dropoff, Inc., FedEx Corp., Jet Delivery, Inc., Power Link Expedite, United Parcel Service of America, Inc., USA Couriers, XPO Logistics, Inc. |
| Key Drivers | •Consumer behavior is shifting as the e-commerce business expands. •Drones and self-driving delivery trucks are becoming more common for same-day deliveries. |
| Market Restraints | •A lack of infrastructure, as well as greater logistical costs. •manufacturers and merchants have no influence on logistics services. |
Ans:- The Same-day Delivery Market size was valued at USD 9.57 Bn in 2023.
Ans:- A lack of infrastructure, as well as greater logistical costs and manufacturers and merchants have no influence on logistics services.
Ans:- In 2023, Asia Pacific led the same-day delivery market.
Ans:- The primary growth tactics of Artificial Intelligence in Accounting market participants include merger and acquisition, business expansion, and product launch.
Ans:- The study includes a comprehensive analysis of Same-day Delivery Market trends, as well as present and future market forecasts. DROC analysis as well as impact analysis for the projected period.Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Same-day Delivery Market Segmentation, by Type
8.1 B2B
8.2 B2
8.3 C2C
9. Same-day Delivery Market Segmentation, by Service
9.1 International
9.2 Domestic
10. Same-day Delivery Market Segmentation, by Application
10.1 Retail
10.2 E-commerce
10.3 Healthcare
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 A1 Express Services Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Aramex
12.3 DHL
12.4 Dropoff, Inc.
12.5 FedEx Corp.
12.6 Jet Delivery, Inc.
12.7 Power Link Expedite
12.8 United Parcel Service of America, Inc
12.9 USA Couriers
12.10 XPO Logistics, Inc.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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