Demand and rise of e-commerce have been the major factor contributing to the steady growth of the global same-day delivery market seen in the last few years. Same day delivery modules adopted by logistics providers like FedEx, UPS and DHL have changed consumer behavior and expectation. Ever growing fast paced last minute requirements need to be addressed and for consumers to believe in growing e-commerce giants. This commitment towards consumers predicts the global same-day delivery market size to increase tremendously over the forecast period. As per the market analysis, the same-day retail in the U.S. will grow steadily at a CAGR greater than xx% over the forecast. The market analysis also suggests that the Asia Pacific region will grow at the fastest CAGR in near future.
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Currently many key players from the same-day delivery industry are following the same-day delivery systems and modules. On September 13, 2018, Target Corporation announced that more than 55,000 groceries, home essentials and electronics and other products will be delivered on the same day as order placed in Ney York and Pennsylvania area by Shipt, an online groceries delivery service owned by Target Corporation. Shipt is estimated to deliver groceries to almost 1.4 milion homes from Ney York and Pennsylvania area. It also claims to make the delivery with one hour of the placement. Such companies and such delivery modules are changing the face of delivery systems around the world. Logistics providers are improvising and implementing new operational statistics and running many modules in pilot phase. In coming year’s same-day delivery service will be adopted by all the big players like Walmart and Alibaba. These companies are focusing on developing regions where tremendous potential and need for quick and easy logistics is required. Same-day delivery market share will hold a higher position in the global market given the changing consumer outlook towards online shopping. Consumers are ready to extra money if their desired products are delivered on the same day.
The market also faces certain challenges on the retailers, logistics service providers and package front. With better coordination and operating modules same-day delivery can become the highest revenue drawing service for many companies. The Global Same-Day Delivery Market is divided into the three end user segments: B2B, C2C and B2C. The B2C market report for the significant market shares is anticipated to grow in coming years. The major key players working on the same-day market amongst others are- Power Link Expedite, American Expediting Co., NAPAREX, Lasership, Prestige Delivery, TForce Final Mile, Parcelforce Worldwide, Express Courier, CitySprint,A-1 Express and Aramex.
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Geographical segmentation of the global same-day delivery market:
- South America
- North America
- United Kingdom
- Asia Pacific
- Latin America
- Rest of the world
- Middle East & Africa
- Southeast Asia
- Saudi Arabia
- South Africa
Across the world, North America reports for a significant hold on the same-day delivery market share and is anticipated to in the coming years. The United States plays a major role as a consumer as well in the global same-day delivery market. Asia Pacific and Europe are also predicted to have a productive impact on the growth of the market in future. As Europe ranks second largest region in with the substantial market. Whereas, Asia Pacific is predicted to grow at the fastest speed with the highest CAGR in the forecast period. Developing countries like China and India are also important players in the same-day delivery industry.
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Key consumers for the global same-day delivery market are-
- Venture capitalists
- Value-added resellers (VARs)
- Key consulting companies and advisors
- Third party knowledge providers
- Large, medium-sized and small enterprises
- Investment bankers
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