Global Same Day Delivery Market foreseen to cross USD 15 billion by 2025

Market overview:
The global Same Day Delivery Market was worth USD 4.6 billion in 2020, and it is estimated that it will reach a valuation of USD 15.1 billion by 2025 at a CAGR of 20.3% during the outlook period.

Same day delivery means delivering the products to the customers on the same day of order. E-commerce companies charge consumers more for express delivery. Consumers often opt for express courier services when they are busy and want their products delivered as quickly as possible. Additionally, these companies are expected to partner with manufacturers for inventory management, warehousing, and shipping cost management.

Market Drivers and Restrains:
The global market for same-day delivery is expected to see significant growth in the coming years as demand for express delivery of products purchased online increases. Customers tend to opt for same-day delivery because they can quickly ship their products right to the door rather than visiting an actual retail store. The growing demand for immediate delivery of medicines and food and beverages can help service providers strengthen distribution channels. Also, the need for complex transportation infrastructure combined with high initial investment is expected to slow market growth. This has led to the use of the revenue share of the main companies operating in the market. Therefore, online orders are expected to increase significantly due to the above-mentioned factors, which will drive the growth of the market.

Additionally, the introduction of innovative technologies by e-commerce companies to ensure same-day delivery can accelerate market growth. Increased Internet users and increased adoption of smartphones can promote online shopping and consequently increase demand for same-day messaging services. The introduction of fully automated robots in logistics can reduce errors and increase speed of delivery, which can drive future market growth. The increase in online shoppers due to the increased penetration of e-commerce platforms could create profitable opportunities in the future market. The high initial investment required to upgrade existing infrastructure with robotic machines can hamper market growth. High maintenance, fuel and labor costs can negatively affect the profitability of e-commerce companies that manage logistics.

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Report is segmented as:
The global same day delivery market can be segmented by type and application.
Depending on the type, the market can be classified into Business to Customer (B2C) and Business to Business (B2B). The B2C segment is expected to expand at the fastest CAGR of 23.1% from 2020 to 2025. The B2C segment is expected to see significant growth in the coming years due to the benefits of same-day delivery services, such as the timely delivery of products.

In terms of application, the market can be divided into retail stores and e-commerce. The e-commerce companies are adopting a geocentric strategy to offer their customers the latest products with fast delivery.

Geographical Segmentation:
Asia Pacific is a leading region in the market as the number of B2C customers increases. The growth of the e-commerce sector in developing countries such as Japan, India and China are expected to attract the attention of online shopping consumers. North America is expected to emerge as one of the promising regions in the market due to the growth of the B2C e-commerce sector in the United States. Europe will be very profitable thanks to the presence of a B2B courier company offering same-day and next-day delivery.
Impact of COVID 19 on Same Day Delivery Market

The global impact of Coronavirus Disease (COVID-19) in 2019 has already begun to be detected and will have a major impact on the same day delivery market in 2020. However, the market slowly gained its pace and now developing at an exponential rate in the worldwide marketplace.

Key market players:
Some of the leading companies operating in the global same day delivery market are USA Couriers, DHL Group, Express Courier, and Parcel force Worldwide.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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