IMARC Group, a leading market research company, has recently releases report titled “Dropshipping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global dropshipping market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the dropshipping market?
|Market Size in 2022||US$ 210.2 Billion|
|Market Forecast in 2028||US$ 913.1 Billion|
|Growth rate (2023 to 2028)||CAGR of 27.6%|
|Base Year of the Analysis||2022|
What is dropshipping?
Dropshipping is a retail fulfillment model that allows e-commerce businesses to outsource the procurement, storage, and shipping of goods to a third-party supplier, such as a wholesaler or manufacturer. It typically involves signing agreements with drop shippers, accepting online customer orders, and managing product delivery. As a result, it provides improved scalability and flexibility, minimizes overhead and startup costs, manages inventory, ensures timely order fulfillment, and handles inbound shipments. Owing to these benefits, dropshipping is gaining immense popularity among businesses across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/dropshipping-market/requestsample
What are the growth prospects and trends in the dropshipping industry?
The market is primarily driven by the expanding e-commerce industry owing to the growing preference toward online shopping. In addition, the recent outbreak of the coronavirus disease (COVID-19) pandemic, with its stringent policies, encouraged more people to use online retail platforms to purchase essential consumer goods, which contributed to market growth. The wide range of product options offered by e-commerce platforms, ease of ordering and returns, and multiple payment methods further support this trend. Moreover, various technological advancements, including the integration of voice-enabled virtual assistants and chatbots with e-commerce apps and websites to streamline dropshipping operations, represents another major growth-inducing factor. Besides this, the widespread adoption of the dropshipping business model for its several benefits and the surging penetration of smartphones and high-speed internet is accelerating the product adoption rate. Furthermore, the rising demand for faster package delivery, changing consumer spending patterns, increasing number of e-commerce startups, and expanding cross-border e-commerce trade activities are propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Toys, Hobby and DIY
- Furniture and Appliances
- Food and Personal Care
- Electronics and Media
Breakup by Type:
- Same-Day Delivery
- Regional Parcel Carriers
- Heavy Goods Delivery
Breakup by Application:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Customer-to-Customer (C2C)
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Doba Inc.
- Megagoods Inc.
- Modalyst Inc. (Wix.com Ltd.)
- SaleHoo Group Limited
- Shopify Inc.(NYSE: SHOP)
- Sunrise Wholesale Merchandise
- Worldwide Brands Inc.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/dropshipping-market/requestsample
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Follow us on Twitter: @imarcglobal