Same-day Delivery Market Size, Share, Growth, and Industry Analysis by Type (B2B, B2C), by Application (Food, Consumer), and Regional Forecast to 2031

Updated On: 20 November 2023

Report Overview

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The global same-day delivery market size was US$ 11620 million in 2020. As per our research, the market is expected to reach US$ 123050 million by 2027 in 2027, exhibiting a CAGR of 38.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Same-day Delivery market, which from the order placed to shipment completed is not beyond one day. Online retailers are expected to advantage from the reduced delivery time as almost immediate product access improves their position against stationary retailers and makes the superior choice, greater convenience, and often lower prices of online shopping even more tempting. The availability of same-day delivery is expected to support e-commerce implementation and motivate the online sale of product categories not yet bought online on a large scale, which includes essentials such as groceries and medical supplements. The increasing preference of consumers toward different online shopping and e-commerce platforms to save time and avoid the requirement of visiting physical stores and supermarkets signifies one of the major reasons motivating the demand for same day delivery around the world. Technological advancements and innovation activate unique revenue augmenting opportunity which will increase the market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Noticeable retailers are associating with logistic companies in order to support their distribution network and offer faster delivery to capture consumer base.

Worldwide economic growth and energetic market circumstances are essential elements speed up globalization. Constant increase in creation of e-commerce companies, the provision of same day last mile deliveries is witnessing a key improvement in the logistics industry. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs.

COVID-19 Impact:  Pandemic Hampered the Market Due To Unexpected Disruption In The Sector

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into B2B, B2C.

B2C will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into food, consumer.

The market players cover segment as consumer will dominate the market share during forecast period.

Driving Factors

"Increasing in Disposable Income And Consumer Expectation To Boost The Market Growth"

Business owners can grab opportunity by seeing that consumers are keen to pay more for faster delivery options. It is also important to note that consumers greatly value delivery options when choosing a company or purchasing a product. Same-day delivery services are assisted by the acute mass of consumers with sufficient financial resources to pay for such a premium service. The ability and willingness to pay this price are vital that come from the stable financials of consumers supported by the growing GDP of the country. Rising consumer preferences for shopping groceries online on account of rapid urbanization, busy lifestyles, and expanding purchasing power of individuals is supporting the growth of the market. 

"Increase in Trading Activity Due To Globalization To Upsurge The Market"

Numerous activities related to trade have been observed to upsurge, due to rise in globalization from some years. Moreover, rising globalization leads to increased manufacturing and trade activities through the world. Growing trade activities require efficient transportation solution for goods transportation. The growing trade activities and increasing concern toward continuous transportation activities are expected to upsurge the same-day delivery market growth.

Restraining Factor

"High Cost To Hamper The Market Growth"

High cost is hampering development of market. Additionally, consumers demand same-day delivery for products, such as food and luxury items, along with high delivery costs is depleting the market growth. Also, poor infrastructure, high portfolio pricing, and sufficient warehousing space will slow the same day delivery market growth. Technical difficulties will reduce the industry revenue.

Regional Insights

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"North America to dominate the Market Due To Technological Development"

North America is further expected to witness growth in the same-day delivery market share. The region is dominating the market due to quick adoption of latest technology and launch of various techniques to improve delivery services.  Increasing awareness in managing the delivery process is greatly influencing the growth. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• A-1 Express (U.S.)
• DHL (Germany)
• FedEx (U.S.)
• TForce Final Mile (U.S.)
• UPS (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.