Same-day delivery market is expected to reach $ 20.36 billion by 2027:
Portland, OR, June 7, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the same day delivery market was pegged at $ 5.78 billion in 2019 and is expected to reach $ 20.36 billion by 2027, registering a CAGR of 21.1% from 2020 to 2027. The report provides in-depth analysis of the main investment pockets , top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends.
The development of the e-commerce industry and the increase in business activities due to globalization are fueling the growth of the global same day delivery market. On the other hand, poor infrastructure, higher logistics costs and the lack of control by retailers over logistics services are hampering growth to some extent. However, the emergence of last mile deliveries coupled with the automation of logistics and the reduction of costs and delivery times through the adoption of the multimodal system is expected to create multiple opportunities in the industry.
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- Flight cancellations and travel bans across the globe have resulted in a huge slowdown in supply chain and logistics activities across the globe. As a result, the global same day delivery market has been negatively impacted.
- However, government agencies around the world have now offered relaxations and the market is expected to recover soon.
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The global same day delivery market is analyzed by application, mode of transportation, end user, and region. On the basis of mode of transport, the roads segment accounted for more than two-fifths of the total market share in 2019 and is expected to dominate by the end of 2027. The same segment would also register the fastest CAGR of 22.3 % during the forecast. period.
On an end-user basis, the B2C segment contributed almost half of the total market revenue in 2019 and is expected to lead the way by 2027. The same segment is also said to experience the fastest growing CAGR of 22 , 8% throughout the forecast period.
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Based on region, Asia-Pacific held the major share in 2019, garnering nearly a third of the global same-day delivery market. The market across North America, on the other hand, would cite the fastest CAGR of 22.6% from 2020 to 2027. Other regions studied in the report include Europe and LAMEA.
The main market players analyzed around the world same day delivery market report include Aramex, DHL, Dropoff, Inc., USA Couriers, FedEx Corp., XPO Logistics, Inc., United Parcel Service of America, Inc., A1 Express Services Inc., Jet Delivery, Inc. and Power Link Expedite. These market players have integrated several strategies, including partnership, expansion, collaboration, joint ventures and others, to strengthen their position in the industry.
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