The Asia Pacific Dropshipping Market was worth US$ xx million in 2020, and it is anticipated to reach a valuation of US$ xx million, rising with an annual development rate (CAGR) of xx% between 2021 and 2026.
Dropshipping is a supply chain management system in which the retailer does not keep the product in inventory, but instead sends the order and delivery details received from the customer directly to the retailer, manufacturer or wholesaler. The manufacturer or retailer then ships the merchandise directly to the customer. Dropshipping is a type of retail fulfillment model that does not require the store to maintain an inventory of products. Instead, by implementing the drop shipping method, the store purchases the item from a third party and ships it directly to the end user. Therefore, it is not necessary for the supplier to manage the product himself. It is also one of the ways to earn money online without investing or owning stocks. Dropshipping is implemented in numerous industries to provide different types of products, such as personal care, electronics, and toys. It also ensures a smooth delivery of goods to consumers.
Dropshipping helps businesses of all sizes save money based on warehouse rental, insurance, inventory, and other costs. Plus, you can reach your customers regardless of location, without the need to build an offline store. Several large corporations are using the Dropshipping platform to boost their business and increase their commercial efforts with less investment.
The e-commerce industry offers a huge shopping platform that is growing at an unprecedented rate around the APAC. Consumers today prefer to shop online because there are so many websites to choose from. Additionally, e-commerce platforms make it easy for numerous businesses to reach their customers, thereby achieving the exposure they need. This segment is driven by an increased emphasis on online marketing tools, including Google advertising and Facebook advertising. E-commerce is one of APAC's mature industries where consumers prefer online shopping. Smartphones have revolutionized online shopping with countless mobile apps to make it easier and more convenient for consumers to experiment. The growing popularity of smartphones with an increase in consumer disposable income contributes to the growth of the e-commerce market, driving the demand for APAC Dropshipping market. The number of buyers who prefer online shopping platforms has led to a notable increase in investment by the main players in the e-commerce industry. Increased disposable income and increased penetration of the Internet and smartphones have influenced the adoption of Dropshipping, favoring the e-commerce industry. Dropshipping allows e-commerce companies to leverage their investments in warehousing and logistics. In addition, reduced capital investment in inventory and logistics has increased the demand for direct shipments from retailers. Some eCommerce startups are opting for direct delivery because the investment required for product storage is low, reducing shipping and logistics costs. A new e-commerce company has emerged due to the increase in online shopping by consumers. The trend of e-commerce startups towards drop shipping is creating even more avenues for APAC Dropshipping market growth. The local e-commerce market has seen strong growth in recent years, driven by rising disposable income and growing preferences for online shopping. This growth in the e-commerce sector is expected to favor APAC Dropshipping industry.
However, government regulations and regulations on product delivery and cybersecurity threats are hampering the APAC Dropshipping market growth. In addition, the General Agreement on Trade in Services (GATS) is made up of rules and regulations that govern international trade in services and has a significant impact on electronic commerce. Anti-spam laws are intended to slow APAC Dropshipping market growth by protecting consumers from receiving unwanted marketing material.
The emergence of Coronavirus is expected to have a minor impact on the growth of the Dropshipping market. The demand has seen significant growth in recent years and is expected to show a similar trend in the coming years. However, due to the COVID-19 pandemic, most workplaces in industries such as manufacturing, and retail have been closed due to mandatory closures imposed in various countries.
The APAC Dropshipping market accounted for more than 25.0% of total sales in 2021. The growth of the regional market has been recognized as the number of e-commerce companies in the region increases, which has since been driving the demand for direct delivery services. The growth of online retailers in the Asia Pacific region is driven by the expansion of internet connectivity through the adoption of smartphones. The Indian Dropshipping market has seen significant growth in recent years and the number of new companies responding to this market has increased. This is expected to support demand for direct delivery services in Asia Pacific during the outlook period. These services help these startups to focus on key marketing activities or competencies and reduce inventory costs.
The few players in the APAC Dropshipping market include Doba Inc. Alidropship. Com, Megagoods, Inc, Stock source, Orderhive, Printify, Inc., Modalyst, Inc., and Sunrise Wholesale Merchandise LLC.
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