The global same day delivery market is expected to cross USD 9.96 billion by 2025. Emergence of e-commerce in every aspect is a factor propelling the demand of the market to the extent. Increasing utilization of smart phones, tablets and laptops is additionally accelerating the growth of the market. Growing capital income in developed and developing countries is propelling the demand of this market.
Growing support from the government organizations is greatly influencing the growth of the market. Increasing number of online stores is also magnifying the growth of same day delivery market. Growth opportunities for the market lie in the increasing demand for instant medicines, food and beverages.
Market Drivers and Restraints
Same day delivery services are permitted to offer within the city as it is impossible to deliver the product which is far away from the stores. The employees have to schedule time window for delivering the parcels and also should maintain ideal means of transport network systems. The primary goal of these services is to have fastest delivery within a scheduled time window and to provide better experience for the customers.
However, rise in the fraud activities is slightly restraining the demand of the market. Concern towards privacy among people is inhibiting the growth of the same day delivery market.
This research report has been segmented & sub-segmented into the following categories:
B2B type is leading with highest shares of the market. Increasing retail sales through online is primarily lavishing the demand of this segment. Also, growing prevalence to have parcel in express delivery mode options is leveraging the demand of the market.
E-commerce division is having dominant shares of the market from past decade and is also to continue the same in foreseen years. Rise in the disposable income in urban areas is to escalate the demand of the market.
Among all, North America is accounted for dominating shares of the market by owing 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 demand of the market.
Asia Pacific is next to North America in leading the shares of market with the rising population and also increasing products sales through online. India and China are major countries in contributing highest shares of the market. Europe is growing tremendously at faster rate from recent years and is also to hit highest CAGR in coming years. Growing demand to provide better experience is broadening the growth of the market. The Middle East and Africa is anticipated to have highest CAGR in coming years.
Key players in the same day delivery market are
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