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The same-day delivery market share is expected to increase by USD 14.53 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 21.04%.
This same-day delivery market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the same-day delivery market segmentation by end-user (B2C, B2B, and C2C), service (regular service, priority service, and rush service), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The same-day delivery market report also offers information on several market vendors, including ArcBest Corp., Cargo Express Delivery UK Ltd., Courier Express, Deliv Express Courier LLC, Deutsche Post DHL Group, DPEX Worldwide, FedEx Corp., Greenwich Logistics LLC, La Poste, Life Science Outsourcing Inc., Manston Express Transport, NAPAREX, Power Link Expedite Corp., Reliable Couriers, Royal Mail Plc, Uber Technologies Inc., United Parcel Service Inc., United Same Day Delivery Service, US Cargo, USA Couriers, XPO Logistics Inc., and Zipline International Inc., among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges. During the COVID-19 pandemic, the demand for the same-day delivery market has been impacted a lot. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.
Key Same-day Delivery Market Driver
The growing global B2C e-commerce market is one of the major drivers impacting the same-day delivery market growth. Increasing Internet penetration and online shopping have significantly contributed to the growth of B2C e-commerce globally. Moreover, increasing technology adoption accompanied by the easy availability of smartphones has enabled the e-commerce sector to become more reachable and efficient. The increasing use of social networking is further driving the demand for online purchasing of various products and services. The global same-day delivery market is expected to witness high growth during the forecast period, mainly due to growing digital dependency and the convenience of shopping on online platforms. The market has evolved amid a busy lifestyle and an abundance of options available to shop from the comfort of home. Moreover, the demand for parcel delivery from each end-user varies. End-users are willing to pay extra for the fast delivery of products. The change in requirements of e-tailers and end-users is boosting the demand for same-day delivery services in the B2C e-commerce market globally.
Key Same-day Delivery Market Trend
Automation in the same-day delivery market is one of the major trends influencing the same-day delivery market growth. Autonomous logistics is expected to gain popularity in the global same-day delivery market. This is because the rising costs of fuel, maintenance, and labor are negatively affecting the profitability of logistics players. Many logistics players offering same-day delivery services have invested in autonomous logistics to sustain themselves in the highly competitive market. Autonomous logistics is expected to gradually start replacing manual operations, as the former provides accurate outcomes by reducing labor errors. In addition, it reduces the duration of logistics operations by around 80%-85%. DHL's Parcelcopter is an unmanned aerial vehicle that helps in delivering emergency parcels. It can cover 0.6 miles in 8 minutes. In addition, it reduces carbon emissions and eliminates operator costs. Furthermore, the involvement of robotics in logistics operations is expected to improve the efficiency of vendors in the global same-day delivery market significantly during the forecast period.
Key Same-day Delivery Market Challenge
Growing competition due to a fragmented market structure is one of the major challenges impeding the same-day delivery market growth. The fragmented market nature is creating price competition among players. Both start-ups and established players are investing in technologies to justify price ranges. The base rate of service is proportionate to the sophistication of priority services in terms of faster delivery when compared to regular services. For instance, the average base rate of a priority service is around $7 more than the regular same-day delivery service. This can influence players such as UPS and FedEx to further increase their delivery charges. Therefore, growing competition can become a major challenge for the growth of the global same-day delivery market during the forecast period.
This same-day delivery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global same-day delivery market as a part of the global air freight and logistics market within the global transportation market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the same-day delivery market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the same-day delivery market encompasses successful business strategies deployed by the key vendors. The same-day delivery market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
Our report provides extensive information on the value chain analysis for the same-day delivery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Service
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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