The Same Day Delivery market was valued at USD XX Billion in 2020, and it is expected to reach a value of USD 20.36 Billion by 2027, at a CAGR of 20.30% over the forecast period (2022 - 2027).
The same-day delivery market becomes more lucrative to consumers and businesses mainly due to the shortened delivery period. Factors such as increasing urbanization, rapid e-commerce adoption, and changing customer expectations towards delivery services are boosting market growth. As B2C segment players such as Amazon are coming up with novel solutions for same and one-day delivery, the B2C segment of the market will register significant growth with a modest CAGR of 23% in the given forecast period.
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Key players in Same Day Delivery market are:
- Courier Express
- Jet Delivery, Inc.
- United Parcel Service of America, Inc.
- XPO Logistics, Inc.
- Deutsche Post AG
- A1 Express Services Inc
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Global Same Day Delivery Market Segmental Analysis
The Global Same Day Delivery market is segmented based on end user, by service, mode of transportation, application, and region. Based on end user it is categorized into: b2b, b2c and c2c. Based on service it is categorized into: domestic and international. Based on application, Same Day Delivery Market is segmented retail, e-commerce, healthcare, manufacturing, documents letters and others. Based on Mode of Transportation is segmented into airways, roadways, railways, and inter modal. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by End User
Revenue wise, the B2B segment dominating the Same Day Delivery Market with more than 55% in 2021. The end-user customers of the B2B segment are manufacturers, retailers, and wholesalers. Moreover, the B2B segment's revenue share is higher due to the heavier weight of the packages, which results in higher shipping costs. From 2022 to 2028, the B2C segment is projected to expand at the fastest pace, with a CAGR of more than 23%. Consumers' growing preference for e-commerce platforms is responsible for this growth. For instance, in order to gain more customers and provide them with a unique shopping experience, online e-commerce platforms such as Amazon, Inc. offer one-day delivery options to their customers.
Analysis by Service
In 2021, the domestic sector dominated the Same Day Delivery Market with more than 70% market share. The presence of a large number of local e-commerce platforms operating within the country is attributed to this growth. Moreover, increasing internet penetration, coupled with an increasing number of e-shoppers, is anticipated to drive segment growth over the forecast period. Customers' buying decisions are influenced by shipping time, so e-commerce platforms have begun offering same-day delivery services. The international service segment is projected to expand significantly over the forecast period, expanding at a CAGR of 23.4% from 2022 to 2028. Burgeoning cross-border e-commerce trade opens new opportunities for the segment.
Scope of the Report
The study provides an analysis of the Global Same Day Delivery Market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East Africa. For each segment, the market sizing and forecasts have been done on the basis of value.
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