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Global Dropshipping Market – Industry Trends and Forecast to 2031

ICT

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Global Dropshipping Market – Industry Trends and Forecast to 2031

  • ICT
  • Upcoming Report
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Dropshipping Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 220.93 Billion
Diagram Market Size (Forecast Year) USD 1,726.01 Billion
Diagram CAGR %

Major Markets Players

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Global Dropshipping Market, By Product (Toys, Hobby, and Do it Yourself (DIY), Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion), Type (Same-Day Delivery, Regional Parcel Carriers, Heavy Goods Delivery), Application (B2B, B2C, C2C) - Industry Trends and Forecast to 2031.

Dropshipping Market Analysis and Size

The dropshipping market is experiencing significant growth driven by e-commerce expansion. It offers low startup costs, as retailers do not need to stock inventory upfront. Platforms such as Shopify and Amazon facilitate dropshipping businesses. With a global reach and diverse product offerings, dropshipping attracts entrepreneurs seeking flexible business models.

Global drop shipping market was valued at USD 220.93 billion in 2023 and is expected to reach USD 1,726.01 billion by 2031, registering a CAGR of 29.30% during the forecast period of 2024-2031 Electronics and Media accounts for the largest product type in the respective market owing to the high demand for electronic products. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, and pestle analysis.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Toys, Hobby, and Do it Yourself (DIY), Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion), Type (Same-Day Delivery, Regional Parcel Carriers, Heavy Goods Delivery), Application (B2B, B2C, C2C)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

AliDropship (U.S.), SaleHoo Group Limited (U.S.), Doba Inc. (U.S.), Dropified (U.S.), Orderhive (U.S.), Aveeto (U.S.), Sunrise Wholesale Merchandise (U.S.), Cymbio (India), MODALYST, INC (U.S.), Spocket. (Japan), AliExpress (China), megagoods (U.S.), Inventory Source (U.S.), and Dropshipzone (India)

Market Opportunities

  • Partnering with Multiple Suppliers
  • Penetration of E-Commerce Platforms

Market Definition

Drop shipping is a type of business model which are used to manage the store without having inventory. It is a supply chain management system, in which the retailer does not keep goods in stock, but rather transfers orders received from customers and shipment details straight to a retailer, manufacturer, or wholesaler

Dropshipping Market Dynamics

Drivers

  • Increase in Online Shopping

The increase in the preference for online shopping across the globe acts as one of the major factors driving the drop shipping market. In addition, the rise in trend of cross-border e-commerce trade has a positive impact on the growth of the market.

  • Emergence of Mobile Applications

The increase in the emergence of numerous mobile applications due to the rapid transform of smartphones accelerate the market growth. These mobile applications make experience easy and convenient for consumers. Increase in smartphone penetration along with growing consumer disposable income contributes to growth of the e-commerce market, further escalating drop shipping market.

Opportunities

  • Partnering with Multiple Suppliers

Partnering with multiple suppliers in the dropshipping market is advantageous as it diversifies product offerings and reduces reliance on a single source. This strategy enhances business resilience by mitigating risks such as stockouts or supplier issues. It also enables dropshippers to offer a wider range of products to customers, catering to diverse preferences and increasing the chances of finding high-demand items, ultimately leading to improved customer satisfaction and business growth.

  • Penetration of E-Commerce Platforms

The rise in adoption of dropshipping services by retailers due to the growing penetration of e-commerce platforms further influence the market. These services are known to decline capital expenditure for inventory purchase/ management. Additionally, rapid urbanization, resulting in the change in lifestyle and surge in investments by organizations for various online applications arepositively impacting the drop shipping market.

Restraints/Challenges

  • Limited Control Over Inventory and Shipping

The limited control over inventory and shipping is likely to limit the growth of the dropshipping market during the forecast period. While dropshipping offers advantages such as low startup costs and streamlined operations, the lack of direct control over these critical aspects can pose challenges for retailers and impact their ability to provide a seamless customer experience. Further, in dropshipping, retailers rely on third-party suppliers to maintain and manage inventory. This lack of control can result in situations where products are listed as available for purchase but are actually out of stock or no longer available. Such discrepancies can lead to customer dissatisfaction, negative reviews, and even damage to the retailer's reputation.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Dropshipping Market Scope

The market is segmented on the basis of product, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Toys
  • Hobby and Do it Yourself (DIY)
  • Furniture and Appliances
  • Food and Personal Care
  • Electronics and Media
  • Fashion

Type

  • Same-Day Delivery
  • Regional Parcel Carriers
  • Heavy Goods Delivery

Application

  • B2B
  • B2C
  • C2C

Dropshipping Market Region Analysis/Insights

The market is segmented on the basis of product, type and application.

The countries covered in the  report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific (APAC) dominates the drop shipping market due to the presence of large consumer base and number of e-commerce companies within the region.

North America is expected to witness significant growth during the forecast period of 2024 to 2031 because of the evolving consumer behavior and market trends such as mobile e-commerce and voice-enabled virtual assistants in the region.

 The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Dropshipping Market Share Analysis

The market is analysed by competitor, and market size information is provided by country, type and application. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

some of the major players operating in the market are

  • AliDropship (U.S.)
  • SaleHoo Group Limited (U.S.)
  • Doba Inc. (U.S.)
  • Dropified (U.S.)
  • Orderhive (U.S.)
  • Aveeto (U.S.)
  • Sunrise Wholesale Merchandise (U.S.)
  • Cymbio (India)
  • MODALYST, INC (U.S.)
  • Spocket. (Japan)
  • AliExpress (China)
  • megagoods (U.S.)
  • Inventory Source (U.S.)
  • Dropshipzone (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Dropshipping Market size will be worth USD 1,726.01 billion by 2031.
The Dropshipping Market growth rate will be 29.30% by 2031.
Increase in Online Shopping and Emergence of Mobile Applications are the growth drivers of the Dropshipping Market.
The product, type and application are the factors on which the Dropshipping Market research is based.
The major companies in the Dropshipping Market are AliDropship (U.S.), SaleHoo Group Limited (U.S.), Doba Inc. (U.S.), Dropified (U.S.), Orderhive (U.S.), Aveeto (U.S.), Sunrise Wholesale Merchandise (U.S.), Cymbio (India), MODALYST, INC (U.S.), Spocket. (Japan), AliExpress (China), megagoods (U.S.), Inventory Source (U.S.), and Dropshipzone (India).
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