New study: Same-Day Delivery market forecast to 2029 | FedEx; A1 Express Services Inc.; United Parcel Service of America

Same-Day Delivery Market

The global same-day delivery market was valued USD 4.3 billion in 2019, growing at a CAGR of 19.3% during the forecast period.
The same-day delivery is defined as the delivery of products in less than 24 hours, preferably within the same day. It integrates the convenience of online retail with the immediacy of brick-and-mortar stores. Same-day delivery offers a broad range of attributes including better customer satisfaction, lower shipping costs, fewer vehicle expenses, increased efficiency, among others.

Increasing urbanization, rapid e-commerce adoption, and changing customer expectations towards delivery services are the major factors fueling the market growth. However, the need for complex delivery infrastructure, coupled with a high initial investment hinders market growth. With the increase in internet connectivity and smartphones adoption over the past few decades, the demand for the e-commerce platform has increased. In today’s scenario consumers opt for convenience shopping, and that is why e-commerce platform has begun to surge across the globe. Moreover, the offering of broad traits such as customized products, huge discounts and benefits, and hustle free delivery of products are some of the factors leading to an increase in adoption of e-commerce platform by consumers. Thus, the above factors lead to the rise in demand for faster connectivity such as IoT warehousing, thereby paving the way for the same delivery services.

The global same-day delivery market has been segmented into type and services.
Based on type, the global same-day delivery market has been segmented into B2B, B2C and C2C.

The B2C segment holds the fastest-growing segment in the same-day delivery market and is expected to witness growth during the forecast period. The increase is attributed to the growing inclination of consumers towards e-commerce platforms. For instance, online e-commerce platforms such as Amazon, Inc. are offering the one-day delivery option to their customers to attract more customers and provide them with a unique buying experience. Increasinginvestment in the same-day delivery platform by significant players to cater to the increasing demand of consumers is also one of the factors fueling market growth. For instance, in September 2020, Instacart, the North American leader in grocery delivery, and Sephora, the largest prestige beauty Omni-retailer has partnered to offer same-day delivery to its consumers.

The C2C segment is expected to witness significant growth in the years to come owing to the benefits offered by same-day delivery services, such as timely delivery of the product. Additionally, the B2B segment holds a dominant position in terms of revenue and is anticipated to witness growth during the forecast period. The development is owing to the heavier weight of the packages, resulting in high shipping costs of the packages. The B2B segment caters to end-use customers, such as manufacturers, retailers, and wholesalers. The emergence of online B2B e-commerce platforms is positively impacting the market growth.

The Asia Pacific region dominated the market for same-day delivery and is presumed to grow during the forecast period. The growth is attributed to an increasing number of e-commerce companies, coupled with the rising number of online shoppers. Moreover, increasing internet penetration, smartphone adoption, and rapid urbanization are also one of the factors fuelingthe regional market growth. For instance, according to GSMA, it is estimated that the number of smartphone devices in the Asia-Pacific is expected to reach 3,900 billion by 2025. This results in further growth of the e-commerce platform, thereby paving the way for the same-day delivery market.

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The Major Prominent Players Covered in this Report:
FedEx; A1 Express Services Inc.; United Parcel Service of America, Inc.; Aramex; Deliv; Deutsche Post AG; Courier Express; Jet Delivery, Inc.; Dropof, Inc.; XPO Logistics, Inc.

By Type, B2B, B2C, C2C,
By Service, International, Domestic

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Impact of COVID-19:
The impact of COVID-19 has a devastating effect on all industry verticals globally. The growth of same-day delivery has slightly decreased amid pandemic, as governments haveshutdown cross border activities temporarily, travelling and other activities to curb the pandemic. This results in the inability to scale deliveries deliver on same-day delivery expectations, and increasing operational costs that are rapidly feeding into the bottom lines of businesses. However, the domestic e-commerce services of essential commodities have to lead to the survival of companies amid COVID-19.

To manage the situation efficiently, savvy businesses are leveraging advanced crowdsourcing tools,which can be referred to as a process that empowers shippers, retailers, and grocery stores to dodge the middlemen and directly reach out to temporary or part-time delivery executives.

Key Same-Day Delivery Market Trends:
- The report identifies, determines, and forecasts the Global Same-Day Delivery Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Same-Day Delivery Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Same-Day Delivery Market.

Key Development
In April 2020, Walmart Inc. has launched Express Delivery a new service that delivers more items from the store than ever before to customers’ doors in less than two hours. This enables Walmart to increase customers integration during Pandemic COVID-19.
In September 2019, UPS partnered with online logistics solutions, HubBox to expand e-commerce delivery options for consumers and retailers worldwide.
In September 2020, Air City and Seko Logistics partnered to launch international parcel delivery service in the U.S. This new service enables to produce savings of 25-50% compared to the Universal Postal Union (UPU) rates, thereby enhancing customers’ experience.

Key Questions Answered in The Report:
What will the Same-Day Delivery market growth rate?
What are the key factors driving the global Same-Day Delivery market?
Who are the key manufacturers in the Same-Day Delivery market space?
What are the market opportunities, market risk, and market overview of the Same-Day Delivery market?
What are sales, revenue, and price analysis of top manufacturers of the Same-Day Delivery market?
Who are the distributors, traders, and dealers of the Same-Day Delivery market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Same-Day Delivery Industry?
What are sales, revenue, and price analysis by regions of Same-Day Delivery industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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