Africa Dropshipping Market New Study Offers Insights for 2028 | BrandsGateway, Calasca, Dropstore, Men's Republic, Neat Freak

The Africa dropshipping market market is projected to reach US$ 41,890.42 million by 2028 from US$ 10,720.87 million in 2021; it is expected to grow at a CAGR of 19.3% from 2021 to 2028.

Dropshipping is a type of retail fulfilment model where a store does not need to keep the goods in stock. Instead, with the implementation of dropshipping method, they purchase the items from a third-party and ship them directly to end users; thus, the vendor does not have to manage the product directly. Moreover, it is one of the methods for making money online without investing or holding any inventory. Dropshipping is implemented in numerous industries to offer various types of products, such as electronics, personal care, and toys.

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With the constant growth of cross-border e-commerce, numerous sellers are continually expanding their overseas markets, as well as stimulating the development of marketing channels. Simultaneously, the penetration of smartphones and the internet has significantly encouraged the growth of businesses across the Africa region. Africa region comprises 54 countries, including South Africa and Nigeria, with a total population of ~1.34 billion.

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Major Key players covered in this report:

• BrandsGateway
• Calasca
• Dropstore
• Men's Republic
• Neat Freak
• PARCELNINJA
• Planet54
• The Scents SA
• Third Wave Distribution
• Gadgetgyz Online

The dropshipping market is likely to experience substantial growth rate owing to a surge in online shopping and the growing trend of cross-border e-commerce trade. The rising penetration of smartphones and rising disposable income in emerging markets are also driving the demand for dropshipping services.

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The growth trend is evidently higher for dropshipping businesses and importers. For instance, in 2019, 62% of South African online shoppers purchased from an overseas retailer, compared to 43% in 2018. Furthermore, major dropshipping players in this region are offering huge discounts and offers on the sale of premium luxury products, which attracts a broader customer base. These factors are expected to propel the growth of the dropshipping market in the region.

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This release was published on openPR.