Dropshipping Market Emerging Demands, Current Trends, Latest Industry Size, Growth 2027 By Top Key Players AliDropship, Doba Inc., DropshipZone, Inventory Source

According to our latest market study on "Dropshipping Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product Type (Toys, Hobby, and DIY; Furniture and Appliances; Food and Personal Care; Electronics and Media; Fashion; and Others), Organization Size (Small & Medium Enterprise and Large Enterprise), Geography," the market was valued at US$ 162.44 billion in 2019 and is projected to reach US$ 591.77 billion by 2027; it is expected to grow at a CAGR of 18.3% from 2020 to 2027. The global dropshipping market is segmented into five major regions North America, Europe, APAC, MEA, and SAM. In 2019, APAC led the global dropshipping market with more than 31.9% revenue share, followed by Europe and North America. APAC comprises countries, such as China, India, Japan, South Korea, and Australia. India and China are the fastest-growing e-commerce markets in APAC. With the rising Internet penetration, consumers in these countries are inclined toward online shopping, which, in turn is transforming several areas of e-commerce in the region. With the right technology, it is easy to facilitate online shopping and delivery to the customers, even in rural areas.

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Global Dropshipping Market Insight:

Demand for dropshipping business model is increasing immensely in various APAC countries, such as India and China. For instance, as per IBEF, in 2017, e-commerce sales grew at an annual rate of 51%, making it the biggest opportunity for online retailers.

Additionally, as per China Internet Information Center, China's online retail sales surpassed US$ 1.29 trillion in 2018. Several smart products such as smart speakers and smartwatches are favored by consumers of this region, with sales upsurge of ~80% year-on-year. Sales of cosmetics and furniture also achieved swift growth in China.

Impact of COVID-19 on Dropshipping Market

According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan, China, during December 2019, and since then, it has spread at a fast pace across the globe. As of August 12, 2020, there are around 20,162,474 confirmed COVID-19 cases globally, with ~737,417 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020, which is likely to have impact on 2021 as well. The pandemic has disturbed dropshipping businesses and suppliers around the globe. Warehouses, suppliers, and delivery companies are not operating at their full capacity. This might cause some order delays. These companies are experiencing disruptions in their operations, and it is likely to have negative impact on companies across the globe, including dropshipping stores. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have adversely affected the dropshipping industry.

The Key Players In The Global Dropshipping Market Are: AliDropship, Doba Inc., DropshipZone, Inventory Source, Megagoods, Inc., Modalyst, Printify, SaleHoo Group Limited, Sunrise Wholesale Merchandise

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The growing e-commerce industry offers several opportunities for selling various quality products such as electronics, food, and personal care and appliances since customers can compare a broad product portfolio, get discounts, and request easy returns. Various e-commerce platforms are acquiring dropshipping service providers to extend their presence in dropshipping business. For instance, Shopify, Inc., an e-commerce company, has acquired Oberlo, a dropshipping service provider. The acquisition allowed Shopify to enhance its position in the dropshipping market. Further, the various e-commerce businesses are expanding their product portfolio in order to offer dropshipping services to wholesalers. Thus, growth of e-commerce industry is boosting the demand for dropshipping.

The report segments the global Dropshipping Market as follows:

By Product Type (Toys, Hobby, and DIY; Furniture and Appliances; Food and Personal Care; Electronics and Media; Fashion; and Others),

By Organization Size (Small & Medium Enterprise and Large Enterprise), and Geography

Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Dropshipping Market
• Key market trends cracking up the growth of the Dropshipping Market
• Challenges to market growth.
• Key vendors of Dropshipping Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Dropshipping Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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