Dropshipping Market Report 2023-2028, Size, Share, Growth, Trends and Forecast

IMARC Group, a leading market research company, has recently releases report titled "Dropshipping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global dropshipping market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the dropshipping market?
The global dropshipping market size reached US$ 210.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 913.1 Billion by 2028, exhibiting a growth rate (CAGR) of 27.6% during 2023-2028.

What is dropshipping?
Dropshipping is a retail fulfillment model that allows e-commerce businesses to outsource the procurement, storage, and shipping of goods to a third-party supplier, such as a wholesaler or manufacturer. It typically involves signing agreements with drop shippers, accepting online customer orders, and managing product delivery. As a result, it provides improved scalability and flexibility, minimizes overhead and startup costs, manages inventory, ensures timely order fulfillment, and handles inbound shipments. Owing to these benefits, dropshipping is gaining immense popularity among businesses across the globe.

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What are the growth prospects and trends in the dropshipping industry?
The market is primarily driven by the expanding e-commerce industry owing to the growing preference toward online shopping. In addition, the recent outbreak of the coronavirus disease (COVID-19) pandemic, with its stringent policies, encouraged more people to use online retail platforms to purchase essential consumer goods, which contributed to market growth. The wide range of product options offered by e-commerce platforms, ease of ordering and returns, and multiple payment methods further support this trend. Moreover, various technological advancements, including the integration of voice-enabled virtual assistants and chatbots with e-commerce apps and websites to streamline dropshipping operations, represents another major growth-inducing factor. Besides this, the widespread adoption of the dropshipping business model for its several benefits and the surging penetration of smartphones and high-speed internet is accelerating the product adoption rate. Furthermore, the rising demand for faster package delivery, changing consumer spending patterns, increasing number of e-commerce startups, and expanding cross-border e-commerce trade activities are propelling the market growth.

What is included in market segmentation?
The report has segmented the market into the following categories:

Breakup by Product:

Toys, Hobby and DIY
Furniture and Appliances
Food and Personal Care
Electronics and Media
Fashion

Breakup by Type:

Same-Day Delivery
Regional Parcel Carriers
Heavy Goods Delivery

Breakup by Application:

Business-to-Business (B2B)
Business-to-Consumer (B2C)
Customer-to-Customer (C2C)

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?
The report covers the major market players including:

AliDropship
Doba Inc.
Dropified
DropshipZone
Megagoods Inc.
Modalyst Inc. (Wix.com Ltd.)
SaleHoo Group Limited
Shopify Inc.(NYSE: SHOP)
Spocket
Sunrise Wholesale Merchandise
Worldwide Brands Inc.

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