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Same-day Delivery Services Market Report 2024-2033 | Size, Share, Growth, Demand, Trends
Same-day Delivery Services Market
As per the report, the same-day delivery services market size has grown exponentially in recent years. It will grow from $7.88 billion in 2023 to $9.55 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The same-day delivery services market size is expected to see rapid growth in the next few years. It will grow to $19.63 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%.
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E-Commerce Boom Fuels Same-Day Delivery Services Market Growth
The development of the e-commerce industry is predicted to contribute to the growth of the same-day delivery services market. The e-commerce industry has transformed the process of buying and selling goods. It is rapidly expanding due to increased population density and urbanization, the use of smartphones and tablets, the availability of internet access, the adoption of digitalization and online payment modes, faster purchasing options, lower costs, reduced travel costs and time, and convenience. The demand for same-day delivery is increasing as same-day delivery is becoming a more prevalent shipping option for people shopping online. For instance, in 2021, India Brand Equity Foundation (IBEF) recorded $8.3 billion of Indian e-commerce GMV during the festive season in 2020 which is 66% higher than the previous year's festive season. Also, in 2021, the US Census Bureau of the Department of Commerce estimated $222.5 billion in US retail e-commerce sales during the second quarter of 2021. There was an increase of 3.3% from the first quarter of 2021. Therefore, the development of the e-commerce industry drives the growth of the same-day delivery services market.
Tech Innovations Drive Major Players To Enhance Same-Day Delivery Services
Technological advancements are gaining popularity in the same-day delivery services market. Major players operating in the same-day delivery services sector are focused on developing technological advancements in their services to cater to the growing demand for same-day delivery of goods and services. For instance, in April 2021, Domino's, a global pizza delivery retailer company, and Nuro, a leading self-driving delivery company, launched a fully autonomous pizza delivery on-road robotic vehicle called Nuro's R2 robot for pizza delivery in Houston. Also, in July 2021, Yandex Self-Driving Group announced a partnership with GrubHub for the robotic delivery of food on college campuses. The robots will use self-driving technologies such as autonomous navigation of pavement, crosswalks, and pedestrians to reach areas on campus that are not accessible for cars.
The same-day delivery services market covered in this report is segmented -
1) By Type: Business-to-Business (B2B), Business-to-Consumer (B2C), Customer to Customer (C2C)
2) By Service Type: International, Domestic
3) By Mode of Transportation: Airways, Roadways, Railways, Intermodal
4) By Application: Retail, E-Commerce, Healthcare, Manufacturing, Other Applications
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Major companies operating in the same-day delivery services market report are A-1 Express Delivery Services Inc., FedEx Corporation, Arab American Express Co. Ltd., United Parcel Service Inc., Deliv Inc., Dalsey Hillblom Lynn, Same Day Delivery Inc., Naparex LLC, Aztec Messenger LLC, Amazon. com Inc., DC Express Inc., Citysprint Courier Services Limited, Prestige Delivery Systems Inc., TForce Final Mile Inc., American Expediting Company, Econo-Courier, Power Link Expedite Corporation, Competitive Courier Service, Bks Sameday Courier LLC, Jet Delivery Inc., Postmates Inc., Maplebear Inc., Uber Technologies Inc., DoorDash Inc., Grubhub Inc., Shipt LLC, Favor Delivery LLC, goBrands Inc., Yusen Logistics Co. Ltd., Kerry Logistics Network Limited
Contents of the report:
1. Executive Summary
2. Same-day Delivery Services Market Report Structure
3. Same-day Delivery Services Market Trends And Strategies
4. Same-day Delivery Services Market - Macro Economic Scenario
5. Same-day Delivery Services Market Size And Growth
…..
27. Same-day Delivery Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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