Dropshipping Global Market Poised for Significant Growth, Projected to Reach $594.02 Billion at a CAGR of 21.5% By 2028 | Shopify Inc., Etsy Inc., Wix.com Inc., Printful Inc., Printify Inc., Doba Inc.

"The new report published by The Business Research Company, titled Dropshipping Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the dropshipping market size has grown exponentially in recent years. It will grow from $225 billion in 2023 to $272.97 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The dropshipping market size is expected to see exponential growth in the next few years. It will grow to $594.02 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%.

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E-Commerce Expansion Propels Dropshipping Market Growth
The growth in the e-commerce industry is expected to propel the growth of the dropshipping market going forward. The e-commerce industry facilitates the online buying and selling of goods and services through online transactions. The e-commerce industry is experiencing rapid growth due to increasing internet penetration, the convenience of online shopping, expanding mobile usage, and advancements in technology facilitating seamless transactions and personalized shopping experiences. Dropshipping is utilized in the growth of the e-commerce industry by enabling retailers to offer a wide range of products without the need for inventory storage, reducing upfront costs, and allowing for greater flexibility in product offerings and market expansion. For instance, in June 2022, according to Ecommerce Europe, a Belgium-based non-profit association, In 2021, the total European e-commerce market surged to approximately USD 869 billion, boasting a growth rate of 13% from the previous year's USD 681.90 billion, and the growth momentum is expected to continue in 2022, projecting an 11% growth rate and an anticipated turnover of approximately USD 958 billion. Therefore, growth in the e-commerce industry will drive the growth of the dropshipping market.

Enhancing Customer Satisfaction Through Mapping In Dropshipping
Major companies operating in the dropshipping market are integrating mapping functionality to enhance inventory management and optimize sales strategies. The mapping function is a tool that enables e-commerce and dropshipping sellers to efficiently manage and categorize SKUs, organize distribution, and implement marketing strategies such as BOGO and product bundles. For instance, in June 2022, DSers, a Hong Kong-based e-commerce solutions provider, launched a significant upgrade to its mapping function, designed to simplify and streamline dropshipping product management for sellers. This enhanced functionality offers various methods, including SKU mapping and upsell mapping, allowing sellers to select the approach that best aligns with their business model, brand, and product offerings. This new functionality offers five options: basic mapping, standard mapping, advanced mapping, BOGO (Buy-One-Get-One) mapping, and bundle mapping. Basic mapping allows for quick SKU categorization across different suppliers, while standard mapping provides more precise management of individual SKUs. BOGO Mapping facilitates promotional campaigns such as buy-one-get-one-free deals without relying on third-party apps, and bundle mapping supports the sale of product kits, enabling consumers to purchase multiple items at discounted rates.

The dropshipping market covered in this report is segmented -
1) By Product: Furniture And Appliances, Toys, Hobby And DIY, Food And Personal Care, Fashion, Electronics, Other Products
2) By Destination: Domestic, International
3) By Application: Business-to-Business (B2B), Business-to-Consumer (B2C), Customer-to-Customer (C2C)

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Major companies operating in the dropshipping market are Costco Wholesale Corporation, Shopify Inc., Etsy Inc., Wix.com Inc., Printful Inc., Printify Inc., Doba Inc., Oberlo, Gooten, SaleHoo Group Limited, AliExpress Ltd., Inventory Source, Megagoods Inc., Wholesale2b, Dropshipper.com, CJDropshipping Inc., GreenDropShip, Alidropship, Modalyst Inc., Sunrise Wholesale Merchandise LLC, Cin7 Orderhive Inc., Spocket, Importify, Teelaunch, BigBuy

Contents of the report:
1. Executive Summary
2. Dropshipping Market Report Structure
3. Dropshipping Market Trends And Strategies
4. Dropshipping Market - Macro Economic Scenario
5. Dropshipping Market Size And Growth
…..
27. Dropshipping Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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