Same Day Delivery Market to Grow USD 20.36 Billion by 2027, Driven by E-Commerce and Urban Demand

Growth in the e-commerce industry and increase in trading activities due to globalization drive the global same day delivery market. Based on transportation, the roadways segment accounted for the major share in 2019. Based on region, on the other hand, the North America market would grow at the fastest CAGR by 2027. Prominent Players: A1 Express Services Inc., Aramex, DHL, Dropoff, Inc., FedEx Corp., Jet Delivery, Inc., Power Link Expedite, United Parcel Service of America, Inc. USA Couriers and XPO Logistics, Inc.

According to a recent report published by Allied Market Research, titled, "Same Day Delivery Market by Application, Mode of Transportation, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027," the global same day delivery market was valued at $5.78 billion in 2019, and is projected to reach $20.36 billion by 2027, registering a CAGR of 21.1%.

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Same day delivery services are being deployed across numerous countries so as to ensure the timely delivery of products to the end users. Moreover, the demand for same day delivery services has increased due to the fact that the consumers are ready to spend any amount in order to get the product in a shorter time span. Also, due to this increased demand for quick availability of products, companies have entered into strategic alliances so as to ensure the timely delivery of products, which has also supplemented the growth of the global market.

The global same day delivery market is analyzed across application, mode of transportation, end user, and region. Based on mode of transportation, the roadways segment accounted for more than two-fifths of the total market share in 2019, and is expected to dominate by the end of 2027. The same segment would also register the fastest CAGR of 22.3% during the forecast period.

Based on end user, the B2C segment contributed to nearly half of the total market revenue in 2019, and is anticipated to lead the trail by 2027. The same segment would also grow at the fastest CAGR of 22.8% throughout the forecast period.

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Moreover, same day delivery services offers numerous advantages such as flexibility and convenience for door-to-door delivery services and speedy delivery of products for shorter & medium distances. Same day delivery is implemented mainly in cities or nearby countries through which transportation activities can be carried out at a much cheaper cost. Moreover, several trade agreements between neighboring countries & governments have also supplemented the growth of same day delivery market across different locations.

Based on region, Asia-Pacific held the major share in 2019, garnering nearly one-third of the global same day delivery market. The market across North America, on the other hand, would cite the fastest CAGR of 22.6% from 2020 to 2027. The other regions studied in the report include Europe and LAMEA.

Factors such as development of the e-commerce industry and increase in trading activities due to globalization provides lucrative opportunities for the growth of the same day delivery market. However, poor infrastructure & higher logistics costs and lack of control of manufacturers & retailers on logistics service are the factors that hamper the growth of the same day delivery market. Meanwhile, emergence of last mile deliveries coupled with logistics automation and cost cutting & lead time reduction due to adoption of multi-modal system are the factors that are expected to provide opportunities for the growth of the global same day delivery market in the near future.

The key market players analyzed in the global same day delivery market report include Aramex, DHL, Dropoff, Inc., USA Couriers, FedEx Corp., XPO Logistics, Inc., United Parcel Service of America, Inc., A1 Express Services Inc., Jet Delivery, Inc., and Power Link Expedite. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Covid-19 Impact Analysis

The outbreak of COVID-19 has resulted in flight cancellations, travel bans, and quarantines, which led to massive slowing of the supply chain and logistics activities across the world.
As a consequence of the coronavirus outbreak, important supply chains in the logistics and transportation industry are hampered, though differently across the air, freight, and sea sectors.
Logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic.
The most common reasons for the decline in the growth are attributed to movement restrictions, border controls & closures, and health screening.
The same day delivery market also registered a decline in the business due to the closure of national & international borders, which has halted the movement of freight carriers.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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