The latest report by IMARC Group, titled “Dropshipping Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.″ offers a comprehensive analysis of the industry, which comprises insights on the global dropshipping market trends. The market size reached US$ 210.2 Billion in 2022. IMARC Group expects the market to reach US$ 913.1 Billion by 2028, exhibiting a growth rate (CAGR) of 27.6% from 2023–2028.
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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Dropshipping Market Trends and Drivers:
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.
Report 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)
Regional Insights:
- 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
Competitive Landscape With Key Players:
- AliDropship (Sunshine Ecommerce LLC)
- Doba Inc. (Focus Technology Co. Ltd.)
- Dropified
- DropshipZone
- Megagoods Inc.
- Modalyst Inc. (Wix.com Ltd.)
- SaleHoo Group Limited
- Spocket
- Sunrise Wholesale Merchandise
- Worldwide Brands Inc.
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