Market Size –
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 growth in the historic period can be attributed to e-commerce growth, globalization, low barrier to entry, consumer expectations, and entrepreneurial opportunities.
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%. The growth in the forecast period can be attributed to increasing consumer demand for personalized and customized products, growing consumer concerns about sustainability and ethical sourcing practices, marketplace expansion, supply chain resilience, and facilitation of cross-border trade. Major trends in the forecast period include technology integration, diversification of product offerings, customization and personalization, vertical integration and supply chain optimization, automation tools to streamline operations.
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Scope Of Dropshipping Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dropshipping Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
North America was the largest region in the dropshipping market in 2023. The regions covered in the dropshipping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the dropshipping market are <b>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</b>
Table of Contents
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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