Overview and Scope
Drop shipping refers to an order fulfilment process where a brand or store does not stock the goods it sells but instead buys the item from a third party, such as a wholesaler or manufacturer and ships the product directly to the buyer. It is used to fulfil or distribute an order without maintaining an inventory.
Sizing and Forecast
The drop shipping market size has grown exponentially in recent years. It will grow from $257.37 billion in 2023 to $340.57 billion in 2024 at a compound annual growth rate (CAGR) of 32.3%. The growth in the historic period can be attributed to e-commerce growth, marketplace expansion, retailer cost reduction, diverse product offerings, market entry ease.
The drop shipping market size is expected to see exponential growth in the next few years. It will grow to $963.66 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to rise of niche markets, consumer demand for fast shipping, global market access, scalability and flexibility, sustainability practices. Major trends in the forecast period include collaboration with influencers and social commerce, blockchain integration for supply chain transparency, flexible payment and pricing models, focus on niche and specialty products, subscription box and curated product offerings.
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Segmentation & Regional Insights
The drop shipping market covered in this report is segmented –
1) By Product: Toys, Hobby And DIY, Furniture And Appliances, Electronics And Media, Food And Personal Care, Fashion
2) By Type: Business Extensions, Print On Demand, Creation Of The Product, Product Reselling
3) By Organization Size: Large Enterprises, SMEs
North America was the largest region in the drop shipping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drop shipping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of the e-commerce industry is expected to drive the drop shipping market. E-commerce refers to the purchase and sale of goods and services online or over the internet using phones, computers, laptops, and tablets. Drop shipping offers the e-commerce industry numerous benefits by eliminating the maintenance of inventory or physical stock, which further decreases warehouse and labor costs. The e-commerce industry has grown exponentially during a pandemic due to the limited movement and at-home restrictions. According to the US Department of Commerce Retail Indicator Division, a US-based department concerned with commerce and economic growth, Quarterly Retail e-commerce Sales Q4 2021 report, in 2021, US e-commerce sales accounted for $870 billion, which has increased by 14.2% over 2020 and 50.5% over 2019. Therefore, the growth of the e-commerce industry drives the drop shipping market.
Key Industry Players
Major companies operating in the drop shipping market report are Alibaba Group Holding Limited, AliExpress, Shopify Inc., Buy 2 Bee LLC, Sprocket Express LLC, ASI Partner lnc., Printful Inc., Winx lnc., TeleDynamics Communications Inc., Wholesale Fashion Square LLC, Gooten LLC, Doba Inc., SaleHoo Group Limited, Megagoods lnc., Wholesale2B LLC, Sunshine Ecommerce Technologies LLC, Modalyst lnc., Parkflyers R/C Corporation, Sunrise Wholesale Merchandise LLC, CJDropshipping.com, Avasam Limited, Spocket lnc., Syncee.io Kft., Worldwide Brands lnc., Dropified LLC, National Dropshippers lnc., BrandsGateway Marketplace AB, Inventory Source LLC, Dropwow Inc., Banggood Technology Co. Ltd., SaleSource Limited, HyperSKU Co.Ltd., Yakkyofy Srl, DropCommerce Inc., Printify lnc., Spodify GmbH, The Dropship Factory Pty. Ltd., Print Aura LLC
The drop shipping market report table of contents includes:
1. Executive Summary
- Drop Shipping Market Characteristics
- Drop Shipping Market Trends And Strategies
- Drop Shipping Market – Macro Economic Scenario
- Global Drop Shipping Market Size and Growth
.
- Global Drop Shipping Market Competitive Benchmarking
- Global Drop Shipping Market Competitive Dashboard
- Key Mergers And Acquisitions In The Drop Shipping Market
- Drop Shipping Market Future Outlook and Potential Analysis
- Appendix
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