Overview and Scope
The same-day delivery services refer to services that are engaged in providing delivery services within 24 hours. Same-day delivery is a quicker option and is often done when the delivered item is perishable or time-sensitive. Customer satisfaction, increased efficiency, lower shipping costs, increased customer trust, lower vehicle expenses, and so on are all advantages of this service.
Sizing and Forecast
The same-day delivery services market size has grown exponentially in recent years. It will grow from $7.88 billion in 2023 to $9.55 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to rise of e-commerce and online shopping, increased consumer demand for faster deliveries, advances in logistics and supply chain, competitive pressure among retailers to offer quick shipping, urbanization and concentration of population in metropolitan areas.
The same-day delivery services market size is expected to see rapid growth in the next few years. It will grow to $19.63 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to growth of on-demand and instant delivery services, integration of autonomous vehicles and drones for deliveries, expansion of last-mile delivery networks, rising consumer expectations for same-day and time-definite deliveries, adoption of advanced route optimization and tracking solutions. Major trends in the forecast period include collaboration between e-commerce platforms and delivery services, emergence of dark stores and micro-fulfillment centers, integration of artificial intelligence in delivery route planning, focus on sustainable and eco-friendly delivery options, increased use of data analytics for demand forecasting and inventory management.
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Segmentation & Regional Insights
The same-day delivery services market covered in this report is segmented –
1) By Type: Business-to-Business (B2B), Business-to-Consumer (B2C), Customer to Customer (C2C)
2) By Service Type: International, Domestic
3) By Mode of Transportation: Airways, Roadways, Railways, Intermodal
4) By Application: Retail, E-Commerce, Healthcare, Manufacturing, Other Applications
Asia-Pacific was the largest region in the same-day delivery services market in 2023. The regions covered in the same-day delivery services 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 development of the e-commerce industry is predicted to contribute to the growth of the same-day delivery services market. The e-commerce industry has transformed the process of buying and selling goods. It is rapidly expanding due to increased population density and urbanization, the use of smartphones and tablets, the availability of internet access, the adoption of digitalization and online payment modes, faster purchasing options, lower costs, reduced travel costs and time, and convenience. The demand for same-day delivery is increasing as same-day delivery is becoming a more prevalent shipping option for people shopping online. For instance, in 2021, India Brand Equity Foundation (IBEF) recorded $8.3 billion of Indian e-commerce GMV during the festive season in 2020 which is 66% higher than the previous year’s festive season. Also, in 2021, the US Census Bureau of the Department of Commerce estimated $222.5 billion in US retail e-commerce sales during the second quarter of 2021. There was an increase of 3.3% from the first quarter of 2021. Therefore, the development of the e-commerce industry drives the growth of the same-day delivery services market.
Key Industry Players
Major companies operating in the same-day delivery services market report are A-1 Express Delivery Services Inc., FedEx Corporation, Arab American Express Co. Ltd., United Parcel Service Inc., Deliv Inc., Dalsey Hillblom Lynn, Same Day Delivery Inc., Naparex LLC, Aztec Messenger LLC, Amazon. com Inc., DC Express Inc., Citysprint Courier Services Limited, Prestige Delivery Systems Inc., TForce Final Mile Inc., American Expediting Company, Econo-Courier, Power Link Expedite Corporation, Competitive Courier Service, Bks Sameday Courier LLC, Jet Delivery Inc., Postmates Inc., Maplebear Inc., Uber Technologies Inc., DoorDash Inc., Grubhub Inc., Shipt LLC, Favor Delivery LLC, goBrands Inc., Yusen Logistics Co. Ltd., Kerry Logistics Network Limited
The same-day delivery services market report table of contents includes:
1. Executive Summary
2. Same-day Delivery Services Market Characteristics
3. Same-day Delivery Services Market Trends And Strategies
4. Same-day Delivery Services Market – Macro Economic Scenario
5. Global Same-day Delivery Services Market Size and Growth
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26. South America Same-day Delivery Services Market
27. Brazil Same-day Delivery Services Market
28. Middle East Same-day Delivery Services Market
29. Africa Same-day Delivery Services Market
30. Same-day Delivery Services Market Competitive Landscape And Company Profiles
Top Major Players:
- A-1 Express Delivery Services Inc
- FedEx Corporation
- Arab American Express Co. Ltd
- United Parcel Service Inc
- Deliv Inc
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