NEW YORK, Dec. 22, 2021 /PRNewswire/ -- Same-Day Delivery Market in US Facts at a Glance-
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According to the recent market study by Technavio, the Same- Day Delivery Market in the US is expected to increase by USD 9.82 billion from 2020 to 2025, at an accelerated CAGR of 20.31%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
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Vendor Insights-
The Same-Day Delivery Market in the US is Concentrated, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
A1-SameDay Delivery Service Inc. - The company offers Same-Day Delivery services which include Online Order Entry, Package Tracking, and Reporting, and Courier Service Specialists available online or by phone.
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Revenue Generating Segment Market Outlook
The same-day delivery market share growth in the US by the B2C segment will be significant for revenue generation. The increasing Internet penetration and online shopping have significantly contributed to the growth of B2C e-commerce in the US. E-tailers are adopting reduced lead time as a competitive edge to survive in the market. Moreover, the demand for parcel delivery from each end-user (individual placing orders) varies. End-users are willing to pay extra for the fast delivery of products. The change in requirements of e-tailers and end-users is boosting the demand for same-day delivery services in the B2C e-commerce market in US.
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Latest Drivers & Trends Driving the Market-
The growing B2C e-commerce market in the US is one of the primary same-day delivery market growth drivers. The B2C e-commerce industry in the US accounted for the major share of the overall retail sales. Because of the increasing Internet penetration and online shopping, the B2C e-commerce segment is gaining prominence in the US. Key vendors such as UPS and FedEx are offering parcel delivery services to this market. End-users are willing to pay extra money for quick delivery of their products, and the time demand for parcel delivery varies with each customer. The e-retailers are offering reduced lead time to sustain competitively in the same-day grocery delivery market.
The automation in the same-day delivery market is another factor supporting the same-day delivery market share growth in the US. Autonomous logistics is expected to gain popularity in the same-day delivery market, owing to the rising costs of fuel, maintenance, and labor negatively affecting the profitability of logistics players. To sustain in the highly competitive market, many logistics players offering same-day delivery services have been investing in autonomous logistics. Autonomous logistics is expected to gradually start replacing manual interaction as the former provides accurate outcomes by reducing labor errors. In addition, it reduces the duration of logistics operations by around 80%-85%.
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Related Reports:
Last Mile Delivery Market in Brazil -The last-mile delivery market share in Brazil is expected to increase by USD 1.76 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.32%. Download a free sample now!
Express Delivery Market in Europe -The express delivery market in Europe's share is expected to increase by USD 13.20 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4%. Download a free sample now!
Same-Day Delivery Market In US Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.31% |
Market growth 2021-2025 |
USD 9.82 billion |
Market structure |
Concentrated |
YoY growth (%) |
18.50 |
Regional analysis |
US |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
A1-SameDay Delivery Service Inc., Courier Express, Deutsche Post DHL Group, FedEx Corp., Last Mile Logistics, Power Link Expedite Corp., Target Corp., United Parcel Service Inc., USA Couriers, and Zipline |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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