The market size for same day delivery is projected to reach $16739 million by 2027 at a CAGR of 19.5%, according to Brandessence Market Research

PUNE, India, March 30, 2021 /PRNewswire/ — The global market size for same day delivery is estimated at $4810.1 million in 2020 and expected to achieve $16739 million to 2027 with a CAGR of 19.5% over the forecast period. Increasing market competition to achieve greater customer satisfaction and increasing urbanization are expected to drive the growth of the global same-day delivery market.

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Same Day Delivery is the parcel delivery service where the customer receives the product within a few hours or in a selected time slot on the same day. Same day delivery is a very fast process to avoid confusion if products ordered before noon are delivered the same day, otherwise the next morning, meaning the product will be delivered within 24 hours. It is the most requested service on e-commerce platforms like Amazon, Walmart, etc. and has had a positive impact on e-commerce due to its reduced delivery time. Same day delivery is subject to a few restrictions e.g. B. Limited to city centers and holiday rush, but this service increases customer satisfaction, saves on shipping costs, builds customer trust and provides a competitive advantage. Depending on the location, the premium service still incurs same-day delivery fees as it requires a strong supply chain to deliver an experience to the customer.

It works economically, which reduces costs when many packages are delivered to the same place. Many actors are involved in the delivery process, e.g. B. E-commerce, large couriers and local delivery services that need to be coordinated to reach the customer. Multichannel parcel services are used to reduce costs as large companies have to deal with different demand, so small providers enter the market. Customer service was great which gave a boost to e-commerce with same day delivery. This employs improved practices, technology, efficient labor, reduced chances of error, etc. to meet the need.

During the Covid-19 pandemic, the government’s movement restriction has impacted the market. The reduced transport services took days to deliver the product, but as lockdown restrictions ease, the delivery service continues to grow due to increased social distancing. The increasing digitization and growing workforce will contribute to the growth of the market.

Increasing competition in the market to meet customer expectations for quality products at low cost and with fast delivery is one of the main factors driving the market growth

The main factor driving the growth of the global same day delivery market is the market competition to meet customer expectations. The advances in technology have given the market an opportunity to enter large markets through e-commerce such as Amazon, Walmart, etc. In order to achieve economies of scale, fast delivery of the product is required. In addition, changing lifestyles such as gift ordering, difficult work-life balance, hectic schedule, etc. are increasing the demand for same-day delivery as it reduces the hassle of travel. In addition, the emergency orders require fast delivery, e.g. a specific drug or equipment, and at a low cost with a long-distance delivery service, which also amplifies the market growth.

However, the low penetration of technology, the lack of IT and logistics infrastructure and the technical knowledge of individuals to operate, as well as the lack of data protection regulations can hamper the market growth. Despite this, the increasing penetration of technology and the development of logistics infrastructure may create more opportunities for the further growth of the market.

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News: Unlimited Same Day Delivery Service was launched in Toronto from Goodfood.

February 4th 2021; Goodfood Market Corp., an online grocery company in Toronto announced launch of Goodfood WOW in Toronto offers unlimited same day delivery service and the first deliveries are scheduled for February 6th. Increasing delivery speed and flexibility is key to the growth strategy with eco-friendly packaging that doesn’t require boxes. Ice packs help to reduce the carbon footprint. The successful service roll out in Montreal will pave the way Greater Toronto Area & ontario which has become the largest geography for active members.

Key Players Covered in Global Same Day Delivery Market Report:

Some of the major players for the global same day delivery market are Jet Delivery, A1 Express Services, Dropoff, DHL Group, United States of America Couriers, Express Courier, Alibaba Group Holding, Jingdong, eBay, B2W Companhia Digital, Rakuten, Zalando, Groupon, A1-SameDay, Amazon Logistics, Aramex, Delhivery, Deutsche Post, FedEx Corporation, Home Xpress, Ontime Courier, United Parcel Service of America , XPO Logistics and others.

Global Same Day Delivery Market Segmentation:

The global Same Day Delivery market report is segmented on the basis of type, application, service, and region and country level. Based on Type, the global same-day delivery market is categorized into B2B, B2C, and C2C. Based on application, the global same-day delivery market is segmented into retail, e-commerce and others. Based on service, the global same-day delivery market is segmented into international and domestic delivery.

By type:

through application:

• retailers
• Ecommerce
• Other

After service:

North America is expected to dominate the global same-day delivery market

The global same day delivery market is segmented into North America, EuropeAsia Pacific and Latin America middle East & Africa. North America is expected to dominate the global same-day delivery market within the forecast period as it rapidly adopts the latest technology and the use of automation in the delivery process. The region has large tech companies implementing technologies and the infrastructure in place helps it gain competitive advantage. According to UNCTAD, 95% of e-commerce takes place in developed economies and 95% of all e-commerce transactions come from the B2B segment United States of America holds 15% transactions. In addition, increasing digitization has led to online shopping due to the high internet penetration rate in this region.

Asia Pacific is growing faster and is expected to increase within the forecast period owing to its developing economies such as India & China. In addition, the region is home to 60% of the world’s population. Additionally, demand for e-commerce market with increasing digitization and growing workforce will complement same-day delivery market growth.

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