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Dropshipping Market Segmentation by Platform Type (Online, Offline, and Others); by Product (Furniture & Appliances, Food & Beverages, Personal Care, Electronics, Fashion, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Dropshipping Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • January, 2021: Inventory Source, a global level dropship automation company, announced to expand its free supplier directory, in order to include over 4,500 wholesale and dropship brands and distributors.

Global Dropshipping Market Highlights over 2022 – 2030

The global dropshipping market is estimated to grow at a CAGR of ~25% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the shift in consumer behavior, from buying offline to online shopping. Dropshipping simply means delivering a product directly to the consumer from supplier, without stalking the product on-site. At present, various online shopping websites work on this principle. The growing trend of e-commerce is estimated to primarily boost the market growth. According to the data by the United Nations Conference on Trade and Development (UNCTAD), global e-commerce sales grew by 13% in 2017, crossing a revenue of USD 29 trillion, and the number of online shoppers grew by 12%. Moreover, adoption of e-commerce software and platforms and online retail is anticipated to fuel the market growth. Secondary factors, such as, high disposable income, and increasing buying capacity of consumers are projected to further strengthen the market growth.

Dropshipping Market Graph

The market is segmented by product into furniture & appliances, food & beverages, personal care, electronics, fashion, and others, out of which, the fashion segment is anticipated to hold the notable share in the global dropshipping market over the forecast period on account of increasing trend of buying clothes through online stores, which are mostly dropshipping stores. Moreover, the growing individual disposable income, along with the increasing use of social media are estimated to boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Dropshipping Market Regional Synopsis

On the basis of geographical analysis, the global dropshipping market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing economy, large consumer base, and increasing number of manufacturers of various end-use products, including textile, furniture, and electronics.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of dropshipping, as it saves cost and requires less investment. As a result, a large number of dropshipping ventures have been established in the United States, and Canada over the past few years. Presence of various market players in the region is also estimated to boost the market growth.

Dropshipping Market Share Graph

The global dropshipping market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global dropshipping market includes the following segments:

By Platform Type

  • Online
  • Offline 
  • Others

By Product

  • Furniture & Appliances
  • Food & Beverages
  • Personal Care
  • Electronics
  • Fashion
  • Others

Growth Drivers

  • Increasing Adoption of E-Commerce
  • Advantages, such as, Low Investment Cost

Challenges

  • Lack of Relationship with the Customers
  • Trust Issues Regarding the Product

Top Featured Companies Dominating the Market

  • Sunshine Ecommerce LLC
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Focus Technology Co., Ltd.
  • SaleHoo Group Limited
  • UAB Oberlo
  • Sunrise Wholesale Merchandise, LLC
  • Dropified, LLC
  • Alibaba Group
  • National Dropshippers Company
  • Onlinestorebiz.com LLC
  • Inventory Source

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