Drop-shipping Market Size, Share, Trends, Growth and Forecast 2032

Dropshipping Market Insights

According to Market Research Store study, the global Dropshipping Market size is anticipated to reach USD 2201.88 Billion by 2032 from USD 254.38 Billion in 2023. Moreover, the global market is expected to witness a CAGR of 27.1% during the forecast period (2024-2032). The market research report encompasses market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

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Global Drop-shipping Market: Overview

The growing demand for overseas products has accelerated cross-border trade to a considerable extent. As globalization ushers in a new era of next-gen technology, international sellers have been increasingly opting for drop-shipping services, wherein it is not necessary to maintain product stocks and orders are transferred to wholesalers or manufacturers, who then ship the product directly to the customer’s doorstep. This can save the cost of shipping as well as time required in shipping.

Global Drop-shipping Market: Growth Factors

The magnificent proliferation of the international e-commerce industry due to the COVID-19 pandemic has been a major growth factor accelerating global drop-shipping market. Amidst the pandemic, customers are turning to online platforms to fulfill their requirement for all sorts of products ranging from baby food to toilet paper. Smartphones have ensured convenient browsing of products and placing of orders. Doorstep deliveries, with options such as one-day delivery and same-day delivery are further pushing the global drop-shipping market share.

The trend of green drop-shipping is gaining traction on a global scale in the recent times. It is supported by growing approval for eco-friendly consumerism amongst customers. Green drop-shipping refers to drop-shipping of exclusively eco-friendly products. It is gaining popularity owing to the rising consumer awareness regarding environmental impacts. The global drop-shipping market is expected to gain from the growing number of consumers who are adopting products that preserve and protect the environment that are delivered in an eco-friendly manner using sustainable packaging.

Drop-shipping is considered to be one of the easiest e-commerce undertaking, as all that a retailer needs is to design an online store, import products, add them to their website, and begin selling. As a result, several new retailers are emerging especially across the emerging economies in the global drop-shipping market. Several of these companies have been leveraging brand storytelling and strong marketing strategies to catch the eye of more and more customers. They are also making the most of granular customer data by deploying latest software to gain insights into customer behavior through customer feedback and social media comments.

Global Drop-shipping Market: Segmentation

The market has been categorized on the basis of product and region.

Based on product, the global drop-shipping market has been segmented into furniture & appliances, electronics & media, food & personal care, fashion, and toys, hobby, & DIY. The toys, hobby, & DIY segment is expected to register an expanding demand through the forecast timeline, promoted by the growing number of enterprises and individuals selling handmade merchandise.

Dropshipping Market: Report Scope

Global Drop-shipping Market: Regional Analysis

Asia Pacific is poised for optimum growth through the next few years, as the robust e-commerce industry in the region is likely to thrive even in the post-pandemic scenario. The growing preference for socially responsible brands amongst millennials is contributing toward the overall global drop-shipping market revenue. According to the Indian Ministry of Commerce and Industry’s India Brand Equity Foundation (IBEF), by 2026, the Indian e-commerce industry is projected to reach $200 billion. One of the major drivers of the Indian drop-shipping markets is the ongoing digital revolution across the nation. As of 2019, the number of total internet users in the country was 636 million, which might cross 829 million by 2021.

The drop-shipping market in North America is progressing at a stable rate in the past few years and might grow at a promising CAGR through the forecast years as well. The presence of several leading drop-shipping providers in the region including Oberlo and Dropship Direct is creating a favorable environment for enterprises that are looking to cut down on warehousing and shipping costs. The global drop-shipping market is witnessing a shift from brick-and-mortar stores to online shopping sites, which is more prominent across Canada and the U.S., triggered by the need to stay indoors due to the Coronavirus pandemic.

 Global Drop-shipping Market: Competitive Players

• BASK SE
• Kingspan Group Plc
• Lloyd Insulations
• Owens Corning Corporation
• Saint Gobain S.A.
• Johns Manville
• Knauf Insulation GmbH
• L’isolante K-Flex s.p.a.
• Rockwool International A/S
• U.P. Twiga Fiberglass Limited

are some of the prominent industry names operating in the global drop-shipping market.

The highly fragmented nature of the market landscape has led to intense level of competition amongst market players, who are increasing engaging and investing in disruptive marketing strategies. Several of them are focusing on acquisitions and collaborations. For instance, recently, in April 2021, reports suggest that Walmart-owned Indian e-commerce giant Flipkart has been planning to diversify its product offerings by tapping a Mumbai-based travel aggregation site, Cleartrip.

The global Drop-shipping Market is segmented as follows:  

By Product 

• furniture & appliances 
• electronics & media 
• food & personal care 
• fashion, and toys
• hobby 
• DIY

Global Drop-shipping Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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