Same Day Delivery Market

Global Same Day Delivery Market Size, Share, Growth Analysis, By End User(B2B, B2C), By Service(Domestic, International), By Application(Retail, E-Commerce) - Industry Forecast 2024-2031

Report ID: SQMIG45D2045 | Region: Global | Published Date: April, 2024
Pages: 255 | Tables: 92 | Figures: 76

Global Same Day Delivery Market Dynamics

Same Day Delivery Market Driver

  • With the proliferation of e-commerce companies on the expansion, the logistics industry has seen a significant increase in the provision of same-day last mile deliveries. Besides that, receiving a package on the same day of delivery is now almost common, resulting in the growth of last mile delivery services.
  • Increasing demand for groceries, perishables, and food and beverages, the e-commerce and logistics industries are placing a greater emphasis on same-day delivery options. Furthermore, the ongoing project of logistics companies that can provide efficient as well as timely last mile deliveries is another opportunity that is expected to fuel the growth of the same day delivery Same Day Delivery Market in the near future.

Same Day Delivery Market Restraint

  • The major Same Day Delivery Market restraint for the same day delivery market is the lack of infrastructure and the cost to develop the supply chain. Logistics requires adequate infrastructure, supply chain management, and trade facilitation. Without these, firms must increase their stock reserves and working capital, which can have a significant impact on national and regional competitiveness due to high financial costs. Furthermore, a lack of infrastructure impedes the logistics Same Day Delivery Market by increasing costs and decreasing supply chain reliability, such as significant inefficiencies in transportation, poor storage infrastructure condition, complex tax structure, low rate of technology adoption, and poor logistics professional skills.
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Global Same Day Delivery Market size was valued at USD 17828.25 million in 2019 and is poised to grow from USD 24710 million in 2023 to USD 140436.79 million by 2031, growing at a CAGR of 38.5% in the forecast period (2024-2031).

The Global Same Day Delivery market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of Same Day Delivery Market revenue. Companies are mainly focusing on mergers, acquisitions, and joint ventures or collaborations to hold a competitive position in the market. 'DHL Express', 'FedEx Express', 'UPS Express', 'TNT Express', 'Aramex', 'Amazon Prime Now', 'Postmates', 'Deliv', 'Instacart', 'Roadie', 'UberRUSH', 'Stuart Delivery', 'Shutl', 'Zoom2u', 'Lalamove', 'Quiqup', 'Glovo', 'GetSwift', 'PostNord', 'Hermes Same Day Courier'

With the proliferation of e-commerce companies on the expansion, the logistics industry has seen a significant increase in the provision of same-day last mile deliveries. Besides that, receiving a package on the same day of delivery is now almost common, resulting in the growth of last mile delivery services.

The major trend driving the market growth is the change in consumer preferences toward online shopping and e-commerce. The substitute of stationary sales with online sales is expected to increase same-day delivery of B2C shipments. Consumers' desire for convenience and speed, even when purchasing groceries, is anticipated to propel the growth of same-day delivery logistics.

In 2021, Asia Pacific dominated the Same-day Delivery Market, contributing more than 35% of the total revenue share. The increasing number of e-commerce companies, as well as the rising number of online shoppers, have been credited with the regional market's growth. Moreover, increasing internet penetration, smartphone adoption, and urbanisation are anticipated to push regional Same Day Delivery Market expansion. North America is anticipated to witness significant growth during the forecast period, expanding at a CAGR of 20% from 2022 to 2028. This growth would be attributed to the presence of major players, such as FedEx, A1 Express Services Inc., and United Parcel Service of America, Inc.

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