Emphasis on Product Type (Toys, Hobby, and DIY, Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion, Others); Organization Size (Small & Medium Enterprise, Large Enterprise); and Region & Country.
RD_Dropshipping Market – Current Scenario and Forecast (2021-2027)
Dropshipping Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of 28% during the forecast period (2021-2027). Dropshipping is a retail fulfillment method, where the seller does not keep their products in a store and instead when they get an order, they buy the product from a third party and ship it directly to the customer. This way the product handling costs are minimized. The biggest difference between the dropshipping and retail method is that in dropshipping the merchant does not stock or own any inventory. Dropshipping has been implemented in various industries from electronics, toys, personal care, fashion and ensures the smooth delivery of goods to consumers. Advanced e-commerce technologies have enabled the dropshipping model to work and have provided it with good opportunities.
The dropshipping business model is especially increasing in the APAC countries, including India and China. This is a cost-effective model for entrepreneurs which helps start the e-commerce business. Additionally, considering the pandemic, when everyone was stuck at home, numerous e-commerce platforms were developed and got popular as consumers had no other choice. This increased the popularity of e-commerce and additionally hooked people onto these online platforms. According to digital commerce, the United States e-commerce market grew 44% in 2020 with consumers spending US$ 861.12 billion. This is triple the increase in 2019 which was around 15%.
Increase of E-Commerce Retail over the Years in the United States, (US$ Bn), 2018-2020
BASF SE, Johns Manville, Kingspan Group Plc, Knauf Insulation GmbH, Lloyd Insulations, L’isolante K-Flex s.p.a, Owens Corning Corporation, Rockwool International A/S, Saint Gobain S.A., and U.P. Twiga Fiberglass Limited are some of the prominent players operating in the Dropshipping market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product Type, Electronics and Media segment holds the major share”
Based on product type, the dropshipping market is segmented into Toys, Hobby, and DIY, Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion, and Others. Amongst product types, the electronics, and Media segment of the dropshipping market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 growing at a CAGR of XX% from 2021-2027. With the help of e-commerce, consumers can compare various electronic products online and look at all the benefits and drawbacks of those products, additionally, customers can also apply discounts on these products and claim easy exchanges and returns when necessary. Due to direct Manufacturer to Customer interactions, customers know they are getting the best price for their products.
“Amongst Organization Size, Small & Medium Enterprise segment holds the major share”
Based on organization size, the dropshipping market is segmented into Small & Medium Enterprise, and Large Enterprise. Amongst organization size, small & medium segment accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analyzed period. This is because small & medium enterprises can generate high revenue through dropshipping. The use of the e-commerce platform is increasing tremendously around the world giving the small & medium industries a platform to expand their business. According to the Census Bureau of the Department of Commerce, the United States e-commerce market has grown 2.4% from the first quarter at US$ 160.3 billion to the fourth quarter of 2019.
“North America represents one of the largest markets of Dropshipping market”
For a better understanding of the market dynamics of the Dropshipping market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. North America dominated the market and grabbed around XX% market share owing to the pandemic lockdown.
Reasons to buy this report:
Customization Options:
Dropshipping market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Industry Performance
4. Executive Summary
5. Covid-19 Impact
6. Market Insights By Product Type
7. Market Insights By Organization Size
8. Market Insights By Region
9. Legal And Regulatory Framework
10. Demand And Supply Side Analysis
11. Value Chain Analysis
12. Dropshipping Market Trends & Insights
13. Dropshipping Market Dynamics
14. Competitive Scenario
15. Company Profiled
16. Disclaimer
Research Methodology for the Dropshipping Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Dropshipping market were the three major steps undertaken to create and analyze the adoption of Dropshipping in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Dropshipping market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Dropshipping through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Dropshipping market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segment included in the report is product type and organization size. Further country-level analyses were conducted to evaluate the overall adoption of Dropshipping in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Dropshipping. Further, we conducted factor analysis using dependent and independent variables such as increasing use of e-commerce by the public and the need to switch to e-commerce on account of the pandemic. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Dropshipping sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Dropshipping market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Dropshipping market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the Dropshipping market.
The main objective of the Dropshipping Market Study
The current & future market trends of Dropshipping were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
Emotion Detection and Recognition Market: Current Analysis and Forecast (2021-2027)
Emphasis on Technology (Feature Extraction & 3D Modeling, Biosensors, Natural Learning Processing (NLP), and Others); Software Tools (Facial Expression & Emotion Recognition, Gesture & Posture Recognition, Voice Recognition); Application Area (Marketing & Advertising, Law Enforcement, Surveillance & Monitoring, Entertainment & Consumer Electronics, Others); Region/Country.
November 15, 2022
Generative AI Cybersecurity Market: Current Analysis and Forecast (2024-2032)
Emphasis on Deployment (On-Premise, Cloud-Based, Hybrid); Technology (Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Reinforcement Learning (RL), Deep Neural Networks (DNNs), Natural Language Processing (NLP), Others); Application (Network Security, Endpoint Security, Cloud Security, Application Security, Others); End-User (Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, IT & Telecom, Government and Defense, Energy and Utilities, and Others); and Region/Country
November 4, 2024
