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Dropshipping Market size was valued at USD 286.44 billion in 2023 and is set to cross USD 4.26 trillion by 2036, expanding at more than 23.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dropshipping is evaluated at USD 339.37 billion. 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
23.1% |
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Base Year Market Size (2023) |
USD 286.44 billion |
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Forecast Year Market Size (2036) |
USD 4.26 trillion |
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Regional Scope |
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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.
Our in-depth analysis of the global market includes the following segments
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By Platform Type |
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By Product |
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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. Asia Pacific industry is likely to hold largest revenue share by 2036, due to 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.
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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.
Author Credits: Abhishek Verma
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