Dropshipping Market Size

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.