Best Bridal Paithani CollectionPosted by Brand Mandir on June 14th, 2022 The global same day delivery market size is estimated to reach USD 15.1 billion by 2027, expanding at a CAGR of 20.3% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period owing to rising demand for quick delivery of products among customers that are purchased online. Moreover, factors such as growing e-commerce industry and increase in international cross-border trade are further bolstering the market growth. Increasing number of e-commerce companies and e-shoppers worldwide is expected to encourage online platforms to provide same-day delivery services to their customers. Besides, customers are inclined to choose same-day delivery services as they allow quick delivery of products at their doorstep instead of visiting a physical retail store. Thus, there is a significant increase in the online orders owing to the aforementioned factors, which, in turn, is expected to boost the market growth. The market is characterized by intense competition among the major players operating in the market. These players are focusing on entering into mergers and acquisitions as part of their growth strategy to hold a competitive position in the market. The companies are partnering with the logistic providers to strengthen their distribution network and offer quicker delivery to capture customer base. Moreover, the players operating in the market are developing unprecedented changes to their online business models to provide better customer experience. Moreover, the ongoing substitution of stationary retail sales by online sales through e-commerce platforms has led to a significant increase in B2C shipments. Thus, the market is expected to witness substantial growth over the forecast period due to the rise in shipments, coupled with consumer demand for faster delivery service. Long delivery time is one of the significant reasons owing to which customers shop in brick and mortar stores than on online platforms. However, same day delivery services offer products in less than 24 hours i.e., preferably within the same day of the order placement. Thus, it integrates the convenience of online retail shopping with the immediacy of physical retail stores. Moreover, ease of ordering through online platforms, coupled with reduced shipping time, is creating growth opportunities for the market. Download Free Sample Report @ https://www.grandviewresearch.com/industry-analysis/same-day-delivery-market/request/rs1 Additionally, the availability of same day delivery services is further expected to support e-commerce adoption among consumers. Thus, online retailers are expected to be benefitted from the adoption of same day services as reduced delivery time of the product and higher convenience improves their position versus stationary retailers. Moreover, same day delivery services combine the convenience of online shopping with the immediate product availability of retail. The aforementioned benefits, coupled with the rising adoption of same day delivery services among e-commerce platforms, are anticipated to bolster the market growth over the forecast period. Same Day Delivery Market Report Highlights
The market is consolidated owing to the presence of well-established companies operating globally. Companies are mainly focusing on mergers, acquisitions, and joint ventures or collaborations to hold a competitive position in the market. Moreover, the players operating in the market are focusing on enhancing their market presence by adopting various growth strategies. These strategies help organizations to expand their business geographically and strengthen their offerings in particular regions. Moreover, companies are increasingly focusing on providing improved user experience as part of their growth strategy. Some of the prominent players in the global same day delivery Market are:
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