The global dropshipping market size is expected to reach USD 991.95 billion by 2028 according to a new study by Polaris Market Research. The report “Dropshipping Market Share, Size, Trends, Industry Analysis Report, By Product (Toys, Hobby & DIY, Furniture & Appliances, Electronics & Media, Food & Personal Care, Fashion); By Type (Business Extensions, Print on Demand, Creation of the Product, Product Reselling); By Organization Size; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Key factors promoting the industry growth include the rise in usage of e-commerce platforms among people with the ever-increasing rate of adoption of smartphones and similar devices. In addition, the surge in the trend towards the cross-border e-commerce trade, the need for precise transfer of customer order and shipment details, and the rapid shift towards a preference for online sales from traditional distribution channels in retail are the few integral factors accelerating the market growth of drposhipping industry during the forecasting years.
For instance, the U.S. retail e-commerce sales were recorded USD 160.3 billion for the Q1 2020, signifying an increase of 2.4% from the same period of 2019, as per the Census Bureau of the Department of Commerce. This increase in e-commerce retail sales is likely to project high market growth of dropshipping industry in the world.
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Based on product, the electronic & media segment accounted for a leading stake, owing to the growing sales of electronic products through e-commerce channels, whereas the fashion segment is witnessing a positive growth rate in the overall dropshipping industry. Factors such as the rising consumer preference for branded fashion products and the growing availability of numerous brands on a common platform favor segment’s growth.
Based on region, Asia-Pacific is the leading region across the world in terms of revenue share owing to the presence of a large number of smartphone and internet users. Factors such as the rise in government initiatives for promoting online sales channels, coupled with improving retail infrastructure in the developing nations, particularly China and India, also favor the region’s growth.
Market participants include Doba Inc., AliDropship, DobaInc, Megagoods, Inc., Sumner Communications, Inc., DropshipDirect, Modalyst, Inc., Oberlo, SaleHoo Group Limited, Onlinestorebiz.com LLC, and Sunrise Wholesale Merchandise, LLC.are some of the key players operating in the global dropshipping industry.
Several key players are often backing to opt for distinct marketing strategies to expand their business operations globally. In July 2021, Alibaba opened a new dropshipping center for drop shippers that enables sellers to unload products without managing shipping or inventory.
Polaris Market Research has segmented the dropshipping market report on the basis of product, type, organization size, and region:
Dropshipping, Product Outlook (Revenue – USD Billion, 2016 – 2028)
- Toys, Hobby & DIY
- Furniture & Appliances
- Electronics & Media
- Food & Personal Care
Dropshipping, Type Outlook (Revenue – USD Billion, 2016 – 2028)
- Business Extensions
- Print on Demand
- Creation of the Product
- Product Reselling
Dropshipping, Organization Size Outlook (Revenue – USD Billion, 2016 – 2028)
- Large Enterprises
Dropshipping, Regional Outlook (Revenue – USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa