United States Same Day Delivery Market Growth, Trends, COVID-19 Impact and Forecast 2021-2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2021--
The “United States Same Day Delivery Market - Growth, Trends, COVID-19 Impact and Forecast (2021 - 2026)” report has been added to ResearchAndMarkets.com’s offering.
The United States same-day delivery market is expected to exhibit a CAGR of over 10% during the forecast period. The growth of the e-commerce sector (B2C) in the country is one of the major drives of the sector. Other factors including increasing demand for necessities like groceries, food and medical and healthcare products, an increasing number of internet users and penetrating the online shopping industry, an added benefit of the integration of the convenience of online retail shopping with the immediacy of physical retail stores. The ease of ordering through online platforms, coupled with reduced shipping time, is creating growth opportunities for the market.
Despite being a rapidly growing market, same-day delivery of merchandise and groceries to consumers remains relatively small. However, as of May 2020, there was a 202% increase in online grocery delivery web searches in the wake of the COVID-19 outbreak.
Although, with the increasing popularity of the same-day delivery market, the cost of providing these last-mile services is increasing. A major part of the costs incurred for last-mile delivery is variable, meaning that as the delivery volumes increase, so will the costs for last-mile services, thereby increasing the proportion of supply chain costs going toward last-mile delivery. According to a survey, the cost of providing last-mile services accounts for about 41% of overall supply chain costs for the logistics companies.
Consumer expectations for fast shipping are generally within the same-day or next-day delivery categories, however, business owners can seize this opportunity by considering that consumers are willing to pay more for faster delivery options. It’s also important to note that consumers greatly value more delivery options when choosing a company or purchasing a product. Same-day delivery services are aided by the critical mass of consumers with sufficient financial resources to pay for such a premium service. The rising GDP per capita is one of the major indicators of such efficiency of the consumers, especially when it applies to large metropolitan areas.
The mere existence of densely populated areas with no extensive buying power is not enough. The speed at which the deliveries are made necessitates a more sophisticated asset and capability base that inevitably results in a higher price point for the logistics service. The ability and willingness to pay this price are crucial that comes from the stable financials of the consumers supported by the growing GDP of the country.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Value Chain/Supply Chain Analysis
4.4 Government Initiatives and Regulations
4.5 Insights on Cold Chain Deliveries
4.6 Technological Developments in the Logistics Sector
4.7 Industry Attractiveness -Porter’s Five Forces Analysis
4.8 Spotlight on Last Mile delivery Market
4.9 Insights on Type of Services (Regular, Priority and Express) in the Market
4.10 Insights on Warehousing and Distribution Centers
4.11 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 B2B (Business to Business)
5.1.2 B2C (Business to Consumers)
6 COMPETITIVE LANDSCAPE
- Barloworld Logistics
- CEVA Logistics
- DB Schenker
- DHL Supply Chain
- USA Couriers
- Zipline Logistics
- Courier Express
- United Parcel Service of America
- Royal Mail
- Power Link Expedite
- ArcBest Corporation
- SEKO Worldwide LLC
- CH Robinson
For more information about this report visit https://www.researchandmarkets.com/r/909z49
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INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT ONLINE RETAIL LOGISTICS/SUPPLY CHAIN MANAGEMENT RETAIL TRANSPORT
SOURCE: Research and Markets
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PUB: 08/20/2021 11:23 AM/DISC: 08/20/2021 11:23 AM