Same Day Delivery Market by Application (Retail, E-Commerce, Healthcare, Manufacturing, Documents & Letters and Others), Mode of Transportation (Airways, Roadways, Railways and Intermodal), and End User (B2B, B2C and C2C): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Same day delivery services are considered to be efficient as they reduce the extra time incurred in transportation of product from one place to another by making the product available at a nearby warehouse. Also, the increased income of consumers followed by the need to have a product available in a shorter time span has enabled the manufacturers to opt for quick delivery of products. This has provided lucrative growth opportunities for the manufacturers to enter into strategic alliance with the same day delivery service providers to deliver the product from one place to another in a shorter time span. For instance, in 2019, Dropoff partnered with Partell Compounding Pharmacy for reliable delivery of medicines in a speculated time period.  

At present, numerous companies are operating in the global same day delivery services, owing to the increased demand for quick delivery of products, which has supplemented the growth of the global market.

Factors such as development of the e-commerce industry and increase in trading activities due to globalization provides lucrative opportunities for the growth of the same day delivery market. However, poor infrastructure & higher logistic costs and lack of control of manufacturers & retailers on logistics service are the factors that hamper the growth of the same day delivery market. Meanwhile, emergence of last mile deliveries coupled with logistics automation and cost cutting & lead time reduction due to adoption of multi-modal system are the factors that are expected to provide opportunities for the growth of the global same day delivery market in the near future.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America and LAMEA. On the basis of forecast analysis, North America is expected to maintain its lead during the forecast period, owing to increase in demand for same day delivery of products across the region.