Same Day Delivery Market Size to Reach USD 132,380 Million by 2026 at CAGR 50.0% | Valuates Reports - Seite 2

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COVID-19 IMPACT ON THE SAME DAY DELIVERY MARKET SIZE

E-commerce is facing new obstacles in customer behavior and broad supply chain problems due to the global COVID-19 pandemic, which is expected to take a very long time to get resolved. This time of isolation and confusion shifts consumers ' purchasing habits overnight as customers move from bulk-buying to online shopping, where individuals change what they purchase, where, and how. Many governments worldwide demand that e-commerce businesses only fulfill orders for vital items, such as groceries, which are likely to impact the industry's profitability.

SAME DAY DELIVERY MARKET SHARE ANALYSIS

The B2B segment is expected to hold the largest market share during the forecast period. The B2B segment caters to end-use customers, such as manufacturers, retailers, and wholesalers. Business development is positively influenced by the advent of online B2B e-commerce platforms. Moreover, due to the heavyweight of the packages, the market share of the B2B category is higher, resulting in high shipping costs for the packages.

The Asia Pacific dominates the same day delivery market share due to an increasing number of e-commerce companies, along with the rising number of online shoppers. The rise in rapid urbanization, internet penetration, and smartphone adoption has led to this region dominating over the market share.

North America is expected to see substantial growth over the forecast period because of the presence of significant players, like FedEx, A1 Express Services Inc., and United Parcel Service of America, Inc., in the region. 

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TOP COMPANIES IN THE SAME DAY DELIVERY MARKET 

Due to the involvement of well-established firms operating internationally, the industry is consolidated. In order to hold a competitive place in the industry, businesses rely predominantly on mergers, acquisitions, and joint ventures or partnerships. 

In addition, by following different growth strategies, the market players concentrate on improving their market presence. These tactics help companies globally broaden their market and reinforce their products in specific regions.