Courio delivery service
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Date
2021-05
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Publisher
AIKTC
Abstract
The global same day delivery market size was valued at USD 4.6 billion in 2019
and is expected to grow at a compound annual growth rate (CAGR) of 20.3 from
2020 to 2027. The market is driven by increasing urbanization, rapid e-commerce
adoption, and changing customer expectations towards delivery services.
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.
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 benefit ted 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.
Keywords: B2C, e-commerce
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