Latest News- Same Day Delivery Market: B2C is expected to lead the End-user segment during 2024-2028
The Same Day Delivery Market is being driven by Growing global B2C e-commerce industry
The Same Day Delivery Market is expected to grow at a CAGR of 32.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 40502.9 million. In the intensely competitive same day delivery market, logistics players are turning to autonomous logistics to mitigate rising costs associated with fuel, maintenance, and labor. This shift towards automation is expected to gradually replace manual interaction due to its precision and reduction of labor errors by approximately 80-85%. Notably, DHL's Parcelcopter, an unmanned aerial vehicle, is a prime example of this trend, providing expedited delivery of emergency parcels with minimal human intervention.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (B2C, B2B, C2C) Service (Regular service, Priority service, Rush service) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Same Day Delivery Market Research Report
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The Same Day Delivery market is experiencing significant growth in the e-commerce sector, driven by the demand for quick and efficient delivery solutions. Logistics infrastructure, including real-time tracking, automated warehouses, drones, and autonomous vehicles, are key components of this market. Companies like UberEats and DoorDash lead in crowdsourced delivery for Consumer-to-Consumer (C2C) transactions. Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions also benefit from same-day logistics, which involves last-mile delivery, logistics automation, and supply chain optimization in airway, roadway, rail, and intermodal transportation.
The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, such as package and mail delivery and customs agents. According to Technavio, this market's size is determined by the earnings of air freight and logistics service providers. Real-time tracking and delivery are integral components of this market. Key growth drivers include the surge in cross-border e-commerce activities, which involve purchasing goods from foreign sources. Advanced logistics infrastructure, including automated warehouses and drone delivery systems, further propels market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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