Dropshipping Market Estimated To Grow At A CAGR Of ~25% Duri...| MENAFN.COM

Sunday, 03 July 2022 06:36 GMT

Dropshipping Market Estimated To Grow At A CAGR Of ~25% During 2022 2030

(MENAFN- America News Hour)

Research Nester published a report titled “Dropshipping Market : Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobaldropshipping market in terms of market segmentation by platform type, product, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

estimated to grow at a CAGR of ~25% over the forecast period, i.e., 2022 – 2030. The market is segmented by product into furniture & appliances, food & beverages, personal care, electronics, fashion, and others, out of which, the fashion segment is anticipated to hold the notable revenue share over the forecast period owing to the increasing disposable income, and the trend of buying clothes through online stores.

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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increasing Adoption of E-Commerce to Propel the Market Growth

According to the data by the United Nations Conference on Trade and Development (UNCTAD), global e-commerce sales grew by 13% in 2017, and the number of online shoppers grew by 12%.

The rapid growth in online shopping has led to rise in establishment of online retail platforms. Dropshipping is one such platform, where products are not stocked, but are directly shipped from the warehouse or manufacturer. Owing to the availability of higher profits, and lower investment, the market is estimated to record significant growth over the forecast period.

However, lack of relationship with the customers is expected to operate as key restraint to the growth of the global dropshipping market over the forecast period.

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