Press Release
Press Release
Dropshipping, a method widely employed in eCommerce order fulfilment, involves third-party suppliers delivering purchased products directly to customers, eliminating the need for internal inventory, warehousing, and shipping. It operates as a retail fulfilment strategy where online retailers sell products, transferring the sales order to third-party suppliers who handle shipping directly to customers. The evolving trend of online intermediaries, facilitating transactions between wholesale and retail prices, is gaining momentum.
While retailers using dropshipping seek some control over customer experience, offering exceptional customer support becomes crucial for buyer retention. The e-commerce market's growth, driven by increased smartphone penetration and rising consumer disposable income, thus fuels the dropshipping market demand. Shopify (NYSE: SHOP) and Amazon.com Inc (NASDAQ: AMZN) are some of the most popular online platforms globally.
The key components in the dropshipping services ecosystem include manufacturers, distributors, suppliers, dropshipping businesses, and end-users or customers. The Asia Pacific (APAC) region stands out with a highly developed dropshipping sector, driven by retailers seeking to invest heavily in inventory control through conventional distribution routes. However, the rising popularity of e-commerce platforms is leading companies to opt for dropshipping services, reducing capital costs associated with inventory purchase and management. Factors such as lower overhead expenses and a diverse product portfolio are expected to further fuel market expansion.
The thriving e-commerce sector in APAC, with prominent players attracting a significant population, plays a pivotal role in the growth of dropshipping services. For instance, Japan, recognised as one of the most high-potential dropshipping countries in the region, sees Indian OEMs benefitting from lower product costs and cost-saving by purchasing from Japanese vendors. Automated dropshipping technologies like DSers emphasize the importance of thorough product research before establishing an online business.
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The major players in the dropshipping market globally are DropCommerce, Sunrise Wholesale Merchandise, Worldwide Brands, Spocket, Wholesale2b, Doba Inc., Alibaba Group Holding Limited, DropshipZone, Modalyst Inc., and SaleHoo Group Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Destination |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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