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Global Dropshipping Market Share, Size, Growth, Trends, Analysis, Forecast: By Product: Toys, Hobby, and DIY, Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion, Others; By Destination: Domestic, International; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Dropshipping Market Outlook
The global dropshipping market size attained a value of USD 248.3 billion in 2022. The market is further expected to grow at a CAGR of 24.70% between 2023 and 2028, to reach a value of USD 1036.2 billion by 2028.
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Key Trends in the Market
Dropshipping is a type of order fulfilment system used in eCommerce where a third-party supplier provides the purchased products directly to the customers, removing the need for in-house physical inventory, warehousing, storage, and shipping. Retailers using dropshipping can display products on their online store, and upon receiving purchase orders, forward purchased products directly to the consumers. Dropshipping expands the product offerings for retailers and reduces costs which is leading to a heightened growth of the dropshipping market.
- The cost of starting up a dropshipping business is extremely low and it eradicates the risk of money wastage on unsold stock. It saves time, money and increases profitability of the retailers, which is supporting the expansion of the dropshipping market size.
- The thriving e-commerce sector is a crucial trend in the market for dropshipping. Increasing online sales of a wide range of products, including consumer electronics, food, and personal care products, is leading to increased opportunities for dropshipping.
- As per the dropshipping market analysis, the increased ease of opening online stores across numerous product categories is contributing to the growth of the market. With new eCommerce providers, a new online store can be set up with minimal investments and with an effective marketing strategy, retailers can expand their market share under the drop shipping model.
Market Analysis
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Based on product, the market is segmented into toys, hobby, and DIY, furniture and appliances, food and personal care, electronics and media, and fashion, among others. On the basis of destination, the market is bifurcated into domestic and international. The regional markets for dropshipping are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global dropshipping market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- DropCommerce
- Sunrise Wholesale Merchandise
- Worldwide Brands
- Spocket
- Wholesale2b
- Doba Inc.
- Alibaba Group Holding Limited
- DropshipZone
- Modalyst Inc
- SaleHoo Group Limited
- Others
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Market Share by Product
The electronics and media segment, based on product, accounts for a healthy share of the market for dropshipping. Electronics and media are one of the highest revenue generating segments which involves the sale of both cheap and expensive consumer electronics. Dropshipping of electronics can enhance profitability of a business by improving the scalability. Over the forecast period, the increasing product portfolio of retailers, coupled with the induction of high-end devices such as portable speakers, headphones, cameras, electronic car accessories, and chargers, among others, is expected to fuel the segment’s growth.
Market Share by Destination
Based on destination, the international segment accounts for a significant share in the dropshipping market, which can be attributed to the global ambitions of retailers. Consumers can find better deals because of the emergence of retailers utilising international dropshipping due to differences in product pricings across nations. Dropshipping provides internationally in-demand products at affordable prices, while enabling the development of dropshipping brands with white-label products. It also promotes easy access of unique and hard-to-find products. Meanwhile, the domestic segment is expected to witness a healthy growth in the forecast period, owing to the enhanced customisability, easy communication, and faster shipping.
Competitive Landscape
DropCommerce, based out of British Columbia in Canada, is a leading dropshipping company which acts as a bridge between dropshipping and high-quality branded products. DropCommerce integrates with e-commerce giants such as Shopify, Wix, and BigCommerce, among others. The company was established in 2018 and focuses on order fulfilment and product portfolio expansion.
Sunrise Wholesale Merchandise is a dropshipping company which sells products from top brand such as Belkin, D&G, Fujifilm, Gucci, Dior, and Disney, among others. The product portfolio of the company includes 30,000+ products. The company has tied up with leading e-commerce companies such as Amazon, Ebay, and Shopify, among others. With headquarters in California in the United States, the company was founded in 1999.
Worldwide Brands is a prominent internet-based dropshipping company which provides a diverse range of high-end products including pet supplies, toys, games, jewellery, watches, home and garden appliances, and consumer electronics, among others. The company claims to provide safe, low-cost, and scam-free products. It was founded in the year 1999 and is currently headquartered in Florida, United States.
Other market players include Spocket, Wholesale2b, Doba Inc., Alibaba Group Holding Limited, DropshipZone, Modalyst Inc, and SaleHoo Group Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Destination |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dropshipping Market Analysis
8.1 Key Industry Highlights
8.2 Global Dropshipping Historical Market (2018-2022)
8.3 Global Dropshipping Market Forecast (2023-2028)
8.4 Global Dropshipping Market by Product
8.4.1 Toys, Hobby, and DIY
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Furniture and Appliances
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Food and Personal Care
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Electronics and Media
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Fashion
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Dropshipping Market by Destination
8.5.1 Domestic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 International
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Dropshipping Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Dropshipping Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Dropshipping Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Dropshipping Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Dropshipping Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Dropshipping Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 DropCommerce
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sunrise Wholesale Merchandise
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Worldwide Brands
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Spocket
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wholesale2b
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Doba Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Alibaba Group Holding Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 DropshipZone
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Modalyst Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 SaleHoo Group Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dropshipping Market: Key Industry Highlights, 2018 and 2028
2. Global Dropshipping Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Dropshipping Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Dropshipping Historical Market: Breakup by Destination (USD Million), 2018-2022
5. Global Dropshipping Market Forecast: Breakup by Destination (USD Million), 2023-2028
6. Global Dropshipping Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Dropshipping Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Dropshipping Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Dropshipping Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Dropshipping Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Dropshipping Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Dropshipping Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Dropshipping Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Dropshipping Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Dropshipping Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Dropshipping Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Dropshipping Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Dropshipping Market Structure
Key Questions Answered in the Report
The market reached a value of USD 248.3 billion in 2022.
The market is estimated to grow at a CAGR of 24.70% in the forecast period of 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 1036.2 billion by 2028.
The thriving e-commerce sector, rising demand for consumer electronics, food and personal care products, and low start-up cost of dropshipping are the major drivers of the market.
The key trends in the dropshipping market include the increasing popularity of shopping internationally and growing usage of smartphones for online shopping.
Toys, hobby, and DIY, furniture and appliances, food and personal care, electronics and media, and fashion, among others, are the different products included in the market.
Domestic and international are the segments of the market based on destination.
A dropshipping business can be established at a low cost which makes it a good option for beginners, however, choosing a suitable supplier is essential.
Dropshipping can be highly profitable as operational costs are reduced significantly, with key costs involving the eCommerce website, supplier, and marketing.
DropCommerce, Sunrise Wholesale Merchandise, Worldwide Brands, Spocket, Wholesale2b, Doba Inc., Alibaba Group Holding Limited, DropshipZone, Modalyst Inc, and SaleHoo Group Limited, among others, are the key market players, according to the report.
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