Global Same Day Delivery Market Report and Forecast 2024-2032

Global Same Day Delivery Market Outlook

The global same day delivery market size reached approximately USD 8.21 billion in 2023. The market is further projected to grow at a CAGR of 19.4% between 2024 and 2032, reaching a value of USD 40.51 billion by 2032.

Key Trends in the Market

Same day delivery is a shipping model that allows the delivery of the product purchased by the customer at their doorstep within twenty-four hours of placing the order. Same day delivery lowers business inventory and shipping costs while boosting customer loyalty. The processing of the order depends upon the nature of the packaging and product.

• Increasing expansion of online businesses and e-commerce platforms is aiding the same day delivery market growth. Various online businesses offer same day delivery due to rising competition and to cash in on the impulsive purchases.

• Provision of same day delivery reduces cart abandonment by waving off long delivery periods. Availability of products same day or within a span of twenty-four hours positively impacts the shopping experience of the customers, encouraging customer loyalty and boosting market growth.

• The growing adoption of same day delivery by the healthcare sector is bolstering the market expansion. The same day delivery of medical supplies and specimens includes transportation of the parcel through temperature-controlled vehicles, ensuring that the products remain stable throughout the delivery.

Global Same Day Delivery Market Analysis

On the basis of type, the market is divided into business to business (B2B), business to customer (B2C), and customer to customer (C2C). Based on mode of transportation, the market is segregated into airways, roadways, railways, and intermodal. On the basis of application, the market is classified into retail, healthcare, documents and letters, and e-commerce, among others. Based on region, the same day delivery market segmentation includes 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 market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Amazon.com, Inc 

• FedEx Corporation 

• Deutsche Post AG 

• Aramex International LLC

• United Parcel Service of America, Inc. 

• Power Link Expedite Corporation 

• Dropoff Inc. 

• XPO Logistics, Inc. 

• Need It Now Delivers, LLC

• Jet Delivery, Inc. 

• Others

Market Share by Application

E-commerce is expected to account for a significant same day delivery market share in the coming years owing to the various advantages offered by same day delivery including reduced cart abandonment, increased purchase, and competitive distinction. Due to changing lifestyles and shopping patterns, the demand for fastest delivery time possible is increasing, therefore, various online businesses and e-commerce platforms are offering same day delivery to boost customer satisfaction and loyalty. Moreover, the provision of same day delivery also aids in improving conversion rates.

Market Share by Region

North America is anticipated to witness significant growth over the forecast period. This growth can be attributed to the strong presence of various major market players including FedEx and Amazon, among others in the region. The expansion of the e-commerce sector and increasing popularity of online shopping owing to their convenient and hassle-free nature is boosting the same day delivery market demand. Various brands and businesses in the region are also offering same day delivery as it allows them to be distinguished from their competition and boosts customer satisfaction.

Competitive Landscape

Amazon.com, Inc is a multinational company providing digital streaming, cloud computing, online advertising, and same day delivery to their customers around the globe. The company was founded in 1994 and is headquartered in Washington, United States.

FedEx Corporation, headquartered in Tennessee, United States, focused on e-commerce, business services, and transportation. Founded in 1971, FedEx, one of the largest shipping companies is also known to provide same day delivery.

Deutsche Post AG, founded in 1995, the company has four major divisions including, supply chain, post-ecommerce-parcel, freight, and express. The company also offers products and services including postcode search, shipment tracking, and same day delivery, among others.

Other same day delivery market key players include Aramex International LLC, United Parcel Service of America, Inc., Power Link Expedite Corporation, Dropoff Inc., XPO Logistics, Inc., Need It Now Delivers, LLC, and Jet Delivery, Inc., among others.

Key Highlights of the Report