Dropshipping Global Market Report 2024

Description

Dropshipping is a retail model where stores sell products to customers without holding inventory, instead, items are shipped directly from suppliers to customers. This allows merchants to operate with minimal upfront investment and eliminates the need for warehousing and fulfillment logistics. The primary objective of dropshipping is to simplify the operation of online stores by avoiding inventory management and reducing initial costs.

The key product categories in dropshipping encompass furniture and appliances, toys, hobbies and DIY, food and personal care, fashion, electronics, and others. Dropshipping companies specialize in offering a diverse array of furniture and appliances to meet various customer preferences and needs, ensuring ease in purchasing large items without the complexities of traditional retail. Recipients of dropshipping services include both domestic and international destinations, serving applications such as business-to-business (B2B), business-to-consumer (B2C), and customer-to-customer (C2C).

The dropshipping market research report is one of a series of new reports from the business research company that provides dropshipping market statistics, including dropshipping industry global market size, regional shares, competitors with an dropshipping market share, detailed dropshipping market segments, market trends and opportunities, and any further data you may need to thrive in the dropshipping industry. This dropshipping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dropshipping market size has grown exponentially in recent years. It will grow from $225 billion in 2023 to $272.97 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth observed in the historic period can be attributed to the expansion of e-commerce, globalization, minimal barriers to entry, evolving consumer expectations, and increased entrepreneurial opportunities.

The dropshipping market size is expected to see exponential growth in the next few years. It will grow to $594.02 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The anticipated growth in the forecast period can be attributed to rising consumer demand for personalized and customized products, increasing concerns among consumers about sustainability and ethical sourcing practices, expanding marketplaces, resilient supply chains, and facilitation of cross-border trade. Key trends expected in the forecast period include the integration of technology, diversification of product offerings, emphasis on customization and personalization, vertical integration, optimization of supply chains, and the adoption of automation tools to enhance operational efficiency.

The expansion of the e-commerce sector is set to drive growth in the dropshipping market moving forward. E-commerce encompasses the online trade of goods and services facilitated through digital transactions. This industry is rapidly growing due to increased internet accessibility, the convenience of online shopping, rising mobile device usage, and technological advancements that support seamless transactions and personalized shopping experiences. Dropshipping plays a crucial role in this growth by enabling retailers to offer a wide array of products without the need for inventory storage, thereby reducing upfront costs and providing flexibility in product offerings and market expansion. For example, Ecommerce Europe reported a substantial surge in the European e-commerce market in 2021, reaching approximately USD 869 billion, marking a 13% increase from the previous year's USD 681.90 billion. The growth trajectory is expected to continue in 2022, with projections indicating an 11% growth rate and an anticipated turnover of around USD 958 billion. This upward trend underscores how the flourishing e-commerce industry will fuel expansion in the dropshipping sector.

Leading companies in the dropshipping market are enhancing their capabilities by integrating mapping functionality to optimize inventory management and boost sales strategies. Mapping tools enable e-commerce and dropshipping sellers to efficiently categorize SKUs, organize distribution, and implement effective marketing initiatives such as BOGO (Buy-One-Get-One) offers and product bundles. For instance, DSers, based in Hong Kong, recently introduced a significant upgrade to its mapping function in June 2022. This enhanced feature simplifies dropshipping product management by offering various methods such as SKU mapping and upsell mapping, tailored to align with sellers' business models, brand identities, and product assortments. Options include basic mapping for quick SKU categorization across multiple suppliers, standard mapping for precise SKU management, BOGO mapping for promotional campaigns, and bundle mapping for selling product kits at discounted rates.

In June 2021, wix.com, Inc., headquartered in Israel, acquired Modalyst to augment its eCommerce platform capabilities. Modalyst, a US-based dropshipping platform, facilitates seamless integration between online stores and a vast network of US and European suppliers. This acquisition enhances Wix's offering by enabling merchants to access millions of high-quality products and implement white-label solutions, thereby expanding their e-commerce business opportunities.

Major companies operating in the dropshipping market are Costco Wholesale Corporation, Shopify Inc., Etsy Inc., Wix.com Inc., Printful Inc., Printify Inc., Doba Inc., Oberlo, Gooten, SaleHoo Group Limited, AliExpress Ltd., Inventory Source, Megagoods Inc., Wholesale2b, Dropshipper.com, CJDropshipping Inc., GreenDropShip, Alidropship, Modalyst Inc., Sunrise Wholesale Merchandise LLC, Cin7 Orderhive Inc., Spocket, Importify, Teelaunch, BigBuy

North America was the largest region in the dropshipping market in 2023. The regions covered in the dropshipping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the dropshipping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The dropshipping market includes revenues earned by entities by providing product sourcing, order processing, the marketplace platform, shipping, and logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Dropshipping Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on dropshipping market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for dropshipping ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dropshipping market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product: Furniture And Appliances; Toys, Hobby And DIY; Food And Personal Care; Fashion; Electronics; Other Products
2) By Destination: Domestic; International
3) By Application: Business-to-Business (B2B); Business-to-Consumer (B2C); Customer-to-Customer (C2C)
Companies Mentioned: Costco Wholesale Corporation; Shopify Inc.; Etsy Inc.; Wix.com Inc.; Printful Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18843

1. Executive Summary

2. Dropshipping Market Characteristics

3. Dropshipping Market Trends And Strategies

4. Dropshipping Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Dropshipping Market Size and Growth

5.1. Global Dropshipping Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Dropshipping Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Dropshipping Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Dropshipping Market Segmentation

6.1. Global Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Furniture And Appliances
Toys, Hobby And DIY
Food And Personal Care
Fashion
Electronics
Other Products
6.2. Global Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Domestic
International
6.3. Global Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Customer-to-Customer (C2C)

7. Dropshipping Market Regional And Country Analysis

7.1. Global Dropshipping Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Dropshipping Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Dropshipping Market

8.1. Asia-Pacific Dropshipping Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Dropshipping Market

9.1. China Dropshipping Market Overview
9.2. China Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Dropshipping Market

10.1. India Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Dropshipping Market

11.1. Japan Dropshipping Market Overview
11.2. Japan Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Dropshipping Market

12.1. Australia Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Dropshipping Market

13.1. Indonesia Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Dropshipping Market

14.1. South Korea Dropshipping Market Overview
14.2. South Korea Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Dropshipping Market

15.1. Western Europe Dropshipping Market Overview
15.2. Western Europe Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Dropshipping Market

16.1. UK Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Dropshipping Market

17.1. Germany Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Dropshipping Market

18.1. France Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Dropshipping Market

19.1. Italy Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Dropshipping Market

20.1. Spain Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Dropshipping Market

21.1. Eastern Europe Dropshipping Market Overview
21.2. Eastern Europe Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Dropshipping Market

22.1. Russia Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Dropshipping Market

23.1. North America Dropshipping Market Overview
23.2. North America Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Dropshipping Market

24.1. USA Dropshipping Market Overview
24.2. USA Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Dropshipping Market

25.1. Canada Dropshipping Market Overview
25.2. Canada Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Dropshipping Market

26.1. South America Dropshipping Market Overview
26.2. South America Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Dropshipping Market

27.1. Brazil Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Dropshipping Market

28.1. Middle East Dropshipping Market Overview
28.2. Middle East Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Dropshipping Market

29.1. Africa Dropshipping Market Overview
29.2. Africa Dropshipping Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Dropshipping Market, Segmentation By Destination, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Dropshipping Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Dropshipping Market Competitive Landscape And Company Profiles

30.1. Dropshipping Market Competitive Landscape
30.2. Dropshipping Market Company Profiles
- 30.2.1. Costco Wholesale Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Shopify Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Etsy Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Wix.com Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Printful Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Dropshipping Market Other Major And Innovative Companies

31.1. Printify Inc.
31.2. Doba Inc.
31.3. Oberlo
31.4. Gooten
31.5. SaleHoo Group Limited
31.6. AliExpress Ltd.
31.7. Inventory Source
31.8. Megagoods Inc.
31.9. Wholesale2b
31.10. Dropshipper.com
31.11. CJDropshipping Inc.
31.12. GreenDropShip
31.13. Alidropship
31.14. Modalyst Inc.
31.15. Sunrise Wholesale Merchandise LLC

32. Global Dropshipping Market Competitive Benchmarking

33. Global Dropshipping Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Dropshipping Market

35. Dropshipping Market Future Outlook and Potential Analysis

35.1 Dropshipping Market In 2028 - Countries Offering Most New Opportunities
35.2 Dropshipping Market In 2028 - Segments Offering Most New Opportunities
35.3 Dropshipping Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer