SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Dropshipping - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 601
Companies: 42 - Players covered include AliDropship; AliExpress; DHgate; Doba; Doba Inc.; Dropified; Dropship News; DropshipDirect; Inventory Source; Megagoods, Inc.; Modalyst, Inc.; Oberlo; Onlinestorebiz.com LLC; SaleHoo Group Limited; Spocket; Sumner Communications, Inc.; Sunrise Wholesale Merchandise, LLC; Wholesale Central; Wholesale2B; Worldwide Brands and Others.
Coverage: All major geographies and key segments
Segments: Product (Electronics & Media, Fashion, Toys, Hobby & DIY, Furniture & Appliances, Food & Personal Care)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Dropshipping Market to Reach $476.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Dropshipping estimated at US$128.6 Billion in the year 2020, is projected to reach a revised size of US$476.1 Billion by 2026, growing at a CAGR of 23.7% over the analysis period. Electronics & Media, one of the segments analyzed in the report, is projected to record a 21.7% CAGR and reach US$157.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fashion segment is readjusted to a revised 26.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $44.1 Billion in 2021, While China is Forecast to Reach $108 Billion by 2026
The Dropshipping market in the U.S. is estimated at US$44.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$108 Billion by the year 2026 trailing a CAGR of 29.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19% and 21.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.3% CAGR.
Toys, Hobby & DIY Segment to Reach US$87 Billion by the year 2026
In the global Toys, Hobby & DIY segment, USA, Canada, Japan, China and Europe will drive the 21.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$19 Billion in the year 2020 will reach a projected size of US$74 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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