The Dropshipping Market is likely to experience substantial growth rate owing to a surge in online shopping and the growing trend of cross-border e-commerce trade. Thus, the demand for dropshipping services is principally influenced by the growth of the e-commerce platforms. The rising penetration of smartphones and rising disposable income in emerging markets are also driving the demand for dropshipping services. Dropshipping is implemented in numerous industries to offer various types of products, such as electronics, personal care, and toys; it also ensures the smooth delivery of goods to consumers. Introduction of advanced technologies has offered new opportunities to dropshipping model providers to move from traditional to online business mode.
Top Companies
Alidropship, Doba Inc., Dropshipzone, Inventory Source, Megagoods, Inc., Modalyst, Inc., Orderhive, Printify, Inc., Salehoo Group Limited, and Sunrise Wholesale Merchandise LLC are among the key players profiled in the report during the dropshipping market study. Additionally, several other important market players were studied and analyzed during this market research study to get a holistic view of the global dropshipping market and its ecosystem.
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Demand for dropshipping business model is increasing immensely in various APAC countries, such as India and China. It is one of the cost-effective models for entrepreneurs to start an e-commerce business. It enables an entrepreneur to sell products online without having to carry inventory. E-commerce sales in APAC countries are growing at a rapid pace making it one of the largest industries. For instance, as per IBEF, in 2017, e-commerce sales grew at an annual rate of 51%, making it the biggest opportunity for online retailers. Additionally, as per China Internet Information Center, China's online retail sales surpassed US$ 1.29 trillion in 2018. Several smart products such as smart speakers and smartwatches are favored by consumers of this region, with sales upsurge of ~80% year-on-year. Sales of cosmetics and furniture also achieved swift growth in China.
The major stakeholders in the dropshipping ecosystem comprise manufacturers, wholesalers, suppliers, dropshipping companies, and end-user/customers. Manufacturers are the companies that produce products. Some of them would have a dropship program that enables other wholesalers to partner directly with them to retail their products. The wholesalers can sell the manufacturer’s products on their website and make a sale. They will forward the information to the manufacturer, and the manufacturer will pick, package, and ship the product to the end user/customer on behalf of the wholesalers. If a manufacturer does not have a dropshipping program, then they might choose to work with a wholesaler to provide their goods directly to end users.
Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The key players present in the dropshipping market mainly focus on acquisition strategies to expand their business and maintain their brand name globally. For instance, in April 2020, Assocalzaturifici, Italian footwear association, collaborated with Brands distribution, a Dropshipping company aiming to help its members sell and swiftly distribute shoes worldwide. Thus, these factors contribute to the growth of the market
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