Report : North America Dropshipping Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Toys, Hobby and DIY, Furniture and Appliances, Food and Personal Care, Electronics and Media, Fashion, and Others) and Organization Size (Small & Medium-Sized Enterprises and Large Enterprises)
Electronics and Media Segment to Dominate North America Dropshipping Market during 2019–2027
According to The Insight Partners market research study on “North America Dropshipping Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product type and Organization Size” is expected to reach US$ 125.45 billion by 2027 from US$ 36.11 billion in 2019. The market is estimated to grow at a CAGR of 17.6 % from 2020 to 2027. The report provides trends prevailing in the North America dropshipping market along with the drivers and restraints pertaining to the market growth. Rising e-commerce industry and growing demand for consumer electronics are the major factor driving the growth of the North America dropshipping market. However, increasing security concerns hinder the growth of North America dropshipping market. In case of COVID-19, North America is highly affected specially the US. North America is one of the most important region for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. The US is one of the prominent market for dropshipping. The huge increase in the number of confirmed cases and rising reported deaths in the country has affected these industries. The factory and business shutdowns across the US, Canada, and Mexico impact the adoption of the dropshipping. COVID-19 has had a severe impact on logistics operations, transportation, and trade activity. North America region is home to a large number of manufacturing and technology companies. Thus, the coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. However, the online food business has boosted sales in the region. Consumers are spending on products that would help them manage the COVID-19 crisis, including online food pickup and delivery. The impact of COVID-19 is short-term; it is likely to decrease in the coming years across North America.
The North America dropshipping market is segmented into product type, organization size, and country. On the basis of product type, market is segmented into toys, hobby and DIY, furniture and appliances, food and personal care, electronics and media, fashion, and others. The electronics and media segment held the largest share of the North America dropshipping market. Fashion segment is expected to be fastest growing during forecast period. Further, on the basis of organization size, market is segmented into small & medium-sized enterprises and large enterprises. The small and medium – sized enterprises segment held the largest share of North America dropshipping market and it is expected to be fastest growing during forecast period.
Alidropship.com; Doba Inc.; Inventory Source; Megagoods, Inc.; Modalyst, Inc.; Orderhive; Printify, Inc.; Sunrise Wholesale Merchandise LLC are among the leading companies in the North America dropshipping market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Inventory Source announced a new integration with Weapon Depot for both Inventory Automation and Full Automation plans.
The report segments the North America Dropshipping Market as follows:
North America Dropshipping Market – By Product Type
North America Dropshipping Market – By Organization Size
North America Dropshipping Market – By Country