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)
Market Introduction
Dropshipping is a type of retail fulfillment model where a store does not need to keep the goods in stock. Instead, with the implementation of dropshipping method, a store purchases the item from a third-party and ships it directly to the end user; thus, the vendor does not have to manage the product directly. Moreover, it is one of the methods for making money online without investing or holding any inventory. 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. The major advantage of dropshipping is one can start a web-based commerce store without investing a huge amount of money in stock. Whereas, in the traditional method retailers had to invest a huge amount to obtain stocks. Factor such as rise in e-commerce industry is expected to create a significant demand for dropshipping in the coming years, which is further anticipated to drive the North America dropshipping market. Furthermore, in case of COVID-19, North America is highly affected especially the US. 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.
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Market Overview and Dynamics
The dropshipping market in North America is expected to grow from US$ 36.11 billion in 2019 to US$ 125.45 billion by 2027; it is estimated to grow at a CAGR of 17.6 % from 2020 to 2027.Integration of artificial intelligence for dropshipping business is expected to surge the North America dropshipping market. Online businesses have used artificial intelligence in order to automate some of their customer interactions, and this trend is likely to grow more in the coming years. The ability to automate e-commerce processes has been around for a while, but it is anticipated to become more commonplace and personalized since artificial intelligence becomes even more advanced. Advancements in artificial intelligence technology have made it possible for dropshipping companies to accelerate their lead generation without sacrificing quality. Advanced artificial intelligence tools create numerous potential opportunities for businesses to generate more leads than humans; thus, various companies are highly investing in artificial intelligence for improved lead generation. Several dropshipping companies who adopted artificial intelligence sales assistant solutions has the ability to incorporate with the artificial intelligence engage potential customers in natural conversations through chat functions on the website, and can also reach out to every single potential lead. The artificial intelligence technology has the ability to filter through the leads on the basis of data patterns and come up with several leads. Integration of artificial intelligence in dropshipping business got several advantages such as automatic customer interaction, more lead generation, which will drive the North America dropshipping market
Key Market Segments
In terms of product type, the electronics and media segment accounted for the largest share of the North America dropshipping market in 2019. In terms of organization size, the small and medium- sized enterprises segment held a larger market share of the North America dropshipping market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the dropshipping market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alidropship.com; Doba Inc.; Inventory Source; Megagoods, Inc.; Modalyst, Inc.; Orderhive; Printify, Inc.; Sunrise Wholesale Merchandise LLC.
Reasons to buy report
- To understand the North America dropshipping market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America dropshipping market
- Efficiently plan M&A and partnership deals in North America dropshipping market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America dropshipping market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Dropshipping Market Segmentation
By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
By Country
- US
- Canada
- Mexico
Company Profiles
- Alidropship.com
- Doba Inc.
- Inventory Source
- Megagoods, Inc.
- Modalyst, Inc.
- Orderhive
- Printify, Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Dropshipping Market – By Product Type
1.3.2 North America Dropshipping Market – By Organization Size
1.3.3 North America Dropshipping Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Dropshipping Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Dropshipping Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising E-Commerce Industry
5.1.2 Growing Demand for Consumer Electronics
5.2 Market Restraints
5.2.1 Increasing Security Concerns
5.3 Market Opportunities
5.3.1 Surging Growth Opportunities
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence (AI) for Dropshipping Business
5.5 Impact Analysis of Drivers and Restraints
6. Dropshipping Market – North America Analysis
6.1 North America Dropshipping Market Overview
6.2 North America Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning – Five Key Players
7. North America Dropshipping Market Analysis – By Product Type
7.1 Overview
7.2 North America Dropshipping Market Breakdown, by Product Type, 2019 & 2027
7.3 Toys, Hobby and DIY
7.3.1 Overview
7.3.2 Toys, Hobby and DIY Market Revenue and Forecast to 2027 (US$ Billion)
7.4 Furniture and Appliances
7.4.1 Overview
7.4.2 Furniture and Appliances Market Revenue and Forecast to 2027 (US$ Billion)
7.5 Food and Personal Care
7.5.1 Overview
7.5.2 Food and Personal Care Market Revenue and Forecast to 2027 (US$ Billion)
7.6 Electronics and Media
7.6.1 Overview
7.6.2 Electronics and Media Market Revenue and Forecast to 2027 (US$ Billion)
7.7 Fashion
7.7.1 Overview
7.7.2 Fashion Market Revenue and Forecast to 2027 (US$ Billion)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecast to 2027 (US$ Billion)
8. North America Dropshipping Market Analysis – By Organization Size
8.1 Overview
8.2 North America Dropshipping Market Breakdown, by Organization Size, 2019 & 2027
8.3 Small and Medium Enterprises
8.3.1 Overview
8.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2027 (US$ Billion)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises Market Revenue and Forecast to 2027 (US$ Billion)
9. North America Dropshipping Market – Country Analysis
9.1 Overview
9.1.1 North America: Dropshipping Market, By Country
9.1.1.1 US: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
9.1.1.1.1 US: Dropshipping Market, By Product Type
9.1.1.1.2 US: Dropshipping Market, By Organization Size
9.1.1.2 Canada: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
9.1.1.2.1 Canada: Dropshipping Market, By Product Type
9.1.1.2.2 Canada: Dropshipping Market, By Organization Size
9.1.1.3 Mexico: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
9.1.1.3.1 Mexico: Dropshipping Market, By Product Type
9.1.1.3.2 Mexico: Dropshipping Market, By Organization Size
10. Impact of COVID-19 Pandemic on North America Dropshipping Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Company Profiles
12.1 alidropship.com
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Doba Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Inventory Source
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Megagoods, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MODALYST, INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Orderhive
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Printify, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sunrise Wholesale Merchandise LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
Table 2. US Dropshipping Market, By Product Type – Revenue and Forecast To 2027 (US$ Billion)
Table 3. US Dropshipping Market, By Organization Size – Revenue and Forecast To 2027 (US$ Billion)
Table 4. Canada Dropshipping Market, By Product Type – Revenue and Forecast To 2027 (US$ Billion)
Table 5. Canada Dropshipping Market, By Organization Size – Revenue and Forecast To 2027 (US$ Billion)
Table 6. Mexico Dropshipping Market, By Product Type – Revenue and Forecast To 2027 (US$ Billion)
Table 7. Mexico Dropshipping Market, By Organization Size – Revenue and Forecast To 2027 (US$ Billion)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Dropshipping Market Segmentation
Figure 2. North America Dropshipping Market Segmentation – By Country
Figure 3. North America Dropshipping Market Overview
Figure 4. Electronics and Media Segment Held the Largest Market Share
Figure 5. Small & Medium Enterprise Segment Held the Largest Market Share
Figure 6. US to Show Great Traction During Forecast Period
Figure 7. North America – PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Dropshipping Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 11. North America Dropshipping Market Breakdown, by Product Type (2019 and 2027)
Figure 12. North America Toys, Hobby and DIY Market Revenue and Forecast to 2027(US$ Billion)
Figure 13. North America Furniture and Appliances Market Revenue and Forecast to 2027(US$ Billion)
Figure 14. North America Food and Personal Care Market Revenue and Forecast to 2027(US$ Billion)
Figure 15. North America Electronics and Media Market Revenue and Forecast to 2027(US$ Billion)
Figure 16. North America Fashion Market Revenue and Forecast to 2027(US$ Billion)
Figure 17. North America Others Market Revenue and Forecast to 2027(US$ Billion)
Figure 18. North America Dropshipping Market Breakdown, by Organization Size (2019 and 2027)
Figure 19. North America Small and Medium Enterprises Market Revenue and Forecast to 2027(US$ Billion)
Figure 20. North America Large Enterprises Market Revenue and Forecast to 2027(US$ Billion)
Figure 21. North America Dropshipping Market Revenue Share, By Country (2019 and 2027)
Figure 22. US: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 23. Canada: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 24. Mexico: Dropshipping Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 25. Impact of COVID-19 Pandemic on North American Country Markets
The List of Companies - North America Dropshipping Market
- Alidropship.com
- Doba Inc.
- Inventory Source
- Megagoods, Inc.
- Modalyst, Inc.
- Orderhive
- Printify, Inc.
- Sunrise Wholesale Merchandise LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America dropshipping market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America dropshipping market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the dropshipping market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution