North America Dropshipping Market

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.

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 Product Type

• Toys, Hobby and DIY
• Furniture and Appliances
• Food and Personal Care
• Electronics and Media
• Fashion
• Others

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.

North America Dropshipping Market Strategic Insights

North America Dropshipping Market Segmentation Analysis

North America Dropshipping Market Report Highlights

North America Dropshipping Report Scope

North America Dropshipping Market Country and Regional Insights