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. The growing demand for consumer electronics is bolstering the growth of the Dropshipping market in North America.
New York, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America Dropshipping Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type and Organization Size" - https://www.reportlinker.com/p05978894/?utm_source=GNW
Growing adoption of consumer electronics such as tablets, smartphones, and laptops in North America creates new and exciting opportunities for various ongoing technological developments.
It has led to rising penetration of these devices across economies in North America.In countries such as Mexico and Canada, there is a huge scope for growth in the consumer electronics industry with consumption projected to surge as the penetration of brands increases.
Mobile phone cases are considered a promising e-commerce niche, as it is gaining traction at a rapid pace.Owing to increasing demand for mobile accessories, consumer electronics is one such product category propelling Dropshipping businesses, in turn, attracting several start-ups in North America.
Moreover, the rising e-commerce industry is expected to positively influence the demand for Dropshipping in North America.
With the US being among the prominent market for Dropshipping, the current scenario of COVID-19 crisis has adversely affected the market growth.The huge increase in the number of confirmed cases and rising reported deaths in the country has affected several market players operating in the Dropshipping market.
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 is home to a large number of manufacturing and technology companies.Thus, the impact of COVID-19 is anticipated to be quite severe in 2020 and likely in 2021.
However, the online food business has boosted sales in the region. Consumers are spending on online food pickup and delivery that would help them meet their needs during the COVID-19 crisis. The impact of COVID-19 is short-term; it is likely to decrease in the coming years across North America.
The electronics and media segment led the North America Dropshipping market based on product type in 2019.With the opportunity of making more sales and profits, Dropshipping of electronics and media is gaining huge popularity.
Several Dropshippers of electronics and media have started taking advantage of well-established market of electronics consumers in order to profit themselves.Recently, a huge growth in the number of wholesale electronics Dropshippers has been observed because of less weight of consumer electronics which can be easily ship to the consumers.
Additionally, one can also quickly make more profit by selling accessories; for instance, consumer electronics drop shippers can sell tablets and phone covers to buyers. So the growing demand of electronics and media is expected to increase the no. of electronics Dropshippers due to more profit and sale , which will drive the North America Dropshipping market.
The overall North America Dropshipping market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the North America Dropshipping market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America Dropshipping market. A few players operating in the market are Alidropship.com; Doba Inc.; Inventory Source; Megagoods, Inc.; Modalyst, Inc.; Orderhive; Printify, Inc.; and Sunrise Wholesale Merchandise LLC.
Read the full report: https://www.reportlinker.com/p05978894/?utm_source=GNW
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