United States Home Goods Delivery Market Size By Type (B2B, B2C, and C2C), By End-user (FMCG Product Delivery, Electronic Product Delivery), By Logistics Type (Third Party Logistics, In-House), By Vehicle Type (Light Duty, Medium & Heavy Duty), And Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
United States Home Goods Delivery Market Size By Type (B2B, B2C, and C2C), By End-user (FMCG Product Delivery, Electronic Product Delivery), By Logistics Type (Third Party Logistics, In-House), By Vehicle Type (Light Duty, Medium & Heavy Duty), And Forecast
United States Home Goods Delivery Market Size And Forecast
United States Home Goods Delivery Market size was valued at USD 362.8 Billion in 2021 and is projected to reach USD 664.6 Billion by 2030, growing at a CAGR of 7.11% from 2022 to 2030.
The demand for home goods delivery in the United States is growing and is mainly due to the increasing e-commerce industry. The need for home goods delivery is fueled due to the growing youth population adopting more economical clothing. The United States Home Goods Delivery Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
United States Home Goods Delivery Market Definition
Home goods are a variety of products that are used in everyday life. It includes food, FMCG products, health products, electronic goods, home furnishings, home décor accessories, soft furnishings, and many others. The distribution of these home goods through a company is referred to as home goods delivery. The home goods delivery services include transportation and distribution, wherein a strong chain of distributors and delivery services are included. Distributors are companies that specialize in moving commercial products from their site of manufacture or storage to their point of sale, whereas delivery services are companies that focus on moving goods to consumers.
The home goods are transported from the manufacturing plant to the point of sale via one or more points of storage i.e. warehouses where the final user purchases the goods for its consumption. A similar chain is followed for the direct sales channel wherein the manufacturer flashes its product on the online site, once the customer creates demand for purchasing it, the products or goods are shipped to the warehouse and then delivered to the customer’s address using the delivery services.
United States Home Goods Delivery Market Overview
The demand for home goods delivery in the United States is growing and is mainly due to the increasing e-commerce industry. The booming e-commerce industry is mainly due to the ongoing shift in customer preferences toward buying apparel, electronics, home décor items, and groceries online. ng. E-commerce is one of the industries that is expected to grow rapidly as the population’s preference for online shopping grows. The total market demand is expanding as the online buying trend, particularly for business-to-customer, grows due to higher convenience, better discounts, door-to-door delivery, easy payment choices, a wide range of products, remote online ordering, and quick returns. The demand for e-commerce for retail product sales is growing in developed nations such as the United States, which is pushing the market growth. The demand for home goods delivery is fueled due to the growing youth population adopting more economical clothing. The growing young population in the United States is creating more growth avenues for the market. Personalization and price reduction are two of the main drivers in the industry, which is currently experiencing political and economic instability.
The market is expected to show promising growth in the years to come mainly due to the growing adoption of autonomous vehicle technology advancements for the home goods delivery industry. The COVID pandemic escalated the demand for autonomous delivery as it lacks direct human-to-human limiting the risk of infection transfers. This is projected to show higher growth in the forecast period. With the technology getting advanced, several retailers and delivery companies have taken steps to incorporate the technology in order to give customers more convenience. Customers frequently use AR and VR to enhance their ability to visualize products in their homes. This is likely to push the demand for the home goods delivery services market in the United States.
United States Home Goods Delivery MarketSegmentation Analysis
The United States Home Goods Delivery Market is segmented on the basis of Type, End-user, Logistics Type, and Vehicle Type.
United States Home Goods Delivery Market, By Type
• B2B• B2C• C2C
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Based on Type, the market is bifurcated into B2B, B2C, and C2C. In 2021, the B2B segment emerged as the leading product type accounting for over 50%, and is projected to show significant growth in the forecast period. The expansion of B2B e-commerce has surged in recent years. Businesses are undergoing transformations as inefficient and expensive outdated systems are replaced by modern technologies. Furthermore, organizations are being pushed to home goods delivery solutions in order to improve e-commerce delivery processing capabilities and reduce costs is driving the segment growth. The B2C segment is projected to show rapid growth in the forecast period as there is a rapid increase in the consumer desire for online shopping convenience and the ease of setting up an online store.
United States Home Goods Delivery Market, By End-User
• FMCG Product Delivery• Electronic Product Delivery• Food Delivery• Health Product Delivery• Others
On the basis of End-user, the United States Home Goods Delivery Market has been segmented into FMCG Product Delivery, Electronic Product Delivery, Food Delivery, Health Product Delivery, and Others. In 2021, the FMCG product delivery segment accounted for highest market share, followed by electronic product delivery. The greatest collection of consumer products is fast-moving items, which fall under a variety of product categories such as food, drinks, daily necessities, health, home, and personal care.
United States Home Goods Delivery Market, By Logistics Type
• Third Party Logistics• In-House
On the basis of Logistics Type analysis, the United States Home Goods Delivery Market is classified into Third Party Logistics and In-House. In 2021, third-party logistics accounted for the largest share and is projected to show rapid growth rate in the years to come, Third-party delivery occurs when the logistics of the delivery are outsourced to another business. The advantage of third-party logistics is it can concentrate more on its product line along with realized savings on marketing and advertising expenses.
United States Home Goods Delivery Market, By Vehicle Type
• Light Duty• Medium & Heavy Duty• Two Wheeler• Drones• Others
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On the basis of Vehicle Type analysis, the market is segmented into Light Duty, Medium & Heavy Duty, Two Wheeler, Drones, and Others. In 2021, light duty vehicles dominated the segment due to the strict regulations intended to cut vehicle emissions are anticipated to promote the use of electric light duty trucks, fueling the market’s expansion over the projection period.
Key Players
The “United States Home Goods Delivery Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Amazon, FedEx Corporation, NIPPON EXPRESS CO., LTD, HomeGoods, Bungii, PICKUP, Delivery.com, Safeway, XPO Logistics, Inc, Dropoff, A1 Express Delivery Service, INC, Kerry Logistics Network Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
United States Home Goods Delivery Market Infographic
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2022-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Amazon, FedEx Corporation, NIPPON EXPRESS CO., LTD, HomeGoods, Bungii, PICKUP, Delivery.com, Safeway, XPO Logistics, Inc, Dropoff, & Others. |
SEGMENTS COVERED | Type, End-user, Logistics Type, and Vehicle Type. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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