The Insight Partners
According to our latest market study on “Dropshipping Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product Type (Toys, Hobby, and DIY; Furniture and Appliances; Food and Personal Care; Electronics and Media; Fashion; and Others), Organization Size (Small & Medium Enterprise and Large Enterprise), Geography,” the market was valued at US$ 162.44 billion in 2019 and is projected to reach US$ 591.77 billion by 2027; it is expected to grow at a CAGR of 18.3% from 2020 to 2027. The global dropshipping market is segmented into five major regions North America, Europe, APAC, MEA, and SAM. In 2019, APAC led the global dropshipping market with more than 31.9% revenue share, followed by Europe and North America. APAC comprises countries, such as China, India, Japan, South Korea, and Australia. India and China are the fastest-growing e-commerce markets in APAC. With the rising Internet penetration, consumers in these countries are inclined toward online shopping, which, in turn is transforming several areas of e-commerce in…
