Being a part of fast-paced life, we could expect everything to do in a different way. When it comes to business’s growth, it requires considering variety of different things. Here, we are going to emphasize on how dropshipping can play a major role to your business growth in 2021.
Dropshipping and Your Business Model
Yes, drop shipping’s demand has been increasing day-by-day. This model has been appreciating all around the world. In addition, the best thing is that if you go through the facts and statistics, you will get to more about it in a detailed manner.
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Facts And Figures about Dropshipping
In this section, we are going to mention some of the best and prominent data. Let us understand it,
Related: Why Should you still build dropshipping stores
- Studies say that dropshipping is supposed to have incredible growth rate on annual base of 28.8% in between 2019-2025. Moreover, it is supposed to go by USD 557.9 billion by 2025.
- Talking about the e-retail revenues, it is supposed to go by $6.54 trillion by 2022 while it was $3.53 trillion in 2019.
- By 2025, almost 75% U.s households would be having incredible speakers.
- Statics also say that Voice commerce sales would be reaching to $40 billion by 2022.
- AI is also going to be a huge thing by 2022 and most online sellers would be spending $7.3 billion on this. Customers would be having incredible experience because of AR technology in 2022.
- In coming days, the ratio of online buyers is going to be increased by 2.14 billion.
- It is expected to have almost 2.14 billion online stores buyer all across the world in 2021.
- It is supposed to get done $24,265.12 billion by 2025.
Benefits
Have you been wondering about the benefits of dropshipping? You are at the right platform.
Related: Pros and Cons of Dropshipping
- We all know how the use of mobile has been increased these days. Because of Higher Mobile Phone Usage in coming years, the ratio of benefit is going to be increased a lot.
- Dropshipping can easily be considered being easily scalable business and can bring more benefits
- The best thing is that you would not require any sort of renting a store or building in a mega mall to kick off your business
- Dropshipping is an ideal business to do since you would not have to stagnant to specific products or any sort of geographic location.
- Moreover, the most important thing is that you can easily manage it since there is not inventory require to do this.
- To kick off dropshipping, you will be needed a sort of quite specific capital indeed.
Largest Market To Do Online Shopping
In this section, we are going to mention the world’s largest markets for online shopping. Let us check it out more about it –
- China ($672 billion annual online sales)
- United States ($340 billion annual online sales)
- United Kingdom ($99 billion annual online sales)
- Japan ($79 billion annual online sales)
- Germany ($73 billion annual online sales)
- France ($43 billion annual online sales)
- South Korea ($37 billion annual online sales)
- Canada ($30 billion annual online sales)
- Russia ($20 billion annual online sales)
- Brazil ($19 billion annual online sales)
