Dropshipping is one of the most popular business models in the e-commerce space. It allows entrepreneurs to start and scale their businesses with little up-front investment, and it’s a model that is well suited for online businesses that don’t have a lot of inventory. In this post, we will take a look at some dropshipping industry growth statistics, as well as the future outlook for the model. We will also discuss some tips for starting and scaling your own dropshipping business.
Dropshipping Industry Growth
The dropshipping industry has been growing steadily for the past few years, and it shows no signs of slowing down. In 2018, the global dropshipping industry was worth $102.2 billion, and it is expected to grow to $439 billion by 2025. This rapid growth is due to a number of factors, including the increasing popularity of e-commerce, the proliferation of dropshipping platforms and apps, and the increasing number of entrepreneurs who are looking for ways to start their own businesses with little up-front investment.
17 Statistics on the Dropshipping Industry
Here are 17 dropshipping statistics that every entrepreneur should know:
- The dropshipping industry is growing rapidly. In 2018, the global dropshipping industry was worth $102.2. billion. By 2025, it is expected to grow to $439 billion.
- The United States is the largest dropshipping market in the world, accounting for 34% of the global market.
- Dropshipping is most popular with entrepreneurs who are 25-34 years old.
- The average dropshipper spends $46 on advertising per day.
- The most popular dropshipping products are in the categories of clothing, beauty, and home & garden.
- The average order value for a dropshipped product is $23.50.
- The dropshipping industry is highly competitive, with a 5% success rate.
- Dropshippers who are successful tend to have a well-defined niche, high-quality product images, and a strong social media presence.
- AliExpress is the most popular dropshipping platform, followed by Shopify and eBay. That’s not expected to change.
- It takes an average of 8 days to set up a dropshipping store.
- The average dropshipper spends $117 per month on their store.
- The average conversion rate for dropshipping stores is 2%.
- The average order value for dropshipping stores is $37.44.
- The average dropshipper makes $1,200 in sales per month.
- The average dropshipping store has a lifespan of 4-6 months.
- The United States is expected to remain the largest dropshipping market in the world, accounting for 38% of the global market.
- China is expected to be the largest supplier of dropshipped products, accounting for 50% of all dropshipped products.
As you can see, the dropshipping industry is growing rapidly and is expected to continue growing in the future. If you’re thinking about starting a dropshipping business, it’s important to choose a niche that you’re passionate about and that you have knowledge of. It’s also important to create high-quality product images and to build a strong social media presence. dropshippers who are successful tend to have all of these elements in place.
What’s the Future Outlook for Dropshipping?
The future outlook for dropshipping is positive. The industry is growing rapidly and is expected to continue growing in the future. The United States is expected to remain the largest dropshipping market in the world, and AliExpress is expected to remain the most popular dropshipping platform. The dropshipping industry is highly competitive, but there is still room for new businesses to be successful. If you’re thinking about starting a dropshipping business, now is a good time to do it.
Conclusion
Dropshipping is a rapidly growing industry that is expected to continue expanding in the future. The United States is the largest dropshipping market in the world, and AliExpress remains the most popular dropshipping platform. Successful dropshippers have a defined niche, high-quality product images, and a strong social media presence. If you’re thinking about starting a dropshipping business, now is a good time to do it.