Global Quick Delivery Commerce Market

Global Quick Delivery Commerce Market Size, Share, Growth Analysis, By End-User(B2C, C2C), By Application(Retail, E-Commerce) - Industry Forecast 2024-2031

Report ID: SQSG25S2008 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 65 | Figures: 72

Global Quick Delivery Commerce Market Regional Insights

In the global Quick Delivery Commerce market, Asia-Pacific led the market, accounting for more than XX% of global revenue in 2021. The growing number of e-commerce and quick delivery commerce companies, combined with the growing number of online shoppers, is attributed to regional quick delivery commerce market growth. Furthermore, rising internet penetration, smartphone adoption, and rapid urbanization are expected to drive regional market expansion. Based on our study we found that the number of smartphone devices in the Asia Pacific is expected to reach 3,900 billion by 2025.

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Quick Delivery Commerce Market size was valued at USD 92.88 billion in 2019 and is poised to grow from USD 106.89 billion in 2023 to USD 291.17 billion by 2031, growing at a CAGR of 13.10% in the forecast period (2024-2031). 

As competition in the instant delivery segment intensified, businesses are constantly battling for the same customers to boost their quick delivery commerce market share. Offering faster delivery than competitors is one of the key areas’ businesses are focusing on to improve the consumer experience and loyalty and gain a competitive edge. Dija in the United Kingdom, Gorillas in Germany, Getir in Turkey, and Flink in Germany are leading the delivery game by offering 10-minute deliveries to their customers. Several instant players, including Flink and Gorillas, have expanded rapidly, adding a total of about 350 locations by the end of 2021. Some players are reporting revenues of around US$500 million and claim to be profitable in certain urban hubs. 'Amazon.com Inc.', 'Alibaba Group Holding Limited', 'JD.com Inc.', 'Uber Technologies Inc. ', 'DHL International GmbH ', 'FedEx Corporation ', 'UPS (United Parcel Service) Inc.', 'SF Express Co. Ltd.', 'Instacart Deliveroo Holdings PLC', 'Grab Holdings Inc.', 'Meituan Dianping DoorDash Inc.', 'Postmates Inc.', 'GlovoApp23 SL Shipt Inc.', 'GoPuff', 'Swiggy', 'Zomato Media Pvt Ltd.', 'DeliverPLUS'

Consumer preferences have shifted dramatically in recent years. Urbanization, smaller households, busier lifestyles, and an aging population have all resulted in an increased demand for faster, more convenient shopping options. Instead of buying groceries and household goods in bulk - the foundation of traditional retail and eCommerce - shoppers now prefer to shop for smaller ticket items and fewer goods in real-time as and when they need them. This behavior gave rise to instant delivery, which allowed individuals to receive 1-2 products within minutes of placing an order. And, as instant delivery becomes more popular, consumers' willingness to wait 3-5 days for their deliveries has begun to decline, paving the way for quick commerce to become its retail segment. These factors are expected to drive the global instant delivery market over the forecast year.

Instant delivery was already in use for takeaway food delivery, but it quickly spread to other segments during the pandemic. Particularly in the grocery sector. As consumers were forced to rely on online shopping due to nationwide curfews and lockdowns, large-format retailers such as Walmart and Tesco saw an opportunity. They expanded their delivery services to provide fast grocery delivery in a variety of locations. As this trend gained traction, many instant delivery players such as DoorDash, Deliveroo, GoPuff, and Postmates exploded in the grocery delivery space, a market that had previously been underserved.

In the global Quick Delivery Commerce market, Asia-Pacific led the market, accounting for more than XX% of global revenue in 2021. The growing number of e-commerce and quick delivery commerce companies, combined with the growing number of online shoppers, is attributed to regional quick delivery commerce market growth. Furthermore, rising internet penetration, smartphone adoption, and rapid urbanization are expected to drive regional market expansion. Based on our study we found that the number of smartphone devices in the Asia Pacific is expected to reach 3,900 billion by 2025.

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