What is the global market size of Quick Delivery Commerce Market?

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).

Quick Delivery Commerce Market Size

Quick Delivery Commerce Market Insights

Global Quick Delivery Commerce Market size was valued at USD 107.9 billion in 2023 and is poised to grow from USD 120.96 billion in 2024 to USD 301.63 billion by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).

Instant Delivery or Quick Delivery Commerce is the next stage of eCommerce and is all about delivering products and services to customers quickly (in less than an hour). While eCommerce has transformed traditional retail, the average delivery time remains between 3 and 5 days, and large orders are frequently encouraged. Quick commerce takes it a step further by delivering small orders almost instantly, whenever and wherever customers require them. It promotes shopping on-demand rather than shopping for a long list all at once, a trend that is quickly catching on, particularly in the food and grocery industries.

Instant grocers provide the products typically within 30 minutes, with drivers riding electric bikes or scooters and fulfilling orders from urban dark stores or micro-fulfillment centers. Instant Delivery Services is fundamentally changing consumer purchasing behavior and the grocery retail market as a whole by offering faster delivery options (in as little as 10 minutes) and a more convenient shopping experience.

Unlike large warehouses on the outskirts of cities to fulfill eCommerce orders, quick commerce uses small fulfillment centers in multiple locations throughout the city to deliver orders quickly. Quick commerce success is largely dependent on strong warehousing and delivery partners, advanced online ordering systems, appropriate product assortments, and Quick Delivery Commerce turnaround times. Businesses in this retail format typically keep limited, high-demand inventory in their warehouses, ready to be dispatched to nearby areas as soon as orders are placed.

US Quick Delivery Commerce Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

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. 'DoorDash Inc. (United States) ', 'Delivery Hero SE (Germany) ', 'Just Eat Takeaway.com N.V. (Netherlands) ', 'Uber Technologies Inc. (United States) ', 'Meituan (China) ', 'Grab Holdings Limited (Singapore) ', 'Zomato Limited (India) ', 'Deliveroo plc (United Kingdom) ', 'Glovo (Spain) ', 'Instacart Inc. (United States) ', 'Gopuff (United States) ', 'Getir (Turkey) ', 'Jumia Technologies AG (Germany) ', 'Ola Foods (India) ', 'Swiggy (India) ', 'Blinkit (India) ', 'Zepto (India) ', 'BigBasket (India) ', 'Flipkart Quick (India) ', 'Amazon Fresh (United States)'

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.