The global quick commerce market is experiencing explosive growth, projected to reach a staggering USD 11.67 billion by 2032, driven by a remarkable CAGR of 12.6% during the forecast period. This burgeoning market reflects the increasing demand for on-demand delivery of essential goods, driven by changing consumer lifestyles and the rise of e-commerce.
Market Overview
Quick commerce, often referred to as “q-commerce,” involves the rapid delivery of goods, typically within minutes or hours, to consumers. This model primarily focuses on essential items such as groceries, food, and everyday essentials.
Drivers of Market Growth
Several key factors are propelling the growth of this dynamic market:
- Changing Consumer Lifestyles: The rise of busy lifestyles, coupled with the increasing demand for convenience, has fueled the growth of quick commerce services. Consumers are increasingly seeking on-demand delivery options for their daily needs.
- Technological Advancements: Advancements in technology, such as mobile applications, GPS tracking, and real-time inventory management, have enabled the development of efficient and reliable quick commerce platforms.
- Urbanization and Population Growth: The rapid urbanization and growth of urban populations are creating a significant demand for convenient and accessible delivery services.
- E-commerce Boom: The continued growth of e-commerce has further accelerated the adoption of quick commerce services, as consumers become increasingly accustomed to online shopping and fast delivery.
Some of the major players operating in the global market include:
- Swiggy
- Dunzo
- Blink Commerce Private Limited
- Supermarket Grocery Supplies Pvt Ltd (Big Basket)
- KiranaKart Technologies Private Limited (Zepto)
- Getir
- Flink
- Yemece.
- Quickcommerce Ltd. (Zapp)
- Delivery Hero
- Gopuff.
- Maplebear Inc. (Instacart)
- Zapp
- foodpanda
- Rappi
Market Trends
Several key trends are shaping the quick commerce market:
- Dark Stores: The emergence of “dark stores,” small, strategically located warehouses optimized for quick order fulfillment, is a key enabler of quick commerce.
- Hyperlocal Delivery: The focus on hyperlocal delivery, delivering goods within a small geographic radius, is crucial for ensuring rapid and efficient delivery.
- Integration with Existing Platforms: The integration of quick commerce services with existing e-commerce platforms and delivery networks is expanding market reach and enhancing customer experience.
- Focus on Sustainability: The increasing emphasis on sustainability is driving the development of eco-friendly delivery solutions, such as electric vehicles and optimized delivery routes.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Quick Commerce Market, Regional Outlook (Revenue – USD Billion, 2019-2032)
- North America
- Product Category Outlook
- Food & Groceries
- Stationary
- Personal Care Items
- Medicines
- Small Electronics & Accessories
- Clothing
- Household Products
- Others (Pets, alcohol, gifts & flowers)
- Payment Mode Outlook
- Cash on Delivery
- Online
- Technology Outlook
- Application Based Operation
- Website Based Operation
- Hybrid Operation
- Product Category Outlook
- Europe
- Product Category Outlook
- Food & Groceries
- Stationary
- Personal Care Items
- Medicines
- Small Electronics & Accessories
- Clothing
- Household Products
- Others (Pets, alcohol, gifts & flowers)
- Payment Mode Outlook
- Cash on Delivery
- Online
- Technology Outlook
- Application Based Operation
- Website Based Operation
- Hybrid Operation
- Product Category Outlook
The regional analysis section sheds light on the industry trends and Quick Commerce Market dynamics across different geographic regions. It examines all the major factors shaping the market behavior globally. These include economic conditions, regulatory frameworks, and cultural influences. Besides, the impact of consumer preferences on market growth has been examined in the report. Regional analysis helps stakeholders identify market opportunities and challenges at the regional level. Also, regional analysis enables businesses to devise strategies to capitalize on specific industry trends and conditions. Along with all the major regions, an in-depth analysis of all the major sub-regions has been provided in the study.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/quick-commerce-market
Recent Developments
Recent developments in the quick commerce market underscore the dynamic nature of this space:
- Getir’s Collaboration with Uber Eats: This partnership expands Getir’s reach and customer base by leveraging Uber Eats’ extensive delivery network, providing greater access to its instant grocery delivery services.
- Carrefour Polska’s Expansion with Glovo: Carrefour’s expansion of its collaboration with Glovo signifies the growing importance of strategic partnerships in expanding market share and reaching new customer segments.
Table of Contents:
4. Global Quick Commerce Market Insights
4.1. Quick Commerce Market – Technology Snapshot
4.2. Quick Commerce Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Mobile and E-commerce Growth
4.2.1.2. Changing Consumer Expectations
4.2.2. Restraints and Challenges
4.2.2.1. Operational Challenges
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Quick Commerce Market Technology Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Quick Commerce Market, by Product Category
5.1. Key Findings
5.2. Introduction
5.2.1. Global Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
5.3. Food & Groceries
5.3.1. Global Quick Commerce Market, by Food & Groceries, by Region, 2019-2032 (USD Billion)
5.4. Stationary
5.4.1. Global Quick Commerce Market, by Stationary, by Region, 2019-2032 (USD Billion)
5.5. Personal Care Items
5.5.1. Global Quick Commerce Market, by Personal Care Items, by Region, 2019-2032 (USD Billion)
5.6. Medicines
5.6.1. Global Quick Commerce Market, by Medicines, by Region, 2019-2032 (USD Billion)
5.7. Small Electronics & Accessories
5.7.1. Global Quick Commerce Market, by Small Electronics & Accessories, by Region, 2019-2032 (USD Billion)
5.8. Clothing
5.8.1. Global Quick Commerce Market, by Clothing, by Region, 2019-2032 (USD Billion)
5.9. Household Products
5.9.1. Global Quick Commerce Market, by Household Products, by Region, 2019-2032 (USD Billion)
5.10. Others (Pets, alcohol, gifts & flowers)
5.10.1. Global Quick Commerce Market, by Others (Pets, alcohol, gifts & flowers), by Region, 2019-2032 (USD Billion)
6. Global Quick Commerce Market, by Payment Mode
6.1. Key Findings
6.2. Introduction
6.2.1. Global Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
6.3. Cash on Delivery
6.3.1. Global Quick Commerce Market, by Cash on Delivery, by Region, 2019-2032 (USD Billion)
6.4. Online
6.4.1. Global Quick Commerce Market, by Online, by Region, 2019-2032 (USD Billion)
Conclusion
The quick commerce market is poised for continued rapid growth, driven by evolving consumer preferences, technological advancements, and the increasing demand for convenience. By adapting to these trends and leveraging innovative technologies, businesses can capitalize on the significant opportunities within this dynamic market.
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