Online Hyperlocal Services Market Cost Profit Analysis of Delivery Hero, Instacart, Uber Technologies, Rocket Internet SE, Airtasker, AskForTask, Laurel & Wolf, PriceGrabber.com, Swiggy, and Taskbob

The online hyperlocal services market is projected to witness exponential growth exhibiting a CAGR of 32.6% by 2025. Online hyperlocal services aid in offering products and services to individuals and corporate consumers within a specified geographical location, with the help of online websites or smartphone applications and GPS technology. Delivery of products and facilities at the doorstep at the required time and affordable costs has led to significant increase in consumer inclination towards using these services.

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Moreover, online availability of ordering from preferred restaurants, groceries from supermarkets and hypermarkets, logistic services, home utility services that include carpentry, plumbing, laundry, electronic and electric repairing, and home tutors, from these Internet enabled applications is expected to attract more customers and drive growth of the market over the forecast period.

Among end use, individual consumers accounted for the largest segment in the global online hyperlocal services market in 2016, and is expected to dominate the market over the forecast period. Advantages that include ease of access to the portfolio and specifications at any required time and day, and secure payment methods are expected to be the prominent factors influencing the segment growth.

Among services, food ordering segment was dominant, in terms of value share in 2016. Low initial investments for participating in the business, considerable profit margins in the food businesses, and establishing partnerships with the local restaurants and hotels is expected to be among the prominent factors influencing growth of this segment.

Owing to these factors, the number of new entrants are relatively high in the food space and have led to significant growth of the segment in the recent past. According to Inc42 Hyperlocal Market report 2016 a India-based media and information platform — around 26% of the total investments raised by start-ups in the timeframe of 2011–2016, which was over US$ 1 billion, were invested in the Indian food hyperlocal space. Some of the major players in the global food ordering segment are Delivery Hero, ANI Technologies, Swiggy, Just Eat, Infoedge, and Burrp

According to Coherent Market Insights’ analysis, Asia Pacific is expected to witness highest growth over the forecast period, owing to large population base, increasing tech-savvy population in the region and improving infrastructure for providing better Internet services. Major emerging economies in the region include China, India, Indonesia, Thailand, Malaysia, and few other ASEAN countries that are expected to present strong growth prospects

Market is characterized by intensive competition owing to large number of players competing for gaining substantial industry foothold and marginal gains to remain competitive. Some of the major players in the global online hyperlocal services market include Delivery Hero AG, Instacart, Uber Technologies, Rocket Internet SE, Ibibogroup (redBus, goibibo, and ryde), Airtasker, ANI Technologies, AskForTask, Laurel & Wolf, PriceGrabber.com, Swiggy, and Taskbob.

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Detailed Segmentation of this report:

Global Online Hyperlocal Services Market, By End Use:
• Individual Users
• Commercial Users

Global Online Hyperlocal Services Market, By Service:
• Food Ordering
• Grocery Ordering
• Home Utility Service
• Logistics Service Providers
• Others

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This release was published on openPR.