Press release
Hyperlocal Services Market is projected to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.
Various factors driving the growth of the Hyperlocal Service Market include growing urbanization, changing food habits, and proliferation of the smartphones. Furthermore, increasing working age population and busy lifestyle leads to increase the demand for home utility services such as appliance repair, house cleaning, lawn care, pest control, and plumbing, which in turn boost the demand for hyperlocal service quoteAccording to a new report published by Allied Market Research, titled, "Hyperlocal Service Market," The Hyperlocal Service Market Size was valued at $1,714.60 billion in 2020, and is estimated to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.
Hyperlocal service refer to order services and goods by consumers within limited or well-defined geographic location, from where seller delivers goods in minimum time period. Hyperlocal service includes online delivery of goods such as food, grocery, and online services including personal care and growing, house cleaning, plumbing and lawn care. These delivery services are ordered form local services providers in nearby places, which results in decrease in delivery time and cost.
Growing smartphone user base and internet accessibility is majorly driving the growth of the hyperlocal service market. The Hyperlocal Service Market is also being driven by changing lifestyle and willingness to adopt with technological changes. Furthermore, consumers are more including toward online purchasing owing to benefits associated such as time saving, discounts, and number of options to choose. Collectively, all these Hyperlocal Service Market Trends are favoring the growth of the market. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal service even in remote areas are expected to drive the market.
Request for sample :- https://www.alliedmarketresearch.com/request-sample/3849
According to the analysis of Hyperlocal Service Market Analysis, the market is segmented on the basis of type, nature, and region. By type, it is categorized into food ordering, grocery ordering, home utility service, logistic service providers, others. By nature, it is divided into goods delivery and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, Rest Of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of type, the food ordering segment was valued at $349.7 billion in 2020, and is projected to reach $1,178.2 billion by 2030, registering a CAGR of 16.1% from 2021 to 2030. This is majorly attributed to extensive promotion of the online food delivery platforms through discounts, referring awards, and TV and social media advertisements. Many companies are expanding their market share by applying various strategies such as merger, acquisitions, and partnership, which likely to boost the growth of the online food delivery market during the Hyperlocal Service Market Forecast period. For instance, Zomato, an Indian food delivery service company, acquired Indian penetration of Uber Eats for $350 million. This acquisition deal is expected to help Zomato to cover more than 50% of Hyperlocal Service Industry share in India.
On the basis of nature, the utility services segment was valued at $1000.6 billion in 2020, and is expected to reach $2,896.8 billion by 2030, registering a CAGR of 14.4% from 2021 to 2030. Utility services include home services, logistic services, and tuition services. For instance, home moving, plumbing, lawn care, appliance repair, house cleaning, roofing, fencing and electrical are some of the home services gaining huge demand from consumer end. Growing urbanization, busy lifestyle and increasing working age population leads to high demand for home utility services, whereas, increasing working population of women has triggered the utility services of Hyperlocal Service Market Growth . Furthermore, increased utility of smartphones and its user base is projected to offer lucrative Hyperlocal Service Market Opportunities for offline services providers to use online platforms to boost their business. On the basis of region
Get detailed COVID-19 impact analysis on the Hyperlocal Services Market Request Now ! https://www.alliedmarketresearch.com/request-for-customization/3849?reqfor=covid
Europe has gained significant market share in hyperlocal service in 2020 and is expected to continue its market holding during the forecast period. This was attributed to the presence of international brands in the region, and growing funding for the start-up business. Big giants in Europe have been consistently expanding their market share by acquiring hyperlocal service business, which further adds to the growth of the Europe hyperlocal service market.
In addition, Lockdown in Europe has been creating more demand for food and grocery delivery, which is expected to fuel the growth of the market. For instance, according to German based food delivery company, Delivery Hero SE, 92% online orders increased in the first quarter of lockdown, which is expected to intensify the growing demand for online food ordering services.
Key findings of the study
The hyperlocal service market was valued at $1714.6 billion in 2020, and is estimated to reach $5188.6 billion by 2030, growing at a CAGR of 14.9% during the forecast period.
By type, the grocery ordering segment is estimated to witness the fastest growth, registering a CAGR of 17.5% during the forecast period.
In 2020, by nature, the goods delivery segment was valued at $714.0 billion in 2020 and it accounted for 41.6% of the global Hyperlocal Service Market Share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,885.3 billion by 2030, growing at a CAGR of 13.7% during the forecast period.
Buy now :- https://www.alliedmarketresearch.com/checkout-final/7ea250052e18c6b4d17d5a2594df6767
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hyperlocal Services Market is projected to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030. here
News-ID: 2681545 • Views: …
More Releases from Allied market research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…

Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…

Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…

Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Hyperlocal
Leading Growth Driver in the Hyperlocal Services Market in 2025: E-Commerce Fund …
How Are the key drivers contributing to the expansion of the hyperlocal services market?
The surge in financing for e-commerce ventures played a major role in propelling the hyperlocal services market during the historical period. This rise is attributed to the fact that e-commerce platforms are increasingly embracing hyperlocal services, in a bid to expedite delivery of goods and services and curtail the time involved. As an illustration, the United States…
Primary Catalyst Driving Hyperlocal Delivery App Market Evolution in 2025: Growi …
What Is the Future Outlook for the Hyperlocal Delivery App Market's Size and Growth Rate?
The market size of hyperlocal delivery applications has witnessed massive expansion in the past few years. The current valuation of $2.09 billion in 2024 is projected to increase to $2.64 billion in 2025, showcasing a compound annual growth rate (CAGR) of 26.3%. The historical growth can be credited to factors like the surge in demand for…
Hyperlocal Food Delivery Market Analysis - Focus on Hyperlocal Food Delivery Com …
The Hyperlocal Food Delivery Market is a segment of the broader food delivery industry that focuses on delivering food from local restaurants and eateries to customers within a very localized or neighborhood-specific area. Unlike traditional food delivery services that cover larger geographic regions, hyperlocal food delivery platforms concentrate their services on a specific neighborhood or community, offering customers a convenient and quick way to access their favorite local cuisine.
Request…
PrestaShop Hyperlocal Marketplace & Mobile Apps
Having a traditional eCommerce store to sell products online isn’t going to provide huge benefits these days. The online store admin should prefer trying out new technologies and trends as per the changing landscape. All the PrestaShop eCommerce store owners can achieve easy growth and expansion with a full-fledged eCommerce marketplace and mobile apps (Android & iOS).
The Hyperlocal Marketplace can be used to allow local sellers to join and…
Gaius Launches Hyperlocal App
Chennai, Thursday, 18 December 2019: Gaius Hyperlocal Private Ltd. announced the launch of Gaius App for India and other emerging markets in Asia and Africa.
GAIUS aims to be the emerging markets largest online marketplace for hyperlocal communities to seamlessly create, interact and monetize through local content, services and offers. User generated content can be in any format- Texts, Images or Videos. Content can be seamlessly created using the apps easy…
Online Hyperlocal Services Market Illuminated By New Report
This report provides in-depth analysis of online hyperlocal services, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1202
Companies covered as a part of this study include Delivery Hero AG, Instacart, Uber Technologies, Rocket Internet SE, Ibibogroup (redBus, goibibo, and ryde), Airtasker, ANI Technologies, AskForTask, Laurel & Wolf, PriceGrabber.com, Swiggy,…