Adoption of New Technologies, High Internet Penetration and the Impact of Covid-19 had driven Saudi Arabia Quick Commerce Market: Ken Research

Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future.

High Internet Penetration: Saudi Arabia has a high internet penetration with majority of the population is having an internet connection and most of them access the internet through their mobile phones which has become the prime factor for the growth of quick commerce market in Saudi Arabia. The high internet penetration rate has also led to the rise of digital technology which has transformed the delivery process and has reshaped the market. Instead of going to the grocery store, customers are now placing their orders via apps and websites and with this continued use of apps, this behavior has given an advantage to the consumers of Variety of brand options providing good discounts or cash backs and convenience.

Impact of Covid-19: The Covid-19 pandemics has dramatically shifted the consumer nature, forcing them to adopt the digital purchasing. In 2020, the country saw a sudden rise in the transaction volume done by debit cards because most of the people were using the quick commerce services. Furthermore, Sudden Lockdowns due to the pandemic has encouraged people to start accessing the online delivery platforms which led to the rise of Saudi Arabia quick commerce market, the online platforms also provide the convenience and the last mile delivery with great offers and discounts and not just people but vendors are also benefited from the quick commerce platforms like increased exposure, customer reach and greater online visibility.

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Adoption of New Technologies: The adoption of New Technologies like using the big data and artificial intelligence, couriers and retailers are able to pinpoint the perfect drive for each customer so that they can ensure the same day delivery using robots and drones. By implementing the drone delivery, companies are able to provide cost-effective solutions and can drive the last mile delivery. Companies are also leaning towards other technologies like GPS monitored robots, drones, inbuilt RFID, IoT Telematics that will be used for tracking Inventory. Furthermore, Simplified E-banking system and improved logistics are others technical factors which are responsible for the growth in quick commerce sector.

Analysts at Ken Research in their latest publication "Saudi Arabia Quick Commerce Market Outlook to 2026F - Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future" by Ken Research observed that Saudi Arabia Quick Commerce Market is in the growing phase. The Adoption of New Technologies, emerging new players, high internet penetration, balancing lifestyle, Government Initiatives and with the convenience of last mile delivery, are some of the factors that will contributed to the Saudi Arabia Quick Commerce market growth over the period of 2021P-2026F with a growth rate of CAGR ~17%.

Key Segments Covered: -
Saudi Arabia Quick Commerce Market:
By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:
B2B/B2C
C2C

By Region (By No of Orders), 2021 & 2026F:
Central (Riyadh, Qasim)
Western (Mecca, Medina, Jeddah)
Eastern (Dammam, Khafji, Alhasa)
Southern (Asir, Najran, Jizan)
Northern (Ha'il, Tabuk, Jouf)

By On-Demand Segment (By No of Orders), 2021 & 2026F:
On-Demand Food Delivery
On-Demand Last mile Logistics
On-Demand Grocery

Saudi Arabia On-Demand Grocery Delivery Market:
By Region (By No of Orders), 2021 & 2026F:
Central (Riyadh, Qasim)
Western (Mecca, Medina, Jeddah)
Eastern (Dammam, Khafji, Alhasa)
Southern (Asir, Najran, Jizan)
Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
Under 30 Minutes
30 to 45 Minutes
45 Minutes to 60 Minutes

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By Product Category (By No of Orders), 2021 & 2026F:
Grocery
Bakery, Snack & Sweets
Home Essentials, Gift & Pet
Health & Wellness
Other Items (Baby & mom Needs, Gadgets, Toys, Stationery etc)

By Gender (By No of Orders), 2021 & 2026F:
Male
Female

By Age Group (By No of Orders), 2021 & 2026F:
18-24
25-34
35-44
45 Above

By Frequency of Ordering (By No of Orders), 2021:
Everyday
2-3 times a week
Once a week
1-2 times a month
Once every 6 months
Once in a year or less

Saudi Arabia On-Demand Food Delivery Market:
By Region (By No of Orders), 2021 & 2026F:
Central (Riyadh, Qasim)
Western (Mecca, Medina, Jeddah)
Eastern (Dammam, Khafji, Alhasa)
Southern (Asir, Najran, Jizan)
Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
Under 30 Minutes
30 to 45 Minutes
45 Minutes to 60 Minutes

By Gender (By No of Orders), 2021 & 2026F:
Male
Female

By Age Group (By No of Orders), 2021 & 2026F:
18-24
25-34
35-44
45 Above

By Average Order Value (By No of Orders), 2021 :
200 SAR

By Cuisine Type (By No of Orders), 2021 & 2026F:
Fast Food
Traditional
Asian
Others (Mediterranean, Lebanese, Latin American Food)

By Frequency of Ordering (By No of Orders), 2021:
Everyday
2-3 times a week
Once a week
1-2 times a month
Once every 6 months
Once in a year or less

Saudi Arabia On-Demand Grocery Delivery Market:
By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:
B2B/B2C
C2C

By Region (By No of Orders), 2021 & 2026F:
Central (Riyadh, Qasim)
Western (Mecca, Medina, Jeddah)
Eastern (Dammam, Khafji, Alhasa)
Southern (Asir, Najran, Jizan)
Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
Under 30 Minutes
30 to 45 Minutes
45 Minutes to 60 Minutes

By B2C End User (By No of Orders), 2021 & 2026F:
Food Delivery
Supermarts & Conveyance Stores
Furniture & Home Essentials Stores
Medical Store Deliveries
Others (Pet Supplies, Flowers & Gift Shops, Bakery Stores, Stationery etc.)

Key Target Audience
Quick Commerce Players
Ecommerce Companies
E-grocery Companies
Logistics Companies
Cold Chain Companies
Investors & Venture Capitalists

Time Period Captured in the Report:
Historical Period: 2018-2020
Base Year: 2021
Forecast Period: 2022 - 2026F

Companies Covered:
On-Demand Grocery Delivery
Hungerstation
Nana

On Demand Food Delivery
Hungerstation
Jahez
The Chefz
Careem
ToYou

On-Demand Last mile Logistics Delivery
Mrsool
Shgardi

Key Topics Covered in the Report:
Executive Summary of Saudi Arabia Quick Commerce Market
Saudi Arabia Country Overview
Digital Economy in Saudi Arabia
Saudi Arabia Quick Commerce Market Overview and Genesis
Ecosystem of major entities in Saudi Arabia Quick Commerce Market
Genesis of Saudi Arabian Quick Commerce Market
E-Commerce vs Quick Commerce
Saudi Arabia Quick Commerce Market Size
Saudi Arabia Quick Commerce Market Segmentation by Segments, 2021 (Food delivery, Grocery delivery, Last-mile logistics)
Saudi Arabia On-Demand Grocery Delivery Market
Ecosystem of the Grocery Delivery Market in Saudi Arabia
Drivers and Challenges in Saudi Arabia On-Demand Grocery Delivery Market
Business Model(s) followed by On-Demand Grocery Delivery Platforms
On-Demand Grocery Platforms Revenue Model
Growth Journey of major on-demand grocery delivery players in Saudi Arabia
Cross comparison of major on-demand grocery delivery players in Saudi Arabia
Saudi Arabia On-Demand Food Delivery Market
Ecosystem of the Food Delivery Market in Saudi Arabia
Customer Journey of on demand food order
Cloud Kitchen as a new emerging vertical
Economics of Food Delivery Order
Different types of Food Delivery Business Models
Inventory Business Model
Market Sizing Analysis of Saudi Arabia On-Demand Food Delivery Market
Competition Analysis: Market Share of major On-Demand Food Delivery Players, 2021
Growth Journey of major on-demand Food delivery players in Saudi Arabia
Cross comparison of major on-demand Food delivery players in Saudi Arabia
Saudi Arabia On-Demand Last Mile Logistics Market
Ecosystem of the Last Mile Logistics Market in Saudi Arabia
Business Cycle and Genesis of Saudi Arabia On Demand Last Mile Logistics Market
Revenue Model of Saudi Arabia Last Mile Delivery Market
Market Sizing Analysis of Saudi Arabia On-Demand Last Mile Logistics Market (GMV and number of orders)
Competition Analysis: Market Share of major On-Demand Last Mile Logistics Players, 2021
End User Analysis of Saudi Arabia Quick Commerce Market
Consumer needs: Quick Commerce Market
Factors affecting purchase decision of Saudi Consumers: Quick Commerce
Industry Analysis of Saudi Arabia Quick Commerce Market
SWOT Analysis of Saudi Arabia Quick Commerce Market
Technological trends in Saudi Arabia Quick Commerce Market
Key Challenges in Saudi Arabia Quick Commerce Market
Competition Framework of Saudi Arabia Quick Commerce Market
PEAK Matrix Assessment of Saudi Arabia Quick Commerce Market
Market Share of Saudi Arabia Quick Commerce Market major players
Impact of Covid-19 on Saudi Arabia Quick Commerce Market
Future Outlook of Saudi Arabia Quick Commerce Market
Market Opportunity
Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/saudi-arabia-quick-commerce-market-outlook-to-2026/596149-95.html

Related Reports by Ken Research: -

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/india-quick-commerce-market-outlook-to-2027/561418-95.html

https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/ksa-online-grocery-delivery-market-outlook/347120-95.html

Ken Research Pvt. Ltd.

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.