Quick Commerce Market Predicted to Reach USD 310.46 Billion by 2030 | Glovo, Getir, JOKR, Flink, Gorillas

The latest report by Congruence Market Insights, titled 'Global Quick Commerce Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 - 2030,' provides a thorough analysis of the global quick commerce market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new service launches or expansions, as well as the influence of external factors such as technological advancements and regulatory changes on the quick commerce market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving quick commerce industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global quick commerce market is anticipated to reach a value of USD 310.46 Billion by 2030, expanding at a CAGR of 21.5% between 2023 and 2030. The quick commerce market has been experiencing significant growth due to shifting consumer preferences towards convenience, increasing smartphone penetration, and the rapid adoption of digital platforms for purchasing daily essentials. Key drivers include the rising demand for on-demand delivery services, the expansion of urban populations, and the increasing preference for same-day delivery options. Opportunities lie in leveraging data analytics for optimizing delivery routes and enhancing customer experiences, while challenges include ensuring timely delivery, managing inventory efficiently, and maintaining service quality amidst intense competition.

How does AI impact the global Quick Commerce market?

AI impacts the global quick commerce market by enabling efficient order management, optimizing delivery routes, and enhancing customer experiences. AI-driven algorithms analyze vast amounts of data to predict consumer preferences, allowing quick commerce platforms to personalize product recommendations and promotions. Machine learning algorithms optimize delivery routes based on real-time traffic conditions and customer preferences, minimizing delivery times and operational costs. Natural language processing (NLP) technologies power virtual assistants and chatbots, facilitating seamless customer interactions and order tracking. While AI streamlines operations and improves efficiency, challenges include data privacy concerns, algorithm bias, and the need for continuous technological upgrades to remain competitive in the fast-paced quick commerce market.

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Scope of the Report:

► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles

Quick Commerce Market Size and Forecast:

The report will comprehensively detail the quick commerce market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from quick commerce services, and provide insights into the volume of orders processed. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

The Asia Pacific region holds the largest market share in the global quick commerce market, driven by factors such as the rapid urbanization of major cities, the increasing adoption of smartphones, and the growing demand for convenience among consumers. With the emergence of densely populated urban areas and the rising disposable income of the middle-class population, the Asia Pacific region presents significant opportunities for quick commerce players to expand their operations and capitalize on the burgeoning demand for on-demand delivery services. Additionally, other regions such as North America and Europe also offer substantial growth opportunities, fueled by the increasing preference for same-day delivery options and the rising popularity of online grocery shopping.

Competition Landscape

The global quick commerce market is highly competitive, characterized by the presence of both established players and emerging startups striving to gain market share. Key competitors focus on expanding their service offerings, enhancing delivery efficiency, and forming strategic partnerships with local retailers and restaurants to broaden their customer base. The competition landscape is shaped by a blend of dedicated quick commerce players, traditional retailers turned quick commerce players, and restaurant chains turned quick commerce players, all vying for consumer attention and market share in this rapidly evolving segment.

>> Glovo
>> Getir
>> JOKR
>> Flink
>> Gorillas
>> GoPuff
>> Zapp
>> Rappi
>> Wolt
>> DoorDash

Comprehensive Market Segmentation:

∆ By Business Model (Dedicated Quick Commerce Players, Traditional Retailers Turned Quick Commerce Players, and Restaurant Chains Turned Quick Commerce Players)
∆ By Product Type (Groceries, Prepared Meals, Pharmaceuticals, and Others)
∆ By Delivery Time (Within an Hour, Same Day Delivery, and Next Day Delivery)

Market Segmentation by Geography including:

∆ North America: U.S., Canada and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Quick Commerce Market?
► Who are the prominent players in the Global Quick Commerce Market?
► What is the consumer perspective in the Global Quick Commerce Market?
► What are the key demand-side and supply-side trends in the Global Quick Commerce Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated, and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Quick Commerce Market?

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Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as aerospace and defense, agriculture, building and construction, food and beverages, automotive, chemicals and materials, healthcare and pharmaceuticals covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.

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