Global Quick Commerce Market Size, Share, Trends, Growth 2032

Global Quick Commerce market size was USD 2.84 billion in 2023 and the market is projected to touch USD 4.26 billion by 2032, at a CAGR of 5.2 % during the forecast period. The quick commerce can be referred to as Q-commerce, which involves speedy delivery of little orders, often within an hour or less, through online platforms. This sector has been on the rise because of the ever-increasing need for such services brought about by the lifestyle of busy individuals and desire for faster services. Quick commerce mainly targets daily products such as groceries, household items and personal care products. Urban retail has accepted quick commerce as one of its major importance because it brings about convenience and speed to its consumers with the development of mobile applications and e-commerce sites. In this sector, several companies employ small warehouses or "dark stores" positioned strategically in cities that help them meet customers' demands within the shortest time possible.

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Rising urban populace, technological progress and shifting consumer behaviour patterns are propelling global quick commerce industry's fast growth. Online shopping and delivery services have been increasingly accepted due to COVID-19 pandemic that pushed quick commerce to centre stage. The challenges faced by the sector include high operational costs among others, logistical complexities and the last-mile development. Significant opportunities for expansion exist particularly through increased application of artificial intelligence, drones as well as self-driving automobiles so as to enhance delivery efficiency.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, GCC Countries, and South Africa, among others.

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Global Quick Commerce Market dynamics

Many major factors drive global quick commerce market. Quick consumer preference as a result of increasingly hectic urban lifestyles is one of the most significant contributors. People can now easily obtain apps that provide such services due to rising smartphone penetration coupled with the fast spread of the internet. Besides, during Covid-19 pandemic, thousands chose to shop online instead as these platforms became more affordable compared to traditional ones. Last but not least increased spendable incomes and broadening e-commerce networks have gone a long way in supplementing this growth.

For instance, the aforementioned issues manifest themselves in high operational costs and logistics among other things. Quick deliveries need advanced systems but they are very costly to maintain. The inventory management at small storage units together with trading in delicate goods also add on the multi-dimensionality of this matter. Furthermore, the competition is rife as several players come into play thereby providing alike services. Even though there are these challenges to reckon with, technology can help overcome them through use of drones, automation and artificial intelligence which serve as avenues for improvement in business processes thus mitigating some problems or otherwise creating new businesses for them.

Global Quick Commerce Market drivers

Rising Consumer Demand for Convenience

Because the pace of life became accelerated and cities grew more urbanized there was also a requirement among consumers to have services that save time and bring instant satisfaction. In quick commerce, this demand is met as it provides fast delivery options for everyday essentials such as groceries, personal care items and household products. Due to the increasing popularity of time-saving solutions quick commerce has become an option of choice more so within urban areas where individuals lead very busy lives. Furthermore, with mobile apps making these services readily available enhances customer convenience hence boosting the market.

Impact of COVID-19 Pandemic

The lockdowns and social distancing measures during the pandemic meant people stayed at home therefore, this accelerated online shopping and delivery service adoption. When physical shops were shut down or curtailed their operations, quick commerce emerged as a vital service for delivering basic items. Lockdown relaxations after a while, online shopping habits picked up due to convenience among consumers who became used to having their goods brought right at their doorsteps. This saw a rise in quick commerce platform proliferation, thus contributing more to market growth brought about by the pandemic itself.

Restraints:
High Operational Costs

Infrastructure, especially for last-mile delivery solutions, demands a lot of money in quick commerce. The large operational costs come from maintaining a fleet of vehicles, managing small warehouses or dark stores and timely delivery. Elsewhere, delivery personnel, logistics management and handling perishable items further contribute to their escalating expenses. Such costs can hinder smaller players from making profits while restricting the expansion capacity of the business as well hence curbing market growth.

Logistical Complexities

The challenges associated with product delivery in a short period of time are quite arduous. For the business, this is made even more difficult by having to manage multiple drop-off points, coordinate inventory, and navigate through urban traffic within the limited deadline. Additionally, ensuring product availability and reducing stockouts at various fulfilment centres complicate things further. Consequently, such logistical obstacles can cause delays leading to inefficiencies in operation which negatively affect customer satisfaction and growth in the market.

Opportunities:
Expansion into New Markets

The present-day quick commerce does very well in denser metropolises, however there are promising prospects for growth by enlarging into towns and villages. The hike in internet connectivity and smartphone usage in such places is likely to trigger demand for speedy delivery services. By customizing their delivery systems to cater for the needs of communities in these areas, businesses stand a chance of accessing these unexploited territories this will help them boost their customer base as well as expand their market share.

Segment Overview
By Company Type, the quick commerce market is segmented into pureplay and non-pureplay companies. The organizations that are purely focused on offering quick commerce services are referred to as the pureplay companies and they include rapid delivery platforms which specialize in delivering products for an hour or less. Organizations such as Gopuff and Gorillas make use of dark stores or micro-warehouses located in urban areas in order to guarantee fast delivery times. On the other hand, non-pureplay enterprises are those big retail or e-commerce players who have embraced quick commerce into their existing business operations. For instance, Amazon and WalMart blend together their extensive logistics networks with their e-commerce prime option to provide quick delivery options, apart from other goods that they sell. Pureplay companies tend to be more flexible and concentrate specifically on ultra-fast shipping's while non -pureplay firms benefit from being at ease with consumers who have already used certain services along with economies of scale which all contribute differently to this general market scenery.

By Product Type, the market is segmented into personal care, fresh food, groceries, and others. Within the field that includes everyday consumption and need for immediate accessibility of perishables, fresh food like fruits because vegetables or rather dairy are among the fastest growing segments. Groceries cover a big part of this market since they are meant to satisfy basic consumer demands. In this instance instant order asks for personal care products which include toiletries, skincare and hygiene items.

Global Quick Commerce Market Overview by Region

Due to the extensive penetration of smartphones, robust e-commerce ecosystems and improved logistics networks, North America and Europe have emerged as the leading markets. In these regions, fast delivery services have been demanded because of urbanization and busy lifestyles thus, companies like Gopuff, Deliveroo or Amazon Prime have played a significant role. The rising middle-class population as well as increased internet access together with an increase in online shopping makes Asia-Pacific region particularly countries such as China and India to experience fast growth. The large population and high-density cities of this area demand fast commerce especially for groceries and fresh food items. In Latin America and Middle East & Africa, quick commerce is still an emerging market identified by increasing internet penetration rates coupled with changing consumer preferences. However, infrastructural challenges such as logistics and delivery systems limit faster growth within these regions. So then expanding e-commerce platforms together with advancements in delivery technologies are likely to spur future growth in these areas.

Global Quick Commerce market competitive landscape

Key players include pureplay companies like Gopuff, Gorillas, and Getir, which focus exclusively on rapid delivery services. Thus, smaller warehouses or dark stores are used by these companies to provide fast delivery, mainly in the cities. Conversely, non-pureplay multinational companies such as Amazon, Walmart and Uber Eats have integrated quick commerce into their larger e-commerce and logistics operations, leveraging on their established customer base and vast supply chain networks. The market displays high levels of competition where companies continuously innovate to improve speed of delivery, optimize the supply chain as well as enhance customer experience. Leading firms usually make partnerships, purchase other firms or invest in technology such as Artificial Intelligence (AI) and self-driving vehicle systems. Moreover, there are regional players who are performing well by customizing their services to satisfy specific market demands. While competition becomes steeper firms are concentrating on diversification of geography and product range so as to capture bigger fast commerce market share.

Global Quick Commerce Market Recent Developments

December 2023, Flipkart acquired by Walmart, who also ventured into rapid-commerce delivery services and commenced operations within 20 Indian cities.
October 2023, In Poland, Carrefour Polska has outlined plans to boost its partnership with Glovo. The corporation would provide its services in 69 additional places including Pszczyna, Tomaszów, Zgorzelec, and Mazowiecki.
May 2023, Getir has announced a partnership with Uber Eats to provide its instant grocery delivery service to Eats users in the UK.
February 2023, Zomato's fast commerce delivery service, launched Zomato Instant, has just been released. Its purpose is to give customers home-cooked meals at reasonable prices.

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