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Growing E-commerce Ecosystem To Drive Hyperlocal Delivery App Market Expansion Emerges as a Core Driver of the Hyperlocal Delivery App Market in 2025
Hyperlocal Delivery App
What Is the Expected CAGR for the Hyperlocal Delivery App Market Through 2025?
In the past few years, there has been a substantial expansion in the hyperlocal delivery app market. This market is expected to surge from $2.09 billion in 2024 to $2.61 billion in 2025, showing a compound annual growth rate (CAGR) of 24.9%. The significant growth during the historic phase can be credited to factors such as higher demand for hyperlocal delivery apps, fast-paced urbanization in diverse regions, targeted marketing and customization, a surge in smartphone users, and a spike in the number of individuals ordering food online.
What's the Projected Size of the Global Hyperlocal Delivery App Market by 2029?
Expectations are high for the hyperlocal delivery app market size to witness unprecedented growth in the upcoming years, aiming to reach a whopping $6.09 billion in 2029, growing at a compound annual growth rate (CAGR) of 23.6%. The predicted growth during this forecast period is linked to factors such as increased investments, the expansion of the E-commerce sector, fast delivery guarantees, shifts in lifestyle and food consumption patterns, and the prevalence of time-poor lifestyles heightened by increasing smartphone usage. Key trends expected during this forecast period comprise the uptake of digital logistics tools, the rising prevalence of Q-business, an increase in smartphone usage, the implementation of product standardization, and a shift towards digital transformation.
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Top Growth Drivers in the Hyperlocal Delivery App Industry: What's Accelerating the Market?
The expansion of the E-commerce sector is set to boost the development of the hyperlocal delivery app market. When referring to the e-commerce ecosystem, it encompasses the intricate and ever-changing web of related bodies, operations, and technological advancements facilitating online trade. Factors such as the surge in internet use, widespread availability of smartphones, advancements in logistics and supply chain management, the shift in customer buying habits to favor online shopping, and the ease of digital payments contribute to the growth of this ecosystem. Hyperlocal delivery apps add significant value to the e-commerce landscape by offering efficient and speedy last-mile delivery services, enhancing customer gratification, reducing delivery expenses, and aiding local businesses in broadening their clientele. For example, as per the United States Census Bureau, a government body in the U.S., retail e-commerce sales in the U.S. for the first quarter of 2024 touched the $289.2 billion mark, recording a 2.1% increase (±0.7%) from the last quarter of 2023. Consequently, this escalating E-commerce ecosystem serves as a catalyst for the hyperlocal delivery app market growth.
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What Trends Will Shape the Hyperlocal Delivery App Market Through 2029 and Beyond?
Key players in the hyperlocal delivery app market are innovating with solutions like route optimization algorithms to boost delivery performance, conserve fuel, lower delivery times, and augment cost-effectiveness in operations. These algorithms evaluate an array of factors such as destination addresses, traffic circumstances, vehicle capacities, delivery timeframes, and road systems to derive the most productive delivery routes. For example, LocoNav, a U.S. tech firm that offers fleet management solutions, rolled out a breakthrough route optimization feature in April 2022 for augmenting fleet productivity. This feature enables fleet managers to identify the most productive routes factoring in real-time traffic and weather updates, consequently reducing fuel and operational expenditure. In addition, it enhances fleet transparency, increases trip per vehicle count, and raises customer satisfaction by facilitating quicker deliveries.
What Are the Main Segments in the Hyperlocal Delivery App Market?
The hyperlocal delivery appmarket covered in this report is segmented -
1) By Type: Web-Based Hyperlocal Delivery Apps, Mobile-Based Hyperlocal Delivery Apps, Other Types
2) By Industry: Retail And Consumer Packaged Goods (CPG), Medical And Healthcare, Food And Beverages, Courier Express And Parcel, Other Industries
3) By Application: Banking, Financial Services and Insurance (BFSI), Government, Information Technology (IT) And Telecommunication (Telecom), Healthcare, Energy And Utilities, Manufacturing, Other Applications
Subsegments:
1) By Web-Based Hyperlocal Delivery Apps: E-Commerce Delivery Platforms, Grocery Delivery Platforms, Food Delivery Platforms
2) By Mobile-Based Hyperlocal Delivery Apps: On-Demand Delivery Apps (Food, Groceries), Courier And Parcel Delivery Apps, Pharmacy And Healthcare Delivery Apps
3) By Other Types: Sms-Based Delivery Apps, Chatbot-Based Delivery Services
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Which Top Companies are Driving Growth in the Hyperlocal Delivery App Market?
Major companies operating in the hyperlocal delivery app market are Uber Technologies Inc., Delivery Hero SE, DoorDash Inc, Just Eat Takeaway.com, Glovo, Instacart, Deliveroo, Swiggy, Zomato Ltd., Grubhub, Zepto, Jungleworks, Postmates Inc., GoBrands Inc, DUNZO, FarEye Technologies Inc., Skedulo Holdings Inc., Bringg, Favor Delivery, Shipstation, LogiNext Solutions, Blink Commerce Private Limited, Clickpost, Rappi Inc., Stamps.com Inc.
Which Regions Will Dominate the Hyperlocal Delivery App Market Through 2029?
North America was the largest region in the hyperlocal delivery app market in 2024. The regions covered in the hyperlocal delivery app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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