The hyperlocal delivery app global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hyperlocal Delivery App Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hyperlocal delivery app market size has grown exponentially in recent years. It will grow from $1.66 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to rising demand for hyperlocal delivery apps, rapid urbanization across various regions, localized marketing and personalization, increasing number of smartphone users, and increasing number of people who are ordering food online.
The hyperlocal delivery app market size is expected to see exponential growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to Increasing investments, growing E-commerce ecosystem, ensure fast delivery, changing lifestyle and food habits, and busy lifestyles, increasing smartphone penetration. Major trends in the forecast period include adoption of digital logistics tools, growing popularity of Q-business, increasing smartphone penetration, introduction of product standardization, and digital transformation.
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Scope Of Hyperlocal Delivery App Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hyperlocal Delivery App Market Overview
Market Drivers –
The growing E-commerce ecosystem is expected to propel the growth of the hyperlocal delivery app market going forward. The e-commerce ecosystem refers to the complex and dynamic network of interconnected entities, processes, and technologies that enable online commercial activities. The growing e-commerce ecosystem is attributed to increasing internet penetration, the proliferation of smartphones, advancements in logistics and supply chain management, a shift in consumer purchasing behavior towards online shopping, and the convenience of digital payment options. Hyperlocal delivery apps enhance the e-commerce ecosystem by providing fast and efficient last-mile delivery services, improving customer satisfaction, reducing delivery costs, and supporting local businesses by expanding their reach. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, the U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, a 2.1% increase (±0.7%) from the fourth quarter of 2023. Therefore, the growing E-commerce ecosystem is driving the hyperlocal delivery app market.
Market Trends –
Major companies operating in the hyperlocal delivery app market are developing innovative solutions such as route optimization algorithms to enhance delivery efficiency, reduce fuel consumption, minimize delivery times, and improve operational cost-effectiveness. Route optimization algorithms analyze multiple variables such as delivery addresses, traffic conditions, vehicle capacities, delivery time windows, and road networks to determine the most efficient routes for delivery personnel. For instance, in April 2022, LocoNav, a US-based technology company providing fleet management solutions, launched an innovative route optimization feature to enhance fleet efficiency. This tool helps fleet managers find the most efficient routes by considering real-time traffic and weather conditions, thus reducing fuel and operational costs. It also improves fleet visibility, increases the number of trips per vehicle, and boosts customer satisfaction by ensuring faster deliveries.
The hyperlocal delivery app market 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
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Regional Insights –
North America was the largest region in the hyperlocal delivery app market in 2023. The regions covered in the hyperlocal delivery app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.</b>
Table of Contents
- Executive Summary
- Hyperlocal Delivery App Market Characteristics
- Hyperlocal Delivery App Market Trends And Strategies
- Hyperlocal Delivery App Market – Macro Economic Scenario
- Global Hyperlocal Delivery App Market Size and Growth
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- Key Mergers And Acquisitions In The Hyperlocal Delivery App Market
- Hyperlocal Delivery App Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hyperlocal Delivery App Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hyperlocal Delivery App Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hyperlocal Delivery App Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Uber Technologies Inc. Financial Performance
Table 75: Delivery Hero SE Financial Performance
Table 76: DoorDash Inc Financial Performance
Table 77: Just Eat Takeaway.com Financial Performance
Table 78: Glovo Financial Performance
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