hyperlocal delivery app market place, hyperlocal delivery app market growth, hyperlocal delivery app market trends, hyperlocal delivery app market share, hyperlocal delivery app market size, hyperlocal delivery app market segmentation
What are the latest figures on the hyperlocal delivery app market’s size and projected CAGR?
The hyperlocal delivery app market size has grown exponentially in recent years. It will grow from $2.09 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. 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 $6.63 billion in 2029 at a compound annual growth rate (CAGR) of 25.9%. 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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What are the key forces behind the hyperlocal delivery app market’s growth in recent years?
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.
What are the major segments of the hyperlocal delivery app market?
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
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 companies dominate 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.
What major trends will shape the hyperlocal delivery app market during the forecast period?
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.
What are the key regional dynamics of the hyperlocal delivery app market, and which region leads in market share?
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.
What Does The Hyperlocal Delivery App Market Report 2025 Offer?
The hyperlocal delivery app market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A hyperlocal delivery app is an online tool designed to enable the efficient delivery of products and services within a small, localized area, streamlining the process of bringing items from nearby stores and businesses directly to customers’ locations. The main objective of a hyperlocal delivery app is to facilitate quick and convenient delivery services within a specific geographical area by connecting customers with nearby businesses, ensuring efficient order fulfillment.
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