Quick Commerce Market Size & Share, By Product Category (Clothing, Stationary), Payment Mode (Cash On Delivery, Online), Technology, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Quick Commerce Market was over USD 81.29 Billion in 2023 and is likely to surpass USD 372.5 Billion by end of the year 2032, observing around 22.6% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 81.29 Billion
• CAGR (2024-2032): 22.6%
• Forecast Year Value (2032): USD 372.5 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the Quick Commerce market is the increasing demand for fast and convenient delivery services among consumers. With the rise of e-commerce and online shopping, customers are now expecting their orders to be delivered quickly and efficiently. Quick Commerce companies that are able to provide same-day or even instant delivery services are gaining a competitive edge in the market.

Another key growth driver for the Quick Commerce market is the advancement of technology and infrastructure. With the development of advanced logistics solutions, such as route optimization algorithms and drone delivery systems, Quick Commerce companies are able to streamline their operations and improve delivery efficiency. This allows them to serve more customers in a shorter amount of time, leading to increased market penetration and revenue growth.

Moreover, the growing trend of urbanization and changing consumer lifestyles is also driving the growth of Quick Commerce market. As more people move to cities and lead busy lives, the demand for on-demand delivery services is expected to rise. Quick Commerce companies that can cater to the needs of urban consumers by offering fast and reliable delivery options are likely to see continued growth and success in the market.

Report Scope

Report Coverage	Details
Segments Covered	Product Category, Payment Mode, Technology
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Swiggy, Dunzo, Blink Commerce Private Limited, Supermarket Grocery Supplies Pvt, KiranaKart Technologies Private Limited, Getir, Flink, Yemece, Quickcommerce.(Zapp), Delivery Hero, Gopuff, Maplebear(Instacart), Zapp, foodpanda, Rappi

Industry Restraints:

On the other hand, one major restraint for the Quick Commerce market is the intense competition among players. As the market becomes more saturated with new entrants, existing Quick Commerce companies are facing pricing pressures and the need to differentiate themselves from competitors. This can result in lower profit margins and challenges in retaining customers.

Another key restraint for the Quick Commerce market is the regulatory environment. As delivery services become more prevalent, governments are increasingly implementing regulations and standards to ensure the safety and quality of deliveries. Quick Commerce companies that fail to comply with these regulations may face fines and penalties, as well as damage to their reputation. Adapting to and navigating through the evolving regulatory landscape is a significant challenge for players in the Quick Commerce market.

Regional Forecast:

North America:

The Quick Commerce market in North America, specifically in the United States and Canada, is experiencing rapid growth due to the increasing demand for convenience and on-demand delivery services. Major players like DoorDash, Uber Eats, and Instacart are dominating the market, offering a wide range of products delivered to customers' doorsteps in record time. The market is highly competitive, with new players entering the space regularly, driving innovation and differentiation in services offered.

Asia Pacific:

In Asia Pacific, Quick Commerce is thriving in countries like China, Japan, and South Korea. These markets have fully embraced the convenience of on-demand delivery services, with companies like Meituan in China and Rakuten in Japan leading the way. The market in this region is heavily influenced by mobile technology and digital payment systems, making it easy for customers to order and pay for products with just a few taps on their smartphones. The competition is fierce, leading to a constant race for faster delivery times and improved customer experiences.

Europe:

The Quick Commerce market in Europe, particularly in the United Kingdom, Germany, and France, is also experiencing significant growth. Companies like Deliveroo, Just Eat, and Glovo are popular choices for customers looking for quick and convenient delivery of food and groceries. These markets are known for their high customer expectations when it comes to delivery times and service quality, pushing companies to constantly improve their operations and offerings. The regulatory environment in Europe also plays a significant role in shaping the Quick Commerce market, with strict rules around data privacy and labor practices impacting how companies operate in the region.

Segmentation Analysis:

In terms of segmentation, the global quick commerce market is analyzed on the basis of Product Category, Payment Mode, Technology.

Quick Commerce Market Size & Share

Clothing Category:

In the Quick Commerce market, the clothing segment holds a significant share due to the increasing trend of online shopping for apparel. Consumers are opting for quick delivery options for their clothing purchases, resulting in the growth of this segment. With the convenience of selecting and purchasing clothes from the comfort of their homes, the market size for clothing in Quick Commerce is expected to expand further in the coming years.

Stationary Category:

The stationary category in Quick Commerce is also witnessing growth as more consumers are turning to online platforms for purchasing office and school supplies. The ease of shopping for stationary items and the quick delivery options offered by Quick Commerce platforms have contributed to the increasing market size of this segment. With the demand for stationary products continuing to rise, the stationary category is becoming a key player in the Quick Commerce market.

Payment Mode:

In terms of payment modes, Cash On Delivery (COD) remains a popular choice among consumers in the Quick Commerce market. The cash-based payment option provides a sense of security for buyers, especially for first-time users of Quick Commerce platforms. However, online payment modes are also gaining traction as consumers are becoming more familiar with digital transactions. As Quick Commerce platforms enhance their payment security features, online payment modes are expected to see a steady increase in market share.

Technology:

Technology plays a crucial role in the Quick Commerce market, driving the efficiency and effectiveness of delivery services. With the use of advanced algorithms and machine learning, Quick Commerce platforms are able to optimize delivery routes and reduce delivery times. In addition, the integration of GPS tracking allows consumers to track their orders in real-time, enhancing the overall shopping experience. As technology continues to evolve, Quick Commerce platforms will innovate to stay ahead of the competition and meet the growing demands of consumers.

Competitive Landscape:

The Quick Commerce market is rapidly evolving and highly competitive as more and more companies enter the space to meet the increasing demand for fast and convenient delivery services. With consumers seeking instant gratification and seamless shopping experiences, companies are constantly innovating to stay ahead of the competition. Some of the key factors driving this competition include delivery speeds, customer service, product variety, and technological advancements such as AI and automation.

Top Market Players:

1. Getir (Turkey)

2. Gorillas (Germany)

3. JOKR (United States)

4. Zapp (United Kingdom)

5. Dija (United Kingdom)

6. Flink (Germany)

7. Cajoo (France)

8. Glovo (Spain)

9. Weezy (United Kingdom)

10. GoPuff (United States)

These companies are leading the Quick Commerce market by offering fast, on-demand delivery of a wide range of products to customers in various regions around the world. Their focus on efficiency, quality, and customer satisfaction sets them apart in this competitive landscape.