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Global Qcommerce Market

Home Press Release Global Quick Commerce (Qcommerce) Market Zooming 8X to Cross USD 293 Billion by 2030

Global Quick Commerce (Qcommerce) Market Zooming 8X to Cross USD 293 Billion by 2030

Published | 14 November 2024

Global Quick Commerce (Qcommerce) Market is booming primarily due to the rapid urbanization, evolving consumer preferences, and widespread smartphone adoption across the regions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Quick Commerce (Qcommerce) Market size by value at USD 35.87 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Quick Commerce (Qcommerce) Market size to expand at a CAGR of 35.03% reaching a value of USD 293.56 billion by 2030. The Quick Commerce (Qcommerce) Market across the regions is propelled by the convergence of urbanization, rising disposable incomes, and the digital revolution. Consumers' increasing demand for rapid delivery of essentials, coupled with the rise of on-demand services, is driving the market. While operational costs pose challenges, technological advancements and logistics investments mitigate these risks. The COVID-19 pandemic accelerated the adoption of online shopping, and this trend is expected to continue, further bolstering the growth of India Quick Commerce (Qcommerce) Market in the coming years.

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North America Leads Global Quick Commerce Market

The widespread adoption of smartphones and mobile apps empowers North American consumers to effortlessly access and place orders on Qcommerce platforms, which offer seamless and convenient shopping experiences. For instance, DoorDash's launch of DashMart in March 2022, a rapid delivery service delivering groceries in under 15 minutes in New York City, underscores the region's growing QCommerce presence. The rapid adoption of Qcommerce is driven by the swift delivery of a diverse range of products, including consumables, electronics, and personal care items. Companies are strategically focusing on densely populated areas and prioritizing customer experience through features like real-time tracking, on-time deliveries, and responsive support, further accelerating market growth.

Impact of Escalating Geopolitical Tensions on Global Quick Commerce (Qcommerce) Market

Intensifying geopolitical tensions, such as Russia-Ukraine War and increasing conflicts in the Middle East, could have a multifaceted impact on Global Quick Commerce (Qcommerce) Market. Disruptions in supply chains, increased logistics costs, and trade restrictions could adversely affect the ability of Qcommerce service providers to deliver goods on time and at competitive prices.

Competitive Landscape

Global Quick Commerce (Qcommerce) Market is highly fragmented, with numerous players serving the market. The key players dominating Global Quick Commerce (Qcommerce) Market include Swiggy, DoorDash, Dunzo, Blink Commerce Private Limited (Blinkit), Instacart, Supermarket Grocery Supplies Pvt Ltd (Big Basket), Uber, KiranaKart Technologies Private Limited (Zepto), Getir, Zapp, foodpanda, and Rappi. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of Global Quick Commerce (Qcommerce) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Quick Commerce (Qcommerce) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Quick Commerce (Qcommerce) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

North America (United States, Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Belgium, Russia, The Netherlands, Rest of Europe); Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, Peru, Rest of Latin America); Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of Middle East & Africa)

Product/ Service Segmentation

Product Category, Delivery Time, Region

Key Players

Swiggy, DoorDash, Dunzo, Blink Commerce Private Limited (Blinkit), Instacart, Supermarket Grocery Supplies Pvt Ltd (Big Basket), Uber, KiranaKart Technologies Private Limited (Zepto), Getir, Zapp, foodpanda, Rappi

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