Global Qcommerce Market
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.
Sample Request @ https://www.blueweaveconsulting.com/report/quick-commerce-market/report-sample
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.
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 |
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Get Help
Related Report
Publish Date: November 2024
Rapid urbanization and changing consumer behavior and deepening smartphone penetration are expected to drive Global Quick Commerce (Qcommerce) Market at a robust growth rate during the forecast period between 2024 and 2030.
Relevant Press Releases
- Saudi Arabia Dishwasher Market Size Set to Expand at Steady CAGR of 4.8% to Reach USD 210.65 Million by 2030
- Malaysia Water Purifier Market Size Set to Grow at CAGR of 10% to Cross USD 755 Million by 2029
- Vietnam Apparel Market Size at Steady CAGR to Touch USD 8.4 Billion by 2030
- Saudi Arabia Air Conditioner Market is Forecast to Grow at a CAGR of 4.0% in the Forecast Period
- Middle East and Africa Kitchen Knives Market Size Set to Grow at Steady CAGR of 5.8% during 2023–2029