Quick Commerce Market by Product Type, Purchase Frequency, Order Size, Payment Method, Delivery Speed, Customer Type

List of Tables

The Quick Commerce Market was valued at USD 295.40 billion in 2023, expected to reach USD 354.92 billion in 2024, and is projected to grow at a CAGR of 21.05%, to USD 1,125.44 billion by 2030.

Quick commerce, often referred to as "q-commerce," is a burgeoning sector within the retail industry, characterized by its delivery of consumer goods within a remarkably short time frame, usually under an hour. It builds on the foundation of e-commerce to meet growing consumer demands for convenience and speed. The necessity for quick commerce is driven by increasing urbanization, busy lifestyles, and the digital transformation of businesses, which make swift and instant gratification paramount. Its applications span across groceries, pharmaceuticals, food delivery, and everyday essentials, leveraging advancements in technology like AI, big data, and IoT for inventory management, route optimization, and customer interaction. End-users range from individual consumers seeking convenience to businesses requiring just-in-time supplies. Market insights reveal growth driven by digital penetration, increased smartphone usage, and techno-savvy consumer bases. The COVID-19 pandemic further accelerated demand, underscoring the shift to a digital-first mindset. However, expansion is not without challenges; high operational costs, logistical complexities, and stiff competition present hurdles. Furthermore, regulatory constraints and sustainability concerns over increased packaging waste pose significant challenges. Opportunities abound in expanding categories beyond traditional goods, such as subscription-based models or integrating advanced technologies like drones or autonomous vehicles for delivery. Innovation can focus on enhancing supply chain efficiencies, improving last-mile delivery through local partnerships, or developing more eco-friendly operational models. Market growth can also be influenced by expanding into untapped geographic markets with rising middle-class populations. Companies should explore collaborations with local retailers to broaden product offerings and gain a competitive edge. Despite challenges, the quick commerce market promises substantial growth potential, provided businesses can navigate logistical challenges and align with evolving consumer expectations and sustainability goals. Innovating with a focus on technology and operational efficiency will be key for long-term success.

KEY MARKET STATISTICS
Base Year [2023]	USD 295.40 billion
Estimated Year [2024]	USD 354.92 billion
Forecast Year [2030]	USD 1,125.44 billion
CAGR (%)	21.05%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Quick Commerce Market

The Quick Commerce Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising internet penetration and adoption of eCommerce platforms
- Growing expansion of quick commerce into new product categories
Market Restraints
- High cost associated with rapid delivery operations
Market Opportunities
- Emerging adoption of green and new-age logistics solutions
- Leveraging advanced data analytics and artificial intelligence
Market Challenges
- Maintaining high levels of service quality and consistency

Porter's Five Forces: A Strategic Tool for Navigating the Quick Commerce Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Quick Commerce Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Quick Commerce Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Quick Commerce Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Quick Commerce Market

A detailed market share analysis in the Quick Commerce Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Quick Commerce Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Quick Commerce Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Quick Commerce Market

A strategic analysis of the Quick Commerce Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Quick Commerce Market, highlighting leading vendors and their innovative profiles. These include Alibaba Group Holding Limited, Amazon.com, Inc., Big C Online, Delivery Hero SE, DHL Group, DoorDash, Inc., DTDC Express Ltd., Dunzo Digital Private Limited, FedEx Corporation, Foodpanda by ANI Technologies Pvt Ltd, GoPuff, Grab Holdings Limited, HappyFresh, Lalamove, MAKESEND, Shipdelight Logistics Technologies, Swiggy Limited, Target Brands, Inc., United Parcel Service of America, Inc., and Zomato Limited.

Market Segmentation & Coverage

This research report categorizes the Quick Commerce Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product Type, market is studied across Electronics, Fashion & Apparel, Groceries, and Health & Wellness. The Electronics is further studied across Mobile Devices, Smart Home Devices, and Wearable Tech. The Fashion & Apparel is further studied across Children's Wear, Men's Wear, and Women's Wear. The Groceries is further studied across Beverages, Fresh Produce, and Packaged Goods. The Health & Wellness is further studied across Fitness Equipment and Vitamins & Supplements.
Based on Purchase Frequency, market is studied across Frequent Buyers, One-Time Buyers, and Subscription-Based.
Based on Order Size, market is studied across Large Orders, Medium Orders, and Small Orders.
Based on Payment Method, market is studied across Cash on Delivery, Credit/Debit Card, and Digital Wallets.
Based on Delivery Speed, market is studied across Next-Day Delivery, Same-Day Delivery, and Standard Delivery.
Based on Customer Type, market is studied across Businesses and Individual Consumers. The Businesses is further studied across Large Enterprises, Medium Enterprises, and Small Enterprises. The Individual Consumers is further studied across Rural Residents and Urban Residents.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2B5802CFEC55

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising internet penetration and adoption of eCommerce platforms
  - 5.1.1.2. Growing expansion of quick commerce into new product categories
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with rapid delivery operations
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging adoption of green and new-age logistics solutions
  - 5.1.3.2. Leveraging advanced data analytics and artificial intelligence
- 5.1.4. Challenges
  - 5.1.4.1. Maintaining high levels of service quality and consistency
5.2. Market Segmentation Analysis
- 5.2.1. Customer Type: Rapid adoption of quick commerce by individual consumers for rapid delivery of essential supplies
- 5.2.2. Product Type: Higher adoption of quick commerce platforms for fresh groceries

5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Quick Commerce Market, by Product Type

6.1. Introduction
6.2. Electronics
- 6.2.1. Mobile Devices
- 6.2.2. Smart Home Devices
- 6.2.3. Wearable Tech
6.3. Fashion & Apparel
- 6.3.1. Children's Wear
- 6.3.2. Men's Wear
- 6.3.3. Women's Wear
6.4. Groceries
- 6.4.1. Beverages
- 6.4.2. Fresh Produce
- 6.4.3. Packaged Goods
6.5. Health & Wellness
- 6.5.1. Fitness Equipment
- 6.5.2. Vitamins & Supplements

7. Quick Commerce Market, by Purchase Frequency

7.1. Introduction
7.2. Frequent Buyers
7.3. One-Time Buyers
7.4. Subscription-Based

8. Quick Commerce Market, by Order Size

8.1. Introduction
8.2. Large Orders
8.3. Medium Orders
8.4. Small Orders

9. Quick Commerce Market, by Payment Method

9.1. Introduction
9.2. Cash on Delivery
9.3. Credit/Debit Card
9.4. Digital Wallets

10. Quick Commerce Market, by Delivery Speed

10.1. Introduction
10.2. Next-Day Delivery
10.3. Same-Day Delivery
10.4. Standard Delivery

11. Quick Commerce Market, by Customer Type

11.1. Introduction
11.2. Businesses
- 11.2.1. Large Enterprises
- 11.2.2. Medium Enterprises
- 11.2.3. Small Enterprises
11.3. Individual Consumers
- 11.3.1. Rural Residents
- 11.3.2. Urban Residents

12. Americas Quick Commerce Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Quick Commerce Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Quick Commerce Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Delivery Hero SE merges Foodora, Yemeksepeti, and Foodpanda
- 15.3.2. Foodpanda and Carlsberg collaborate to boost quick commerce with personalized campaigns
- 15.3.3. Reliance Retail's new quick commerce venture in Mumbai
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Alibaba Group Holding Limited
2. Amazon.com, Inc.
3. Big C Online
4. Delivery Hero SE
5. DHL Group
6. DoorDash, Inc.
7. DTDC Express Ltd.
8. Dunzo Digital Private Limited
9. FedEx Corporation
10. Foodpanda by ANI Technologies Pvt Ltd
11. GoPuff
12. Grab Holdings Limited
13. HappyFresh
14. Lalamove
15. MAKESEND
16. Shipdelight Logistics Technologies
17. Swiggy Limited
18. Target Brands, Inc.
19. United Parcel Service of America, Inc.
20. Zomato Limited