Retail Delivery - Eastern Asia

Eastern Asia

Highlights

The Reail Delivery market in Eastern Asia is poised to achieve impressive revenue growth, with projections estimating it to reach a staggering US$227.50bn in 2024.
This is expected to be driven by an annual growth rate (CAGR 2024-2028) of 11.81%, resulting in a projected market volume of US$355.60bn by 2028.
Furthermore, the number of users in Eastern Asia's Reail Delivery market is anticipated to reach a substantial figure of 582.2m users by 2028.
This indicates a significant user penetration rate of 26.4% in 2024, which is expected to further increase to 34.8% by 2028.
It is worth noting that the average revenue per user (ARPU) in this market is projected to amount to US$516.70.
This metric serves as an indication of the potential profitability of each user within the Eastern Asian market.
In terms of global comparison, it is expected that the majority of revenue in the Reail Delivery market will be generated United States, with an estimated figure of US$195.40bn in 2024.
This highlights United States's prominence and dominance within the industry.
Lastly, when considering user penetration rates, it is worth noting that United States is projected to have the highest rate at 30.7%.
This showcases the country's strong market presence and potential for growth within the Reail Delivery market.
In Japan, the retail delivery market is booming with the rise of convenience stores offering 24/7 delivery services.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Retail Delivery market of Online Grocery Delivery dominates the market. Retailers were able to scale their online channels rapidly during the COVID-19 lockdowns to meet the exponential rise in customer demand. Retailers still need to look for ways to attract more customers to keep up with the competition. Walmart for example introduced a service where the delivery driver would deliver groceries to the customer’s fridge.

The growth rates of 2022 will see a slight decline in comparison to 2020 and 2021 due to the uncertainty of macroeconomic factors. Although China has a steady lead over the rest of the regions, the U.S. market shows strong growth signals in our forecast. This is due to the high demand and rapid rise of grocery spending per capita.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.