Retail Delivery - Lithuania

Lithuania

Highlights

The Reail Delivery market in Lithuania is expected to witness significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$69.79m Lithuanian Litas.
This growth is further expected to continue with an annual growth rate of 12.65% from 2024 to 2028.
As a result, the market volume is projected to reach US$112.40m Lithuanian Litas by 2028.
In terms of user base, the number of users in the Reail Delivery market is expected to reach 465.1k users by 2028.
The user penetration rate, which indicates the percentage of the total population using retail delivery services, is projected to increase from 15.0% in 2024 to 18.4% by 2028.
The average revenue per user (ARPU) is estimated to be US$177.50 Lithuanian Litas.
This metric helps gauge the average spending by individual users in the Reail Delivery market.
In a global context, it is interesting to note that United States is expected to generate the highest revenue in the Reail Delivery market, reaching a staggering US$195.40bn Lithuanian Litas in 2024.
However, when considering user penetration, United States leads the way with a projected rate of 30.7%.
Overall, the Reail Delivery market in Lithuania is poised for growth, with significant potential in terms of revenue, user base, and market penetration.
In Lithuania, there is a growing trend of retailers offering same-day delivery services to cater to the increasing demand for convenience among consumers.

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.