Quick Commerce, also known as Q-Commerce, is a rapidly growing market that provides consumers with fast and convenient delivery of goods and services. In the G7 countries, this market has been gaining traction due to the increasing demand for on-demand delivery services.
Customer preferences: Consumers in G7 countries are increasingly looking for convenience and speed when it comes to shopping and delivery. With the rise of e-commerce, customers are expecting faster and more reliable delivery options. Q-Commerce companies are meeting these demands by offering same-day or even same-hour delivery services. Additionally, customers are becoming more environmentally conscious and are looking for companies that provide sustainable delivery options.
Trends in the market: In the United States, the Q-Commerce market is growing rapidly due to the COVID-19 pandemic. With many consumers staying at home, there has been a surge in demand for online shopping and delivery services. The pandemic has also led to an increase in the number of small businesses that are turning to Q-Commerce platforms to reach customers and provide fast delivery options.In the United Kingdom, the Q-Commerce market is being driven by the rise of online grocery shopping. Customers are looking for fast and reliable delivery options for their groceries, and Q-Commerce companies are meeting this demand by offering same-day or next-day delivery services. Additionally, there has been an increase in the number of Q-Commerce companies that are partnering with traditional retailers to provide last-mile delivery services.In Japan, the Q-Commerce market is being driven by the increasing demand for on-demand delivery services. With a rapidly aging population, many consumers are looking for convenient and fast delivery options for groceries and other goods. Additionally, there has been a rise in the number of Q-Commerce companies that are using drones and other advanced technologies to provide faster and more efficient delivery services.
Local special circumstances: In France, the Q-Commerce market is facing challenges due to strict regulations around labor laws and delivery services. Many Q-Commerce companies are struggling to find a balance between providing fast delivery services and complying with labor laws.In Germany, the Q-Commerce market is being driven by the increasing demand for sustainable delivery options. Many Q-Commerce companies are using electric vehicles and other environmentally friendly technologies to provide fast and sustainable delivery services.
Underlying macroeconomic factors: The Q-Commerce market in G7 countries is being driven by a combination of factors, including the rise of e-commerce, changing consumer preferences, and advances in technology. Additionally, the COVID-19 pandemic has accelerated the growth of the Q-Commerce market by increasing the demand for fast and reliable delivery services. As the market continues to grow, Q-Commerce companies will need to continue to adapt to changing consumer preferences and technological advancements to remain competitive.
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.
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