Quick Commerce - GCC

GCC

Highlights

The Quick Commerce market in GCC is projected to reach a revenue of US$427.50m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 14.07%, resulting in a projected market volume of US$825.80m by 2029.
By 2029, the number of users in the Quick Commerce market is expected to amount to 6.5m users.
The user penetration in the market will be 6.5% in 2024 and is expected to increase to 10.1% by 2029.
The average revenue per user (ARPU) is projected to be US$109.60.
In global comparison, China is expected to generate the most revenue in the Quick Commerce market, reaching US$80.84bn in 2024.
Furthermore, China will have the highest user penetration rate in the Quick Commerce market, projected at 21.4%.
In the GCC, the quick commerce market is experiencing rapid growth due to the high demand for convenient and time-efficient shopping experiences in countries like Saudi Arabia and the United Arab Emirates.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Quick Commerce, also known as Q-Commerce, is a rapidly growing sector in the GCC region. With the rise of e-commerce and the increasing demand for fast and convenient delivery, the Q-Commerce market has seen significant growth in recent years.

Customer preferences: Customers in the GCC region have shown a strong preference for fast and efficient delivery services. With busy lifestyles and a desire for convenience, many consumers are willing to pay a premium for same-day or next-day delivery. This has led to the emergence of Q-Commerce companies that specialize in providing these services.

Trends in the market: One of the key trends in the Q-Commerce market in the GCC region is the rise of on-demand delivery services. Companies such as Talabat and Deliveroo have become increasingly popular, offering customers the ability to order food from their favorite restaurants and have it delivered to their doorstep in a matter of minutes. This trend is expected to continue as more consumers embrace the convenience of on-demand delivery.Another trend in the Q-Commerce market is the increasing use of technology to improve the delivery process. Many companies are investing in advanced logistics systems, such as real-time tracking and automated warehouses, to streamline their operations and improve efficiency. This has led to faster delivery times and lower costs for consumers.

Local special circumstances: The GCC region is home to a large expatriate population, which has contributed to the growth of the Q-Commerce market. Many expats are accustomed to the convenience of e-commerce and fast delivery services in their home countries, and they expect similar services in the GCC. This has created a strong demand for Q-Commerce companies that can provide fast and efficient delivery services.

Underlying macroeconomic factors: The GCC region has a young and growing population, with high levels of disposable income and a strong appetite for consumer goods. This has created a favorable environment for e-commerce and Q-Commerce companies, which are able to tap into this demand and provide fast and convenient delivery services.In addition, the GCC region has a highly developed logistics infrastructure, with modern ports, airports, and highways that facilitate the movement of goods. This has made it easier for Q-Commerce companies to operate in the region and provide fast and efficient delivery services.Overall, the Q-Commerce market in the GCC region is expected to continue its rapid growth in the coming years, driven by increasing demand for fast and convenient delivery services, the rise of on-demand delivery, and the use of technology to improve logistics and delivery processes.

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.