The Quick Commerce market in Slovakia has been rapidly developing over the past few years.
Customer preferences: Customers in Slovakia have been increasingly turning to Quick Commerce services due to their convenience and speed. With the rise of e-commerce and online shopping, customers are looking for faster delivery times and Quick Commerce companies are able to provide this service. Additionally, the COVID-19 pandemic has accelerated the adoption of online shopping and home delivery services, further driving demand for Quick Commerce services.
Trends in the market: One trend in the Quick Commerce market in Slovakia is the increasing competition among companies. As the market grows, more companies are entering the market and competing for customers. This has led to companies offering more services and expanding their delivery areas to attract customers. Another trend is the use of technology to improve efficiency and speed. Quick Commerce companies are investing in technology such as automation and artificial intelligence to streamline their operations and improve delivery times.
Local special circumstances: Slovakia's geography and infrastructure also play a role in the development of the Quick Commerce market. The country has a relatively small population and a high population density in urban areas. This makes it easier for Quick Commerce companies to offer fast delivery times and cover a large area with fewer resources. Additionally, the country has a well-developed road network and a high rate of internet penetration, making it easier for customers to access Quick Commerce services.
Underlying macroeconomic factors: The underlying macroeconomic factors driving the development of the Quick Commerce market in Slovakia include the growth of e-commerce and online shopping, the increasing adoption of technology, and the impact of the COVID-19 pandemic. As more people shop online, there is a greater need for fast and reliable delivery services. The adoption of technology is also driving the development of the Quick Commerce market as companies seek to improve their operations and offer better services. The COVID-19 pandemic has accelerated the adoption of online shopping and home delivery services, further driving demand for Quick Commerce services.
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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