Quick Commerce - Slovenia

Slovenia

Highlights

The Quick Commerce market in Slovenia is projected to reach a revenue of US$8.21m in 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 6.13%, resulting in a projected market volume of US$11.06m by 2029.
Furthermore, the number of users in the Quick Commerce market is expected to amount to 138.1k users by 2029.
The user penetration, which is the percentage of the population using Quick Commerce market services, is projected to be 4.9% in 2024 and is expected to increase to 6.5% by 2029.
The average revenue per user (ARPU) is expected to be US$79.19.
In global comparison, it is worth noting that the majority of the revenue will be generated China, with an estimated revenue of US$80.84bn in 2024.
Moreover, China is projected to have the highest user penetration rate in the Quick Commerce market, with a rate of 21.4%.
In Slovenia, the Quick Commerce market is rapidly growing, with a focus on local and sustainable products.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Quick Commerce, also known as Q-Commerce, is a rapidly growing market in Slovenia, providing consumers with fast and convenient delivery of goods and services. The market has seen significant growth in recent years, driven by changing consumer preferences and technological advancements.

Customer preferences: Slovenian consumers have increasingly busy lifestyles, with many people working long hours and having less time for shopping. As a result, they are turning to Q-Commerce as a way to save time and effort. In addition, the COVID-19 pandemic has accelerated the adoption of online shopping and home delivery services, as consumers seek to minimize their exposure to the virus.

Trends in the market: One of the key trends in the Q-Commerce market in Slovenia is the rise of local delivery services. Many Slovenian consumers prefer to shop from local retailers and suppliers, and there has been a corresponding increase in the number of local delivery services. These services often offer faster and more personalized delivery options, which are highly valued by consumers.Another trend in the market is the integration of Q-Commerce into other sectors, such as food delivery and healthcare. Many Slovenian consumers now expect fast and convenient delivery of food and medical supplies, and Q-Commerce companies are stepping up to meet this demand. This has led to increased competition in the market, as companies seek to expand their offerings and capture a larger share of the market.

Local special circumstances: Slovenia is a small country with a highly educated population, which has helped to drive the growth of the Q-Commerce market. Slovenian consumers are tech-savvy and open to new technologies, making them early adopters of Q-Commerce services. In addition, the country has a well-developed logistics infrastructure, which has made it easier for Q-Commerce companies to offer fast and reliable delivery services.

Underlying macroeconomic factors: The Slovenian economy has been growing steadily in recent years, with low unemployment and strong consumer spending. This has created a favorable environment for the Q-Commerce market, as consumers have more disposable income and are willing to spend money on convenience and time-saving services. In addition, the government has been supportive of the digital economy, providing incentives for companies to invest in technology and innovation. This has helped to create a vibrant and dynamic Q-Commerce market in Slovenia.

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.