Retail Delivery - Belgium

Belgium

Highlights

The Reail Delivery market in Belgium is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$250.80m by the year 2024.
Furthermore, the market is expected to display a compound annual growth rate (CAGR) of 7.31% between 2024 and 2029, leading to a projected market volume of US$356.90m by the end of 2029.
In terms of user base, the Reail Delivery market in Belgium is anticipated to see a substantial increase.
By 2029, the number of users is estimated to reach 3.9m users.
This signifies a considerable growth potential for businesses operating in this sector.
As for user penetration, it is predicted to be 25.4% in 2024 and is projected to rise to 32.8% by 2029.
This indicates that a larger proportion of the population in Belgium will be utilizing Reail Delivery market services in the coming years.
The average revenue per user (ARPU) is expected to be US$84.28, reflecting the potential for generating substantial revenue from each user.
When comparing in Belgium to other countries in terms of revenue generation, United States is expected to lead the pack with a projected revenue of US$195.40bn in 2024.
This highlights the immense market size and opportunities available in United States's Reail Delivery market sector.
In contrast, United States is anticipated to have the highest user penetration rate in the Reail Delivery market, reaching 30.4% by the end of the forecast period.
This showcases the strong adoption and popularity of Reail Delivery market services among consumers United States.
Belgium's retail delivery market is experiencing a surge in demand for online grocery shopping, driven by convenience and the need for contactless shopping during the COVID-19 pandemic.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Belgium, a country famous for its chocolates and waffles, is also experiencing an interesting trend in its retail delivery market.

Customer preferences: Belgian customers are increasingly opting for online shopping, which has led to a surge in demand for retail delivery services. The convenience of shopping from home, coupled with the availability of a wide range of products, has made online shopping a popular choice among customers. Moreover, the COVID-19 pandemic has further accelerated this trend, as customers have become more cautious about visiting physical stores.

Trends in the market: The retail delivery market in Belgium is witnessing a shift towards same-day and next-day delivery services. Customers are willing to pay a premium for faster delivery times, and retailers are responding to this demand by partnering with logistics companies to offer these services. Additionally, there is a growing trend towards sustainable delivery options, with electric and hybrid vehicles being used for last-mile delivery.

Local special circumstances: Belgium has a unique geography, with densely populated urban areas and scattered rural communities. This has created a challenge for retailers and logistics companies, as they need to cater to both types of customers. In urban areas, retailers are experimenting with innovative delivery options such as lockers and pickup points, while in rural areas, they are partnering with local stores to offer pickup services.

Underlying macroeconomic factors: The Belgian economy is growing at a steady pace, and this is reflected in the retail delivery market. The country has a high standard of living, and customers are willing to pay a premium for quality products and services. Moreover, Belgium is strategically located in the heart of Europe, making it an attractive destination for retailers and logistics companies looking to expand their operations in the region. The government is also supportive of the retail delivery sector, and has implemented policies to encourage sustainable and efficient delivery practices.

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.