Retail Delivery - Chile

Chile

Highlights

The projected revenue in the Reail Delivery market in Chile is expected to reach US$829.40m in 2024.
This is projected to show an annual growth rate (CAGR 2024-2029) of 11.01%, resulting in a projected market volume of US$1.40bn by 2029.
Furthermore, the number of users in the Reail Delivery market in Chile is expected to amount to 4.0m users by 2029.
The user penetration is projected to be 16.2% in 2024 and is expected to increase to 20.3% by 2029.
The average revenue per user (ARPU) is projected to be US$260.10.
In global comparison, United States is expected to generate the most revenue in the Reail Delivery market, amounting to US$195.40bn in 2024.
On the other hand, United States is projected to have the highest user penetration rate of 30.4% in the Reail Delivery market.
The rise of e-commerce giants like Falabella and Ripley in Chile is driving a shift towards online shopping and home delivery in the retail industry.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Retail Delivery market in Chile has been steadily growing over the past few years. Chile is known for its high internet penetration rate, which has been a driving force behind the growth of the retail delivery market.

Customer preferences: Chilean consumers have become increasingly comfortable with online shopping, which has led to a surge in demand for retail delivery services. Consumers in Chile value convenience and speedy delivery times, which has led to an increase in the number of retailers offering same-day or next-day delivery options. Additionally, consumers in Chile are becoming more environmentally conscious, which has led to a rise in demand for sustainable delivery options.

Trends in the market: One of the major trends in the retail delivery market in Chile is the rise of e-commerce platforms. E-commerce platforms have become increasingly popular in Chile, with many consumers preferring to shop online rather than in physical stores. This has led to an increase in demand for retail delivery services, as consumers expect fast and reliable delivery options. Another trend in the market is the rise of last-mile delivery services. Last-mile delivery services have become increasingly important in Chile, as they are essential for ensuring that goods are delivered quickly and efficiently to consumers.

Local special circumstances: One of the unique aspects of the retail delivery market in Chile is the country's geography. Chile is a long and narrow country, which presents logistical challenges for retailers and delivery companies. The country's geography has led to the development of specialized delivery services that are designed to navigate the country's rugged terrain and deliver goods to remote areas.

Underlying macroeconomic factors: The growth of the retail delivery market in Chile is being driven by a number of underlying macroeconomic factors. One of the key drivers of growth is Chile's growing middle class. As more consumers enter the middle class, they have more disposable income to spend on goods and services, which has led to an increase in demand for retail delivery services. Additionally, Chile's strong economy and stable political environment have attracted foreign investment, which has led to the development of new retail delivery services and technologies.

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.