The Retail Delivery market in Eastern Asia has been rapidly evolving in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: Customers in Eastern Asia have increasingly been favoring online shopping due to its convenience and the wide range of products available. This has led to a surge in demand for retail delivery services, with customers expecting fast and reliable delivery options. In addition, there has been a growing interest in eco-friendly and sustainable delivery options, with customers willing to pay extra for these services.
Trends in the market: In China, the world's largest e-commerce market, the retail delivery market has been dominated by leading players such as Alibaba's Cainiao and JD.com's logistics arm. These companies have been investing heavily in technology and infrastructure to improve delivery times and reduce costs. In Japan, the market has been characterized by a large number of small and medium-sized logistics companies, with a focus on same-day and next-day delivery. South Korea has seen the rise of on-demand delivery services, with companies like Baedal Minjok and Coupang expanding their operations to meet growing demand.
Local special circumstances: The unique geography and population density of some Eastern Asian countries have presented challenges for the retail delivery market. In cities like Tokyo and Seoul, the high population density and limited space have made it difficult for delivery trucks to navigate the streets and find parking. In China, the vast size of the country and the uneven development of infrastructure have posed challenges for logistics companies trying to provide nationwide coverage.
Underlying macroeconomic factors: The growth of the retail delivery market in Eastern Asia has been underpinned by a number of macroeconomic factors. The region's strong economic growth and rising middle class have led to increased consumer spending and a greater demand for online shopping. In addition, the rapid development of technology and mobile internet has made it easier for customers to shop online and track their deliveries. Finally, government policies aimed at promoting e-commerce and logistics infrastructure have provided a supportive environment for the growth of the retail delivery market in Eastern Asia.
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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