Retail Delivery - Kuwait

Kuwait

Highlights

The Reail Delivery market in Kuwait is projected to achieve a revenue of US$208.60m by 2024.
This is expected to display an annual growth rate (CAGR 2024-2029) of 11.82%, resulting in a projected market volume of US$364.60m by 2029.
Moreover, the number of users in the Reail Delivery market is anticipated to reach 1.1m users by 2029.
The user penetration rate is projected to be 18.3% in 2024 and is expected to increase to 23.5% by 2029.
Additionally, the average revenue per user (ARPU) is estimated to be US$262.40.
In a global comparison, United States is expected to generate the most revenue in the Reail Delivery market, with an estimated amount of US$195.40bn in 2024.
Furthermore, United States will have the highest user penetration rate in the Reail Delivery market, reaching 30.4%.
Kuwait's retail delivery market is witnessing a surge in demand for contactless delivery options due to the COVID-19 pandemic.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Retail Delivery market in Kuwait has seen significant growth in recent years.

Customer preferences: Kuwaiti consumers are increasingly turning to online shopping and home delivery options due to convenience and safety concerns. The COVID-19 pandemic has accelerated this trend, with more people opting for contactless delivery options. Customers in Kuwait also place a high value on fast delivery times and quality customer service.

Trends in the market: The Retail Delivery market in Kuwait has experienced a surge in demand for e-commerce and home delivery services. Major retailers and delivery companies have expanded their operations to meet this demand, with many offering same-day or next-day delivery options. The market has also seen the emergence of new delivery startups, offering innovative solutions such as crowd-sourced delivery and delivery by drone.

Local special circumstances: Kuwait has a small but wealthy population, with a high proportion of expatriates. This has created a unique market with a mix of local and international consumer preferences. Additionally, Kuwait has a hot climate for much of the year, which can make traditional shopping experiences uncomfortable. These factors have contributed to the growth of the Retail Delivery market in Kuwait.

Underlying macroeconomic factors: Kuwait has a strong economy with high levels of disposable income. This has created a favorable environment for the Retail Delivery market to thrive. Additionally, the government has implemented policies to encourage entrepreneurship and innovation, which has led to the emergence of new delivery startups. The country's strategic location and well-developed infrastructure also make it an attractive market for international retailers and delivery companies.

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.