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The Retail Delivery market in Nepal has seen significant growth in recent years, driven by changing customer preferences and the increasing availability of online platforms.
Customer preferences: Nepalese customers are increasingly looking for convenience and efficiency in their shopping experiences, leading to a rise in demand for online shopping and home delivery services. This trend has been further accelerated by the COVID-19 pandemic, which has led to a greater emphasis on contactless delivery options.
Trends in the market: The Retail Delivery market in Nepal is currently dominated by a few major players, with a number of smaller startups also entering the market. These companies are leveraging technology to offer a range of delivery options, including same-day and next-day delivery, as well as subscription-based services. There is also a growing trend towards the use of electric vehicles for last-mile delivery, as companies look to reduce their carbon footprint.
Local special circumstances: Nepal's geography and infrastructure pose significant challenges to the Retail Delivery market, with many areas of the country inaccessible by road. This has led to the development of innovative delivery solutions, such as the use of drones and helicopters to reach remote areas. Additionally, the country's relatively low internet penetration rates and limited payment options have presented barriers to the growth of online shopping.
Underlying macroeconomic factors: Nepal's economy has been growing steadily in recent years, with a focus on developing the country's infrastructure and improving access to basic services. This has created opportunities for the Retail Delivery market, as companies look to expand their reach and tap into new customer segments. However, the country's ongoing political instability and high levels of corruption present significant challenges to businesses operating in Nepal.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)