The Retail Delivery market in Nordics has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: Customers in Nordics are increasingly demanding fast and convenient delivery options. This has led to the rise of same-day and next-day delivery services, as well as click-and-collect options. Customers are also showing a preference for eco-friendly and sustainable delivery options, such as electric vehicles and bike couriers.
Trends in the market: One of the key trends in the Retail Delivery market in Nordics is the growth of e-commerce. This has led to an increase in demand for home delivery services, as well as click-and-collect options. Another trend is the rise of subscription-based delivery services, which offer customers regular deliveries of products such as groceries and household items. Finally, there is a growing trend towards hyperlocal delivery services, which offer fast and convenient delivery options within a specific geographic area.
Local special circumstances: One of the unique features of the Retail Delivery market in Nordics is the region's geography. With many remote and sparsely populated areas, delivery companies face significant logistical challenges in reaching customers in these areas. This has led to the development of innovative delivery solutions, such as drone and autonomous vehicle delivery.
Underlying macroeconomic factors: The Retail Delivery market in Nordics is also influenced by broader macroeconomic factors. The region's strong economy and high levels of disposable income have led to an increase in consumer spending, which has in turn driven demand for delivery services. Additionally, the region's focus on sustainability and eco-friendliness has led to the development of innovative and environmentally-friendly delivery solutions. Finally, the region's high level of technological development and innovation has helped to drive the growth of the Retail Delivery market in Nordics.
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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