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Retail Delivery - Northern Europe

Northern Europe

The Reail Delivery market in Northern Europe is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$6.21bn by 2024.
This indicates a promising future for the industry.
Furthermore, there is an estimated annual growth rate (CAGR 2024-2029) of 9.84%, which is expected to drive the market volume to US$9.93bn by 2029.
In terms of user base, the Reail Delivery market is anticipated to attract a substantial number of users in Northern Europe.
By 2029, the number of users is projected to reach 9.9m users, reflecting the growing demand for retail delivery services in the region.
Additionally, user penetration is expected to increase from 22.7% in 2024 to 28.8% by 2029, indicating a higher adoption rate among the population.
The average revenue per user (ARPU) is estimated to be US$0.81k, highlighting the value that each user brings to the Reail Delivery market in Northern Europe.
When comparing the global market, it is worth noting that United States is expected to generate the highest revenue in the Reail Delivery market sector, amounting to US$195,400.00m in 2024.
This demonstrates the immense scale of the Chinese market and its dominance in this industry.
In terms of user penetration, United States is projected to have the highest rate with a rate of 30.4%.
This indicates a strong presence of retail delivery services in the US market.
Overall, the Reail Delivery market in Northern Europe is poised for significant growth, with increasing revenue, user base, and user penetration.
This presents ample opportunities for businesses operating in this sector to capitalize on the thriving market.
In Northern Europe, Sweden leads the way in retail delivery with a strong focus on sustainability and efficient last-mile logistics.

Market

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Analyst Opinion

The retail delivery market in Northern Europe has been experiencing significant growth in recent years, driven by changing customer preferences and the adoption of new technologies.

Customer preferences: Customers in Northern Europe are increasingly looking for convenience and speed when it comes to retail delivery. This has led to a rise in demand for same-day and next-day delivery options, as well as click-and-collect services. Customers are also increasingly interested in sustainable and environmentally-friendly delivery options, such as electric vehicles and bike couriers.

Trends in the market: One major trend in the retail delivery market in Northern Europe is the rise of e-commerce. As more customers shop online, retailers are investing in new technologies and delivery options to meet demand. This includes the use of drones and autonomous vehicles for delivery, as well as the expansion of click-and-collect services.Another trend is the growth of on-demand delivery services. Companies like Uber Eats and Deliveroo have expanded into the retail delivery market, offering customers fast and convenient delivery options for a wide range of products.

Local special circumstances: Northern Europe is a diverse region, with different countries and cities having their own unique circumstances when it comes to retail delivery. For example, in cities like Amsterdam and Copenhagen, bike couriers are a popular and environmentally-friendly option for delivering goods. In more rural areas, however, traditional delivery methods like trucks and vans may be more practical.

Underlying macroeconomic factors: The growth of the retail delivery market in Northern Europe is also influenced by broader macroeconomic factors. For example, the region has a strong economy and high levels of internet penetration, which makes it an attractive market for e-commerce companies. Additionally, the region has a well-developed transportation infrastructure, which makes it easier for retailers to offer fast and efficient delivery options.

Methodology

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.