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The retail industry in Serbia is rapidly developing, with a growing number of consumers turning to online shopping for their everyday needs. This has led to a significant increase in the demand for retail delivery services throughout the country.
Customer preferences: Serbian consumers are increasingly turning to online shopping as a convenient and cost-effective way to purchase goods. This has led to a growing demand for retail delivery services that offer fast and reliable shipping options. Customers in Serbia are particularly interested in same-day and next-day delivery options, as well as free shipping and easy returns policies.
Trends in the market: One of the key trends in the retail delivery market in Serbia is the rise of e-commerce platforms and marketplaces. These platforms offer consumers a wide range of products from different retailers, all in one place. This has led to increased competition among retailers, who are now competing not only on price, but also on delivery speed and quality.Another trend in the market is the growing use of technology to improve delivery services. Many retailers in Serbia are now using advanced logistics software and tracking systems to provide customers with real-time updates on their orders. Some companies are also experimenting with new delivery methods, such as drones and autonomous vehicles, to further improve delivery speed and efficiency.
Local special circumstances: Serbia's retail delivery market is still in its early stages of development, and there are several local factors that are shaping its growth. One of the biggest challenges facing retailers in Serbia is the country's underdeveloped infrastructure. Poor road conditions and a lack of modern logistics facilities can make it difficult for retailers to provide fast and reliable delivery services.Another factor is the relatively low level of consumer trust in online shopping. Many Serbian consumers are still hesitant to make purchases online, due to concerns about fraud and identity theft. This has led some retailers to focus on building trust with their customers by offering secure payment options and easy returns policies.
Underlying macroeconomic factors: Serbia's retail delivery market is being driven by several underlying macroeconomic factors. The country's growing middle class and rising disposable incomes are fueling demand for retail goods and services. At the same time, the government's efforts to modernize the economy and improve infrastructure are creating new opportunities for retailers to expand their operations.Overall, the retail delivery market in Serbia is poised for continued growth in the coming years. As more consumers turn to online shopping and retailers continue to invest in new delivery technologies and logistics systems, the market is likely to become increasingly competitive and dynamic.
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)