Market Insights eCommerce Online Food Delivery Grocery Delivery

Retail Delivery - Southern Asia

Southern Asia

The Reail Delivery market in Southern Asia is expected to witness significant growth in the coming years.
According to projections, the market's revenue is forecasted to reach US$28.34bn by 2024.
Furthermore, it is anticipated that the market will experience a Compound Annual Growth Rate (CAGR) of 18.26% from 2024 to 2029, resulting in a projected market volume of US$65.56bn by 2029.
In terms of user base, the Reail Delivery market is expected to attract approximately 262.1m users users by 2029.
The user penetration rate, which measures the percentage of the population using Reail Delivery market services, is projected to increase from 9.3% in 2024 to 13.0% by 2029.
The average revenue per user (ARPU) in this market is estimated to be US$159.60.
This figure represents the average amount of money generated by each user in the Reail Delivery market.
In a global perspective, United States is expected to generate the highest revenue in the Reail Delivery market, reaching US$195,400.00m in 2024.
This demonstrates the significant market potential and size of the Chinese retail delivery industry.
When it comes to user penetration, United States leads the way with a projected rate of 30.4%, indicating a high adoption of Reail Delivery market services among the population.
Overall, the Reail Delivery market in Southern Asia is poised for substantial growth, driven by increasing user adoption and rising revenue figures.
In Southern Asia, the retail delivery market is experiencing a surge in demand for online grocery shopping, particularly in countries like India, where consumers are increasingly opting for convenient and contactless shopping experiences.

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Analyst Opinion

The Retail Delivery market in Southern Asia is experiencing a significant growth due to several factors.

Customer preferences: With the rise of e-commerce and online shopping, customers in Southern Asia are increasingly looking for convenient and fast delivery options. They prefer to receive their orders at their doorstep, and are willing to pay a premium for same-day or next-day delivery. Additionally, customers are becoming more environmentally conscious, and are looking for eco-friendly packaging and delivery options.

Trends in the market: In India, the Retail Delivery market is dominated by local players such as Flipkart and Amazon India. These companies are investing heavily in logistics and delivery infrastructure to improve their delivery times and expand their reach to remote areas. The market is also seeing the emergence of hyperlocal delivery startups such as Dunzo, which offer delivery services within a few kilometers of their customers' location.In Pakistan, the Retail Delivery market is still in its nascent stages, but is expected to grow rapidly in the coming years. The market is dominated by traditional brick-and-mortar retailers, but e-commerce companies such as Daraz.pk and Telemart are gaining traction by offering fast and reliable delivery options.In Bangladesh, the Retail Delivery market is dominated by local players such as Evaly and Daraz. These companies are investing heavily in logistics and delivery infrastructure to improve their delivery times and expand their reach to remote areas. The market is also seeing the emergence of hyperlocal delivery startups such as Chaldal, which offer delivery services within a few kilometers of their customers' location.

Local special circumstances: One of the biggest challenges facing the Retail Delivery market in Southern Asia is the lack of proper infrastructure and logistics networks. Poor road conditions and traffic congestion make it difficult for delivery companies to operate efficiently, especially in urban areas. Additionally, many customers in rural areas do not have proper addresses, which makes it difficult for delivery companies to locate them.

Underlying macroeconomic factors: The Retail Delivery market in Southern Asia is being driven by several macroeconomic factors, including rising incomes, urbanization, and the growth of e-commerce. As more people move to cities and adopt digital technologies, the demand for fast and reliable delivery services is expected to grow. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping and home delivery, further boosting the Retail Delivery market in Southern Asia.

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.