Retail Delivery - Taiwan

Taiwan

Highlights

The Reail Delivery market in Taiwan is expected to experience significant growth in the coming years.
According to projections, the market's revenue is set to reach US$14.84m by 2024.
This growth is expected to continue with an annual growth rate (CAGR 2024-2029) of 6.15%, resulting in a projected market volume of US$20.00m by 2029.
In terms of user base, the number of users in the Reail Delivery market is expected to reach 6.6m users by 2029.
This indicates a steady increase in user penetration, which is forecasted to be 22.3% in 2024 and is projected to reach 27.5% by 2029.
When it comes to the average revenue per user (ARPU), it is expected to amount to US$2.78.
This metric provides insights into the amount of revenue generated per individual user within the Reail Delivery market.
In a global comparison, United States is anticipated to generate the highest revenue in the Reail Delivery market, with a projected revenue of US$195.40bn in 2024.
This highlights the significant market potential in the Chinese market.
On the other hand, United States is expected to have the highest user penetration rate in the Reail Delivery market, with a projected rate of 30.4%.
This indicates a strong adoption of retail delivery services among the population United States.
In Taiwan, the retail delivery market has seen a significant shift towards online platforms, with consumers increasingly opting for the convenience of doorstep delivery.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

As the e-commerce industry continues to grow in Taiwan, the Retail Delivery market has experienced significant development in recent years.

Customer preferences: Taiwanese consumers are increasingly turning to online shopping due to the convenience and variety of products available. As a result, there has been a surge in demand for Retail Delivery services. Consumers in Taiwan also value speed and reliability in their deliveries, with many opting for same-day or next-day delivery options.

Trends in the market: One trend in the Retail Delivery market in Taiwan is the rise of third-party logistics providers (3PLs). These companies specialize in handling the logistics and delivery of goods for e-commerce businesses, allowing them to focus on other aspects of their operations. Another trend is the adoption of new technologies, such as drones and robots, for last-mile delivery. These technologies have the potential to improve delivery efficiency and reduce costs.

Local special circumstances: Taiwan's geography presents unique challenges for the Retail Delivery market. With many densely populated urban areas, traffic congestion can make deliveries difficult and time-consuming. In addition, the island's mountainous terrain can make it difficult to reach certain areas. To overcome these challenges, some companies have turned to innovative solutions such as electric bicycles and scooters for deliveries in urban areas.

Underlying macroeconomic factors: Taiwan's strong economy and high internet penetration rate have contributed to the growth of the Retail Delivery market. In addition, the government has implemented policies to support the development of e-commerce and logistics industries. For example, the "Asia Silicon Valley Development Plan" aims to promote the growth of innovative industries, including e-commerce and logistics. However, the market is also highly competitive, with many local and international players vying for market share.

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.