Platform Delivery - Albania

Albania

Highlights

The Platform Delivery market in Albania is projected to reach revenue of US$1.89m in 2024.
This market is expected to show an annual growth rate of 9.56% (CAGR 2024-2029), resulting in a projected market volume of US$2.98m by 2029.
Furthermore, the number of users in the Platform Delivery market is expected to amount to 112.8k users by 2029.
The user penetration rate, which measures the percentage of the population using the platform, is projected to be 2.6% in 2024 and is expected to reach 4.0% by 2029.
The average revenue per user (ARPU) is expected to be US$25.92.
In global comparison, China is expected to generate the highest revenue in the Platform Delivery market, with a projected amount of US$166.80bn in 2024.
Additionally, China will have the highest user penetration rate in the market, projected to be 52.8%.
Albania is experiencing a surge in platform delivery services, with a growing number of local businesses utilizing digital platforms to reach customers efficiently and conveniently.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Albania, a small country in the Balkans, has been experiencing a steady growth in the Platform Delivery market.

Customer preferences: Albanian customers have shown a growing interest in online shopping and the convenience of having goods delivered to their doorstep. This has led to an increasing demand for platform delivery services, which offer a wide range of products and fast delivery times. Customers in Albania also value affordability and reliability when it comes to platform delivery services.

Trends in the market: The Platform Delivery market in Albania has been growing steadily in recent years, with more and more companies entering the market. This has led to increased competition and innovation, with companies offering new services such as same-day delivery and expanded product offerings. The COVID-19 pandemic has also accelerated the growth of the market, as more people have turned to online shopping and home delivery services.

Local special circumstances: Albania has a relatively small population and a developing economy, which has created unique challenges and opportunities for platform delivery companies. The country's geography, with its mountainous terrain and poor infrastructure, can make it difficult to deliver goods quickly and efficiently. However, the country's small size also means that there is a relatively small market to serve, which can make it easier for companies to establish a strong presence and build customer loyalty.

Underlying macroeconomic factors: Albania's economy has been growing steadily in recent years, with a focus on improving infrastructure and attracting foreign investment. This has created a more favorable environment for businesses, including platform delivery companies. Additionally, Albania's relatively low labor costs and strategic location in the Balkans make it an attractive destination for companies looking to expand their operations in the region. However, the country still faces challenges such as corruption and political instability, which can impact the business environment.

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.