Platform Delivery - Azerbaijan

Azerbaijan

Highlights

The Platform Delivery market in Azerbaijan is projected to reach a revenue of US$7.15m by 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 10.64%, resulting in a projected market volume of US$11.86m by 2029.
By 2029, the number of users in the Platform Delivery market is expected to amount to 686.8k users.
The user penetration in this market is projected to be 4.1% in 2024 and is expected to increase to 6.4% by 2029.
The average revenue per user (ARPU) is expected to be US$16.86.
When compared globally, China is expected to generate the most revenue in the Platform Delivery market, reaching US$166.80bn in 2024.
China also has the highest projected user penetration rate of 52.8% in the Platform Delivery market.
The platform delivery market in Azerbaijan is experiencing rapid growth due to the increasing demand for online shopping and food delivery services.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Azerbaijan has been developing rapidly in recent years, driven by several trends and local special circumstances.

Customer preferences: One of the key factors driving the growth of the Platform Delivery market in Azerbaijan is the increasing demand for convenience and speed in the delivery of goods. Customers in Azerbaijan are increasingly turning to online platforms to order food, groceries, and other goods, as these platforms offer a fast and convenient way to get what they need without leaving their homes. Additionally, many customers in Azerbaijan are attracted to the competitive pricing and wide selection of products available on these platforms.

Trends in the market: One of the biggest trends in the Platform Delivery market in Azerbaijan is the increasing adoption of mobile devices for ordering and tracking deliveries. Many customers in Azerbaijan now use their smartphones to place orders and track their deliveries in real-time, which has led to a more seamless and efficient delivery experience. Another trend in the market is the increasing focus on sustainability and eco-friendliness, with many platforms in Azerbaijan now offering green delivery options to reduce their carbon footprint.

Local special circumstances: One of the unique factors driving the growth of the Platform Delivery market in Azerbaijan is the country's rapidly growing economy and expanding middle class. As more people in Azerbaijan become financially stable, they are increasingly turning to online platforms to order goods and services, which has fueled the growth of the Platform Delivery market. Additionally, the COVID-19 pandemic has accelerated the growth of the market, as many customers in Azerbaijan have been forced to stay home and rely on delivery services for their daily needs.

Underlying macroeconomic factors: Several macroeconomic factors are contributing to the growth of the Platform Delivery market in Azerbaijan, including the country's favorable business environment and government support for entrepreneurship. Azerbaijan has made significant efforts to attract foreign investment and promote economic growth in recent years, which has created a favorable environment for startups and small businesses. Additionally, the country's strategic location at the crossroads of Europe and Asia has made it an attractive market for international companies looking to expand their operations in the region.

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.