Platform Delivery - Bahrain

Bahrain

Highlights

The Platform Delivery market in Bahrain is projected to reach a revenue of US$28.25m by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 2.83%, resulting in a projected market volume of US$32.47m by 2029.
Furthermore, the number of users in the Platform Delivery market is estimated to reach 208.9k users by 2029.
The user penetration, which currently stands at 12.2% in 2024, is anticipated to increase to 13.4% by 2029.
The average revenue per user (ARPU) is projected to amount to US$153.90.
In a global comparison, China is expected to generate the highest revenue in the Platform Delivery market, with an estimated value of US$166.80bn in 2024.
Additionally, China is projected to have the highest user penetration rate in the Platform Delivery market, with a rate of 52.8%.
In Bahrain, the platform delivery market is experiencing a surge in demand due to the country's growing e-commerce industry.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Bahrain has been experiencing significant growth in recent years, driven by a variety of factors.

Customer preferences: Customers in Bahrain have shown a preference for platforms that offer ease of use and convenience. This has led to an increase in demand for delivery services that can be accessed through mobile apps and online platforms. Additionally, customers are increasingly looking for delivery options that offer greater flexibility, including the ability to track their orders in real-time and make changes to delivery times and locations.

Trends in the market: One of the key trends in the Platform Delivery market in Bahrain is the rise of on-demand delivery services. Companies are increasingly offering delivery options that allow customers to receive their orders within a few hours or even minutes. This trend has been driven by the growth of e-commerce and the increasing demand for fast and convenient delivery options.Another trend in the market is the increasing use of technology to improve delivery services. Companies are investing in technologies such as artificial intelligence and machine learning to optimize delivery routes and improve the efficiency of their operations. Additionally, there has been a growing trend towards the use of drones and other autonomous vehicles for delivery, which has the potential to significantly reduce delivery times and costs.

Local special circumstances: Bahrain is a small country with a high population density, which presents unique challenges for delivery companies. The country's narrow roads and congested traffic can make it difficult to deliver goods quickly and efficiently. Additionally, Bahrain has a large expatriate population, which can create cultural and linguistic barriers for companies operating in the country.

Underlying macroeconomic factors: The Platform Delivery market in Bahrain has been supported by a number of macroeconomic factors, including the country's strong economic growth and increasing consumer spending. Bahrain has a highly diversified economy, with a strong focus on finance, tourism, and logistics. This has created a favorable business environment for delivery companies, with a large and growing market for their services.Overall, the Platform Delivery market in Bahrain is expected to continue to grow in the coming years, driven by the country's strong economic fundamentals and increasing demand for fast and convenient delivery options. Companies that are able to offer innovative and efficient delivery services are likely to be well-positioned to succeed in this dynamic and rapidly evolving market.

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.