Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Bangladesh

Bangladesh

The Platform Delivery market in Bangladesh is expected to witness significant growth in the coming years.
By 2024, the revenue in this market is projected to reach US$48.36m.
This upward trajectory is anticipated to continue, with a compound annual growth rate (CAGR 2024-2029) of 11.93%.
Consequently, the market volume is projected to reach US$84.96m by 2029.
In terms of user base, the number of users in Bangladesh's Platform Delivery market is expected to reach 5.5m users by 2029.
This indicates a steady increase in user penetration, which is projected to be 1.9% in 2024 and is expected to rise to 3.0% by 2029.
The average revenue per user (ARPU) in Bangladesh's Platform Delivery market is estimated to be US$14.65.
This metric provides insights into the revenue generated per individual user.
When comparing the global market, China is expected to generate the highest revenue in the Platform Delivery market, reaching US$165,200.00m by 2024.
Furthermore, China exhibits the highest user penetration rate in the market, projected to be 52.3%.
These figures demonstrate the potential for growth and market opportunities in the Platform Delivery market in Bangladesh.
Bangladesh's platform delivery market is witnessing a surge in demand due to the rapid growth of e-commerce and the increasing need for convenient and efficient last-mile delivery services.

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Analyst Opinion

The Platform Delivery market in Bangladesh has been rapidly growing in recent years.

Customer preferences: Bangladesh has a population of over 160 million people, with a large portion of them being young and tech-savvy. As a result, there has been a significant increase in demand for online delivery services in the country. Customers are looking for fast and reliable delivery options that can bring their favorite products to their doorstep.

Trends in the market: One of the major trends in the Platform Delivery market in Bangladesh is the rise of local delivery startups. These startups are providing innovative solutions to meet the growing demand for online delivery services. They are leveraging technology to optimize their operations and provide a seamless delivery experience to customers. Another trend is the increasing adoption of mobile apps for ordering and tracking deliveries. Customers are increasingly using mobile apps to place orders, track their deliveries, and provide feedback.

Local special circumstances: Bangladesh has a unique geography and infrastructure that presents challenges for delivery services. The country has a large number of small and narrow roads, which can make it difficult for delivery vehicles to navigate. Additionally, the country's infrastructure is still developing, and many areas lack proper addressing systems. These challenges have led to the development of innovative solutions, such as using GPS tracking and digital maps to optimize delivery routes.

Underlying macroeconomic factors: Bangladesh has been experiencing steady economic growth in recent years, with a growing middle class and increasing disposable incomes. This has led to an increase in consumer spending, particularly on online shopping and delivery services. Additionally, the government has been investing in digital infrastructure and promoting e-commerce, which has created a favorable environment for the growth of the Platform Delivery market in Bangladesh.

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.