Platform Delivery - Finland

Finland

Highlights

In Finland, the revenue in the Platform Delivery market is projected to reach US$39.52m in 2024.
Looking ahead, the market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 8.66%, resulting in a projected market volume of US$59.85m by 2029.
By that time, the number of users in the Platform Delivery market is expected to amount to 526.6k users.
The user penetration rate, which stands at 6.6% in 2024, is projected to increase to 9.5% by 2029.
Furthermore, the average revenue per user (ARPU) is anticipated to reach US$107.90.
When compared globally, China is forecasted to generate the highest revenue in the Platform Delivery market, amounting to US$166.80bn in 2024.
Additionally, China boasts the highest user penetration rate in the market, with a projected rate of 52.8%.
In Finland, the platform delivery market is thriving with the rise of local on-demand delivery startups catering to the unique needs of Finnish consumers.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Finland has been experiencing steady growth in recent years, driven by a combination of customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Finnish customers are increasingly looking for convenience and efficiency in their daily lives, and this trend has extended to the delivery of goods and services. Platform Delivery services, which allow customers to order and receive products through a digital platform, have become increasingly popular in Finland. Customers appreciate the ease of use and the ability to track their orders in real-time.

Trends in the market: One of the main trends in the Platform Delivery market in Finland is the growth of local players. Finnish companies have been quick to adopt the Platform Delivery model, and many have developed innovative solutions tailored to the specific needs of Finnish customers. This has led to increased competition in the market and has driven innovation and improvement in service quality.Another trend in the Platform Delivery market in Finland is the increasing use of technology to improve efficiency and reduce costs. Companies are investing in new technologies such as automation and artificial intelligence to streamline their operations and improve the customer experience. This trend is expected to continue in the coming years as companies look for ways to stay competitive in a rapidly evolving market.

Local special circumstances: Finland's geography and climate present unique challenges for the Platform Delivery market. The country's long distances and harsh winters make it difficult to deliver products quickly and efficiently. To address these challenges, companies have developed specialized logistics solutions, such as heated delivery boxes and drones, to ensure that products are delivered in a timely and safe manner.

Underlying macroeconomic factors: Finland's strong economy and high standard of living have contributed to the growth of the Platform Delivery market. As consumers become more affluent and time-poor, they are willing to pay a premium for convenience and efficiency. Additionally, Finland's well-developed digital infrastructure and high levels of internet penetration have made it easy for companies to offer Platform Delivery services to a wide audience.In conclusion, the Platform Delivery market in Finland is evolving rapidly, driven by customer preferences, local special circumstances, and underlying macroeconomic factors. Companies that can adapt to these trends and develop innovative solutions are likely to succeed in this dynamic 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.