Platform Delivery - Kyrgyzstan

Kyrgyzstan

Highlights

The Platform Delivery market in Kyrgyzstan is projected to reach a revenue of US$613.90k by 2024.
Furthermore, it is expected to experience an annual growth rate (CAGR 2024-2029) of 10.69%, resulting in a projected market volume of US$1.02m by 2029.
The number of users in the Platform Delivery market is also anticipated to increase to 83.2k users by 2029.
In terms of user penetration, it is predicted to reach 0.7% in 2024 and is expected to rise to 1.1% by 2029.
The average revenue per user (ARPU) is estimated to be US$12.25.
In a global context, China is expected to generate the highest revenue in the Platform Delivery market, amounting to US$166.80bn in 2024.
Additionally, China will have the highest user penetration rate in the Platform Delivery market, projected at 52.8%.
Kyrgyzstan's platform delivery market is experiencing a surge in demand due to the country's growing e-commerce sector.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Kyrgyzstan, a country in Central Asia, has seen a steady growth in the Platform Delivery market in recent years.

Customer preferences: Kyrgyzstan has a young population that is tech-savvy and prefers convenience in their daily lives. This has led to an increase in demand for online shopping and food delivery services. Customers are looking for affordable and efficient delivery options that can save them time and effort.

Trends in the market: The Platform Delivery market in Kyrgyzstan has seen a surge in the number of players in recent years. Local startups and international players have entered the market, leading to increased competition. Companies are offering a range of services from food delivery to grocery delivery, making it easier for customers to access essential goods. The market has also seen a trend towards contactless delivery options, which has become more important during the COVID-19 pandemic.

Local special circumstances: Kyrgyzstan has a unique geography, with a large portion of the population living in rural areas. This has presented a challenge for companies looking to expand their delivery services outside of urban centers. However, some companies have been able to overcome this challenge by partnering with local businesses to offer delivery services in remote areas.

Underlying macroeconomic factors: Kyrgyzstan has a growing economy, with a focus on developing its technology sector. The government has introduced policies to support startups and encourage innovation, which has led to an increase in the number of tech companies in the country. This has created a favorable environment for the Platform Delivery market to thrive. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping and delivery services, which has further boosted the growth of the 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.