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Platform Delivery - Laos

Laos

The Platform Delivery market in Laos is projected to reach a revenue of US$1.02m in 2024.
It is expected to display an annual growth rate (CAGR 2024-2029) of 11.14%, resulting in a projected market volume of US$1.73m by 2029.
Furthermore, the number of users in the Platform Delivery market is anticipated to amount to 118.3k users by 2029.
The user penetration rate is predicted to be 0.9% in 2024 and is expected to increase to 1.4% by 2029.
Additionally, the average revenue per user (ARPU) is projected to be US$14.35.
In global comparison, China is expected to generate the highest revenue in the Platform Delivery market, with an estimated amount of US$166,800.00m in 2024.
Moreover, China boasts the highest user penetration rate in the Platform Delivery market, projected to reach 52.8%.
Despite its limited infrastructure, Laos is witnessing a growing trend in platform delivery services, driven by the increasing demand for convenient and efficient delivery of goods and services.

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Analyst Opinion

The demand for platform delivery services in Laos has been on the rise in recent years.

Customer preferences: Customers in Laos are increasingly looking for convenience and efficiency in their daily lives, which has led to a surge in demand for platform delivery services. With the growth of e-commerce and online shopping, customers are looking for faster and more reliable delivery options.

Trends in the market: The platform delivery market in Laos is still in its early stages, but it is growing rapidly. The market is becoming increasingly competitive, with new players entering the market and existing players expanding their services. The trend towards digitalization and the increasing use of smartphones is also driving the growth of platform delivery services in Laos.One of the key trends in the platform delivery market in Laos is the focus on last-mile delivery. As more customers are shopping online, there is a growing need for fast and reliable last-mile delivery services. Companies are investing in technology and logistics to improve their last-mile delivery capabilities and meet the growing demand from customers.Another trend in the platform delivery market in Laos is the increasing use of drones for delivery. With the challenging terrain in Laos, drones offer a fast and efficient way to deliver goods to remote areas. Companies are testing and developing drone delivery services to improve delivery times and reach more customers.

Local special circumstances: Laos is a landlocked country with challenging terrain, which presents unique challenges for logistics and delivery. The country has a limited road network, and many areas are only accessible by boat or plane. This makes it difficult and expensive to transport goods across the country.The population of Laos is also relatively small, with only around 7 million people. This means that the market for platform delivery services is still relatively small compared to other countries in the region.

Underlying macroeconomic factors: Laos is one of the fastest-growing economies in Southeast Asia, with an average annual growth rate of around 6% over the past decade. The country is undergoing rapid development, with increasing investment in infrastructure and a growing middle class.The growth of e-commerce and online shopping in Laos is also driving the demand for platform delivery services. As more people shop online, there is a growing need for fast and reliable delivery options.Overall, the platform delivery market in Laos is still in its early stages, but it is growing rapidly. The focus on last-mile delivery and the increasing use of drones are key trends in the market, driven by customer demand for convenience and efficiency. While the challenging terrain and small population present unique challenges, the underlying macroeconomic factors are driving growth in the market.

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.