Platform Delivery - Lithuania

Lithuania

Highlights

The Platform Delivery market in Lithuania is projected to reach a revenue of US$31.63m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 5.55%, resulting in a projected market volume of US$41.43m by 2029.
In Lithuania, the number of users in the Platform Delivery market is expected to amount to 679.9k users by 2029.
The user penetration rate is projected to be 20.8% in 2024 and is expected to increase to 26.4% by 2029.
The average revenue per user (ARPU) in Lithuania is expected to be US$56.39.
When comparing globally, China is expected to generate the most revenue in the Platform Delivery market, reaching US$166.80bn in 2024.
Furthermore, China has the highest projected user penetration rate in the Platform Delivery market, with a rate of 52.8%.
Lithuania is experiencing a surge in platform delivery services, driven by increasing demand for convenient and efficient online shopping experiences.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Lithuania is experiencing a steady growth in recent years, with a notable increase in demand for online shopping and delivery services.

Customer preferences: The Lithuanian population has shown a growing preference for online shopping, with a significant increase in e-commerce sales in recent years. This trend has led to an increased demand for efficient and reliable platform delivery services, with customers seeking fast and convenient delivery options.

Trends in the market: The Platform Delivery market in Lithuania is becoming increasingly competitive, with new players entering the market and existing providers expanding their services. This has led to a wider range of delivery options, including same-day and next-day delivery, as well as more flexible delivery times.

Local special circumstances: Lithuania's strategic location in the Baltic region has made it an attractive destination for logistics and transportation companies, with many providers using Lithuania as a hub for their operations in the wider region. This has led to a highly developed logistics infrastructure, with modern warehouses and transport networks providing efficient and reliable delivery services.

Underlying macroeconomic factors: Lithuania's strong economic growth in recent years has contributed to the growth of the Platform Delivery market, with a growing middle class and increasing disposable income driving demand for online shopping and delivery services. The government's efforts to improve the business environment and attract foreign investment have also contributed to the growth of the logistics and transportation sector in Lithuania.

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.