Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Mongolia

Mongolia

The Platform Delivery market in Mongolia is projected to reach a revenue of US$251.60k by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 13.36%, resulting in a projected market volume of US$471.00k by 2029.
Additionally, the number of users in the Platform Delivery market is expected to reach 59.0k users by 2029.
The user penetration rate is predicted to be 1.0% in 2024 and is expected to increase to 1.6% by 2029.
The average revenue per user (ARPU) is anticipated to amount to US$7.15.
In comparison to other countries, China is projected to generate the highest revenue in the Platform Delivery market, amounting to US$166,800.00m in 2024.
Furthermore, China is expected to have the highest user penetration rate in the market, with a projected rate of 52.8%.
In Mongolia, the platform delivery market is experiencing rapid growth due to the increasing demand for online shopping and the need for efficient and reliable delivery services in remote areas.

Market

Region

Region comparison

Currency

Analyst Opinion

The Platform Delivery market in Mongolia has been developing rapidly in recent years.

Customer preferences: Mongolian customers are increasingly demanding more efficient and convenient delivery services. The growth of e-commerce has led to an increase in demand for delivery services, especially in urban areas. Customers are looking for faster delivery times, real-time tracking, and more flexible delivery options.

Trends in the market: The Platform Delivery market in Mongolia is experiencing a shift towards digitalization. The use of mobile applications for ordering and tracking deliveries has become more prevalent. Companies are investing in technology to improve their delivery services, including the use of drones and robots. There is also a trend towards the integration of logistics services, such as warehousing and transportation, to provide end-to-end solutions.

Local special circumstances: Mongolia's vast and sparsely populated geography presents unique challenges for the delivery industry. The country's underdeveloped road infrastructure and harsh climate conditions can make it difficult to deliver goods efficiently. Additionally, the majority of the population lives in urban areas, making last-mile delivery a key challenge for companies operating in the country.

Underlying macroeconomic factors: Mongolia's economy has been growing steadily in recent years, driven by the mining industry and foreign investment. This has led to an increase in consumer spending and a growing middle class, which has contributed to the growth of e-commerce and the demand for delivery services. However, the country's economy remains heavily dependent on commodity exports, which can be volatile and subject to fluctuations in global demand and prices.

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.