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Platform Delivery - New Zealand

New Zealand

The Platform Delivery market in New Zealand is projected to reach a revenue of NZ US$62.49m by 2024.
This is expected to grow at an annual rate of 4.18% (CAGR 2024-2029), resulting in a projected market volume of NZ US$76.70m by 2029.
Additionally, the number of users in the Platform Delivery market is expected to reach 339.6k users by 2029.
The user penetration rate, which is the proportion of the population using the platform, is projected to be 5.3% in 2024 and is expected to increase to 6.2% by 2029.
Furthermore, the average revenue per user (ARPU) is estimated to be NZ US$223.90.
In comparison to other countries, China is expected to generate the highest revenue in the Platform Delivery market, with an estimated amount of US$166,800.00m in 2024.
Additionally, China has the highest projected user penetration rate in the market, with a rate of 52.8%.
New Zealand is experiencing a surge in platform delivery services, with local businesses utilizing technology to meet the growing demand for convenient and contactless delivery options.

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Analyst Opinion

The Platform Delivery market in New Zealand has been experiencing significant growth in recent years.

Customer preferences: Customers in New Zealand have been increasingly opting for online shopping and delivery services due to the convenience it offers. With the rise of e-commerce, the demand for platform delivery services has increased significantly. Customers are looking for fast, reliable, and cost-effective delivery services, which has led to a surge in demand for platform delivery services in the country.

Trends in the market: One of the major trends in the Platform Delivery market in New Zealand is the adoption of technology to improve delivery services. Companies are investing in technology to enhance their delivery capabilities, such as real-time tracking, automated delivery systems, and data analytics. This has led to increased efficiency and reduced delivery times, which has been a major factor driving the growth of the market.Another trend in the market is the emergence of new players. With the rise of e-commerce, many new players have entered the market, offering specialized delivery services such as same-day delivery, express delivery, and cold chain delivery. This has led to increased competition in the market, which has resulted in companies offering better services at competitive prices.

Local special circumstances: New Zealand's geography and population density have been a major challenge for the Platform Delivery market. The country has a relatively small population spread across a large area, which makes it difficult for companies to offer cost-effective delivery services. However, the rise of e-commerce has led to increased demand for delivery services, which has encouraged companies to invest in technology and infrastructure to overcome these challenges.

Underlying macroeconomic factors: New Zealand's stable economy and high internet penetration rate have been major factors driving the growth of the Platform Delivery market. The country has a strong e-commerce sector, which has been growing rapidly in recent years. This has led to increased demand for platform delivery services, which has encouraged companies to invest in the market.In conclusion, the Platform Delivery market in New Zealand has been experiencing significant growth due to the rise of e-commerce and increasing demand for fast and reliable delivery services. Companies are investing in technology to improve their delivery capabilities, and new players are entering the market, offering specialized services. Although the country's geography and population density present challenges, the stable economy and high internet penetration rate have been major factors driving the growth of 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.