Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Nordics

Nordics

The Platform Delivery market in the Nordics is anticipated to witness a significant growth in revenue, with projections indicating a staggering amount of US$293.70m by the year 2024.
This growth is expected to continue steadily, with an estimated annual growth rate (CAGR 2024-2029) of 5.34%, resulting in a projected market volume of US$381.00m by 2029.
The number of users in the Platform Delivery market is also expected to rise substantially, reaching approximately 3.3m users by 2029.
This indicates a significant increase in user penetration, which is predicted to be 9.6% in 2024 and is projected to reach 11.5% by 2029.
Furthermore, the average revenue per user (ARPU) is estimated to be US$109.10 in the Nordics.
This metric provides insight into the revenue generated per individual user within the market.
In a global context, it is worth noting that China is anticipated to generate the highest revenue in the Platform Delivery market, with an estimated amount of US$166,800.00m in 2024.
Additionally, China is projected to have the highest user penetration rate of 52.8% within this market.
In the Nordics, the Platform Delivery market is experiencing a surge in demand due to the region's strong digital infrastructure and tech-savvy population.

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for Platform Delivery services in the Nordics has been increasing steadily over the past few years.

Customer preferences: Customers in the Nordics are known to be tech-savvy and have a high adoption rate of new technologies. This has led to a growing demand for Platform Delivery services, which provide a convenient and efficient way to access digital products and services. Customers in the region also value sustainability and are willing to pay more for environmentally friendly services.

Trends in the market: One of the major trends in the Platform Delivery market in the Nordics is the increasing popularity of e-commerce platforms. With more people shopping online, there is a growing demand for efficient and reliable delivery services. Another trend is the rise of on-demand delivery services, which allow customers to receive their orders within a shorter timeframe. Additionally, there has been an increase in the number of companies offering Platform Delivery services, leading to greater competition in the market.

Local special circumstances: The Nordics have a unique geography, with many remote areas that are difficult to access. This has led to a greater demand for Platform Delivery services, particularly in rural areas where traditional delivery methods may not be feasible. Additionally, the region has a strong focus on sustainability, with many companies offering eco-friendly delivery options such as electric vehicles and bicycles.

Underlying macroeconomic factors: The Nordics have a strong economy with high levels of disposable income, which has contributed to the growth of the Platform Delivery market. Additionally, the region has a well-developed infrastructure and a high level of digitalization, making it an attractive market for companies offering Platform Delivery services. The Nordics also have a strong focus on innovation, with many startups and established companies working on new technologies to improve the delivery experience for customers.

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.