Platform Delivery - North Macedonia

North Macedonia

Highlights

The Platform Delivery market in North Macedonia is projected to reach a revenue of US$1.56m in 2024.
It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 9.84%, resulting in a projected market volume of US$2.49m by 2029.
The number of users in the Platform Delivery market is estimated to reach 102.2k users by 2029.
The user penetration is expected to be 3.1% in 2024 and is projected to increase to 4.9% by 2029.
The average revenue per user (ARPU) is anticipated to be US$23.85.
In a global comparison, China is expected to generate the highest revenue in the Platform Delivery market, amounting to US$166.80bn in 2024.
Additionally, China has the highest projected user penetration rate of 52.8% in the Platform Delivery market.
North Macedonia's platform delivery market is rapidly growing, driven by the increasing demand for convenient and efficient online shopping services.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in North Macedonia has been steadily growing in recent years, driven by various factors such as increasing internet penetration, rising demand for online services, and the growth of e-commerce.

Customer preferences: Consumers in North Macedonia are increasingly turning to online platforms for their shopping needs. This has led to a rise in demand for delivery services, as customers expect quick and reliable delivery of their orders. There is also a growing preference for mobile apps and online platforms that offer a seamless and convenient user experience.

Trends in the market: One of the key trends in the Platform Delivery market in North Macedonia is the increasing adoption of technology and automation. Delivery companies are investing in new technologies such as drones, autonomous vehicles, and artificial intelligence to improve their efficiency and speed of delivery. Another trend is the rise of same-day and on-demand delivery services, which are becoming increasingly popular among customers who value speed and convenience.

Local special circumstances: North Macedonia is a small country with a relatively small population, which means that the Platform Delivery market is still in its early stages of development. However, the country's strategic location at the crossroads of Europe and Asia makes it an attractive market for logistics companies looking to expand their operations in the region. Additionally, the country's government has been implementing policies to attract foreign investment and support the growth of the digital economy, which is expected to further boost the development of the Platform Delivery market.

Underlying macroeconomic factors: The growth of the Platform Delivery market in North Macedonia is closely tied to the country's overall economic development. As the country's economy continues to grow, more consumers are expected to have access to online services and e-commerce, which will drive demand for delivery services. Additionally, the government's efforts to improve infrastructure and attract foreign investment are expected to create more opportunities for logistics companies to expand their operations in the country.

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.