Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Republic of the Congo

Republic of the Congo

Revenue in the Platform Delivery market in the Republic of the Congo is projected to reach US$184.60k in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 13.07%, resulting in a projected market volume of US$341.10k by 2029.
In the Platform Delivery market in the Republic of the Congo, the number of users is expected to amount to 44.5k users by 2029.
User penetration will be 0.4% in 2024 and is expected to hit 0.6% by 2029.
The average revenue per user (ARPU) is expected to amount to US$7.37.
In global comparison, most revenue will be generated China, with a projected amount of US$166,800.00m in 2024.
With a projected rate of 52.8%, the user penetration in the Platform Delivery market is highest China.
In the Republic of the Congo, the platform delivery market is rapidly growing, driven by the increasing demand for efficient and convenient delivery services in urban areas.

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Analyst Opinion

The Platform Delivery market in Republic of the Congo has been developing at a steady pace in recent years.

Customer preferences: The growing popularity of online shopping has led to an increase in demand for platform delivery services in Republic of the Congo. Customers are increasingly looking for convenience and speed when it comes to receiving their purchases, and platform delivery companies are meeting this demand by offering fast and reliable delivery services.

Trends in the market: One of the major trends in the Platform Delivery market in Republic of the Congo is the increasing use of technology to improve delivery services. Many platform delivery companies are investing in new technologies such as drones and autonomous vehicles to make deliveries faster and more efficient. Additionally, there is a growing trend towards same-day and next-day delivery services, as customers expect their purchases to arrive as quickly as possible.

Local special circumstances: The Platform Delivery market in Republic of the Congo faces unique challenges due to the country's geography and infrastructure. The country's vast rainforest and lack of developed road networks make delivery to remote areas difficult and expensive. Additionally, the country's political instability can also pose challenges for platform delivery companies operating in the region.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Republic of the Congo can be attributed to a number of underlying macroeconomic factors. The country's growing middle class and increasing internet penetration have led to a rise in e-commerce, which in turn has driven demand for platform delivery services. Additionally, the government's efforts to improve the country's infrastructure and promote economic growth have created a more favorable business environment for platform delivery companies.

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.