The demand for Platform Delivery services in Saudi Arabia has been on the rise in recent years.
Customer preferences: One of the main reasons for this growth is the increasing consumer preference for online shopping and home delivery services. With the rise of e-commerce platforms and the convenience they offer, more and more consumers are opting to shop online and have their purchases delivered to their doorstep. This has led to a surge in demand for Platform Delivery services across the country.
Trends in the market: Another trend that is driving the growth of the Platform Delivery market in Saudi Arabia is the increasing popularity of food delivery services. With busy lifestyles and a growing number of people working from home, many consumers are relying on food delivery services to get their meals delivered to them. This has led to the emergence of several food delivery platforms in the country, which are driving the growth of the Platform Delivery market.
Local special circumstances: Saudi Arabia is a country with a large expat population, and many of these expats prefer to use online platforms for their shopping needs. This has created a unique market opportunity for Platform Delivery services, as these consumers often require delivery services for items that are not readily available in local stores. Additionally, the country has a large youth population, which is tech-savvy and comfortable with using online platforms for their shopping needs.
Underlying macroeconomic factors: The growth of the Platform Delivery market in Saudi Arabia is also being driven by the country's strong economic growth and high levels of disposable income. As the economy continues to expand, more consumers are able to afford the convenience of online shopping and home delivery services. Additionally, the government has been investing heavily in the development of digital infrastructure in the country, which has helped to facilitate the growth of the Platform Delivery market. Overall, the Platform Delivery market in Saudi Arabia is expected to continue to grow in the coming years, driven by these underlying macroeconomic factors and changing consumer preferences.
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.
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