Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Slovakia

Slovakia

The Platform Delivery market in Slovakia is projected to reach a revenue of US$12.35m in 2024.
This forecast anticipates an annual growth rate (CAGR 2024-2029) of 5.50%, resulting in a projected market volume of US$16.14m by 2029.
Furthermore, the number of users in the Platform Delivery market is expected to reach 463.9k users by 2029.
The user penetration rate is predicted to be 6.6% in 2024 and is expected to increase to 8.3% by 2029.
Moreover, the average revenue per user (ARPU) is estimated to be US$33.00.
In global comparison, China is projected to generate the highest revenue in the Platform Delivery market, reaching US$166,800.00m in 2024.
Additionally, China is expected to have the highest user penetration rate in the market, with a projected rate of 52.8%.
Slovakia's platform delivery market is experiencing a surge in demand due to the country's growing e-commerce sector.

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Analyst Opinion

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

Customer preferences: Slovakian customers have shown a growing preference for online shopping and home delivery services, which has led to an increase in demand for platform delivery services. Customers are looking for fast and reliable delivery options, and are willing to pay a premium for these services. Additionally, the COVID-19 pandemic has further accelerated the shift towards online shopping and delivery services.

Trends in the market: The Platform Delivery market in Slovakia is becoming increasingly competitive, with both domestic and international players entering the market. These players are offering a wide range of delivery options, including same-day delivery and pick-up points. There is also a trend towards the use of technology to improve delivery services, such as the use of drones and autonomous vehicles.

Local special circumstances: Slovakia's geography and infrastructure present some unique challenges for platform delivery services. The country's mountainous terrain and lack of major highways can make delivery times longer and more expensive. Additionally, many Slovakian consumers live in smaller towns and villages, which can be more difficult and expensive to reach.

Underlying macroeconomic factors: Slovakia's strong economic growth and increasing disposable income levels have contributed to the growth of the Platform Delivery market. Additionally, Slovakia's membership in the European Union has made it easier for international players to enter the market. However, the country's relatively small population and limited market size may limit the growth potential of the Platform Delivery market in the long term.

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.