Platform Delivery - Uzbekistan

Uzbekistan

Highlights

The revenue forecast for Uzbekistan's Platform Delivery market is estimated to reach US$5.63m in 2024.
It is expected to experience a steady annual growth rate of 9.74% (CAGR 2024-2029), resulting in a projected market volume of US$8.95m by 2029.
Furthermore, the number of users in the Platform Delivery market is anticipated to reach 697.2k users by 2029.
The user penetration rate, which currently stands at 1.2% in 2024, is expected to rise to 1.8% by 2029.
The average revenue per user (ARPU) is projected to be US$13.34.
In comparison to other countries, China is set to generate the highest revenue in the Platform Delivery market, reaching US$166.80bn in 2024.
Additionally, China boasts the highest user penetration rate at 52.8%.
With the rise of e-commerce in Uzbekistan, platform delivery services are experiencing significant growth and are becoming essential for businesses to reach their customers efficiently.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Uzbekistan is experiencing growth due to several factors.

Customer preferences: Uzbekistan has a young and tech-savvy population, which has contributed to the growing demand for Platform Delivery services. Customers are increasingly looking for convenience and speed, which Platform Delivery services can provide. Additionally, the COVID-19 pandemic has accelerated the adoption of e-commerce and online services, further driving demand for Platform Delivery.

Trends in the market: The Platform Delivery market in Uzbekistan is still in its early stages, with a few dominant players. However, there has been an influx of new entrants, both domestic and international, which has increased competition. This has led to a focus on innovation and differentiation, with companies offering new services such as same-day delivery and expanded product offerings. Furthermore, there has been a trend towards partnerships and collaborations between Platform Delivery companies and traditional brick-and-mortar retailers, as both parties seek to benefit from each other's strengths.

Local special circumstances: Uzbekistan's geography and infrastructure present unique challenges for Platform Delivery companies. The country has a large rural population, which can be difficult to reach with traditional delivery methods. Additionally, the road network is not as developed as in other countries, which can lead to longer delivery times and higher costs. However, these challenges also present opportunities for Platform Delivery companies to innovate and develop new delivery methods, such as drone delivery.

Underlying macroeconomic factors: Uzbekistan's economy has been growing steadily in recent years, which has led to an increase in consumer spending. Additionally, the government has been implementing reforms to improve the business environment and attract foreign investment. This has led to an increase in the number of startups and small businesses, which has in turn driven demand for Platform Delivery services. However, the country still faces challenges such as corruption and a lack of transparency, which can make it difficult for foreign companies to enter the market.

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.