Platform Delivery - Zimbabwe

Zimbabwe

Highlights

The projected revenue in the Platform Delivery market in Zimbabwe is expected to reach US$1.50m in 2024.
This is anticipated to show an annual growth rate (CAGR 2024-2029) of 12.46%, resulting in a projected market volume of US$2.70m by 2029.
In Zimbabwe's Platform Delivery market, the number of users is expected to amount to 189.3k users by 2029.
The user penetration rate, which measures the proportion of the population using the platform, is projected to increase from 0.7% in 2024 to 1.0% by 2029.
The average revenue per user (ARPU) is expected to amount to US$13.51.
When comparing in Zimbabwe to other countries globally, it is worth noting that China is expected to generate the highest revenue in the Platform Delivery market, reaching US$166.80bn in 2024.
Additionally, China is projected to have the highest user penetration rate of 52.8% in the Platform Delivery market.
Zimbabwe's platform delivery market is rapidly growing, driven by the increasing demand for convenient and efficient delivery services in the country.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Zimbabwe has been steadily growing in recent years, driven by a combination of customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Zimbabwean consumers are increasingly turning to online platforms for their shopping needs, as they offer greater convenience and a wider range of products. This has led to a surge in demand for platform delivery services, as customers seek faster and more reliable delivery options. Additionally, the COVID-19 pandemic has accelerated this trend, as more consumers are choosing to shop online to avoid crowded stores and minimize their risk of exposure to the virus.

Trends in the market: The Platform Delivery market in Zimbabwe is highly competitive, with a number of local and international players vying for market share. One trend that has emerged in recent years is the rise of hyperlocal delivery services, which specialize in delivering goods within a specific geographic area. These services have proven popular with both consumers and businesses, as they offer faster delivery times and lower costs than traditional delivery options. Another trend is the increasing use of technology to optimize delivery routes and improve efficiency, as companies seek to reduce costs and improve customer satisfaction.

Local special circumstances: Zimbabwe faces a number of unique challenges that have influenced the development of the Platform Delivery market. One of the biggest challenges is the country's underdeveloped transportation infrastructure, which can make it difficult and expensive to deliver goods to certain areas. Additionally, Zimbabwe has a large informal economy, which can make it difficult for platform delivery companies to reach certain segments of the population.

Underlying macroeconomic factors: The Platform Delivery market in Zimbabwe is also influenced by underlying macroeconomic factors, such as inflation and currency fluctuations. Zimbabwe has experienced high levels of inflation in recent years, which has made it difficult for businesses to operate and for consumers to afford goods and services. Additionally, the country has faced currency shortages, which can make it difficult for platform delivery companies to pay for goods and services in foreign currencies. Despite these challenges, however, the Platform Delivery market in Zimbabwe is expected to continue to grow in the coming years, as more consumers turn to online shopping and as the government works to improve the country's infrastructure and economic stability.

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.