Quick Commerce (Q-Commerce) Market Growth Statistics, Revenue and Demand By 2027 - Swiggy Instamart, Blinkit, Instacart, Getir, Jokr, Weezy, and Miss Fresh
The Quick Commerce (Q-Commerce) Market is set to grow at around 42% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry's latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Quick Commerce (Q-Commerce) Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2017-20, the base year 2021, and the forecast period, as cited above, is 2022-27.
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Key Highlights from the Quick Commerce (Q-Commerce) Market Analysis -
-This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
-Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
-A comprehensive review of the leading companies in the Quick Commerce (Q-Commerce) Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
-Fund estimation put in by private firms & governments for the industry's expansion, along with insights into each segment & geographic location, are also covered in this report.
Quick Commerce Key Driver –
The demand for Q-commerce services in several countries such as the US, Italy, China, etc., has been notable during the historical period, owing to the growing number of digital applications for purchasing groceries, beverages, pet care products, etc., coupled with the burgeoning investments by the Quick Commerce companies. In addition, the rising awareness among the consumers about the instant home essentials delivery platforms has been encouraging the Quick Commerce providers to invest massively to improve their services such as fast forward deliveries, diversified product portfolio, etc.
Therefore, the rising spike in online grocery orders would likely increase the investments by the Quick Commerce companies in the forthcoming years, which, in turn, would positively contribute to the growth of the Global Quick Commerce (Q-commerce) Market.
Key Trend in the Q-Commerce Market –
The incorporation of Artificial Intelligence (AI) in Q-commerce is increasing the marketing standards for several companies. Moreover, it has helped in creating a more personalized experience by performing the analysis of customer data sets & by identifying different patterns of consumer behavior. Furthermore, the ongoing technological advancements in AI enable companies to track demand & adjust their inventory in real-time, which would enhance the growth of the market. Thus, the implementation of AI in Quick Commerce led companies to do more accurate target marketing & advertising, enhance customer retention, as well as improve sales process efficiencies.
Quick Commerce Market Segmentation:
The segmentation analysis section of the report focuses on the Quick Commerce (Q-Commerce) Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Product Type
-Grocery
-Snacks & Beverages
-Bath & Beauty
-Baby Essentials
-Home Care
-Others (Pets, Office Supplies, Healthcare, Alcohol, etc.)
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Geographically, the Quick Commerce (Q-Commerce) Market expands across regions: -
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-Gorillas Technologies GmbH
-Flink SE
-Delivery Hero
-Gopuff
-FreshDirect
-Instacart
-Getir
-Jokr
-Weezy
-Miss Fresh
-Grab
-Swiggy Instamart
-Blinkit
-Others
Latest Development by Market Leading Companies –
-In 2022, Getir, an instant delivery start-up announced that it has raised Series E funding to about USD768 million. The investment enables the company to expand its ultra-fast delivery sector as well as to develop proposition & technology so as to attract more & more customers.
-In 2022, BigBasket planned to set up 300 dark stores across India with the goal to serve 300,000 orders per day.
-In 2021, Swiggy announced an investment of around USD700 million in express grocery delivery service, Instamart, so as to intensify the competition in the fast-moving Quick Commerce space in India.
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