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Global Hyperlocal Delivery App Market – Industry Trends and Forecast to 2031

ICT | Upcoming Report | May 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Hyperlocal Delivery App Market, By Type (Web-Based Hyperlocal Delivery Apps and Mobile-Based Hyperlocal Delivery Apps), Industry (Retail & CPG, Medical & Healthcare, Food & Beverages, Courier Express & Parcel, and Others) - Industry Trends and Forecast to 2031.


Hyperlocal Delivery App Market Analysis and Size

Growing consumer preference for convenience and quick access to goods and services is boosting the need for integration of advanced technologies such as AI and machine learning to optimize delivery routes, enhance order accuracy, and personalize user experiences. Additionally, there is a notable rise in partnerships between hyperlocal delivery apps and local businesses, fostering community engagement and supporting small-scale enterprises. Moreover, sustainability initiatives such as eco-friendly packaging and green logistics are gaining traction. Overall, the hyperlocal delivery app landscape continues to evolve rapidly, with innovation and adaptation to changing consumer needs driving its trajectory.

The global hyperlocal delivery app market was valued at USD 1.71 billion in 2023 and is expected to reach USD 8.70 billion by 2031, registering a CAGR of 22.6% during the forecast period of 2024-2031. “Web-Based Hyperlocal Delivery Apps” segment dominate the market due to its accessibility across various devices without the need for additional downloads, providing convenience and seamless user experiences. Moreover, web-based platforms offer flexibility and scalability, enabling easier integration with existing systems and reaching a broader audience than mobile-only counterparts. Moreover, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Web-Based Hyperlocal Delivery Apps and Mobile-Based Hyperlocal Delivery Apps), Industry (Retail & CPG, Medical & Healthcare, Food & Beverages, Courier Express & Parcel, and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

Jungleworks (India), Fareye (India), Bringg (Israel), Shippo (U.S.), Loginext (India), Shipstation (U.S.), Anchanto (Singapore), Stamps (U.S.), and Skedulo (U.S.)

Market Opportunities

  • Growing E-Commerce Ecosystem
  • Localized Marketing and Personalization

Market Definition

A hyperlocal delivery app is a mobile or web-based application that connects consumers with local businesses and facilitates the delivery of goods and services within a specific geographic area. These apps typically offer a range of products or services from nearby merchants, allowing users to order items such as food, groceries, medications, or other essentials. The key feature of hyperlocal delivery apps is their focus on quick and efficient delivery within a limited radius, often leveraging GPS technology to ensure timely arrivals. These apps have gained popularity due to their convenience, enabling users to access goods from local vendors without the need to visit physical stores.  

Hyperlocal Delivery App Market Dynamics

Drivers

  • Rapid Urbanization Across Various Regions

As urban populations surge globally, the demand for convenience-driven services such as hyperlocal delivery apps intensify. Urban dwellers, accustomed to fast-paced lifestyles, seek instant access to goods and services, propelling the growth of hyperlocal delivery platforms. This driver signifies a vast market potential fueled by the concentration of population in urban centers, thereby increasing demands for convenience-driven services.

  • Technological Advancements in Mobile Applications, Logistics, and Data Analytics

Continuous technological advancements, particularly in mobile applications, logistics, and data analytics, drive innovation within the market. Enhanced GPS tracking, route optimization algorithms, and seamless user interfaces optimize delivery processes, ensuring efficiency and customer satisfaction. Technological progress catalyzes the expansion and refinement of hyperlocal delivery services, fostering competitive advantages for market players.

Opportunities

  • Growing E-Commerce Ecosystem

The thriving e-commerce landscape presents a significant opportunity for hyperlocal delivery apps. With the increasing popularity of online shopping, there is a growing need for efficient last-mile delivery services. Hyperlocal delivery platforms can capitalize on this trend by partnering with e-commerce businesses, offering swift and reliable delivery solutions, thus expanding their market reach and revenue potential.

  • Localized Marketing and Personalization

Hyperlocal delivery apps can leverage localized marketing strategies and personalization to enhance customer engagement and loyalty. By analysing user data and preferences at a granular level, these platforms can tailor their offerings, promotions, and recommendations to specific individual or users. This level of customization not only improves the overall user experience but also fosters stronger brand loyalty and increased customer retention, driving sustained growth and profitability for hyperlocal delivery services.

Restraint/Challenge

  • Logistical Challenges such as Traffic Congestion and Unpredictable Weather Conditions

 Despite technological advancements, logistical challenges remain a significant restraint for the global hyperlocal delivery app market. Issues such as traffic congestion, unpredictable weather conditions, and infrastructure limitations in certain regions can hinder the timely and cost-effective delivery of goods. Overcoming these logistical hurdles requires substantial investment in infrastructure, strategic planning, and innovative solutions, these factors can hinder market growth.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In June 2020, Flipkart announced that it utilized the last-mile capabilities of its USD 60 million investment in Shadowfax, a logistics startup. This strategic move benefited Flipkart by enhancing its delivery network and efficiency. Shadowfax operates as a logistics platform specializing in providing hyperlocal delivery services, facilitating the delivery of goods from local stores and warehouses to customers' doorsteps. By leveraging Shadowfax's expertise, Flipkart improved its last-mile delivery services, ensuring faster and more reliable customer fulfillment

Hyperlocal Delivery App Market Scope

The market is segmented on the type and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Web-Based Hyperlocal Delivery Apps
  • Mobile-Based Hyperlocal Delivery Apps

Industry

  • Retail & CPG
  • Medical & Healthcare
  • Food & Beverages
  • Courier Express & Parcel
  • Others

Hyperlocal Delivery App Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, and industry as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.    

North America dominates and is the fastest growing region in the market primarily due to its highly developed e-commerce ecosystem and widespread adoption of smartphone technology, facilitating seamless access to on-demand delivery services. In addition, the region's robust logistics infrastructure and consumer preferences for convenience contribute to its market leadership in hyperlocal delivery solutions.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.      

Competitive Landscape and Hyperlocal Delivery App Market Share Analysis

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Jungleworks (India)
  • Fareye (India)
  • Bringg (Israel)
  • Shippo (U.S.)
  • Loginext (India)
  • Shipstation (U.S.)
  • Anchanto (Singapore)
  • Stamps (U.S.)
  • Skedulo (U.S.)


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