Retail Delivery - Asia

Asia

Highlights

The Reail Delivery market in Asia is poised to achieve impressive revenue growth, with projections indicating that it will reach a staggering US$287.30bn by 2024.
This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2028) of 13.42%.
As a result, the market volume is projected to reach US$475.40bn by 2028.
In terms of user numbers, the Reail Delivery market in Asia is forecasted to attract a significant user base, with an estimated 1.0bn users users by 2028.
This represents a substantial increase from the expected user penetration of 16.6% in 2024 to a projected 21.7% by 2028.
When it comes to average revenue per user (ARPU), the Reail Delivery market in Asia is anticipated to reach an impressive US$380.60.
This metric highlights the potential profitability and value offered by this market.
In a global comparison, United States emerges as the frontrunner in terms of revenue generation, with an estimated revenue of US$195.40bn projected for 2024.
This showcases the immense potential and attractiveness of the Chinese market within the Reail Delivery market.
Furthermore, United States leads the way in terms of user penetration, with a projected rate of 30.7% in the Reail Delivery market.
This signifies the high level of user adoption and engagement United States compared to other countries in Asia.
Overall, the Reail Delivery market in Asia presents a promising landscape for growth and expansion, with significant revenue potential and a large user base.
In China, the retail delivery market is experiencing rapid growth due to the increasing popularity of e-commerce platforms like Alibaba and JD.com.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Retail Delivery market of Online Grocery Delivery dominates the market. Retailers were able to scale their online channels rapidly during the COVID-19 lockdowns to meet the exponential rise in customer demand. Retailers still need to look for ways to attract more customers to keep up with the competition. Walmart for example introduced a service where the delivery driver would deliver groceries to the customer’s fridge.

The growth rates of 2022 will see a slight decline in comparison to 2020 and 2021 due to the uncertainty of macroeconomic factors. Although China has a steady lead over the rest of the regions, the U.S. market shows strong growth signals in our forecast. This is due to the high demand and rapid rise of grocery spending per capita.

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.