Platform Delivery - China
China- The Platform Delivery market in China is projected to experience significant growth in the coming years.
- By 2024, the revenue in this market is expected to reach an impressive US$165.20bn.
- This upward trend is anticipated to continue, with a forecasted annual growth rate (CAGR 2024-2028) of 3.94%.
- As a result, the market volume is projected to reach US$192.80bn by 2028.
- Furthermore, the number of users in the Platform Delivery market is expected to increase steadily.
- It is estimated to amount to 830.1m users by 2028.
- This growth in user base is accompanied by an increase in user penetration.
- In 2024, the user penetration is projected to be 51.2%, but it is expected to rise to 56.4% by 2028.
- The average revenue per user (ARPU) is another important metric to consider in the Platform Delivery market.
- It is anticipated to reach US$220.50.
- In terms of global comparison, China is set to generate the majority of the revenue in the Platform Delivery market, with a staggering US$165.20bn expected in 2024.
- This signifies the significant role and potential of the Chinese market in this industry.
- Moreover, China also boasts the highest user penetration rate in the Platform Delivery market, projected to be 51.2%.
- This highlights the strong presence and adoption of platform delivery services in the country.
- "The rise of e-commerce platforms like Alibaba and JD.com in China has led to a booming platform delivery market, with rapid expansion and fierce competition among logistics providers."
- Key regions:
- United States,
- South Korea,
- Asia,
- India,
- Europe
Definition:
The Platform Delivery market focuses on online delivery services that provide customers with meals from partner restaurants that do not necessarily have to offer food delivery themselves. In this case, the platform (e.g. Deliveroo) handles the delivery process.Additional Information:
Revenue includes the gross merchandise value (GMV), defined as the total sales dollar value for merchandise/food sold through the Online Food Delivery marketplace. User and revenue figures represent B2C services.In-Scope
- Online meal order and delivery both carried out by a platform (e.g. Deliveroo)
Out-Of-Scope
- Phone orders
- Meals ordered online which are directly delivered by the restaurant, no matter if ordered via a platform (e.g. Delivery Hero) or a restaurant website (e.g. Domino's)
- Deliveries of non-processed or non-prepared food
