Quick Commerce (Qcommerce) Market Demand, Insight, 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Quick Commerce (Qcommerce) Market size by value at USD 35.87 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Quick Commerce (Qcommerce) Market size to expand at a CAGR of 35.03% reaching a value of USD 293.56 billion by 2030. The Quick Commerce (Qcommerce) Market across the regions is propelled by the convergence of urbanization, rising disposable incomes, and the digital revolution. Consumers' increasing demand for rapid delivery of essentials, coupled with the rise of on-demand services, is driving the market. While operational costs pose challenges, technological advancements and logistics investments mitigate these risks. The COVID-19 pandemic accelerated the adoption of online shopping, and this trend is expected to continue, further bolstering the growth of India Quick Commerce (Qcommerce) Market in the coming years.
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North America Leads Global Quick Commerce Market
The widespread adoption of smartphones and mobile apps empowers North American consumers to effortlessly access and place orders on Qcommerce platforms, which offer seamless and convenient shopping experiences. For instance, DoorDash's launch of DashMart in March 2022, a rapid delivery service delivering groceries in under 15 minutes in New York City, underscores the region's growing QCommerce presence. The rapid adoption of Qcommerce is driven by the swift delivery of a diverse range of products, including consumables, electronics, and personal care items. Companies are strategically focusing on densely populated areas and prioritizing customer experience through features like real-time tracking, on-time deliveries, and responsive support, further accelerating market growth.
Impact of Escalating Geopolitical Tensions on Global Quick Commerce (Qcommerce) Market
Intensifying geopolitical tensions, such as Russia-Ukraine War and increasing conflicts in the Middle East, could have a multifaceted impact on Global Quick Commerce (Qcommerce) Market. Disruptions in supply chains, increased logistics costs, and trade restrictions could adversely affect the ability of Qcommerce service providers to deliver goods on time and at competitive prices.
Competitive Landscape
Global Quick Commerce (Qcommerce) Market is highly fragmented, with numerous players serving the market. The key players dominating Global Quick Commerce (Qcommerce) Market include Swiggy, DoorDash, Dunzo, Blink Commerce Private Limited (Blinkit), Instacart, Supermarket Grocery Supplies Pvt Ltd (Big Basket), Uber, KiranaKart Technologies Private Limited (Zepto), Getir, Zapp, foodpanda, and Rappi. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
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