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Retail Delivery - India

India

The Reail Delivery market in India is expected to witness tremendous growth in the coming years.
According to projections, the revenue in this market is estimated to reach INR €25.32bn by 2024.
This growth is projected to continue at an annual growth rate of 18.80% from 2024 to 2029, resulting in a market volume of INR €59.92bn by 2029.
In terms of user numbers, the Reail Delivery market in India is expected to have approximately 222.1m users users by 2029.
This indicates a significant increase from the projected user penetration of 10.4% in 2024 to an estimated 14.8% by 2029.
The average revenue per user (ARPU) is predicted to be INR €168.60 in the Reail Delivery market in India.
In a global comparison, it is worth noting that United States is expected to generate the highest revenue in the Reail Delivery market, with an estimated value of INR €181,200.00m in 2024.
When it comes to user penetration, United States is projected to have the highest rate at 30.4% in the Reail Delivery market.
This indicates that a significant portion of the population United States will be utilizing retail delivery services.
Overall, the Reail Delivery market in India is set to experience substantial growth, with impressive revenue projections and an increasing number of users.
This presents a lucrative opportunity for businesses operating in this sector.
India's retail delivery market is experiencing a surge in demand for e-commerce services, fueled by the country's growing middle class and increasing internet penetration.

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Analyst Opinion

The Retail Delivery market in India has been experiencing significant growth in recent years, driven by a combination of factors such as changing customer preferences, increasing adoption of technology, and local special circumstances.

Customer preferences: Indian consumers are becoming increasingly tech-savvy and are demanding faster and more convenient delivery options. As a result, there has been a surge in demand for online shopping and home delivery services. Customers are also looking for more personalized experiences and are willing to pay a premium for faster and more reliable delivery services.

Trends in the market: The Retail Delivery market in India is witnessing a shift towards hyperlocal delivery services, which are becoming increasingly popular in urban areas. This trend is being driven by the increasing demand for faster and more efficient delivery services, as well as the need for businesses to differentiate themselves in a highly competitive market.Another trend in the market is the increasing use of technology to improve delivery efficiency. This includes the use of drones, autonomous vehicles, and other advanced technologies to streamline the delivery process and reduce delivery times.

Local special circumstances: One of the unique challenges facing the Retail Delivery market in India is the country's highly fragmented logistics infrastructure. India has a large number of small, independent logistics providers, which can make it difficult for businesses to find reliable and cost-effective delivery partners.Another challenge is the country's complex regulatory environment, which can make it difficult for businesses to navigate the market and comply with local laws and regulations.

Underlying macroeconomic factors: The growth of the Retail Delivery market in India is being driven by a combination of factors, including the country's rapidly growing middle class, increasing urbanization, and rising disposable incomes. These factors are expected to continue to drive growth in the market in the coming years.In addition, the Indian government's push for digitalization and the adoption of new technologies is also expected to drive growth in the Retail Delivery market. This includes initiatives such as the Digital India program, which aims to transform India into a digitally empowered society and knowledge economy.

Methodology

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.