The global hyperlocal delivery app market is predicted to reach a valuation of around US$ 8,856.6 Million in 2032, with sales growing at a stellar CAGR of 22.6% from 2022 to 2032. The hyperlocal delivery app market is likely to reach an estimated value of US$ 1,155.2 Million by the end of 2022.
The market currently accounts for around 25% of the market share of the e-commerce platform. Elevated demand for speedy delivery applications with enhanced efficiency and minimal investment requirements is promoting the adoption of hyperlocal delivery apps in the delivery process.
Integration of advanced technological tools like artificial intelligence provides benefits like on-time delivery, optimized efficiency, and cost reduction resulting in fast turnaround times. This boosts the adoption rates of hyperlocal delivery apps. The incorporation of blockchain, too, ensures an accurate and hassle-free delivery process as it removes the hassles arising from hyperlocal logistics.
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Digitalization is transforming various industry verticals all over the world. It enables organizations to connect, communicate, and engage better with consumers as well as other businesses. The rapid adoption of digitalization by different e-commerce verticals to improve their supply chain interaction is expected to augment the demand for hyperlocal delivery apps in the global market. Moreover, the adoption of digitalization will attract tech-savvy, convenience-seeking Gen-Z consumers. This will bode well for the hyperlocal delivery apps market.
Key Takeaways from the Hyperlocal Delivery Apps Market Report:
- Elimination of hindrances like warehousing, long-distance transportation, and logistic fragments to boost market possibilities.
- Incorporation of AI and Blockchain to optimize app efficiency.
- South Asia and Pacific to become the fastest growing hyperlocal delivery app market.
- China is expected to present lucrative market opportunities over the forecast period.
- Technological improvements to promote market growth in the U.S.
- Dawn of q-commerce deliveries to drive sales in the hyperlocal delivery apps market
- Mobile-based hyperlocal delivery apps to account for US$ 5,943.1 Million opportunity by 2032.
- The food service sector to bolster the hyperlocal delivery apps market over the assessment period with a 21.6% CAGR.
More Insights into the Hyperlocal Delivery Apps Market Report:
In its latest report, FMI offers an unbiased analysis of the global hyperlocal delivery app market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032.
To understand the global market potential, growth, and capacity, the market is segmented based on type (web-based hyperlocal delivery app, mobile-based hyperlocal delivery app), industry (retail & CPG, medical & healthcare, food & beverages, courier express & parcel, others), and region.
Leading Key Players:
- Click post
- Jungleworks
- Fare ye
- Bringg
- Shippo
- Loginext
- Shipstation
- Anchanto
- Stamps
- Skedulo
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Hyperlocal Delivery Apps Market Segmentation:
By Type:
- Web-based hyperlocal delivery apps
- Mobile-based hyperlocal delivery apps
By Industry:
- Retail & CPG
- Medical & Healthcare
- Food & Beverages
- Courier Express & Parcel
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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