What Is The Current and Historic Market Size Analysis Of The Hyperlocal Delivery App Market?
The hyperlocal delivery app market has seen considerable growth due to a variety of factors.
• The hyperlocal delivery app market has grown exponentially in recent years. It is expected to increase from $2.09 billion in 2024 to $2.64 billion in 2025, reflecting a CAGR of 26.3%.
The growth can be attributed to the rising demand for hyperlocal delivery apps, rapid urbanization across regions, localized marketing, increasing smartphone usage, and more people ordering food online.
What Is The Forecast For The Hyperlocal Delivery App Market Size?
The hyperlocal delivery app market is expected to maintain its strong growth trajectory in upcoming years.
• The hyperlocal delivery app market is anticipated to reach $6.63 billion by 2029, growing at a CAGR of 25.9%.
Growth is driven by increasing investments, the expanding e-commerce ecosystem, the demand for fast delivery, changing food habits, busy lifestyles, and growing smartphone penetration. Trends in this market include the adoption of digital logistics tools, rising Q-business popularity, increased smartphone use, product standardization, and digital transformation.
What Are The Essential Drivers Behind The Growth Of The Hyperlocal Delivery App Market?
The growth of the e-commerce ecosystem is expected to contribute to the hyperlocal delivery app market. Factors like increased internet penetration, smartphones, and the shift to online shopping are expanding e-commerce. Hyperlocal delivery apps facilitate fast, efficient last-mile delivery, improving customer satisfaction and supporting local businesses. For instance, in May 2024, the U.S. Census Bureau reported that retail e-commerce sales in the first quarter of 2024 reached $289.2 billion, a 2.1% increase from the previous quarter. This growth in e-commerce is fueling the demand for hyperlocal delivery apps.
How Is The Global Hyperlocal Delivery App Market Divided Into Key Segments?
The hyperlocal delivery app market covered in this report is segmented –
1) By Type: Web-Based Hyperlocal Delivery Apps, Mobile-Based Hyperlocal Delivery Apps, Other Types
2) By Industry: Retail And Consumer Packaged Goods (CPG), Medical And Healthcare, Food And Beverages, Courier Express And Parcel, Other Industries
3) By Application: Banking, Financial Services and Insurance (BFSI), Government, Information Technology (IT) And Telecommunication (Telecom), Healthcare, Energy And Utilities, Manufacturing, Other Applications
Subsegments:
1) By Web-Based Hyperlocal Delivery Apps: E-Commerce Delivery Platforms, Grocery Delivery Platforms, Food Delivery Platforms
2) By Mobile-Based Hyperlocal Delivery Apps: On-Demand Delivery Apps (Food, Groceries), Courier And Parcel Delivery Apps, Pharmacy And Healthcare Delivery Apps
3) By Other Types: Sms-Based Delivery Apps, Chatbot-Based Delivery Services
Pre-Book The Hyperlocal Delivery App Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Hyperlocal Delivery App Market?
Key players in the hyperlocal delivery app market are creating novel solutions like route optimization algorithms to increase delivery effectiveness, lower fuel usage, shorten delivery durations, and optimize operational costs. These algorithms take into consideration a variety of aspects such as destination addresses, traffic situations, vehicle load capacities, delivery timeline slots, and road systems to identify the most ideal routes for delivery agents. For example, in April 2022, LocoNav, a tech firm based in the US offering fleet management solutions, unveiled an innovative route optimization function to boost fleet efficiency. This utility enables fleet supervisors to discover the most efficient routes by taking into account real-time traffic and weather conditions, consequently reducing fuel and operational expenses. It also enhances fleet transparency, escalates the trip count per vehicle, and heightens customer pleasure by ensuring swifter deliveries.
Who Are the Key Players In The Hyperlocal Delivery App Market?
Major companies operating in the hyperlocal delivery app market are:
• Uber Technologies Inc.
• Delivery Hero SE
• DoorDash Inc
• Just Eat Takeaway.com
• Glovo
• Instacart
• Deliveroo
• Swiggy
• Zomato Ltd.
• Grubhub
• Zepto
• Jungleworks
• Postmates Inc.
• GoBrands Inc
• DUNZO
• FarEye Technologies Inc.
• Skedulo Holdings Inc.
• Bringg
• Favor Delivery
• Shipstation
• LogiNext Solutions
• Blink Commerce Private Limited
• Clickpost
• Rappi Inc.
• Stamps.com Inc.
What Are The Regional Insights Into The Hyperlocal Delivery App Market?
North America was the largest region in the hyperlocal delivery app market in 2023. The regions covered in the hyperlocal delivery app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
