The Europe Quick E-Commerce (Quick Commerce) Market to Witness Rapid Growth fueled by On-Demand Delivery Trends

 


Quick e-commerce is revolutionizing the way goods are delivered to consumers in the bustling European cities by providing rapid delivery of daily essential items within a very short timeframe after order placement, often within 15-30 minutes. Items such as fresh food, grocery, baby products, beverages, home care and other daily use products are delivered to customers through a network of strategically located dark stores within tight urban zones. The development of dense distribution networks and availability of extensive product ranges have enabled quick commerce players to ensure ultra-fast and convenient fulfillment of daily needs. The Europe Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 4.85 Bn in 2023 and is expected to exhibit a CAGR of 38% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rapid growth of the Europe quick commerce market can be attributed highly to the surging demand for fast delivery of daily essential items from consumers. With evolving consumer lifestyles and busy schedules, it has become imperative for people to access their daily requirements promptly through their smartphones. Quick commerce players sustain extensive fleets of delivery personnel that ensure hyper-local logistics and incessant fulfillment within a very narrow timeframe. Sophisticated logistics networks, strategic location of micro-fulfillment centers, and large inventories have enabled quick commerce retailers to provide an unparalleled convenience to time-strapped customers. Rapid scaling of on-demand delivery models is revolutionizing the e-grocery shopping experience across major European cities.


Segment Analysis
The Europe quick e-commerce market is dominated by grocery segment. Over 50% of the orders are comprised of grocery and household supplies as quick commerce platforms offer daily essentials and consumables with delivery under 1 hour. The grocery segment is dominating because majority of population utilizes quick commerce platforms for daily groceries and supplies rather than discretionary merchandise.

Key Takeaways
The Europe Quick E-Commerce Market Size is expected to witness high growth. Favorable government policies and increasing VC funding is fueling business expansion of key players in the region.

Regional analysis
The Europe region is the fastest growing market for quick commerce. Countries like Germany, UK, France hold over 60% share due to strong investments by local as well as global players. Established e-commerce infrastructure and acceptance of online shopping makes Central and Western Europe an lucrative market for quick commerce players.

Key players
Key players operating in the Europe quick e-commerce market are Getir, Gorillas, Gopuff, Just Eat Takeaway, Delivery Hero, Jokr, Flink, Zapp, Uber Eats, Wolt, Bolt, Deliveroo.

For More Insights, Read: https://www.newsstatix.com/europe-quick-e-commerce-quick-commerce-market-size-share-and-growth-forecast-2023-2030/

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