Market Insights eCommerce Online Food Delivery Grocery Delivery

Quick Commerce - Czechia

Czechia

The projected revenue in the Quick Commerce market in Czechia is expected to reach US$69.66m by 2024.
This will result in an annual growth rate of 5.39% from 2024 to 2029, leading to a projected market volume of US$90.57m by 2029.
Furthermore, the number of users in the Quick Commerce market is estimated to reach 1.0m users by 2029.
In terms of user penetration, in Czechia is expected to have a penetration rate of 7.3% in 2024, which is projected to increase to 9.4% by 2029.
The average revenue per user (ARPU) is anticipated to be US$90.71.
When compared globally, China is predicted to generate the highest revenue in the Quick Commerce market, reaching US$80,840.00m in 2024.
Additionally, China is expected to have the highest user penetration rate in the Quick Commerce market, with a projected rate of 21.4%.
The Quick Commerce market in Czechia is witnessing a surge in demand for online grocery deliveries due to the convenience and time-saving benefits it offers to consumers.

Market

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Currency

Analyst Opinion

With the rise of e-commerce, the Quick Commerce market in Czechia has been gaining momentum in recent years.

Customer preferences: Czech consumers are increasingly looking for convenience and speed when it comes to their shopping experiences. This has led to a surge in demand for Quick Commerce services, which offer fast and reliable delivery of goods. Additionally, the COVID-19 pandemic has accelerated the adoption of online shopping, further fueling the growth of the Quick Commerce market.

Trends in the market: One of the key trends in the Quick Commerce market in Czechia is the emergence of new players. Local startups and international companies alike are entering the market, offering a range of services from grocery delivery to restaurant takeout. Another trend is the expansion of existing Quick Commerce providers, who are investing in new technologies and expanding their delivery networks to reach more customers.

Local special circumstances: Czechia's central location in Europe makes it an attractive market for Quick Commerce providers looking to expand their operations across the continent. Additionally, the country's relatively high internet penetration rate and tech-savvy population make it an ideal market for online services. However, the market is also highly competitive, with a number of established players vying for market share.

Underlying macroeconomic factors: Czechia's strong economic growth and low unemployment rate have contributed to a favorable business environment for Quick Commerce providers. Additionally, the country's relatively low cost of living and high standard of living make it an attractive destination for international companies looking to expand into new markets. However, rising inflation and a potential slowdown in economic growth could pose challenges for the Quick Commerce market in the future.

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.