Market Insights eCommerce Online Food Delivery Grocery Delivery

Retail Delivery - Americas

Americas

The Reail Delivery market in the Americas is projected to reach a revenue of US$220.10bn by the year 2024.
This market is expected to experience an annual growth rate (CAGR 2024-2029) of 13.49%, leading to a projected market volume of US$414.40bn by 2029.
Moreover, the number of users in the Reail Delivery market is estimated to reach 259.5m users by 2029.
The user penetration rate, which is currently at 19.3% in 2024, is expected to rise to 24.8% by 2029.
Furthermore, the average revenue per user (ARPU) is anticipated to amount to US$1.12k.
When compared globally, it is noteworthy that United States is projected to generate the highest revenue in the Reail Delivery market, reaching US$195,400.00m in 2024.
On the other hand, United States is expected to have the highest user penetration rate in the Reail Delivery market, with a projected rate of 30.4%.
In the United States, the rise of e-commerce has led to a significant shift in consumer behavior, with online shopping becoming the preferred method of retail delivery.

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Analyst Opinion

The Retail Delivery market in Americas is a dynamic and ever-evolving space that has seen significant growth in recent years. With the rise of e-commerce and changing consumer preferences, retailers are adapting to new technologies and delivery methods to meet the demands of their customers.

Customer preferences: Customers in the Americas are increasingly looking for convenience and speed when it comes to their retail deliveries. Same-day and next-day delivery options have become increasingly popular, with many retailers offering these services to stay competitive. Additionally, customers are looking for more flexible delivery options, such as the ability to choose the time and location of their delivery.

Trends in the market: The United States is the largest retail delivery market in the Americas, with a highly competitive landscape. One trend that has emerged in recent years is the growth of last-mile delivery services, which focus on delivering packages from local warehouses or stores directly to customers. This has led to the rise of companies such as Instacart and Postmates, which specialize in same-day grocery and restaurant delivery.In Canada, the retail delivery market is dominated by major players such as Canada Post and Purolator. However, there has been a growing trend towards alternative delivery methods such as lockers and pickup points, which offer customers more flexibility and convenience.In Latin America, the retail delivery market is still developing, but there has been significant growth in recent years. E-commerce sales in the region are expected to double by 2023, driving demand for more advanced delivery options. One trend that has emerged is the use of drones for last-mile delivery, which has been piloted in countries such as Brazil and Chile.

Local special circumstances: One unique aspect of the Americas market is the vast size and diversity of the region. This has led to differences in delivery preferences and challenges in implementing consistent delivery solutions across different countries and regions. Additionally, factors such as infrastructure and logistics capabilities can vary widely, with some areas lacking the necessary resources for advanced delivery methods.

Underlying macroeconomic factors: The growth of the retail delivery market in the Americas is being driven by a combination of factors, including the rise of e-commerce, changing consumer preferences, and advances in technology. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping and contactless delivery options, further driving demand for innovative delivery solutions. As the market continues to evolve, retailers will need to adapt to changing customer needs and invest in new technologies to stay competitive.

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.