The Retail Delivery market in Bahrain has experienced significant growth in recent years.
Customer preferences: Bahrain's population has a high demand for convenience and speed in their shopping experience. This has led to an increase in online shopping and home delivery services. Customers are looking for retailers who can offer a wide range of products and fast delivery times.
Trends in the market: One of the biggest trends in the Retail Delivery market in Bahrain is the rise of e-commerce. Online shopping has become increasingly popular in Bahrain, with many customers preferring to shop online rather than in-store. This has led to an increase in demand for home delivery services, as customers want their purchases delivered directly to their doorstep.Another trend in the market is the increasing use of technology. Retailers are using technology to improve their delivery services, with many implementing tracking systems and real-time updates to keep customers informed about their deliveries. This has helped to improve the overall customer experience and increase customer satisfaction.
Local special circumstances: Bahrain is a small country with a high population density, which makes it an ideal market for Retail Delivery services. The country's infrastructure is also well-developed, with good road networks and transport links, which makes it easier for retailers to deliver their products to customers.
Underlying macroeconomic factors: Bahrain's economy is heavily reliant on the oil industry, which has been affected by the global economic downturn. As a result, the government has been looking to diversify the economy and promote other sectors, such as retail. This has led to an increase in investment in the Retail Delivery market, as retailers look to capitalise on the growing demand for home delivery services. Additionally, Bahrain's strategic location in the Gulf region has made it an attractive market for international retailers looking to expand their operations in the Middle East.
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.
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