The Retail Delivery market in Bangladesh has been rapidly developing in recent years, driven by various factors such as changing customer preferences, technological advancements, and local special circumstances.
Customer preferences: Bangladesh is a densely populated country, with a large number of people living in urban areas. As a result, customers prefer to shop online rather than visiting physical stores due to the convenience it offers. Additionally, the younger generation is more tech-savvy and prefers to use digital platforms for shopping.
Trends in the market: One of the major trends in the Retail Delivery market in Bangladesh is the growth of e-commerce platforms. Several local and international e-commerce companies have entered the market, offering a wide range of products at competitive prices. Another trend is the rise of on-demand delivery services, where customers can order products and receive them within a few hours. This has led to an increase in the number of delivery service providers in the country.
Local special circumstances: Bangladesh has a large informal sector, which has led to the growth of small and medium-sized businesses. These businesses often do not have the resources to set up their own delivery networks, which has created an opportunity for third-party delivery service providers. Additionally, the country has a relatively underdeveloped logistics infrastructure, which has created challenges for delivery service providers.
Underlying macroeconomic factors: The Retail Delivery market in Bangladesh is also influenced by underlying macroeconomic factors such as GDP growth, inflation, and government policies. The country has experienced steady economic growth in recent years, which has led to an increase in consumer spending. However, inflation remains a concern, which can impact the purchasing power of consumers. The government has also taken steps to promote the growth of the e-commerce sector in the country, which has created a favorable environment for the Retail Delivery market.
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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