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Retail Delivery - EAEU

EAEU

The Reail Delivery market in the EAEU is set to achieve a staggering revenue of US$6.80bn by 2024.
Furthermore, this market is expected to witness a steady annual growth rate (CAGR 2024-2029) of 8.00%, resulting in a projected market volume of US$9.99bn by 2029.
By that year, the number of users in the Reail Delivery market is anticipated to reach 21.1m users.
In terms of user penetration, the Reail Delivery market is predicted to have a user penetration rate of 9.3% in 2024, which is projected to increase to 11.6% by 2029.
The average revenue per user (ARPU) is expected to be US$0.40k.
When comparing the global market, United States is forecasted to generate the highest revenue, amounting to US$195,400.00m in 2024.
On the other hand, United States boasts the highest user penetration rate in the Reail Delivery market, with a projected rate of 30.4%.
The EAEU retail delivery market is experiencing a surge in online shopping, driven by a growing middle class and increasing internet penetration.

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Analyst Opinion

The Retail Delivery market in EAEU has been showing interesting developments in recent years.

Customer preferences: Customers in EAEU are increasingly looking for convenience and speed in their retail delivery options. This has led to a rise in demand for same-day or next-day delivery services, as well as an increase in the use of mobile apps and online platforms for shopping.

Trends in the market: One trend that has been observed in the EAEU region is the growth of e-commerce platforms, which are becoming more popular as consumers seek out more options for online shopping. This has led to increased competition among retailers, as well as the need for more efficient and cost-effective delivery solutions.Another trend is the rise of cross-border e-commerce, as consumers in EAEU look to purchase goods from other countries. This has led to an increase in demand for international delivery services, as well as the need for more streamlined customs processes.

Local special circumstances: One special circumstance in the EAEU market is the presence of a common economic space, which has led to increased trade and economic cooperation among member states. This has created opportunities for retailers to expand their operations across borders, as well as the need for more efficient and cost-effective cross-border delivery solutions.

Underlying macroeconomic factors: The growth of the Retail Delivery market in EAEU can be attributed to several macroeconomic factors, including the growth of the overall economy, the rise of e-commerce platforms and the increasing demand for convenience and speed in retail delivery options. Additionally, the common economic space within EAEU has created opportunities for retailers to expand their operations across borders, leading to increased demand for cross-border delivery services.

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.