Market Insights eCommerce Online Food Delivery Grocery Delivery

Retail Delivery - Ireland

Ireland

The Reail Delivery market in Ireland is projected to reach a revenue of US$0.81bn in 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 8.36%, resulting in a projected market volume of US$1.21bn by 2029.
Furthermore, it is anticipated that the number of users in the Reail Delivery market in Ireland will amount to 1.4m users by 2029.
The user penetration rate, which is currently at 21.8% in 2024, is expected to increase to 26.9% by 2029.
The average revenue per user (ARPU) is estimated to be US$0.73k.
In the global context, it is worth noting that the highest revenue in the Reail Delivery market is expected to be generated United States, reaching US$195,400.00m in 2024.
On the other hand, when it comes to user penetration, United States leads with a projected rate of 30.4%.
Within the Reail Delivery market, these figures provide insights into the potential growth and significance of this market in Ireland.
Ireland's retail delivery market is experiencing a surge in online grocery shopping due to the convenience and safety it offers amidst the ongoing pandemic.

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Analyst Opinion

The retail delivery market in Ireland is one of the fastest-growing markets in the country.

Customer preferences: One of the primary reasons for the growth of the retail delivery market in Ireland is the increasing preference of customers for online shopping. With the advent of technology, more and more people are opting for online shopping, which has led to a surge in demand for retail delivery services. Customers are looking for convenience and flexibility in their shopping experience, and retail delivery services are providing just that.

Trends in the market: The retail delivery market in Ireland is witnessing several trends. One of the most significant trends is the rise of same-day delivery services. As customers are becoming more demanding, retailers are offering same-day delivery services to meet their expectations. Another trend in the market is the use of drones for delivery. Some retailers in Ireland are experimenting with drone technology to deliver packages to customers in remote areas.

Local special circumstances: Ireland has a unique geography, with many remote areas that are difficult to access. This has created a demand for efficient and reliable retail delivery services, especially in rural areas. Additionally, Ireland has a thriving tourism industry, which has led to an increase in demand for retail delivery services from tourists who want to shop for souvenirs and gifts.

Underlying macroeconomic factors: The Irish economy has been growing steadily in recent years, with a low unemployment rate and a high level of disposable income. This has led to an increase in consumer spending, which has in turn fueled the growth of the retail delivery market. Additionally, Ireland has a highly educated population, which is tech-savvy and comfortable with online shopping. This has created a favorable environment for the growth of the retail delivery market in the country.

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.