Market Insights eCommerce Online Food Delivery Grocery Delivery

Retail Delivery - Slovakia

Slovakia

The Reail Delivery market in Slovakia is projected to reach a revenue of US$378.50m by 2024.
It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 10.42%, resulting in a projected market volume of US$621.30m by 2029.
Additionally, the number of users in the Reail Delivery market is anticipated to reach 1.1m users by 2029.
The user penetration rate is forecasted to be 14.7% in 2024 and is expected to increase to 19.6% by 2029.
The average revenue per user (ARPU) is projected to be US$451.20.
In comparison to other countries, United States is expected to generate the highest revenue in the Reail Delivery market, amounting to US$195,400.00m in 2024.
The United States, on the other hand, will have the highest user penetration rate in the market, with a projected rate of 30.4%.
Slovakia's retail delivery market is witnessing a surge in online grocery shopping, driven by a growing number of tech-savvy consumers.

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Analyst Opinion

The demand for retail delivery services in Slovakia has been increasing steadily over the past few years.

Customer preferences: Slovakian consumers are increasingly turning to online shopping for convenience and a wider range of products. This has led to a surge in demand for retail delivery services, as consumers expect fast and reliable delivery of their purchases. Additionally, there has been a growing preference for contactless delivery options due to the COVID-19 pandemic.

Trends in the market: The retail delivery market in Slovakia is becoming increasingly competitive, with both domestic and international players entering the market. This has led to the development of new delivery options, such as same-day and next-day delivery, to meet the growing demand for faster delivery times. There has also been a rise in the use of technology, such as mobile apps and tracking systems, to enhance the customer experience and improve delivery efficiency.

Local special circumstances: Slovakia's geography and infrastructure have presented some challenges for the retail delivery market. The country's mountainous terrain and scattered population make it difficult to reach some areas quickly and efficiently. However, this has also created opportunities for local delivery companies to specialize in serving these harder-to-reach areas.

Underlying macroeconomic factors: Slovakia's strong economic growth and rising disposable incomes have contributed to the growth of the retail delivery market. The country's membership in the European Union has also facilitated cross-border e-commerce, leading to increased demand for international delivery services. However, the COVID-19 pandemic has had a significant impact on the market, with increased demand for delivery services due to lockdowns and social distancing measures.

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.