Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Belgium

Belgium

The Platform Delivery market in Belgium is forecasted to reach a revenue of US$223.90m by 2024.
It is expected to exhibit a Compound Annual Growth Rate (CAGR) of 4.68% from 2024 to 2029, resulting in a projected market volume of US$281.40m by 2029.
The number of users in the Platform Delivery market is projected to reach 2.3m users by 2029.
The user penetration rate is anticipated to be 17.1% in 2024 and is expected to increase to 19.5% by 2029.
The Average Revenue Per User (ARPU) is estimated to be US$112.00.
In a global context, China is expected to generate the highest revenue, amounting to US$165,200.00m in 2024.
Furthermore, China is projected to have the highest user penetration rate in the Platform Delivery market with a rate of 52.3%.
In Belgium, the platform delivery market is experiencing a surge in demand due to the increasing popularity of online shopping and the need for efficient and reliable delivery services.

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Analyst Opinion

The Platform Delivery market in Belgium has been experiencing significant growth in recent years.

Customer preferences: Belgian customers have shown a strong preference for online shopping and home delivery, which has driven the growth of the Platform Delivery market. The convenience of having goods delivered directly to their doorstep has made online shopping increasingly popular among Belgian consumers.

Trends in the market: The Platform Delivery market in Belgium has seen an increase in the number of players in the market, with both domestic and international companies entering the market. This has led to increased competition and innovation in the sector, with companies offering new and innovative delivery options such as same-day delivery and real-time tracking.

Local special circumstances: Belgium's central location in Europe has made it an attractive market for Platform Delivery companies looking to expand their operations in Europe. The country's highly developed infrastructure, including its road and transportation network, has made it easier for companies to deliver goods quickly and efficiently.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Belgium is also being driven by the country's strong economic performance in recent years. Belgium has a highly developed economy, with a strong focus on technology and innovation. This has created a favorable environment for Platform Delivery companies to grow and expand their operations in the country.In conclusion, the Platform Delivery market in Belgium is experiencing strong growth, driven by customer preferences for online shopping and home delivery, as well as the country's favorable economic conditions and well-developed infrastructure. The market is expected to continue to grow in the coming years, with increasing competition and innovation in the sector.

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.