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Platform Delivery - Egypt

Egypt

The revenue in the Platform Delivery market in Egypt is projected to reach US$445.80m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 15.13%, resulting in a projected market volume of US$901.80m by 2029.
In Egypt's Platform Delivery market, the number of users is expected to reach 10.0m users by 2029.
The user penetration rate, which is currently at 4.4% in 2024, is projected to increase to 8.1% by 2029.
The average revenue per user (ARPU) is expected to be US$88.71.
In global comparison, the highest revenue will be generated China, amounting to US$165,200.00m in 2024.
Additionally, with a projected user penetration rate of 52.3%, China also leads in this market.
Egypt's platform delivery market is booming, with a growing number of local startups catering to the rising demand for convenient and efficient delivery services.

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Analyst Opinion

The Platform Delivery market in Egypt has been growing steadily in recent years, driven by a number of factors.

Customer preferences: Egyptian customers have shown a growing preference for online shopping and home delivery, which has led to an increase in demand for platform delivery services. This trend has been particularly evident in urban areas, where consumers are increasingly turning to e-commerce platforms to purchase goods and services.

Trends in the market: One of the key trends in the Platform Delivery market in Egypt is the increasing use of mobile platforms for ordering and delivery. Many of the leading platform delivery companies in Egypt have developed mobile apps that allow customers to place orders and track deliveries in real-time. This has helped to improve the overall customer experience and has made it easier for businesses to manage their delivery operations.Another trend in the market is the rise of on-demand delivery services. Many platform delivery companies in Egypt now offer on-demand delivery options, which allow customers to receive their orders within a few hours of placing them. This has become particularly popular among customers who need urgent deliveries or who are looking for more flexible delivery options.

Local special circumstances: Egypt has a large and growing population, with a high proportion of young people who are tech-savvy and comfortable with using digital platforms. This has created a favorable environment for the development of the Platform Delivery market, as businesses are able to tap into a large and growing customer base.However, there are also some challenges facing the market. One of the main challenges is the country's underdeveloped logistics infrastructure, which can make it difficult for delivery companies to operate efficiently. This has led to some delays and logistical issues, which can impact the overall customer experience.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Egypt is also being driven by broader macroeconomic factors, such as the country's growing middle class and rising disposable incomes. As more people in Egypt are able to afford goods and services, there is a growing demand for convenient delivery options that can help to save time and make life easier.Overall, the Platform Delivery market in Egypt is poised for further growth in the coming years, driven by changing customer preferences, technological advancements, and favorable macroeconomic conditions. However, companies operating in the market will need to navigate a range of challenges and complexities in order to succeed and thrive.

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.