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Platform Delivery - Estonia

Estonia

The Platform Delivery market in Estonia is projected to reach a revenue of US$2.77m in 2024.
It is expected to show an annual growth rate of 5.56% from 2024 to 2029, resulting in a projected market volume of US$3.63m by 2029.
By 2029, the number of users in the Platform Delivery market is expected to amount to 99.8k users.
The user penetration rate, which is currently at 6.3% in 2024, is projected to increase to 7.7% by 2029.
The average revenue per user (ARPU) is expected to be US$33.30.
In the global comparison, China is expected to generate the highest revenue in the Platform Delivery market, reaching US$165,200.00m in 2024.
Additionally, China has the highest user penetration rate in the market, projected to be 52.3%.
Estonia's platform delivery market is thriving, driven by the country's advanced digital infrastructure and tech-savvy population.

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Analyst Opinion

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

Customer preferences: Customers in Estonia are increasingly looking for faster and more convenient delivery options for their online purchases. As a result, there has been a growing demand for platform delivery services that can provide same-day or next-day delivery options. Customers are also looking for more transparency and control over the delivery process, such as real-time tracking and delivery notifications.

Trends in the market: One of the key trends in the Platform Delivery market in Estonia is the rise of local delivery startups. These companies are leveraging technology and innovative business models to offer faster and more affordable delivery options to customers. Another trend is the increasing use of drones and autonomous vehicles for last-mile delivery, which can help to reduce delivery times and costs.

Local special circumstances: Estonia is a small country with a high population density, which makes it an ideal market for platform delivery services. The country also has a highly developed digital infrastructure, which has enabled the rapid growth of e-commerce and online marketplaces. Additionally, Estonia has a highly educated workforce and a business-friendly regulatory environment, which has attracted many international companies to establish their operations in the country.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Estonia is being driven by a number of underlying macroeconomic factors. These include the increasing popularity of e-commerce and online marketplaces, the rise of on-demand services, and the growing importance of logistics and supply chain management in the digital economy. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping and home delivery, further fueling the growth of the Platform Delivery market in Estonia.

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.