Platform Delivery - Israel

  • Israel
  • The Platform Delivery market in Israel is expected to witness significant growth in the coming years.
  • According to projections, the revenue in this market is estimated to reach US$63.23m in 2024.
  • Furthermore, it is anticipated that the market will experience a steady annual growth rate of 5.85%, resulting in a projected market volume of US$84.02m by 2029.
  • In terms of user base, the number of users in the Platform Delivery market is expected to reach 1.1m users by 2029.
  • This indicates a user penetration of 9.5% in 2024, which is projected to increase to 11.3% by 2029.
  • The average revenue per user (ARPU) in this market is estimated to be US$71.65.
  • When comparing the global landscape, it is noteworthy that China is expected to generate the highest revenue in the Platform Delivery market, reaching US$165,200.00m in 2024.
  • Additionally, China also holds the highest user penetration rate in the market, projected to be 52.3%.
  • Israel's platform delivery market is experiencing rapid growth, driven by the country's strong tech ecosystem and entrepreneurial spirit.
 
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Analyst Opinion

Israel, a country in the Middle East, has been experiencing a significant growth in its Platform Delivery market. This can be attributed to various factors such as the increase in demand for online services, the rise of the gig economy, and the growing number of startups in the country.

Customer preferences:
Israeli customers have shown a preference for online shopping and food delivery services, which has led to a surge in demand for Platform Delivery services. The convenience of having products and meals delivered directly to their doorstep has become increasingly popular, especially in urban areas where traffic congestion is a major issue. Additionally, Israeli consumers are becoming more tech-savvy and are comfortable using mobile applications to order goods and services.

Trends in the market:
One of the significant trends in the Platform Delivery market in Israel is the rise of local startups. These startups are leveraging technology to provide innovative solutions that cater to the unique needs of Israeli customers. For instance, some startups are offering delivery services for products that are not typically available for delivery, such as prescription medication. Another trend is the emergence of niche delivery services that cater to specific customer segments, such as vegan food delivery services.

Local special circumstances:
Israel is a small country with a relatively high population density. This means that delivery times can be shorter compared to larger countries, making it easier for Platform Delivery companies to offer same-day or even hour-long delivery services. Additionally, the country has a highly educated and tech-savvy population, which has contributed to the growth of the Platform Delivery market.

Underlying macroeconomic factors:
Israel has a thriving startup ecosystem, which has led to the creation of many innovative Platform Delivery companies. The country also has a relatively high GDP per capita, which means that consumers have more disposable income to spend on online services. Furthermore, the government has implemented policies that support the growth of the technology sector, which has created a favorable environment for Platform Delivery companies to 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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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