Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Kuwait

Kuwait

The Platform Delivery market in Kuwait is projected to reach a revenue of US$284.30m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 3.69%, resulting in a projected market volume of US$340.70m by 2029.
By 2029, the number of users in the Platform Delivery market in Kuwait is expected to amount to 1.1m users.
The user penetration rate, which currently stands at 21.9% in 2024, is expected to increase to 24.4% by 2029.
The average revenue per user (ARPU) is projected to amount to US$298.10.
In global comparison, China is expected to generate the most revenue in the Platform Delivery market, with 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%.
Kuwait's platform delivery market is experiencing a surge in demand as consumers increasingly rely on online ordering and delivery services.

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Analyst Opinion

The Platform Delivery market in Kuwait has been growing steadily in recent years, driven by a number of factors that have contributed to the increased demand for delivery services in the country.

Customer preferences: Customers in Kuwait have increasingly turned to online shopping, which has led to a growing demand for delivery services. This trend has been driven by the convenience of online shopping, as well as the increasing availability of e-commerce platforms and online marketplaces.

Trends in the market: One of the key trends in the Platform Delivery market in Kuwait has been the growth of on-demand delivery services. This trend has been driven by the increasing demand for fast and convenient delivery, particularly for food and other perishable goods.Another trend in the market has been the increasing use of technology to improve delivery services. This has included the use of mobile apps and other digital platforms to streamline the delivery process and provide customers with real-time updates on their orders.

Local special circumstances: Kuwait is a small country with a relatively small population, which has led to a highly competitive market for delivery services. As a result, many delivery companies have had to differentiate themselves by offering unique services and features, such as faster delivery times or more flexible delivery options.

Underlying macroeconomic factors: The growth of the Platform Delivery market in Kuwait has been driven by a number of underlying macroeconomic factors, including the country's strong economic growth and increasing consumer spending. Additionally, the government has been supportive of the growth of the e-commerce sector, which has helped to drive demand for delivery services.

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.