Platform Delivery - Mexico

  • Mexico
  • The Mexico Platform Delivery market is anticipated to witness a substantial growth in revenue, projected to reach MXN US$1.11bn by 2024.
  • This growth is expected to continue with an annual growth rate of 6.07% (CAGR 2024-2029), resulting in a projected market volume of MXN US$1.49bn by 2029.
  • Moreover, the number of users in the Platform Delivery market is estimated to reach 18.3m users by 2029.
  • In terms of user penetration, it is anticipated to be 10.9% in 2024 and is expected to reach 13.7% by 2029.
  • This demonstrates a gradual increase in the adoption of platform delivery services by the Mexican population.
  • Additionally, the average revenue per user (ARPU) is projected to be MXN US$79.32.
  • When compared globally, China is expected to generate the highest revenue in the Platform Delivery market, with an estimated amount of CNY US$165,200.00m in 2024.
  • Furthermore, China is anticipated to have the highest user penetration rate of 52.3% in the Platform Delivery market.
  • In Mexico, the platform delivery market is experiencing exponential growth due to the increasing demand for convenient and efficient ways to access goods and services.
 
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Analyst Opinion

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

Customer preferences:
Mexican customers have shown a growing preference for online shopping and home delivery services. This has led to an increase in demand for platform delivery services as customers seek more convenient and efficient ways to receive their purchases.

Trends in the market:
The Platform Delivery market in Mexico has been growing rapidly due to the increasing popularity of e-commerce and online shopping. As more businesses move online, the need for reliable and efficient delivery services has become increasingly important. The market has also seen a rise in the use of mobile apps for ordering and tracking deliveries, as well as the adoption of new technologies such as drones and autonomous vehicles for delivery.

Local special circumstances:
Mexico's large and growing population, coupled with its increasing urbanization, has made it an attractive market for platform delivery providers. The country's geography and infrastructure, however, present some unique challenges. Mexico's vast size and diverse terrain can make delivery difficult in some areas, while its urban centers can be congested and difficult to navigate.

Underlying macroeconomic factors:
Mexico's economy has been growing steadily in recent years, with a strong focus on manufacturing and exports. This has led to an increase in demand for logistics and delivery services, particularly in the e-commerce sector. Additionally, Mexico's young and tech-savvy population has been quick to adopt new technologies and services, making it a promising market for platform delivery providers.

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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