Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - Sweden

Sweden

The Platform Delivery market in Sweden is anticipated to achieve a revenue of US$149.90m by the year 2024.
This projection is based on an expected annual growth rate (CAGR 2024-2029) of 5.71%, leading to a projected market volume of US$197.90m by 2029.
Furthermore, the number of users in the Platform Delivery market is predicted to reach 1.7m users by 2029.
In 2024, the user penetration is estimated to be 13.3%, but it is expected to increase to 15.7% by 2029.
The average revenue per user (ARPU) is projected to be US$105.40.
When compared globally, China is forecasted to generate the highest revenue in the Platform Delivery market, amounting to US$165,200.00m in 2024.
Additionally, China is expected to have the highest user penetration rate in the market, with a projected rate of 52.3%.
Sweden has seen a surge in demand for platform delivery services, driven by the country's tech-savvy population and efficient logistics infrastructure.

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Analyst Opinion

Sweden, a country known for its innovation and technology, has seen a significant increase in the Platform Delivery market in recent years.

Customer preferences: The Swedish market has shown a growing demand for platform delivery services due to the convenience and efficiency it offers. Customers are increasingly turning to online platforms for their daily needs, ranging from food delivery to transportation services. The younger generation, in particular, is more inclined towards using technology and digital solutions, further driving the demand for platform delivery services.

Trends in the market: The Platform Delivery market in Sweden is witnessing a trend towards sustainability and eco-friendliness. Many companies are adopting green practices by using electric vehicles for deliveries and implementing environmentally friendly packaging. Another trend is the rise of hyperlocal delivery services, which cater to the needs of customers within a specific geographic area. This trend is driven by the desire for faster delivery times and the growing demand for locally sourced products.

Local special circumstances: Sweden's high labor costs have led to the adoption of automation and digital solutions in the Platform Delivery market. Companies are increasingly using technology to streamline their operations and reduce costs. Additionally, the country's cold climate and long winters have created a demand for indoor delivery services, which protect products from the harsh weather conditions.

Underlying macroeconomic factors: Sweden's strong economy and high standard of living have contributed to the growth of the Platform Delivery market. The country's high disposable income levels and busy lifestyles have led to an increase in demand for convenient and time-saving services. Furthermore, Sweden's tech-savvy population and government support for innovation have created a favorable environment for the growth of the Platform Delivery market.

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.