Market Insights eCommerce Online Food Delivery Meal Delivery

Platform Delivery - United States

United States

The Platform Delivery market in the United States is poised for significant growth, with projected revenue reaching US$58.83bn by 2024.
This represents a substantial increase compared to the current market volume.
Furthermore, the market is expected to exhibit an impressive annual growth rate of 3.95% between 2024 and 2029, resulting in a projected market volume of US$71.39bn by 2029.
As the market expands, the number of users is also expected to increase substantially, reaching an estimated 120.1m users by 2029.
This indicates a strong user base and highlights the popularity of Platform Delivery market services among consumers in the United States.
In terms of user penetration, the Platform Delivery market is anticipated to experience steady growth.
It is projected to reach 31.7% in 2024 and is expected to rise to 34.3% by 2029.
This indicates a growing adoption of Platform Delivery market services among the population, further solidifying its position in the market.
When considering the average revenue per user (ARPU), it is estimated to amount to US$0.54k.
This metric provides insight into the financial value generated by each user, highlighting the potential profitability of the Platform Delivery market in the United States.
In a global context, China is expected to generate the highest revenue in the Platform Delivery market, with an estimated US$165,200.00m in 2024.
This demonstrates the significant market potential and economic impact of Platform Delivery market services China.
Furthermore, [globalrevenue_currentlayer_yeartoday_maxcountrynameprep] is projected to have the highest user penetration rate in the Platform Delivery market, standing at 52.3%.
This signifies the strong presence and widespread adoption of Platform Delivery market services among Chinese consumers.
Overall, the Platform Delivery market in the United States exhibits promising growth prospects, with increasing revenue, user base, and user penetration.
These trends underscore the importance of Platform Delivery market services in the country's market landscape.
The United States is experiencing a surge in demand for platform delivery services, fueled by the increasing popularity of online shopping and the convenience it offers to consumers.

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Analyst Opinion

The Platform Delivery market in United States has been a rapidly growing industry due to the increasing demand for online services and products.

Customer preferences: Customers in the United States are increasingly relying on online platforms for their daily needs such as food delivery, transportation, and e-commerce. This shift in consumer behavior has led to a surge in demand for platform delivery services across the country. Additionally, customers are placing a higher emphasis on convenience and speed of delivery, which has led to the emergence of new players in the market and increased competition.

Trends in the market: One of the major trends in the Platform Delivery market in United States is the increasing use of technology to improve delivery efficiency. Companies are investing heavily in developing new technologies such as drones and autonomous vehicles to improve delivery times and reduce costs. Another trend is the expansion of delivery services beyond food and retail products. Many companies are now offering delivery services for healthcare products, home goods, and even alcohol.

Local special circumstances: The United States is a large country with a diverse population, which has led to the emergence of local delivery services catering to specific regions and communities. For example, some companies specialize in delivering organic and locally sourced food to customers in certain areas. Additionally, some regions have unique delivery challenges such as traffic congestion or extreme weather conditions, which has led to the development of specialized delivery services.

Underlying macroeconomic factors: The growth of the Platform Delivery market in United States is also influenced by macroeconomic factors such as employment rates and disposable income. As more people are employed and have higher disposable incomes, they are more likely to use delivery services for convenience and time-saving purposes. Additionally, the COVID-19 pandemic has accelerated the adoption of online platforms for delivery services as more people are staying at home and avoiding in-person shopping. In conclusion, the Platform Delivery market in United States is a rapidly growing industry driven by changing customer preferences, technological advancements, and local special circumstances. The market is expected to continue expanding as more consumers rely on online platforms for their daily needs and as companies invest in new technologies to improve delivery efficiency.

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.