April 13, 2024
India Quick E-Commerce Market

India Quick E-Commerce Market Poised to Grow at a CAGR Of 63% Owing To Growing Consumer Preference Towards Quick Delivery

The quick e-commerce market in India has witnessed significant growth in recent times. Quick e-commerce refers to delivering groceries and essential items to customers within a timeframe of 30 minutes. It allows consumers to order products from the comfort of their homes via mobile applications or websites and have them delivered within a very short span of time. Key players operating in the India quick e-commerce market are Blinkit, Swiggy Instamart, Zepto, Dunzo, BigBasket, Amazon Quick Commerce, Tata Neu Super App, JioMart, Flipkart Quick, Grofers. These players offer a wide range of daily need products ranging from groceries, snacks, beverages to household items and deliver them to customers within 30 minutes.

The Global India Quick E-Commerce Market Size Is Estimated To Be Valued At US$ 652 Mn In 2024 And Is Expected To Exhibit A CAGR Of 63. % Over The Forecast Period 2024-2031.

Key Takeaways

Key Players: Key players operating in the India quick e-commerce market are Blinkit, Swiggy Instamart, Zepto, Dunzo, BigBasket, Amazon Quick Commerce, Tata Neu Super App, JioMart, Flipkart Quick, Grofers. These players have expanded their presence across major cities in India.

Key Opportunities: The major opportunities in the India quick e-commerce market include increasing demand from tier-2 and tier-3 cities, expanding product portfolio, and technological advancements enabling faster delivery.

Global Expansion: Players in the India quick e-commerce market are focusing on global expansion by entering international markets including the Middle East, Southeast Asia and Europe to tap the growth opportunities.

Market Drivers: The key driver for the growth of quick e-commerce market in India is the growing consumer preference towards quick delivery. Indians lead busy lifestyles and desire instant gratification. Additionally, the COVID-19 pandemic has further accelerated the demand for quick commerce by restricting mobility and boosting the habit of ordering goods online.

Pest Analysis

Political: The Indian government has allowed 100% foreign direct investment through the automatic route in B2C e-commerce. This has helped attract investments from global quick commerce players to enter the Indian market. Laws governing data privacy and protection will impact the way customer data is collected and used.

Economic: India’s middle class is growing rapidly with increasing disposable incomes which is driving the demand for quick commerce services. Short delivery timeframes allow working professionals to order daily essentials without stepping out. The COVID-19 pandemic acted as a catalyst for consumers to embrace contactless deliveries.

Social: Younger generations are more comfortable with online shopping and digital payments. Customers value instant gratification which quick commerce aims to provide. On-demand delivery services are suitable for small and urgent purchases that families need throughout the day.

Technological:
Applications enable customers to browse products, pay digitally and track orders in real-time. Partnerships with local retailers allow companies to fulfill multiple orders together through optimized delivery routes. AI and machine learning are used to better forecast demand and optimize operations.

The metropolitan regions of Delhi NCR, Mumbai, Bengaluru, Hyderabad, and Pune account for over 60% of the quick commerce market in terms of value. These cities offer high population densities, intense competition between players and strong tech infrastructure that makes short delivery windows viable.

The southern states of Telangana, Karnataka, and Tamil Nadu are witnessing the fastest growth led by expansion of startups in their state capitals. Tier 2 cities increasingly adopt on-demand services powered by local last-mile partnerships and advanced logistics.

What are the key data covered in this India Quick E-Commerce Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the India Quick E-Commerce Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the India Quick E-Commerce Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- India Quick E-Commerce Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of India Quick E-Commerce Market vendors

FAQ’s

Q.1 What are the main factors influencing the India Quick E-Commerce market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top India Quick E-Commerce Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the India Quick E-Commerce market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it