by The India quick e-commerce market involves delivery of online ordered products within a very short span, typically within 2 hours. It allows consumers to order groceries and daily essential items via mobile applications or websites and have them delivered to their doorsteps super fast. With increasing internet and smartphone penetration along with evolving consumer preferences, the quick commerce model is gaining widespread popularity in India. The growing young population in urban areas demand seamless and hassle-free shopping experiences which has boosted the quick commerce industry growth.
Global 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 operating in the India quick e-commerce are Blinkit, Swiggy Instamart, Zepto, Dunzo, BigBasket, Amazon Quick Commerce, Tata Neu Super App, JioMart, Flipkart Quick, Grofers. With growing revenues, key players are expanding their fleets and warehouses across major cities to capture larger market share.
The quick delivery model has paved opportunities for new product categories beyond groceries to be delivered within few hours including electronics, baby care items, Stationery, health and beauty products etc. This has expanded the revenue pool for quick commerce players.
Global expansion beyond metro and tier-1 cities into tier-2 and tier-3 cities provide huge growth potential with rising internet and smartphone adoption in smaller towns. International players are also evaluating India as a key growth market for quick commerce given the scale of opportunities.
Market Drivers
Rapid urbanisation in India with rising disposable incomes has dramatically increased the consumer base seeking convenience led shopping experiences. This has been a major driver accelerating the India quick e-commerce market growth. With rapid urbanisation, tier-2 and tier-3 cities will continue contributing significantly to further market expansions over the coming years.
Pest Analysis
Political: The Indian government has recently made changes in foreign direct investment(FDI) policies to allow 100% FDI in food delivery business and 26% in multi-brand retail sectors which will boost the quick e-commerce market in India.
Economic: Rising income levels and changing lifestyles in metro and tier 1 cities of India is increasing the demand for quick delivery of groceries and daily essential items which is driving the market growth.
Social: Younger population and working professionals prefer quick checkout and delivery of goods due to lack of time which has increased the adoption of quick commerce solutions in India.
Technological: Utilization of technologies like AI, ML and geo-location enabled features for stock management, order predictability, route optimization are helping players provide under 60 minutes delivery to customers.
Geographical Regions With High Market Concentration
Metro and tier 1 cities of India like Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune contribute over 80% of the total quick e-commerce market value in India due to high internet penetration, affluent population and large customer base.
Fastest Growing Region
Tier 2 cities with population between 100,000 to 1 million are expected to be the fastest growing region for quick e-commerce market in India. Initiatives by players to expand operations and fulfillment centers in these cities coupled with rising disposable income will drive over 60% of the market growth during the forecast period in tier 2 regions.
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’s growth between 2024 and 2031.
:- Accurate calculation of the size of the India Quick E-Commerce and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- India Quick E-Commerce 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 vendors
FAQ’s
Q.1 What are the main factors influencing the India Quick E-Commerce?
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 companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the India Quick E-Commerce’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: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
