Last Mile Delivery Segment Contributing Significantly to UK Quick E-Commerce Market Growth
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| UK Quick E-Commerce Market |
The UK Quick E-Commerce Market is estimated to be valued at US$ 6.21 billion in 2023 and is expected to exhibit a CAGR of 19.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The UK quick e-commerce market involves delivery of groceries and other consumable goods within a very short timeframe, usually within an hour. This on-demand delivery model provides convenience to customers and supports their busy lifestyles. The growth of online shopping and increasing preference for quick deliveries is boosting the growth of the market.
Market key trends:
One of the key trends in the UK quick e-commerce market is the significant contribution of the last mile delivery segment. Last mile delivery refers to shipping and delivery of goods from distribution centers to the end consumer. Growing investments by market players in developing efficient last mile delivery infrastructure and fleet is fueling the growth of this segment. Companies are partnering with couriers and gig workers to improve delivery operations and meet customers' evolving expectations of faster delivery. Advanced technology such as AI route optimization is also being leveraged to enhance the last mile delivery experience. This trend is expected to continue during the forecast period.
Segment Analysis:
The UK quick e-commerce market is segmented by type into food delivery, grocery delivery, alcoholic beverage delivery, medicine delivery and others. The grocery delivery segment is expected to dominate the market and hold the largest share during the forecast period. This is mainly due to the growing preference for quick grocery deliveries among busy consumers in UK. Quick deliveries allow consumers to get groceries delivered to their doorstep within few minutes of order placement, offering great convenience.
Key Takeaways:
The UK Quick E-Commerce Market Demand is expected to witness high growth, exhibiting 19.4% CAGR over the forecast period 2023 to 2030, due to increasing preference for fast deliveries among time-pressed consumers.
Market size:
The UK quick e-commerce market size is expected to reach US$ 6.21 billion in 2023.
Regional analysis:
The UK region is expected to dominate the market and account for the largest share during the forecast period. This is attributed to strong presence of quick commerce players in major cities of UK and high consumer demand for quick deliveries in the country.
Key players:
Key players operating in the UK quick e-commerce market are Buyk, Cajoo, Everli, Fancy, Weezy, Zoom2U, Deliveroo, Just Eat, Uber Eats, Getir, Gorillas, Flink, Zapp, Jiffy, Weezy, Dija, DoorDash, Stuart, Gopuff and Jokr.
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