May 25, 2024
India Quick E-Commerce Market

India Quick E-Commerce Market Is Poised for Growth by Hyperlocal Delivery

The quick e-commerce market in India enables consumers to order and receive everyday essential goods like groceries, medicines, and food within a few minutes to hours. The growing needs of the urban population for on-demand and quick deliveries have fueled the expansion of quick commerce platforms that leverage hyperlocal warehouses and delivery partners to provide lightning-fast doorstep deliveries. Quick commerce players offer a wide assortment of products ranging from daily staples to fresh produce and organize hyperlocal warehouses equipped with advanced technologies like AI and ML for stock management, order picking, and route optimization.

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 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. The quick adoption of on-demand deliveries among urban populations experiencing hectic schedules has been a major factor fueling the growth of the quick commerce market in India. Several quick commerce startups are raising large rounds of funding to expand operations across cities and set up hundreds of hyperlocal warehouses to cater to the growing demand. To leverage the opportunities in the quick commerce sector, e-commerce giants are also launching quick commerce platforms and aiming for pan-India presence.

The quick commerce market in India is witnessing substantial foreign investments with global players like Amazon and Walmart expanding quick commerce operations. While metro cities remain their top markets currently, quick commerce players are also focusing on tier-2 and tier-3 cities to tap into the massive untapped potential. The widespread adoption of smartphones and digital payments in India will further support the country’s quick commerce sector to clock a massive revenue size of US$ 13 Bn by 2031.

Market Key Trends

One of the key trends witnessed in the India quick commerce market is the hyper-local model. Players are setting up small warehouse facilities in residential neighborhoods that help reduce delivery times to 10-30 minutes. This ensures high stock availability of daily essential and food products. Moreover, companies are implementing latest technologies like ML and AI for predictive demand forecasting and optimized order fulfillment. Advanced route optimization tools also help quick commerce players maintain low delivery costs while meeting strict timelines. This hyper-local and tech-enabled approach is expected to be a defining characteristic of the quick commerce sector.

Porter’s Analysis

Threat Of New Entrants: Low capital requirement for start-ups encourages new players to enter the market however, established brands have strong customer loyalty and economies of scale.
Bargaining Power Of Buyers: Buyers have high bargaining power due to availability of substitutes and price comparison among retailers.
Bargaining Power Of Suppliers: Established quick commerce players have some control over suppliers due to large order volumes.
Threat Of New Substitutes: Threat from new shopping experiences like live commerce is growing.
Competitive Rivalry: Intense competition exists among established brands to acquire more market share.

Geographical Regions

The India quick e-commerce market is concentrated majorly in metros and tier 1 cities of India like Delhi, Mumbai, Bengaluru, Chennai, Pune and Hyderabad where working professionals prefer quick deliveries. These regions contribute over 65% to the total market value.

The western region of India especially cities like Ahmedabad and Surat are emerging as the fastest growing geographical regions. Growing internet and smartphone penetration along with changing lifestyles is aiding the market expansion.

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 behaviour

:- 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