by The US quick e-commerce (quick commerce) market is in trends by convenience. Quick commerce refers to delivering groceries and everyday essentials to customers within an hour. It enables customers to get their supplies without stepping out, which has become very convenient especially after the pandemic. Quick commerce retailers leverage proximity-based technologies and dark stores located in dense urban areas to fulfill orders at lightning speeds. The business model focuses on narrow and hyper-focused product assortments tailored for quick delivery.
The Us Quick Commerce Market Size Is Estimated To Be Valued At Us$ 7.5 Bn In 2024 And Is Expected To Exhibit A Cagr Of 8.0% Over The Forecast Period 2024-2031.
Key Takeaways
Key players operating in the US quick e-commerce market are Gopuff, Doordash, Uber, Instacart, Postmates, Fridge No More, Buyk, Gorillas, Jokr, And Getir Among Others. GoPuff is one of the largest players in this space and has expanded to over 200 cities across North America.
The demand for quick commerce services is growing rapidly as more consumers prefer the convenience of doorstep delivery over traditional brick and mortar shopping. The ability to get daily household items and food instantly without having to visit the store has resonated well with customers.
Several quick commerce players have raised massive funding rounds to rapidly scale their hyperlocal operations across major US cities. They are improving their delivery coverage, expanding product assortments, and pushing into new geographies to tap the widespread potential of the emerging US quick commerce sector.
Market Key Trends
Consolidation is one of the key trends being witnessed in the US quick commerce market. Led by high capital requirements and intense competition, smaller players are being acquired by larger quick commerce companies to strengthen their market presence and delivery infrastructure. For instance, GoPuff acquired smaller companies like BevMo, Daily, and Fleeted to expand into untapped territories. Such buyouts are helping large players dominate the space through economies of scale.
Porter’s Analysis
Threat Of New Entrants: New entrants face high investment requirement for infrastructure.
Bargaining Power Of Buyers: Buyers have moderate bargaining power with presence of substitutes.
Bargaining Power Of Suppliers: Suppliers have low bargaining power due to availability of substitutes.
Threat Of New Substitutes: Threat from substitution is moderate due to convenience offered by quick commerce.
Competitive Rivalry: High competitive rivalry among existing players to gain market share.
Geographical Regions
The US quick e-commerce market is currently concentrated in the urban regions of East Coast and West Coast in terms of value. Major cities like New York, Los Angeles, Chicago, San Francisco, Washington D.C. contribute over 60% share owing to higher population density and household incomes.
The Southeast region in US is expected to be the fastest growing region for quick e-commerce market during the forecast period. States like Florida, Texas, Georgia, North Carolina and others are witnessing rapid urbanization and infrastructure development which is attracting quick commerce players to expand operations and fulfill rising demand. Established retailers are also partnering with quick commerce startups to leverage their logistic capabilities and strengthen presence in these high potential markets.
What are the key data covered in this US Quick E-Commerce Market report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the US Quick E-Commerce Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the US 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
:- US 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 US Quick E-Commerce Market vendors
FAQ’s
Q.1 What are the main factors influencing the US 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 US Quick E-Commerce Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the US 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:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
