0
New
New
2022
Hyperlocal Services Market

Hyperlocal Services Market

by Nature (Goods Delivery, Utility Services), by Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A03506
Pages: 213
May 2022 | 20582 Views
Author(s) : Samriddhi Chauhan , Roshan Deshmukh
Tables: 118
Charts: 58
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

Hyperlocal Services Market Research, 2030

The global Hyperlocal Service Market Size was valued at $1,714.60 billion in 2020, and is projected to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.

The significant decrease in the food delivery service market size in 2020, in developing countries including India and China is estimated on the basis of the COVID-19 outbreak and its impact on online food orders. This estimation is carried out on the basis of the revenue generated by the food delivery companies. In some countries, such as the U.S., the impact of lockdown was found to be advantageous for the food and grocery delivery companies.

Hyperlocal Service Market, Hyperlocal Service Industry, Hyperlocal Service Market Size, Hyperlocal Service Market Share, Hyperlocal Service Market Growth, Hyperlocal Service Market Trends, Hyperlocal Service Market Analysis, Hyperlocal Service Market Forecast

The hyperlocal service market is segmented into Nature and Type.

Hyperlocal service are those service that are provided within the limited geographic area wherein sellers can deliver product or service in minimum time period. Hyperlocal service comprise delivery of goods and services; for instance, delivery of goods includes food, grocery, drugs, furniture, electronic items. The special characteristic of the hyperlocal service model is that entire supply chain is located pretty close to the buyer as well as seller.

Proliferation of smartphones, growing urbanization, changing consumer preference and improving life style has been driving the growth market and is expected to drive the market during forecast period. This is majorly attributed to growing funding for e-commerce business and growing trend of business digitalization. Furthermore, many big giants who deal in e-commerce are adopting and acquiring hyperlocal business in order reduce the transportation cost and minimize the significant delivery time.

The report segments the hyperlocal service market on the basis of type, nature and region. On the basis of type, it is segmented into food ordering, grocery ordering, home utility service, logistic service providers, and others. On the basis of nature, it is segmented into goods delivery and utility service. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).

Hyperlocal Services Market
By Type

Your browser does not support the canvas element.

The Home Utility Service segment dominates the Global Market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

According to Hyperlocal Service Market Analysis, On the basis of type, the home utility service segment accounted for the maximum Hyperlocal Service Market Share in 2020, and is expected to continue throughout the Hyperlocal Service Market Forecast period Home utility service has gained major traction in developed countries including the U.S., Japan, Germany, and Russia. This is majorly attributed to hectic schedule, innovation in the service, improved mobile technologies, advances in connectivity, and increased urbanized population. Home utility service includes appliance repair, carpet cleaning, home remodeling, house cleaning, personal grooming and lawn care. Home moving service has been gaining significant popularity in the urban population owing to lack of time and domestic help, and benefits associated such as services can be booked at one click, improved payment getaway and service can be tracked, which further adds to the Hyperlocal Service Market Growth.

Hyperlocal Services Market
By Nature

Your browser does not support the canvas element.

The Utility Services segment dominates the Global Market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

On the basis of nature, the goods deliver segment was valued at $714 billion in 2020, and is expected to grow to $2,291.8 billion by 2030. Goods delivery comprises food, grocery, furniture, and medicine or drugs. Growing smartphone users and availability of online service has been driving the growth of the market through goods delivery segment. Furthermore, people increasingly prefer online platforms for shopping owing to benefits associated including door step delivery, convenience, discounts, combo offers, and cost effectiveness. Innovations and improvisation in delivery service is expected to fuel the growth of hyperlocal service market, during the forecast period.

Hyperlocal Services Market
By Region

2030
North America 
Asia-pacific
Lamea
Europe

The North America region dominates the Global Market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

Region wise, North America was the prominent market in 2020, which accounted for the maximum share in the market, and is expected to sustain its market share during the forecast period. The key factor driving the growth of the  market in North America is growing investment for startup business and quick adoptions for the technological changes. Restaurant digital orders and grocery ordering have witnessed tremendous growth in the region during lockdown period, as people are suggested to stay at home which created huge demand for hyperlocal service. Furthermore, increased urbanization, high working age population and lack of domestic help has been favoring the growth of market during the forecast period.

The players in the Hyperlocal Service Industry have adopted various developmental strategiesto expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Delivery Hero, Just-Eat, Takeaway.com, GrubHub, Grofers (Locodel Solutions Pvt. Ltd), Instacart, Housekeep, Uber Technologies Inc., Handy, and Ask For Task (U.S.)

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hyperlocal service market analysis from 2020 to 2030 to identify the prevailing Hyperlocal Service Market Opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hyperlocal service market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Hyperlocal Service Market Trends, key players, market segments, application areas, and market growth strategies.

 

Hyperlocal Services Market Report Highlights

Aspects Details
Nature
  • Goods Delivery
  • Utility Services
Type
  • Food Ordering
  • Grocery Ordering
  • Home Utility Service
  • Logistic Service Providers
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Russia, Rest of Europe, France, Germany, Italy, Spain, U.K.)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ASKFORTASK INC., DELIVERY HERO SE, GROFERS INDIA PRIVATE LIMITED, HOUSEKEEP LIMITED, INSTACART, JUST EAT TAKEAWAY.COM N.V., UBER TECHNOLOGIES, ANGI INC, Urban Company, ZOMATO LIMITED
 

Loading Table Of Content...


 
 

Innovation in service is key for the growth of global hyperlocal service market in terms of value sales. Customers are increasingly inclined to have comfortable, convenient and hustle free shopping, which is anticipated to fuel the growth of the hyperlocal service during the forecast period. Online food and grocery ordering platforms are enhancing the shopping experience by using improved technologies in logistic including online tracking system which allows customers to track their order from ordering to delivery. In addition, discounts, combo offers, referring rewards and first time ordering discounts are increasing customers on the online ordering platforms.

Growing utility of smartphones and its user base is lucrative opportunities for the new entrants and growing funding for the start-ups through government and big giants are further adding to the growth of the hyperlocal service market.

Key players in the market have adopted new product launch, continuous innovation, and acquisition as their key developmental strategies to fulfill the rising demand for hyperlocal service including online food, grocery, furniture, home services, and drugs Jugnoo acquired SubKuchFresh, an online grocery store in 2016, to strengthen hyperlocal service India. Jugnoo is India's 3rd largest ride-hailing company, operating in 50+ cities pan-India.

However, unorganized retail sector, improper transportation facilities, growing cybercrimes and digital illiteracy, has been hampering the growth of the hyperlocal service market during the forecast period. Additionally, customer’s lack of trust on online shopping is big challenge for the online business operating firms.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. $5,188.6 is the total market value of hyperlocal services market report in 2030.

A. From 2021-2030 would be forecast period in the market report

A. $1,484.8 billion is the market value of hyperlocal services market in 2021

A. 2020 is base year calculated in the hyperlocal services market report

A. Hero, Just-Eat, Takeaway.com, GrubHub, Grofers, Instacart, Housekeep, Uber Technologies Inc are the top companies hold the market share in hyperlocal services market

A. Goods delivery is the most influencing segment growing in the hyperlocal services market report

A. Technological advancement, internet penetration, and changing lifestyle & food habbits are some of the key trends in hyperlocal services market.

A. 17.4% & 16.8%% are the growth rate of the emerging countries.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Hyperlocal Services Market

Start reading instantly.
This Report and over 18,877+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (May 2023 - May 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (May 2023 - May 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers