Hyperlocal Services Market - Global Hyperlocal Services Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Component Coverage, By service Type Coverage, By Geographical Coverage, By Leading Companies, Region)

Description

Fairfield Market Research, a leading market intelligence and consulting firm, has released a comprehensive report on the global hyperlocal services market, projecting remarkable growth opportunities and key trends shaping the industry landscape. According to the report, the hyperlocal services market, valued at approximately US$1.8 trillion, is anticipated to surge to a staggering US$4.9 trillion by the year 2030, exhibiting a robust CAGR of 14.8% between 2023 and 2030.

Trend Analysis: Key Drivers Propelling Market Expansion

The report identifies several key trends driving the growth of the hyperlocal services market:

1.Strategic Partnerships with E-commerce Giants: Major e-commerce players are increasingly embracing and acquiring hyperlocal companies to optimize transportation costs and streamline delivery processes, thus fostering market growth.
2.Shift in Lifestyle Patterns: Busy lifestyles and an increase in working women are fueling the demand for hyperlocal services, particularly in the online food and grocery ordering sector.
3.Dominance of Home Utility Services: The home utility services category emerged as a dominant segment in 2023, driven by factors such as customer convenience, cost-effectiveness, and prompt delivery.

Market Insights: Growth Determinants and Barriers

Key growth determinants driving the expansion of the hyperlocal services market include shifting dietary and lifestyle patterns, increase in net spending, and the emphasis on shorter turnaround times for goods and services. However, the market faces challenges such as inadequate digital

Infrastructure and extending product options to isolated and rural areas pose significant challenges to the hyperlocal services market. Limited digital infrastructure and access to technology inhibit market growth in underserved regions, while expanding product offerings to remote areas requires overcoming logistical hurdles and maintaining quality standards.

However, amidst these challenges, several trends and opportunities are emerging:

1.Big Savings and Affordable Offerings: Intense competition in the hyperlocal services market is driving players to offer substantial cost savings and aggressive pricing strategies. This focus on affordability is attracting a wider customer base and fueling rapid market growth.
2.Rising Smartphone Adoption: The widespread adoption of smartphones and increased internet penetration are driving the expansion of hyperlocal services. With more consumers relying on smartphones for everyday tasks, there is a growing demand for convenient, on-demand services, presenting lucrative opportunities for new entrants in the market.
3.Partnerships with Local Businesses: Hyperlocal service platforms are forming partnerships with local businesses to enhance their offerings and improve customer experiences. By connecting consumers with nearby businesses, these platforms facilitate increased visibility for local enterprises and streamline operations, creating mutually beneficial opportunities for growth.

Regional Analysis: North America and Asia Pacific Lead the Way

North America remains the largest revenue-contributing region in the global hyperlocal services market, driven by investments in startups and rapid adoption of technology innovations. Meanwhile, Asia Pacific is poised to witness significant growth, fueled by a burgeoning consumer base, rising disposable income, and government support for startups.

Competitive Analysis

Among the key players identified in the hyperlocal services market are:

1.Just Eat Takeaway N.V.
2.Instacart
3.AskforTask Inc
4.Uber Technologies Inc
5.Housekeep Limited
6.TinyOwl Technology Pvt Ltd.
7.GrubHub
8.Delivery Hero
9.Swiggy (Bundl Technologies Pvt. Ltd.)

10.Zomato Ltd.

11.Delivery Club

Global Hyperlocal Service Market is Segmented as Below:

By Component

Food Ordering
Grocery Ordering
Home Utility Services
Logistics Services

By Service Type:

Delivery Service
Utility Service

By Geographic Coverage:

North America
- S.
- Canada
Europe
- Germany
- K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of Middle East & Africa

1. Executive Summary

1.1. Global Hyperlocal Services Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Hyperlocal Services Market Outlook, 2018 - 2030

3.1. Global Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Food Ordering
  - 3.1.1.2. Grocery Ordering
  - 3.1.1.3. Home Utility Services
  - 3.1.1.4. Logistics Services
3.2. Global Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Delivery Service
  - 3.2.1.2. Utility Service
3.3. Global Hyperlocal Services Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Hyperlocal Services Market Outlook, 2018 - 2030

4.1. North America Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Food Ordering
  - 4.1.1.2. Grocery Ordering
  - 4.1.1.3. Home Utility Services
  - 4.1.1.4. Logistics Services
4.2. North America Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Delivery Service
  - 4.2.1.2. Utility Service
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Hyperlocal Services Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 4.3.1.2. U.S. Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 4.3.1.3. Canada Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 4.3.1.4. Canada Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Hyperlocal Services Market Outlook, 2018 - 2030

5.1. Europe Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Food Ordering
  - 5.1.1.2. Grocery Ordering
  - 5.1.1.3. Home Utility Services
  - 5.1.1.4. Logistics Services
5.2. Europe Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Delivery Service
  - 5.2.1.2. Utility Service
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Hyperlocal Services Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.2. Germany Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.3. U.K. Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.4. U.K. Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.5. France Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.6. France Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.7. Italy Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.8. Italy Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.9. Turkey Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.10. Turkey Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.11. Russia Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.12. Russia Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Hyperlocal Services Market Outlook, 2018 - 2030

6.1. Asia Pacific Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Food Ordering
  - 6.1.1.2. Grocery Ordering
  - 6.1.1.3. Home Utility Services
  - 6.1.1.4. Logistics Services
6.2. Asia Pacific Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Delivery Service
  - 6.2.1.2. Utility Service
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Hyperlocal Services Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.2. China Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.3. Japan Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.4. Japan Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.5. South Korea Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.6. South Korea Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.7. India Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.8. India Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Hyperlocal Services Market Outlook, 2018 - 2030

7.1. Latin America Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Food Ordering
  - 7.1.1.2. Grocery Ordering
  - 7.1.1.3. Home Utility Services
  - 7.1.1.4. Logistics Services
7.2. Latin America Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Hyperlocal Services Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 7.3.1.2. Brazil Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.3. Mexico Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 7.3.1.4. Mexico Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.5. Argentina Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 7.3.1.6. Argentina Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Hyperlocal Services Market Outlook, 2018 - 2030

8.1. Middle East & Africa Hyperlocal Services Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Food Ordering
  - 8.1.1.2. Grocery Ordering
  - 8.1.1.3. Home Utility Services
  - 8.1.1.4. Logistics Services
8.2. Middle East & Africa Hyperlocal Services Market Outlook, by Service Type, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Delivery Service
  - 8.2.1.2. Utility Service
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Hyperlocal Services Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 8.3.1.2. GCC Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.3. South Africa Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 8.3.1.4. South Africa Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.5. Egypt Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 8.3.1.6. Egypt Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.7. Nigeria Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 8.3.1.8. Nigeria Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Hyperlocal Services Market by Component, Value (US$ Mn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Hyperlocal Services Market Service Type, Value (US$ Mn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Capacity vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Zomato Ltd.
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Swiggy (Bundl Technologies Pvt. Ltd.)
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Delivery Hero
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. GrubHub
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. TInyOwl Technology Pvt Ltd.
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Housekeep Limited
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Uber Technologies Inc
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. AskforTask Inc
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Business Strategies and Development
- 9.5.9. Instacart
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Just East Takeaway N.V.
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Delivery Club
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations