PUBLISHER: IMARC | PRODUCT CODE: 1370540
PUBLISHER: IMARC | PRODUCT CODE: 1370540
Hyperlocal Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global hyperlocal services market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.
Hyperlocal services refer to facilities that are provided within a limited geographical area. It involves the operation of a courier agent picking up products from a seller and then delivering them directly to the customer's address. It is widely used for delivering food and beverages, drugs, personal items, and electronic gadgets, and home utility services, including plumbing, electrical repair, carpentry, laundry, and personal tutors. Hyperlocal services assist retailers, restaurants, and hotels in engaging and managing their businesses effectively. It also helps increase operational transparency and provide efficient and effortless deliveries in minimum time.
Hyperlocal Services Market Trends:
The rapid proliferation of smartphones, coupled with significant growth in the e-commerce industry, is one of the key factors driving the market growth. Hyperlocal services are widely accessed through e-commerce platforms or businesses for the fast delivery of goods and services. In addition, the increasing investment in e-commerce businesses is boosting the adoption of hyperlocal services, which, in turn, is acting as another growth-inducing factor. Furthermore, the widespread adoption of hyperlocal services due to hectic schedules and work-from-home (WFH) culture, changing consumer lifestyles, and rapid urbanization are favoring the market growth. Additionally, recent technological advancements in the logistics and automotive sectors through the adoption of automation, augmented reality (AR), artificial intelligence (AI), data collection, and visibility to reduce costs and provide a faster and seamless delivery experience are creating a positive outlook for the market. Moreover, the rapidly changing consumer preference towards online platforms that enhance the convenience and offer doorstep delivery, discounts, and combo deals is providing an impetus to market the growth. Other factors, including increasing investments in start-up businesses, rising adoption of farm-to-home concept for acquiring fresh produce, and standardization of animal by-products (ABPs), are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hyperlocal services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, type and application.
Breakup by Nature:
Goods Delivery
Utility Services
Breakup by Type:
Food Ordering
Grocery Ordering
Home Utility Service
Logistic Service Providers
Others
Breakup by Application:
Individual Users
Commercial Users
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airtasker Pty. Ltd, Blink Commerce Private Limited, Delivery Hero SE, HelloFresh SE, Instacart, Just Eat Takeaway.com N.V., Olo Inc., Swiggy, Uber Technologies Inc., UrbanClap Technologies India Pvt. Ltd. and Zomato Limited.
Key Questions Answered in This Report:
- How has the global hyperlocal services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hyperlocal services market?
- What are the key regional markets?
- What is the breakup of the market based on the nature?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hyperlocal services market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hyperlocal Services Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Nature
- 6.1 Goods Delivery
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Utility Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Type
- 7.1 Food Ordering
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Grocery Ordering
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Home Utility Service
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Logistic Service Providers
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Application
- 8.1 Individual Users
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Users
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Airtasker Pty. Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Blink Commerce Private Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Delivery Hero SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 HelloFresh SE
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Instacart
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Just Eat Takeaway.com N.V.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Olo Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Swiggy
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Uber Technologies Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 UrbanClap Technologies India Pvt. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Zomato Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.1 Airtasker Pty. Ltd
List of Figures
- Figure 1: Global: Hyperlocal Services Market: Major Drivers and Challenges
- Figure 2: Global: Hyperlocal Services Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Hyperlocal Services Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Hyperlocal Services Market: Breakup by Nature (in %), 2022
- Figure 5: Global: Hyperlocal Services Market: Breakup by Type (in %), 2022
- Figure 6: Global: Hyperlocal Services Market: Breakup by Application (in %), 2022
- Figure 7: Global: Hyperlocal Services Market: Breakup by Region (in %), 2022
- Figure 8: Global: Hyperlocal Services (Goods Delivery) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Hyperlocal Services (Goods Delivery) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Hyperlocal Services (Utility Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Hyperlocal Services (Utility Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Hyperlocal Services (Food Ordering) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Hyperlocal Services (Food Ordering) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Hyperlocal Services (Grocery Ordering) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Hyperlocal Services (Grocery Ordering) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Hyperlocal Services (Home Utility Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Hyperlocal Services (Home Utility Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Hyperlocal Services (Logistic Service Providers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Hyperlocal Services (Logistic Service Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Hyperlocal Services (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Hyperlocal Services (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Hyperlocal Services (Individual Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Hyperlocal Services (Individual Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Hyperlocal Services (Commercial Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Hyperlocal Services (Commercial Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Hyperlocal Services Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Hyperlocal Services Industry: SWOT Analysis
- Figure 76: Global: Hyperlocal Services Industry: Value Chain Analysis
- Figure 77: Global: Hyperlocal Services Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hyperlocal Services Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Hyperlocal Services Market Forecast: Breakup by Nature (in Million US$), 2023-2028
- Table 3: Global: Hyperlocal Services Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Hyperlocal Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Hyperlocal Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Hyperlocal Services Market: Competitive Structure
- Table 7: Global: Hyperlocal Services Market: Key Players
