Hyperlocal Services Global Market Report 2024

Description

“Hyperlocal Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hyperlocal services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hyperlocal services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hyperlocal services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Food Orders; Grocery Orders; Household Utilities; Logistics Service Providers; Other Types
2) By Nature: Goods Delivery; Utility Services
3) By Revenue Model: Subscription; Advertisement; Sponsorship; Other Revenue Models
4) By Device: Smartphones; Smart TVs, Projectors and Monitors.; Laptop, Desktops and Tablets; Other Devices
5) By Application: Individual Users; Commercial Users
Companies Mentioned: Delivery Hero SE; AskforTask Inc.; Blink Commerce Private Limited; Grubhub Inc.; Handy Technologies Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Hyperlocal services involve the delivery of goods and services utilizing various modes of transportation, including bikes, cars, and cabs. These services aim to deliver products and services to customers from nearby offline stores within a limited timeframe. Hyperlocal services facilitate changes in specified locations, product filtering, and order tracking.

The primary types of hyperlocal services include food orders, grocery orders, household utilities, logistics service providers, and other categories. Food orders entail requests for the preparation, supply, or delivery of food or related products. The nature of hyperlocal services revolves around goods delivery and utility services, with a revenue model encompassing subscription, advertisement, sponsorship, and other revenue streams. Devices commonly used for accessing hyperlocal services include smartphones, smart TVs, projectors, monitors, laptops, desktops, tablets, and other devices utilized by both individual and commercial users.

The hyperlocal services market research report is one of a series of new reports from The Business Research Company that provides hyperlocal services market statistics, including hyperlocal services industry global market size, regional shares, competitors with a hyperlocal services market share, detailed hyperlocal services market segments, market trends and opportunities, and any further data you may need to thrive in the hyperlocal services industry. This hyperlocal services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hyperlocal services market size has grown rapidly in recent years. It will grow from $2521. 66 billion in 2023 to $2944. 16 billion in 2024 at a compound annual growth rate (CAGR) of 16. 8%. The growth during the historical period can be attributed to factors such as increased urbanization, a growing demand for convenient and time-saving services, higher disposable income levels, the rising trend of e-commerce, the proliferation of smartphones and mobile apps, and an increasing demand for on-demand services.

The hyperlocal services market size is expected to see rapid growth in the next few years. It will grow to $5239. 87 billion in 2028 at a compound annual growth rate (CAGR) of 15. 5%. The anticipated growth in the forecast period can be attributed to the rise of the gig economy and freelance workforce, advancements in geolocation and mapping technologies, the increasing prevalence of contactless and cashless transactions in hyperlocal services, a growing trend of localization, and the rising popularity of online shopping. Noteworthy trends expected in the forecast period encompass advancements in technology, the adoption of blockchain technology for secure transactions, the integration of artificial intelligence in service delivery platforms, the incorporation of augmented reality (AR) for enhanced user experiences, and an increased focus on community engagement and local partnerships.

The hyperlocal services market has experienced growth in the historical period, driven by increased funding for e-commerce businesses. E-commerce platforms are adopting hyperlocal services to expedite the delivery of goods and services while minimizing time. According to the India Brand Equity Foundation (IBEF), Flipkart secured funding of $36. 5 billion in July 2021 from various sources, including private equities, Walmart, and sovereign funds. Consequently, the escalating funding for e-commerce businesses is a key factor propelling the expansion of hyperlocal services.

The future growth of the hyperlocal service market is anticipated to be fueled by the widespread adoption of smartphones. Smartphones, equipped with built-in computers and additional functionalities, enhance hyperlocal services by providing GPS data for precise location tracking, enabling real-time interactions and transactions, delivering personalized recommendations, and establishing an efficient channel for local businesses to connect with potential customers. For example, as of February 2023, mobile connections in the UK reached 71. 8 million, indicating a 3. 8% increase from the previous year. It is projected that by 2025, around 95% of the UK's population, or approximately 65 million individuals, will own smartphones. Thus, the surge in smartphone adoption is a driving force for the growth of the hyperlocal service market.

The evolution of technology and its integration play a pivotal role in shaping the hyperlocal services market. Technological advancements contribute to the development of services through the application of knowledge and innovation. For instance, in 2021, EatFit, an Indian-based healthy food platform, integrated with MapmyIndia to enhance its application experience. This integration utilized MapmyIndia's location technology, providing routing algorithms for tracking and distance matrix APIs to optimize EatFit's kitchen discoverability and improve the delivery network.

Major companies in the hyperlocal service market are strategically focusing on introducing quick delivery services to gain a competitive advantage. Quick delivery services in hyperlocal services involve the rapid delivery of products or services within a limited radius, often within hours or even minutes. In September 2022, United Parcel Service (UPS), a US-based shipping company, launched a hyperlocal delivery service named Hyperlocal. This service offers swift next-day delivery to specific customers within metropolitan areas, focusing on markets where UPS has a distribution center or similar facilities within a 100-mile radius of the delivery destination. It caters to both consumers and businesses, allowing them to order various products, including groceries, food, pharmaceuticals, and everyday household items.

In March 2022, Zomato, an India-based food delivery company, acquired a 16. 66% stake in Mukunda Foods Private Limited for $5 million. This strategic acquisition is expected to enhance Zomato's quick commerce business and strengthen its position in the Indian commerce market. Mukunda Foods Private Limited specializes in kitchen automation and robotics, providing services to scale up kitchen operations in the food industry.

Major companies operating in the in the hyperlocal services market report are Delivery Hero SE, AskforTask Inc., Blink Commerce Private Limited, Grubhub Inc., Handy Technologies Inc., Housekeep Limited, Maplebear Inc., Just Eat Limited, Just Eat Takeawaycom NV, Uber Technologies Inc., Airtasker Pty Ltd., Bundl Technologies Private Limited, Foodpanda GmbH, Porch Group Inc., ibibo Group Private Limited, ANI Technologies Private Limited, Zimmer Biomet Holdings Inc., UrbanClap Technologies India Pvt. Ltd., Mechlae Tech Mobility Solutions Private Limited, Wishbee World Private Limited, Cloudify Technologies Private Limited, Wefast India Private Limited, DC Foodiebay Online Services Private Limited, Grab Holdings Ltd., PT Aplikasi Karya Anak Bangsa, Postmates Inc., DoorDash Inc., Target Corporation, Rappi Inc., Favor Delivery LLC, Caviar Inc.

North America was the largest region in the hyperlocal services market share in 2023. The regions covered in the hyperlocal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hyperlocal services market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The hyperlocal services market includes revenues earned by entities by providing services such as order-focused delivery service, full-service on-demand delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10396

1. Executive Summary

2. Hyperlocal Services Market Characteristics

3. Hyperlocal Services Market Trends And Strategies

4. Hyperlocal Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Hyperlocal Services Market Size and Growth

5.1. Global Hyperlocal Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Hyperlocal Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Hyperlocal Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hyperlocal Services Market Segmentation

6.1. Global Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food Orders
Grocery Orders
Household Utilities
Logistics Service Providers
Other Types
6.2. Global Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Goods Delivery
Utility Services
6.3. Global Hyperlocal Services Market, Segmentation By Revenue Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Subscription
Advertisement
Sponsorship
Other Revenue Models
6. 4. Global Hyperlocal Services Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Smartphones
Smart TVs, Projectors and Monitors.
Laptop, Desktops and Tablets
Other Devices
6. 5. Global Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Individual Users
Commercial Users

7. Hyperlocal Services Market Regional And Country Analysis

7.1. Global Hyperlocal Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Hyperlocal Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hyperlocal Services Market

8.1. Asia-Pacific Hyperlocal Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hyperlocal Services Market

9.1. China Hyperlocal Services Market Overview
9.2. China Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hyperlocal Services Market

10.1. India Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hyperlocal Services Market

11.1. Japan Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hyperlocal Services Market

12.1. Australia Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hyperlocal Services Market

13.1. Indonesia Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hyperlocal Services Market

14.1. South Korea Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hyperlocal Services Market

15.1. Western Europe Hyperlocal Services Market Overview
15.2. Western Europe Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hyperlocal Services Market

16.1. UK Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hyperlocal Services Market

17.1. Germany Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hyperlocal Services Market

18. 5. France Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hyperlocal Services Market

19. 9. Italy Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hyperlocal Services Market

20.13. Spain Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hyperlocal Services Market

21.1. Eastern Europe Hyperlocal Services Market Overview
21.2. Eastern Europe Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hyperlocal Services Market

22.1. Russia Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hyperlocal Services Market

23.1. North America Hyperlocal Services Market Overview
23.2. North America Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hyperlocal Services Market

24.1. USA Hyperlocal Services Market Overview
24.2. USA Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hyperlocal Services Market

25.1. Canada Hyperlocal Services Market Overview
25.2. Canada Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hyperlocal Services Market

26.1. South America Hyperlocal Services Market Overview
26.2. South America Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hyperlocal Services Market

27.1. Brazil Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hyperlocal Services Market

28.1. Middle East Hyperlocal Services Market Overview
28.2. Middle East Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hyperlocal Services Market

29.1. Africa Hyperlocal Services Market Overview
29.2. Africa Hyperlocal Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Hyperlocal Services Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Hyperlocal Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hyperlocal Services Market Competitive Landscape And Company Profiles

30.1. Hyperlocal Services Market Competitive Landscape
30.2. Hyperlocal Services Market Company Profiles
- 30.2.1. Delivery Hero SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. AskforTask Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Blink Commerce Private Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Grubhub Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Handy Technologies Inc.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Hyperlocal Services Market Competitive Benchmarking

32. Global Hyperlocal Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hyperlocal Services Market

34. Hyperlocal Services Market Future Outlook and Potential Analysis

34.1 Hyperlocal Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Hyperlocal Services Market In 2028 - Segments Offering Most New Opportunities
34. 3 Hyperlocal Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer