The Us Quick E-commerce (quick Commerce) Market Enables Consumers To Get Their Daily Essentials Delivered Within One Hour. Customers Can Order Items F

By Author: Ben
Total Articles: 165
Comment this article

The US quick e-commerce (Quick Commerce) market enables consumers to get their daily essentials delivered within one hour. Customers can order items from nearby dark stores via mobile applications and get their orders delivered within 30-60 minutes. Items available on quick commerce platforms include groceries, medicines, electronics, household items and more. The market has gained immense popularity as it provides doorstep delivery of items instantly, saving customers' time. With hectic schedules and busy lifestyles, quick commerce fulfills the immediate needs of consumers in a hassle-free and convenient way.

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 2023-2031.

Key Takeaways

Key players operating in the US Quick E-Commerce (Quick Commerce) are GoPuff, DoorDash, Uber, Instacart, Postmates, Fridge No More, Buyk, Gorillas, Jokr, and Getir among others. With increasing investments, these players are expanding their operations and building many micro-fulfillment centers closer to customers to meet the emerging ...
... demand.

The growing demand for instant delivery of goods is a major factor fueling the growth of the quick commerce market in the US. Consumers prefer quick commerce platforms for last-minute essentials as it saves their time. Changing consumer habits and busy lifestyles have increased the consumption of quick commerce services.

Many quick commerce companies are expanding globally to leverage the opportunities. While Europe and Middle East are mature quick commerce markets, players are now focusing on other regions including Asia Pacific and Latin America. Companies are raising funds to strengthen their fulfillment capabilities and global footprint to capture more share of the quick commerce industry.

Market Drivers

The primary driver of the US quick commerce market is convenience. Customers can get their daily essentials and last-minute items delivered within an hour of ordering via quick commerce apps. This helps save precious time of consumers and fulfill instant needs. With growing preference for seamless shopping experience, quick commerce is poised to grow significantly in the US.

Impact Of Geopolitical Situation On US Quick E-Commerce (Quick Commerce) Market Growth

The US quick commerce market is witnessing robust growth over the past few years. However, rising geopolitical tensions between major economies like the US, China and Russia are marring the overall economic growth. The ongoing conflict between Ukraine and Russia has severely impacted global supply chains and distribution networks. It has significantly inflated input costs for quick commerce players operating in the US. Volatile fuel prices and shortage of raw materials are posing operational challenges. Additionally, rising inflationary pressures and fears of a recession in the US are dampening consumer spending appetite and demand for quick commerce services. Companies need to diversify their logistics and procurement networks to mitigate risks from geopolitical uncertainties. They also must consider adopting cost optimization strategies and developing private label offerings to improve margins. Tapping non-metro locations and expanding assortments can help sustain growth.

Geographical Regions with High Market Concentration

The US quick commerce market is presently concentrated in major metro areas like New York City, Los Angeles, Chicago, Washington DC, Boston, San Francisco and Dallas owing to higher population densities and spending power. These cities collectively account for over 60% of the total market value currently. Hyperlocal fulfillment of delivery-only orders within 15-30 minutes is only viable in densely populated neighborhoods where there is adequate demand. Quick commerce players hence primarily focus on penetrating tier I cities before expanding to smaller cities and suburbs. High rents, real estate costs and wages in these cities also pose significant challenges for profitability.

Fastest Growing Geographical Region

The South region of the US encompassing states like Texas, Florida, Georgia and North Carolina is emerging as the fastest growing geographical market for quick commerce currently. This is due to rapid urbanization occurring across many high density suburbs located near major metro cities in these states. Next decade growth is backed by youthful demographics, strong economic growth outlook and increasing number of dual income households with less time for regular grocery trips. Cities like Austin, Dallas, Houston, Miami, Atlanta, Charlotte and Raleigh offer huge potential for quick commerce to scale in the coming years given supportive tailwinds.

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's growth between 2024 and 2031.

:- Accurate calculation of the size of the US Quick E-Commerce and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- US Quick E-Commerce 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 vendors

FAQ’s

Q.1 What are the main factors influencing the US Quick E-Commerce?

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 companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the US Quick E-Commerce’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?

Get more insights on this topic:https://benstiller.hashnode.dev/the-rapid-growth-of-the-us-quick-e-commerce-quick-commerce-market-will-accelerate-owing-to-growing-consumer-demand-for-instant-gratification-and-con