The latest report by IMARC Group, titled “GCC Quick Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC quick commerce market is projected to exhibit a growth rate (CAGR) of 35% during 2023-2028.
Factors Affecting the Growth of the GCC Quick Commerce Industry:
- Changing Consumer Preferences:
The GCC Q-commerce industry is experiencing significant growth due to shifting consumer preferences. Modern consumers in the region are increasingly prioritizing convenience and immediacy in their shopping habits. They seek quick access to a wide range of products, from groceries to electronics, and are willing to pay for fast, hassle-free delivery. The demand for on-demand services has escalated, driven by busy lifestyles and the desire to save time. Q-Commerce platforms have responded to these evolving preferences by offering rapid delivery options and user-friendly mobile apps, making it easy for consumers to place orders and track their deliveries. This alignment with consumer demands positions Q-Commerce as a vital player in the retail landscape of the GCC.
- Ongoing Advancements Technology and Infrastructure:
The GCC region has witnessed remarkable advancements in technology and digital infrastructure. High smartphone penetration, widespread access to the internet, and the development of robust logistics and last-mile delivery networks has catalyzed market growth. Mobile applications and online platforms have also made it effortless for consumers to browse products, place orders, and enjoy a seamless shopping experience. These digital tools also enable real-time tracking of deliveries, enhancing transparency and trust. The synergy of advanced technology and infrastructure has empowered Q-Commerce providers to offer swift, reliable, and efficient services. This technological ecosystem is a fundamental enabler of the Q-Commerce Industry’s expansion in the GCC.
- Economic Prosperity and Urbanization:
The GCC region has experienced significant economic prosperity and urbanization, resulting in busier lifestyles for its residents. Urbanization has led to more people living in densely populated urban areas and working longer hours. As a result, there is a growing demand for time-saving solutions. Q-Commerce precisely addresses this need by providing a convenient means of accessing essential products and services with minimal effort. The ability to order groceries, meals, electronics, and more with a few taps on a smartphone resonates with the urban population, where convenience is highly valued. As urbanization continues and the life remains fast-paced, the appeal of Q-Commerce as a time-saving and efficient shopping solution is expected to grow, further propelling the industry’s expansion in the GCC region.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-quick-commerce-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
By Product Type:
- Grocery
- Pharmacy
- Others
Based on the product type, the market has been divided into grocery, pharmacy, and others.
By Platform:
- App Based
- Web Based
On the basis of the platform, the market has been bifurcated into app based and web based.
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Country-wise, the market has been segregated into Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.
GCC Quick Commerce Market Opportunities:
The region’s changing consumer preferences, characterized by a strong desire for convenience and rapid access to products, is supporting market growth. Apart from this, the escalating demand for on-demand delivery of groceries, prepared meals, and various goods has fueled market growth. As these platforms offer swift and efficient delivery services, they cater to the evolving needs of modern consumers. Moreover, the presence of robust technology and infrastructure ecosystem in the GCC, including high smartphone penetration, widespread internet access, and well-developed logistics networks, is propelling market growth. Mobile apps and online platforms have made it effortless for consumers to place orders and monitor deliveries, contributing to a seamless shopping experience.
Furthermore, the region’s economic prosperity and urbanization trends driven by busier lifestyles, has augmented the demand for time-saving solutions like Q-Commerce, thereby fostering market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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