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The Quick Commerce Market of Saudi Arabia is expected to witness a surge by 2026F, demand for quick deliveries & greater transparency will positively affect the Market: Ken Research

1.  KSA Quick Commerce Market is currently at a nascent stage with ~15-20 players & has witnessed significant competition in terms of emergence of various companies.

Quick Commerce Market of Saudi Arabia

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With a CAGR of 64.1% in the period between 2018-2021, the quick commerce market as seen in KSA is currently at a growing stage. The market is moderately fragmented with presence of a few major brands dominating the market. Moreover, the city of Riyadh is a major contributor with more than 50% of the overall on-demand logistics order coming from the same.

2.  The Central region with Riyadh as the major Hub generated on-demand grocery delivery orders of around 2.7 Million in 2021.

Quick Commerce Industry of Saudi Arabia

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  • Riyadh & Jeddah are key hubs of the e-grocery segment in the country.
  • The central region represents the largest market with large middle & upper class & there are plenty of consumers with discretionary budgets available for a wide assortment of products.
  • Increased Internet penetration rate, quick access to smartphones, some of the prime factors responsible for large number of orders in these regions.

3.  KSA’s On-Demand Grocery delivery market is expected to grow at a CAGR of 92.5% during 2021-2026F

On-Demand Grocery delivery market

  • The number of orders are expected to rise to 808.4 million in 2026F, attributing to internet penetration across rural & urban areas.
  • Upgradation in technology such as GPS monitored robots, drones, inbuilt RFID, GPS & Telematics will be used for tracking inventory.
  • Simplified e-banking systems, improved logistics & changing lifestyles are also responsible for the growth in this sector.
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