Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future.
High Internet Penetration: Saudi Arabia has a high internet penetration with majority of the population is having an internet connection and most of them access the internet through their mobile phones which has become the prime factor for the growth of quick commerce market in Saudi Arabia. The high internet penetration rate has also led to the rise of digital technology which has transformed the delivery process and has reshaped the market. Instead of going to the grocery store, customers are now placing their orders via apps and websites and with this continued use of apps, this behavior has given an advantage to the consumers of Variety of brand options providing good discounts or cash backs and convenience.
Impact of Covid-19: The Covid-19 pandemics has dramatically shifted the consumer nature, forcing them to adopt the digital purchasing. In 2020, the country saw a sudden rise in the transaction volume done by debit cards because most of the people were using the quick commerce services. Furthermore, Sudden Lockdowns due to the pandemic has encouraged people to start accessing the online delivery platforms which led to the rise of Saudi Arabia quick commerce market, the online platforms also provide the convenience and the last mile delivery with great offers and discounts and not just people but vendors are also benefited from the quick commerce platforms like increased exposure, customer reach and greater online visibility.
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Adoption of New Technologies: The adoption of New Technologies like using the big data and artificial intelligence, couriers and retailers are able to pinpoint the perfect drive for each customer so that they can ensure the same day delivery using robots and drones. By implementing the drone delivery, companies are able to provide cost-effective solutions and can drive the last mile delivery. Companies are also leaning towards other technologies like GPS monitored robots, drones, inbuilt RFID, IoT Telematics that will be used for tracking Inventory. Furthermore, Simplified E-banking system and improved logistics are others technical factors which are responsible for the growth in quick commerce sector.
Analysts at Ken Research in their latest publication “Saudi Arabia Quick Commerce Market Outlook to 2026F – Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future” by Ken Research observed that Saudi Arabia Quick Commerce Market is in the growing phase. The Adoption of New Technologies, emerging new players, high internet penetration, balancing lifestyle, Government Initiatives and with the convenience of last mile delivery, are some of the factors that will contributed to the Saudi Arabia Quick Commerce market growth over the period of 2021P-2026F with a growth rate of CAGR ~17%.
Key Segments Covered: –
Saudi Arabia Quick Commerce Market:
- By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:
- B2B/B2C
- C2C
- By Region (By No of Orders), 2021 & 2026F:
- Central (Riyadh, Qasim)
- Western (Mecca, Medina, Jeddah)
- Eastern (Dammam, Khafji, Alhasa)
- Southern (Asir, Najran, Jizan)
- Northern (Ha’il, Tabuk, Jouf)
- By On-Demand Segment (By No of Orders), 2021 & 2026F:
- On-Demand Food Delivery
- On-Demand Last mile Logistics
- On-Demand Grocery
Saudi Arabia On-Demand Grocery Delivery Market:
- By Region (By No of Orders), 2021 & 2026F:
- Central (Riyadh, Qasim)
- Western (Mecca, Medina, Jeddah)
- Eastern (Dammam, Khafji, Alhasa)
- Southern (Asir, Najran, Jizan)
- Northern (Ha’il, Tabuk, Jouf)
- By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
- Under 30 Minutes
- 30 to 45 Minutes
- 45 Minutes to 60 Minutes
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- By Product Category (By No of Orders), 2021 & 2026F:
- Grocery
- Bakery, Snack & Sweets
- Home Essentials, Gift & Pet
- Health & Wellness
- Other Items (Baby & mom Needs, Gadgets, Toys, Stationery etc)
- By Gender (By No of Orders), 2021 & 2026F:
- Male
- Female
- By Age Group (By No of Orders), 2021 & 2026F:
- 18-24
- 25-34
- 35-44
- 45 Above
- By Frequency of Ordering (By No of Orders), 2021:
- Everyday
- 2-3 times a week
- Once a week
- 1-2 times a month
- Once every 6 months
- Once in a year or less
Saudi Arabia On-Demand Food Delivery Market:
- By Region (By No of Orders), 2021 & 2026F:
- Central (Riyadh, Qasim)
- Western (Mecca, Medina, Jeddah)
- Eastern (Dammam, Khafji, Alhasa)
- Southern (Asir, Najran, Jizan)
- Northern (Ha’il, Tabuk, Jouf)
- By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
- Under 30 Minutes
- 30 to 45 Minutes
- 45 Minutes to 60 Minutes
- By Gender (By No of Orders), 2021 & 2026F:
- Male
- Female
- By Age Group (By No of Orders), 2021 & 2026F:
- 18-24
- 25-34
- 35-44
- 45 Above
- By Average Order Value (By No of Orders), 2021 :
- <50 SAR
- 50 SAR – 100 SAR
- 100 SAR – 200 SAR
- >200 SAR
- By Cuisine Type (By No of Orders), 2021 & 2026F:
- Fast Food
- Traditional
- Asian
- Others (Mediterranean, Lebanese, Latin American Food)
- By Frequency of Ordering (By No of Orders), 2021:
- Everyday
- 2-3 times a week
- Once a week
- 1-2 times a month
- Once every 6 months
- Once in a year or less
Saudi Arabia On-Demand Grocery Delivery Market:
- By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:
- B2B/B2C
- C2C
- By Region (By No of Orders), 2021 & 2026F:
- Central (Riyadh, Qasim)
- Western (Mecca, Medina, Jeddah)
- Eastern (Dammam, Khafji, Alhasa)
- Southern (Asir, Najran, Jizan)
- Northern (Ha’il, Tabuk, Jouf)
- By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:
- Under 30 Minutes
- 30 to 45 Minutes
- 45 Minutes to 60 Minutes
- By B2C End User (By No of Orders), 2021 & 2026F:
- Food Delivery
- Supermarts & Conveyance Stores
- Furniture & Home Essentials Stores
- Medical Store Deliveries
- Others (Pet Supplies, Flowers & Gift Shops, Bakery Stores, Stationery etc.)
Key Target Audience
- Quick Commerce Players
- Ecommerce Companies
- E-grocery Companies
- Logistics Companies
- Cold Chain Companies
- Investors & Venture Capitalists
Time Period Captured in the Report:
- Historical Period: 2018-2020
- Base Year: 2021
- Forecast Period: 2022 – 2026F
Companies Covered:
On-Demand Grocery Delivery
- Hungerstation
- Nana
On Demand Food Delivery
- Hungerstation
- Jahez
- The Chefz
- Careem
- ToYou
On-Demand Last mile Logistics Delivery
- Mrsool
- Shgardi
Key Topics Covered in the Report:
- Executive Summary of Saudi Arabia Quick Commerce Market
- Saudi Arabia Country Overview
- Digital Economy in Saudi Arabia
- Saudi Arabia Quick Commerce Market Overview and Genesis
- Ecosystem of major entities in Saudi Arabia Quick Commerce Market
- Genesis of Saudi Arabian Quick Commerce Market
- E-Commerce vs Quick Commerce
- Saudi Arabia Quick Commerce Market Size
- Saudi Arabia Quick Commerce Market Segmentation by Segments, 2021 (Food delivery, Grocery delivery, Last-mile logistics)
- Saudi Arabia On-Demand Grocery Delivery Market
- Ecosystem of the Grocery Delivery Market in Saudi Arabia
- Drivers and Challenges in Saudi Arabia On-Demand Grocery Delivery Market
- Business Model(s) followed by On-Demand Grocery Delivery Platforms
- On-Demand Grocery Platforms Revenue Model
- Growth Journey of major on-demand grocery delivery players in Saudi Arabia
- Cross comparison of major on-demand grocery delivery players in Saudi Arabia
- Saudi Arabia On-Demand Food Delivery Market
- Ecosystem of the Food Delivery Market in Saudi Arabia
- Customer Journey of on demand food order
- Cloud Kitchen as a new emerging vertical
- Economics of Food Delivery Order
- Different types of Food Delivery Business Models
- Inventory Business Model
- Market Sizing Analysis of Saudi Arabia On-Demand Food Delivery Market
- Competition Analysis: Market Share of major On-Demand Food Delivery Players, 2021
- Growth Journey of major on-demand Food delivery players in Saudi Arabia
- Cross comparison of major on-demand Food delivery players in Saudi Arabia
- Saudi Arabia On-Demand Last Mile Logistics Market
- Ecosystem of the Last Mile Logistics Market in Saudi Arabia
- Business Cycle and Genesis of Saudi Arabia On Demand Last Mile Logistics Market
- Revenue Model of Saudi Arabia Last Mile Delivery Market
- Market Sizing Analysis of Saudi Arabia On-Demand Last Mile Logistics Market (GMV and number of orders)
- Competition Analysis: Market Share of major On-Demand Last Mile Logistics Players, 2021
- End User Analysis of Saudi Arabia Quick Commerce Market
- Consumer needs: Quick Commerce Market
- Factors affecting purchase decision of Saudi Consumers: Quick Commerce
- Industry Analysis of Saudi Arabia Quick Commerce Market
- SWOT Analysis of Saudi Arabia Quick Commerce Market
- Technological trends in Saudi Arabia Quick Commerce Market
- Key Challenges in Saudi Arabia Quick Commerce Market
- Competition Framework of Saudi Arabia Quick Commerce Market
- PEAK Matrix Assessment of Saudi Arabia Quick Commerce Market
- Market Share of Saudi Arabia Quick Commerce Market major players
- Impact of Covid-19 on Saudi Arabia Quick Commerce Market
- Future Outlook of Saudi Arabia Quick Commerce Market
- Market Opportunity
- Analyst Recommendations
For more insights on the market intelligence, refer to the link below: –
Saudi Arabia Quick Commerce Market Analysis
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