Hyperlocal Services Market
Hyperlocal Services Market Size, Share & Trends Analysis Report by Type (Grocery Ordering, Home Utility Service, and Logistic Service Providers, Pharmaceuticals, Pet Food, and Medicines, Clothing, and Accessories, and Others, and by Nature (Goods Delivery, and Utility Services) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Hyperlocal service market is anticipated to grow at a considerable CAGR of 19.6% during the forecast period (2023-2030). The growth of the market is attributed to factors such as the rapid expansion of smartphones. More and more individuals can now access hyperlocal services owing to the widespread use of smartphones, Due to their simple internet connectivity, they are in high demand. That is causing the market to grow significantly such as everyday usage of smartphones for billing, transfers of funds, online food purchasing, and online medical purchasing. For Instance, in March 2023, the Zomato-owned online grocery platform Blinkit aims to enter the hyperlocal services market in India. On its platform, the company is going to offer plumbing, AC repair, and electrician services.
Segmental Outlook
The global hyperlocal service market is segmented based on its type, nature. Based on its type, the market is segmented into grocery ordering, home utility service, and logistic service providers, pharmaceuticals, pet food, and medicines, clothing, and accessories, and others. Based on the nature, the market is segmented into goods delivery, and utility services. Among the nature, utility services segment is projected to exhibit the highest growth, owing to the growth of smartphones due to reducing the delivery cost and time arising in the hyperlocal service market.
The logistic Service Providers Segment Holds a Major Market Share in the Global hyperlocal service Market
Among the type segment, the logistic service providers sub-segment is anticipated to register significant growth for the forecast period. The growth of the logistic service providers sub-segment is expected to experience significant growth globally, owing to the demand for e-commerce. The transportation and logistics industry is currently undergoing immense change. With the increasing rate of e-commerce industry, this market is growing significantly. For Instance, in June 2022, AAGYO is a hyperlocal delivery company that offers e-commerce, grocery, and transport services. It has concentrated on Bharat and currently operates across three small towns in Uttarakhand hyperlocal delivery is one of the latest developments in the logistics market. The techniques of delivering goods and services to the customer's location in a short duration of time, usually within hour, this has been referred to as a hyperlocal service. The utilization of a network of adjoining couriers, that will deliever the element fast and that will deliver the items fast and proficiently, allows this probability. The demand for hyperlocal service rises, it is modifying the logistics industry. The logistics industry has been transformed in three different ways by hyperlocal delivery: It offers a changing the way organizations operate their operations, and It also changes the way individuals buying perception.
Regional Outlooks
The global hyperlocal service market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Europe region is anticipated to grow at a significant rate. The growth is attributed owing to the European Union (EU) Information and Communication Technology (ICT) sector has driven the growth of the Europe Hyperlocal Services market. Owing to the highest internet usage rates and a rise in the popularity of smartphones in Europe, organizations are being urged to make use of hyperlocal services in addition to providing better services.
Global Hyperlocal Services Market Growth, by Region 2023-2030
The Asia-Pacific Region to Dominate the Hyperlocal Services Market
The Asia-Pacific region is expected to dominates the hyperlocal services market due to the high adoption rate of on-demand services. Consumers in Asia have grown accustomed to their neighborhood stores, sometimes referred to as mom-and-pop stores. For instance, 96% of business in India still takes place there, primarily because of problems with trust. several small and big tech companies have made significant investments in hyperlocal commerce, a form of e-commerce that combines offline and online activities and enable deliveries to be performed instantly instead of over a period of several days. The combined use of physical and digital experiences has become increasingly common, especially in major countries like China and India. Phygital, a term that refers to the mixing of physical and digital places in marketing ecosystems, is also increasing in popularity. It redefines the connection between the consumer and the brand.
Market Players Outlook
The major companies serving the global hyperlocal service market include Airtasker Pty. Ltd, Angi Inc, Askfortask Inc, Blink Commerce Pvt, Doordash Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For Instance, in April 2023, Platform for delivering food online For its quick commerce grocery service, Swiggy partnered with professional networking and jobs company apna to create 10,000 hyperlocal opportunities.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hyperlocal service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Uber Technologies Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Just Eat Takeaway.Com N.V.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Zomato Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Delivery Hero SE
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Hyperlocal Service Market by Type
4.1.1. Food Ordering
4.1.2. Grocery Ordering
4.1.3. Home Utility Service
4.1.4. Logistic Service Provider
4.1.5. Pharmaceuticals
4.1.6. Pet Food and Medicines
4.1.7. Clothing and Accessories
4.1.8. Others (Plumbing, Home Cleaning, Lawn Care, Electrical, and Drainage.)
4.2. Global Hyperlocal Service Market by Nature
4.2.1. Goods Delivery
4.2.2. Utility Services
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Airtasker Pty. Ltd.
6.2. Angie's List, Inc
6.3. Askfortask Inc.
6.4. Blink Commerce Pvt Ltd
6.5. Doordash, Inc.
6.6. Dunzo Digital Pvt
6.7. Gobrands, Inc
6.8. Grab Holdings Ltd
6.9. Grofers India Private Ltd
6.10. Hello Fresh SE
6.11. Housekeep Ltd
6.12. Maplebear Inc
6.13. Pt Gojek
6.14. Rocket Internet Se
6.15. Shadowfax Technologies Pvt Ltd
6.16. Swiggy
6.17. Taskbob Pvt. Ltd
6.18. Urban Co.
6.19. Wolt shipping services Pvt
1. GLOBAL HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
2. GLOBAL FOOD HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
3. GLOBAL GROCERY HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
4. GLOBAL HOME UTILITY HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
5. GLOBAL LOGISTIC HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
6. GLOBAL PHARMACEUTICALS SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
7. GLOBAL PET FOOD AND MEDICINES SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
8. GLOBAL CLOTHING AND ACCESSORIES SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
9. GLOBAL OTHERS SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
10. GLOBAL HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY NATURE, 2023-2030 ($ MILLION)
11. GLOBAL DELIVERY GOODS IN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
12. GLOBAL UTILITY SERVICES IN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
13. GLOBAL HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2030 ($ MILLION)
14. NORTH AMERICAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
15. NORTH AMERICAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
16. NORTH AMERICAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY NATURE, 2023-2030 ($ MILLION)
17. NORTH AMERICAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
18. EUROPEAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
19. EUROPEAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
20. EUROPEAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY NATURE, 2023-2030 ($ MILLION)
21. EUROPEAN HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
22. ASIA-PACIFIC HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
23. ASIA-PACIFIC HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
24. ASIA-PACIFIC HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY NATURE, 2023-2030 ($ MILLION)
25. ASIA-PACIFIC HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
26. REST OF THE WORLD HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2030 ($ MILLION)
27. REST OF THE WORLD HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2030 ($ MILLION)
28. REST OF THE WORLD HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY NATURE< 2023-2030 ($ MILLION)
29. REST OF THE WORLD HYPERLOCAL SERVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2030 ($ MILLION)
1. GLOBAL HYPERLOCAL SERVICE MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL FOOD HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL GROCERY HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL HOME UTILITY HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL LOGISTIC HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL PHARMACEUTICALS SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL PET FOOD AND MEDICINES SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL CLOTHING AND ACCESSORIES SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL OTHERS SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL HYPERLOCAL SERVICE MARKET SHARE BY NATURE, 2022 VS 2030 (%)
11. GLOBAL GOODS DELIVERY HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL HYPERLOCAL SERVICE FOR OTHER MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL HYPERLOCAL SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. US HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
15. CANADA HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
16. UK HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
17. FRANCE HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
18. GERMANY HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
19. ITALY HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
20. SPAIN HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
21. REST OF EUROPE HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
22. INDIA HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
23. CHINA HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
24. JAPAN HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
25. SOUTH KOREA HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
27. REST OF THE WORLD HYPERLOCAL SERVICE MARKET SIZE, 2023-2030 ($ MILLION)
