Hyperlocal Services Market By Nature (Goods Delivery, Utility Services), By Type (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Hyperlocal service companies provide delivery of a goods and utility services to consumers, goods delivery including groceries, food, medicines, personal items and others, and utility services includes plumbing, home cleaning, lawn care, electrical and drainage. All these goods and services are provided through network of boys from business or individuals in local areas.
Hyperlocal service platforms help restaurants, hotel, fast food outlets, fruit or vegetable, seafood, meat and other retailers to effectively engage & manage their business without worrying about delivery. Easy accessibility to the internet, smartphones proliferation has been primarily boosting the demand for hyperlocal service. Growing working population and rising income levels are propelling the online food and grocery delivery market. Furthermore, owing to increase in cases of COVID-19, some of the leading players such as McDonald's Corporation, Domino’s Pizza Inc. and Zomato, have introduced contactless delivery service. This is expected to boost the demand for the hyperlocal service market. E-commerce and M-commerce platforms are increasing adopting and acquiring the hyperlocal service in order to reduce delivery cost and time. Growth in e-commerce business creates extensive demand for the hyperlocal service. For instance, according to India Brand Equity Foundation, The Indian e-commerce market is expected to grow to $200 billion by 2026 from $38.5 billion as of 2017. Hyperlocal utility service are expected to gain major traction in developing countries during the forecast period; this is majorly attributed to growing disposable income, high working age population, and high inclination to have comfort providing services which creates demand for the various utility services including home services, logistic, and personal tuitions services.
High digital illiteracy rate is expected to hamper the growth of the hyperlocal service market during the forecast period. This is attributed to the fact that digital illiteracy limits the internet usage and hampers the sale of smartphones, which negatively impacts the growth of the hyperlocal service market. Limited digital infrastructure facilities to access to the internet further acts as a key restraint of the hyperlocal service market. As hyperlocal service are majorly availed through internet enabled smartphone applications. Moreover, limited access to internet and computers, especially in school and colleges leads to rise in digital illiteracy, which, in turn, hampers the growth of the market. For instance, according to Annual Status of Education Report (ASER) 2018, in around 596 government schools of 619 districts, merely 21.3% of the students have access to computers. Thus, all these factors collectively have a negative impact on the overall hyperlocal service market growth during the forecast period.
Home utility services include home cleaning, home remolding, roofing, lawn care, personal care, electrical, and appliance repair. These home utility services are in huge demand in developed countries owing to lack of time and domestic help but in developing countries its demand is significantly growing during the forecast period. The report segments the hyperlocal service market on the basis of type, nature and region On the basis of type, the market is segmented into food ordering, grocery ordering, home utility service, logistic service providers and others.
On the basis of nature, it is segmented into goods delivery, and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The major players operating in the market are Delivery Hero, Just-Eat, Takeaway.com, GrubHub, Grofers, Instacart, Housekeep, Uber Technologies Inc., Handy, and AskForTask.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hyperlocal service market analysis from 2020 to 2030 to identify the prevailing Hyperlocal Service Market Opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hyperlocal service market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global Hyperlocal Service Market Trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Nature
Goods Delivery
Utility Services
By Type
Food Ordering
Grocery Ordering
Home Utility Service
Logistic Service Providers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Russia
Rest of Europe
France
Germany
Italy
Spain
U.K.
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ASKFORTASK INC.
DELIVERY HERO SE
GROFERS INDIA PRIVATE LIMITED
HOUSEKEEP LIMITED
INSTACART
JUST EAT TAKEAWAY.COM N.V.
UBER TECHNOLOGIES
ANGI INC
Urban Company
ZOMATO LIMITED
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