India q-commerce market size is projected to exhibit a growth rate (CAGR) of 4.80% during 2024-2032. The inflating need among consumers for safe and contactless shopping options and continuous investments in logistics infrastructures are primarily driving the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023 |
Forecast Years
|
2024-2032 |
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) | 4.80% |
Q-commerce is an emerging phenomenon in the retail and delivery sector, denoting the swift delivery of consumer goods and groceries, often accomplished within minutes via online platforms or mobile applications. This inventive strategy leverages nearby micro-fulfillment centers and a team of couriers to guarantee swift order processing. The transformation brought about by quick commerce is redefining the conventional retail scene, providing unprecedented convenience to consumers desiring instant availability of everyday necessities. The surge of q- commerce is propelled by changing consumer inclinations favoring on-demand shopping, marking it a pivotal advancement in the realms of e-commerce and last-mile delivery services.
The India q-commerce market is currently undergoing a transformative phase, driven by several key drivers and trends that are reshaping the landscape of retail and delivery services. Firstly, the rapid digitalization and increasing smartphone penetration in India have played a crucial role. As more consumers embrace online platforms and mobile apps for their shopping needs, the demand for quick commerce solutions has surged, leading to an evolution in how goods are delivered with unprecedented speed. Additionally, the rise of hyperlocal micro-fulfillment centers has become a pivotal driver in the q-commerce ecosystem. These localized fulfillment hubs strategically placed in urban areas enable faster order processing and delivery within minutes. This localization trend is instrumental in meeting the growing consumer expectations for swift and on-demand access to a wide range of products. Furthermore, changing consumer lifestyles and preferences are contributing to the momentum of q-commerce in India. Apart from this, the integration of advanced technologies, such as artificial intelligence and data analytics, is also shaping the q-commerce landscape. These technologies enhance operational efficiency, optimize route planning for deliveries, and provide a personalized shopping experience for consumers. Moreover, changing consumer lifestyles and technological advancements are making it a dynamic and rapidly evolving sector within the broader e-commerce industry, which is anticipated to fuel the market growth over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type and platform.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes grocery, pharmacy, and others.
Platform Insights:
A detailed breakup and analysis of the market based on the platform have also been provided in the report. This includes app based and web based.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Product Types Covered | Grocery, Pharmacy, Others |
Platforms Covered | App Based, Web Based |
Regions Covered | North India, West and Central India, South India, East and Northeast India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |