The latest report by IMARC Group, titled, “GCC Quick Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the GCC quick commerce market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the GCC quick commerce market?
The GCC quick commerce market is projected to exhibit a growth rate (CAGR) of 35% during 2023-2028.
What is GCC quick commerce?
Quick Commerce, also known as Q-Commerce, is a burgeoning concept in the world of retail and e-commerce that has gained significant traction in recent years. This innovative approach represents a paradigm shift in how consumers access goods and services. In essence, Quick Commerce centers around the lightning-fast delivery of a wide range of products, typically within an hour of ordering. It leverages cutting-edge technology and logistics solutions to provide customers with unparalleled convenience, making it an attractive option for those seeking immediate gratification.
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What are the growth prospects and trends in the GCC quick commerce industry?
The GCC region is witnessing substantial urbanization, with a growing percentage of the population residing in densely populated urban centers. This demographic shift has increased the demand for on-demand and quick delivery services, as urban dwellers seek convenience in their daily lives. Additionally, the GCC countries boast a tech-savvy population with high smartphone penetration. This has made it easier for Quick Commerce platforms to reach a large customer base and offer seamless ordering and delivery experiences through mobile apps. Other than this, the GCC nations have a relatively high per capita income, leading to a consumer base that is willing to pay for premium services, including rapid delivery. Quick Commerce caters to this demand for convenience and time-saving. Besides this, the scorching heat during a significant part of the year in the GCC countries makes it less appealing for consumers to venture out for shopping. Quick Commerce addresses this issue by delivering products to their doorstep promptly.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Breakup by Platform:
- App Based
- Web Based
Breakup by Country:
- Saudi Arabia
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
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