The Latest Quick Commerce Industry Statistics Explained
The quick commerce industry in Turkey is expected to reach $4.3 billion by the end of 2021.
The statistic indicates that the quick commerce industry in Turkey is projected to grow significantly, with an expected market value of $4.3 billion by the end of 2021. This suggests a strong demand for quick delivery services and online shopping in Turkey, driving the growth of the industry. Factors such as increasing internet penetration, changing consumer preferences, and advancements in technology likely contribute to this growth. This statistic highlights the potential opportunities for businesses operating in the quick commerce sector in Turkey and underscores the importance of adapting to the evolving market trends to capitalize on this growth potential.
SoftBank invested $750 million into the quick commerce industry in 2021.
The statistic indicates that SoftBank, a large investment firm, allocated $750 million towards the quick commerce industry in 2021, demonstrating a significant financial commitment to this sector. Quick commerce refers to the speedy delivery of consumer goods, typically facilitated through technology and logistics networks. By investing in this industry, SoftBank is expressing confidence in its growth potential and seeking to capitalize on the increasing demand for quick and convenient online shopping and delivery services. This investment not only has the potential to bolster the development of quick commerce companies but also highlights SoftBank’s strategic focus on emerging trends and innovative business models within the digital economy.
30% of users in the USA use quick commerce services more than once a week.
The statistic “30% of users in the USA use quick commerce services more than once a week” indicates that 30% of individuals in the United States are frequent users of quick commerce services, making purchases or receiving deliveries more than once a week. Quick commerce services typically involve fast delivery of goods or services, often through online platforms or mobile apps, allowing for convenient and speedy transactions. This statistic highlights a significant portion of the population that takes advantage of the speed and accessibility offered by quick commerce services, emphasizing the popularity and adoption of this convenient shopping model among consumers in the USA.
In 2020, it was estimated that at least 20% of all grocery spend could eventually go through quick commerce.
The statistic “In 2020, it was estimated that at least 20% of all grocery spend could eventually go through quick commerce” suggests that by the year 2020, a significant portion (at least 20%) of all money spent on groceries could potentially be made through quick commerce channels. Quick commerce refers to the trend of consumers purchasing goods online for immediate delivery, typically within a short timeframe ranging from minutes to a few hours. This estimate indicates a growing shift towards online grocery shopping and the convenience and speed that quick commerce services offer to consumers. The statistic highlights the increasing importance of digital platforms in the grocery industry and the potential impact on traditional brick-and-mortar stores.
An average quick commerce service maintains 2,000-3,000 stock keeping units.
The statistic states that the average quick commerce service typically carries a range of 2,000 to 3,000 different stock keeping units (SKUs) in their inventory. SKUs refer to individual items or products that are distinct in some way, such as size, color, or model. Having a variety of SKUs allows quick commerce services to offer a diverse selection of products to their customers, catering to different preferences and needs. This range of 2,000 to 3,000 SKUs indicates a sizeable inventory that can meet a broad range of customer demands while also providing operational efficiency in managing and tracking inventory levels.
In 2021, it’s predicted that 18% of all food deliveries will be grocery deliveries facilitated by quick commerce.
The statistic states that in 2021, it is forecasted that grocery deliveries facilitated by quick commerce services will account for 18% of all food deliveries. This suggests that there is a growing trend towards using fast delivery services specifically for grocery items. Quick commerce platforms typically offer rapid delivery times, allowing consumers to receive their groceries quickly and conveniently. This statistic indicates a shift in consumer behavior towards online grocery shopping and the increased adoption of fast delivery services for everyday essentials. It also highlights the importance of quick commerce in the food delivery industry and its potential impact on traditional grocery shopping habits.
DPST instant delivery startup in China had 570 million visits in 2020.
The statistic “DPST instant delivery startup in China had 570 million visits in 2020” indicates the significant level of engagement and interest in the company’s services. With 570 million visits, it suggests a widespread awareness and usage of DPST’s instant delivery platform among consumers in China. This high volume of visits could be indicative of a strong market presence, effective marketing strategies, and the company’s ability to meet the needs and demands of customers looking for quick and convenient delivery services. The statistic highlights the company’s success and popularity in the competitive delivery industry in China during the year 2020.
Quick-commerce now contributes to 20% of Twiga Foods, a Kenyan B2B food distribution company’s revenue, launched in February 2021.
The statistic indicates that 20% of Twiga Foods’ total revenue is now generated through quick-commerce, a business model launched by the Kenyan B2B food distribution company in February 2021. Quick-commerce refers to the rapid delivery of goods and services through online platforms, targeting consumers looking for convenience and fast delivery. This data suggests that the quick-commerce sector has become a significant revenue driver for Twiga Foods within a relatively short period since its launch, showcasing the company’s successful adaptation to changing market trends and consumer preferences towards online shopping and fast delivery services.
Over 84% of consumers are willing to pay extra for faster delivery.
The statistic ‘Over 84% of consumers are willing to pay extra for faster delivery’ suggests that a large majority of consumers place a high value on quick delivery of goods or services and are willing to incur additional costs to receive their purchases more promptly. This indicates a strong demand for efficient and expedited shipping options among consumers. Businesses can use this information to tailor their pricing strategies and offer premium delivery services to capitalize on consumer willingness to pay extra for faster delivery, potentially increasing customer satisfaction and loyalty.
9 out of 10 consumers stated faster delivery makes them more loyal.
The statement “9 out of 10 consumers stated faster delivery makes them more loyal” indicates that a vast majority of consumers place a high value on faster delivery when making purchasing decisions. This statistic suggests that speed of delivery plays a vital role in building customer loyalty and satisfaction. Businesses that prioritize efficient and timely delivery processes may have a significant competitive edge in retaining customers and attracting new ones. As such, companies may benefit from investing in optimizing their delivery services to align with consumer preferences and enhance overall customer experience.
The Quick Commerce startup Getir has hit $7.5 million in monthly revenues in Turkey.
The statistic stating that the Quick Commerce startup Getir has reached $7.5 million in monthly revenues in Turkey indicates the significant financial success and growth of the company within the Turkish market. This figure suggests that Getir has been able to effectively attract customers, generate sales, and drive revenue within a relatively short period, reflecting strong demand for their quick commerce services. Achieving such a milestone in monthly revenues underscores Getir’s competitive positioning, efficient operational capabilities, and potentially successful business strategy in the fast-growing quick commerce sector in Turkey. This statistic demonstrates Getir’s ability to scale and capture a substantial market share, highlighting their potential for continued expansion and success in the future.
Quick Commerce startups are raising significant funds, such as Dija’s $20 million seed round in March 2021.
The statistic indicates that Quick Commerce startups, such as Dija, are successfully attracting significant investments, as demonstrated by Dija’s $20 million seed round financing in March 2021. Quick Commerce refers to a rapidly growing sector of the economy that focuses on delivering goods to customers quickly, usually within an hour of ordering. This influx of funds into Quick Commerce startups suggests a high level of interest and confidence from investors in the scalability and potential profitability of such business models. The substantial investment in Dija specifically highlights its perceived growth prospects and market opportunity within the Quick Commerce space.
DoorDash, a leading quick commerce platform in the US, has over 1 million Dashers (delivery workers) and operates in over 4000 cities.
The statistic provided indicates that DoorDash, a prominent quick commerce platform in the US, has a vast network of over 1 million Dashers who perform delivery services. This large workforce enables DoorDash to operate in a wide reach of over 4000 cities, highlighting the platform’s extensive coverage across the country. The scale of DoorDash’s operations and workforce not only showcases its significant presence in the market but also reflects the company’s capability to facilitate a high volume of deliveries in numerous locations, making it a critical player in the quick commerce industry.
Conclusion
Given the rapid growth and increasing demand for quick commerce services, it is evident that this industry is here to stay. The statistics showcase the immense potential for quick commerce businesses to thrive and revolutionize the way consumers shop and receive their goods. As more players enter the market and technology continues to advance, we can expect to see further innovation and expansion within the quick commerce industry.
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