The US quick e-commerce, also known as quick commerce (Q-commerce) market, refers to online platforms that deliver groceries and everyday essential items to customers within an hour. Q-commerce platforms partner with local stores and third-party logistics providers to source products and deliver them quickly to customers. Products ordered through Q-commerce may include fresh produce, frozen foods, snack items, beverages, cleaning supplies, over-the-counter medications, and personal care items. Quick delivery allows customers to order last-minute items and emergency supplies without having to leave their homes.

The Us Quick Commerce Market Size Is Estimated To Be Valued At US$ 7.5 Bn In 2024 And Is Expected To Exhibit A CAGR Of 8.0% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the US quick e-commerce market are Gopuff, Doordash, Uber, Instacart, Postmates, Fridge No More, Buyk, Gorillas, Jokr, And Getir Among Others. These companies have expanded their operations to over 200 cities across the US and partnered with local stores and restaurants to offer thousands of stock-keeping units for delivery within 15-30 minutes. The growing demand for quick, on-demand deliveries among consumers amid busy lifestyles has boosted the Q-commerce industry. Moreover, younger demographic cohorts have shown high acceptance of Q-commerce platforms due to their preference for on-demand services. Major players are raising funds to strengthen their logistics capabilities and supply chains to capture more market share globally.

Rising demand for fast delivery of essential items has propelled the growth of the US quick e-commerce market. Customers prefer Q-commerce platforms for last-minute shopping as well as emergencies. Moreover, the pandemic has accelerated the adoption of contactless delivery models among customers who wish to avoid crowds and potential virus exposure. Health and safety concerns will continue boosting the popularity of quick delivery even in the post-pandemic period.

Market Drivers

Convenience remains the major driver for the quick commerce market in the US. Customers can get their daily supplies delivered in under an hour without having to spend more than a few minutes browsing an app. Busy lifestyles have increased demand for instant gratification and convenience, without compromising on quality or choices. Q-commerce platforms have benefited tremendously from this preference among consumers.

Impact Of Geopolitical Situation On US Quick E-Commerce (Quick Commerce) Market Growth

The ongoing geopolitical conflicts and economic uncertainties across several regions are posing significant challenges for the growth of the US quick e-commerce market. The rising tensions between major powers like the US, China and Russia have increased economic risks globally. The conflict in Ukraine and sanctions on Russia have further disrupted global supply chains and inflated input costs. This has negatively impacted consumer spending power and demand for quick delivery services in the US. Moreover, the market is also facing short-term uncertainty due to changing Covid-19 situation and social restrictions in different states.

To sustain long-term growth, market players need to focus on supply chain resilience and localization. Diversifying sourcing options and building regional fulfillment centres can help insulate the business from geopolitical risks and reduce dependencies on global trade. Companies also need to invest in innovative delivery models like drones and autonomous vehicles to reduce costs. Partnerships with local stores can enhance inventory availability. A flexible value proposition catering to changing consumer priorities like value-for-money or sustainability can boost demand. Data analytics and user profiling will be crucial to identify emerging trends. Pursuing an international expansion strategy cautiously by assessing regional dynamics can open new opportunities.

Geographical Regions With Highest Value Concentration In US Quick E-Commerce Market

The US quick e-commerce market in terms of value is highly concentrated in densely populated metropolitan areas like New York, Los Angeles, Chicago, Dallas-Fort Worth, Houston, Washington D.C., Miami, Atlanta, Boston and San Francisco. These top 10 cities account for over 45% of the total market value due to their large, affluent customer base and higher online ordering tendencies. New York, with an advanced on-demand delivery infrastructure in dense boroughs like Manhattan and Brooklyn, captures the highest share. The availability of stores, restaurants and fulfilment centres within short distances enables swift, low-cost deliveries at large scale. Other major coastal cities also have strong existing e-commerce and m-commerce penetration to support quicker services.

Fastest Growing Region in The US Quick E-Commerce Market

The Southern region of the United States, comprising states like Florida, Texas, North Carolina and Georgia, is emerging as the fastest growing market for quick commerce. Cities in this region have witnessed considerable population growth and urbanization in recent years. A young, technology-savvy demographic inclined towards online convenience is driving the adoption of instant delivery services. The warm climate also favors ordering prepared meals and groceries. Rising investments from players in setting up hyperlocal hubs and expanding service areas are making the segment more accessible. Favorable state policies to promote gig economy are further propelling sectoral expansion. The Southern US quick commerce market is projected to witness over 15% Y-o-Y growth during the forecast period.

What are the key data covered in this US Quick E-Commerce Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the US Quick E-Commerce Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the US Quick E-Commerce  Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- US Quick E-Commerce  Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of US Quick E-Commerce  Market vendors

FAQ’s

Q.1 What are the main factors influencing the US Quick E-Commerce market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top US Quick E-Commerce Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the US Quick E-Commerce market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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