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Hyperlocal Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700936
Description Jump to:
The global hyperlocal services market size reached US$ 2.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.3% during 2023-2028.

Hyperlocal services refer to facilities that are provided within a limited geographical area. It involves the operation of a courier agent picking up products from a seller and then delivering them directly to the customer's address. It is widely used for delivering food and beverages, drugs, personal items, and electronic gadgets, and home utility services, including plumbing, electrical repair, carpentry, laundry, and personal tutors. Hyperlocal services assist retailers, restaurants, and hotels in engaging and managing their businesses effectively. It also helps increase operational transparency and provide efficient and effortless deliveries in minimum time.

Hyperlocal Services Market Trends:

The rapid proliferation of smartphones, coupled with significant growth in the e-commerce industry, is one of the key factors driving the market growth. Hyperlocal services are widely accessed through e-commerce platforms or businesses for the fast delivery of goods and services. In addition, the increasing investment in e-commerce businesses is boosting the adoption of hyperlocal services, which, in turn, is acting as another growth-inducing factor. Furthermore, the widespread adoption of hyperlocal services due to hectic schedules and work-from-home (WFH) culture, changing consumer lifestyles, and rapid urbanization are favoring the market growth. Additionally, recent technological advancements in the logistics and automotive sectors through the adoption of automation, augmented reality (AR), artificial intelligence (AI), data collection, and visibility to reduce costs and provide a faster and seamless delivery experience are creating a positive outlook for the market. Moreover, the rapidly changing consumer preference towards online platforms that enhance the convenience and offer doorstep delivery, discounts, and combo deals is providing an impetus to market the growth. Other factors, including increasing investments in start-up businesses, rising adoption of farm-to-home concept for acquiring fresh produce, and standardization of animal by-products (ABPs), are anticipated to drive the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global hyperlocal services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, type and application.

Breakup by Nature:

  • Goods Delivery
  • Utility Services

Breakup by Type:

  • Food Ordering
  • Grocery Ordering
  • Home Utility Service
  • Logistic Service Providers
  • Others

Breakup by Application:

  • Individual Users
  • Commercial Users

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airtasker Pty. Ltd, Blink Commerce Private Limited, Delivery Hero SE, HelloFresh SE, Instacart, Just Eat Takeaway.com N.V., Olo Inc., Swiggy, Uber Technologies Inc., UrbanClap Technologies India Pvt. Ltd. and Zomato Limited.

Key Questions Answered in This Report:

  • How has the global hyperlocal services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hyperlocal services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the nature?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hyperlocal services market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hyperlocal Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Nature
6.1 Goods Delivery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Utility Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Food Ordering
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Grocery Ordering
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Home Utility Service
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Logistic Service Providers
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Individual Users
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Users
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Airtasker Pty. Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Blink Commerce Private Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Delivery Hero SE
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 HelloFresh SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Instacart
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Just Eat Takeaway.com N.V.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Olo Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Swiggy
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Uber Technologies Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 UrbanClap Technologies India Pvt. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Zomato Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
List of Figures
Figure 1: Global: Hyperlocal Services Market: Major Drivers and Challenges
Figure 2: Global: Hyperlocal Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Hyperlocal Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Hyperlocal Services Market: Breakup by Nature (in %), 2022
Figure 5: Global: Hyperlocal Services Market: Breakup by Type (in %), 2022
Figure 6: Global: Hyperlocal Services Market: Breakup by Application (in %), 2022
Figure 7: Global: Hyperlocal Services Market: Breakup by Region (in %), 2022
Figure 8: Global: Hyperlocal Services (Goods Delivery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Hyperlocal Services (Goods Delivery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Hyperlocal Services (Utility Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Hyperlocal Services (Utility Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Hyperlocal Services (Food Ordering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Hyperlocal Services (Food Ordering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Hyperlocal Services (Grocery Ordering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Hyperlocal Services (Grocery Ordering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Hyperlocal Services (Home Utility Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Hyperlocal Services (Home Utility Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Hyperlocal Services (Logistic Service Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Hyperlocal Services (Logistic Service Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Hyperlocal Services (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Hyperlocal Services (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Hyperlocal Services (Individual Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Hyperlocal Services (Individual Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Hyperlocal Services (Commercial Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Hyperlocal Services (Commercial Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Hyperlocal Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Hyperlocal Services Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Hyperlocal Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Hyperlocal Services Industry: SWOT Analysis
Figure 76: Global: Hyperlocal Services Industry: Value Chain Analysis
Figure 77: Global: Hyperlocal Services Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Hyperlocal Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hyperlocal Services Market Forecast: Breakup by Nature (in Million US$), 2023-2028
Table 3: Global: Hyperlocal Services Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Hyperlocal Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Hyperlocal Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Hyperlocal Services Market: Competitive Structure
Table 7: Global: Hyperlocal Services Market: Key Players

Companies Mentioned

  • Airtasker Pty. Ltd
  • Blink Commerce Private Limited
  • Delivery Hero SE
  • HelloFresh SE
  • Instacart
  • Just Eat Takeaway.com N.V.
  • Olo Inc.
  • Swiggy
  • Uber Technologies Inc.
  • UrbanClap Technologies India Pvt. Ltd.
  • Zomato Limited.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 2.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 5.6 Billion
Compound Annual Growth Rate16.0%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Hyperlocal Content Market

The Hyperlocal Content market is a subset of the Internet and E-Commerce industry that focuses on providing localized content to users. This content can include news, events, and other information that is relevant to a specific geographic area. Hyperlocal Content is typically delivered through websites, mobile applications, and other digital platforms. It is often tailored to the interests of the local community, and can be used to promote local businesses, services, and activities. Hyperlocal Content is becoming increasingly popular as it allows users to access information that is relevant to their immediate surroundings. This can be especially beneficial for those who are new to an area, as it can help them to quickly become familiar with their surroundings. Some companies in the Hyperlocal Content market include Yelp, Foursquare, and Nextdoor. These companies provide users with access to local businesses, events, and other information that is relevant to their area. Additionally, many local newspapers and media outlets are now offering Hyperlocal Content to their readers. Show Less Read more

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