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Hyperlocal Services Market Share, Size, Trends, Industry Analysis Report, By Nature; By Type; By Region; Segment Forecast, 2022-2030

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    Report

  • 118 Pages
  • November 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5707033
The global hyperlocal services market size is expected to reach USD 5,704.7 million by 2030, according to a new study. The report “Hyperlocal Services Market Share, Size, Trends, Industry Analysis Report, By Nature (Goods Delivery, Utility Services); By Type; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Hyperlocal delivery is swiftly becoming a key distribution route across the globe. Hyperlocal delivery is the sort of distribution performed or accomplished inside a tiny topographical region or location specified by a radius limited by kilometers or even pin codes. This form of transportation is often completed by scooping up orders made digitally by consumers from nearby physical stores, depending on the vicinity of the client’s premises.

Several e-commerce goliaths are embracing and buying hyperlocal firms to reduce shipping costs and decrease delivery times, which are primary drivers fueling development in the market. Moreover, the proliferation of mobile phones and their easy web access has largely increased the demand for hyperlocal services. The development of the online food and grocery ordering sector, which in turn feeds the growth of the hyper-local market revenue, is assisted by hectic lifestyle and a rise in the number of employed women.

Hyperlocal services are progressively being embraced and bought by e-commerce and smartphone shopping networks to reduce shipping time and expenses. The development of e-business has culminated in the market for hyperlocal solutions. Likewise, hyperlocal utility solutions are predicted to acquire substantial momentum in emerging markets throughout the forecast period.

Catering to clients with the highest product quality while maintaining access to marginal revenues is a key difficulty impeding industry expansion. Increased consumer base and commercial activity may reduce product quality, resulting in a loss of consumer retention. Furthermore, the client catering potential of these hyperlocal service markets is restricted to metropolitan areas exclusively. These issues are projected to continue to provide a hindrance to the participants’ business growth.

Additionally, several leading competitors have implemented keyless courier services in response to the rise of COVID-19 instances. This is projected to increase demand for hyperlocal services. Hyperlocal services are increasingly being adopted and acquired by e-commerce platforms to cut shipping time and expenses. The expansion of the e-commerce industry produces a significant desire for hyperlocal services.

During the projected period, the high percentage of technological incompetence is likely to impede the overall development of the hyperlocal business industry. This is because technological innumeracy limits internet connectivity and inhibits cellphone sales, both of which have a detrimental effect on the expansion of the hyperlocal service industry. A fundamental restriction of the hyperlocal service sector is the lack of digital infrastructural development for internet connectivity.

Hyperlocal services Market Report Highlights

  • By nature, utility services dominated the global market in 2022 owing to an increase in the demand for household services post-pandemic such as cleaning, renovation, turf maintenance, and self-care.
  • By type, grocery ordering is the fastest-growing segment. This is because of the increasing rate of employment amounts women who couldn’t find time for household chores and hence prefer ordering online to save time and effort.
  • By region, North America is the leading region. Increased investment in new enterprises and quick adoption of technological advancements driving region’s growth.
  • Key players include Uber Technologies, Angi Inc, Urban Company, Zomato Limited, Delivery Hero, and Grofers India.

The publisher has segmented the hyperlocal services market report based on nature, type, and region:

Hyperlocal Services, Nature Outlook (Revenue - USD Million, 2018 - 2030)

  • Goods Delivery
  • Utility Services

Hyperlocal Services, Type Outlook (Revenue - USD Million, 2018 - 2030)

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

Hyperlocal Services, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Hyperlocal Services Market

What is the estimated value of the Hyperlocal Services Market?

The Hyperlocal Services Market was estimated to be valued at $2055.4 million in 2022.

What is the growth rate of the Hyperlocal Services Market?

The growth rate of the Hyperlocal Services Market is 13.6%, with an estimated value of $5704.7 million by 2030.

What is the forecasted size of the Hyperlocal Services Market?

The Hyperlocal Services Market is estimated to be worth $5704.7 million by 2030.

Who are the key companies in the Hyperlocal Services Market?

Key companies in the Hyperlocal Services Market include Uber Technologies, Angi Inc, Urban Company, Zomato Limited, Other Prominent Players, Delivery Hero Se, Grofers India Private Limited and Takeaway.Com.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Hyperlocal Services Market Insights
4.1. Hyperlocal Services Market - Industry Snapshot
4.2. Hyperlocal Services Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing proliferation of the internet and accessibility to the internet
4.2.1.2. Big Giants adopting and acquiring Hyperlocal Businesses
4.2.2. Restraints and Challenges
4.2.2.1. Issue of determining the appropriate geographical location
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Hyperlocal Services Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Hyperlocal Services Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Hyperlocal Services, by Type, 2018 - 2030 (USD Million)
5.3. Food Ordering
5.3.1. Global Hyperlocal Services Market, by Food Ordering, by Region, 2018 - 2030 (USD Million)
5.4. Grocery Ordering
5.4.1. Global Hyperlocal Services Market, by Grocery Ordering, by Region, 2018 - 2030 (USD Million)
5.5. Home Utility Service
5.5.1. Global Hyperlocal Services Market, by Home Utility Service, by Region, 2018 - 2030 (USD Million)
5.6. Logistic Service Providers
5.6.1. Global Hyperlocal Services Market, by Logistic Service Providers, by Region, 2018 - 2030 (USD Million)
5.7. Others
5.7.1. Global Hyperlocal Services Market, by Others, by Region, 2018 - 2030 (USD Million)
6. Global Hyperlocal Services Market, by Nature
6.1. Key Findings
6.2. Introduction
6.2.1. Global Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
6.3. Goods Delivery
6.3.1. Global Hyperlocal Services Market, by Goods Delivery, by Region, 2018 - 2030 (USD Million)
6.4. Utility Services
6.4.1. Global Hyperlocal Services Market, by Utility Services, by Region, 2018 - 2030 (USD Million)
7. Global Hyperlocal Services Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Hyperlocal Services Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Hyperlocal Services Market - North America
7.3.1. North America: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.3.2. North America: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.3.3. Hyperlocal Services Market - U.S.
7.3.3.1. U.S.: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.3.4. Hyperlocal Services Market - Canada
7.3.4.1. Canada: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4. Hyperlocal Services Market - Europe
7.4.1. Europe: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.2. Europe: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.3. Hyperlocal Services Market - UK
7.4.3.1. UK: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.3.2. UK: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.4. Hyperlocal Services Market - France
7.4.4.1. France: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.4.2. France: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.5. Hyperlocal Services Market - Germany
7.4.5.1. Germany: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.6. Hyperlocal Services Market - Italy
7.4.6.1. Italy: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.7. Hyperlocal Services Market - Spain
7.4.7.1. Spain: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.8. Hyperlocal Services Market - Netherlands
7.4.8.1. Netherlands: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.4.9. Hyperlocal Services Market - Russia
7.4.9.1. Russia: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5. Hyperlocal Services Market - Asia Pacific
7.5.1. Asia Pacific: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.3. Hyperlocal Services Market - China
7.5.3.1. China: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.3.2. China: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.4. Hyperlocal Services Market - India
7.5.4.1. India: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.4.2. India: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.5. Hyperlocal Services Market - Malaysia
7.5.5.1. Malaysia: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.6. Hyperlocal Services Market - Japan
7.5.6.1. Japan: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.7. Hyperlocal Services Market - Indonesia
7.5.7.1. Indonesia: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.5.8. Hyperlocal Services Market - South Korea
7.5.8.1. South Korea: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.6. Hyperlocal Services Market - Middle East & Africa
7.6.1. Middle East & Africa: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.6.3. Hyperlocal Services Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.6.4. Hyperlocal Services Market - UAE
7.6.4.1. UAE: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.6.5. Hyperlocal Services Market - Israel
7.6.5.1. Israel: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.6.6. Hyperlocal Services Market - South Africa
7.6.6.1. South Africa: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.7. Hyperlocal Services Market - Latin America
7.7.1. Latin America: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.7.2. Latin America: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.7.3. Hyperlocal Services Market - Mexico
7.7.3.1. Mexico: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.7.4. Hyperlocal Services Market - Brazil
7.7.4.1. Brazil: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
7.7.5. Hyperlocal Services Market - Argentina
7.7.5.1. Argentina: Hyperlocal Services Market, by Nature, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Hyperlocal Services Market, by Type, 2018 - 2030 (USD Million)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Just Eat
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Takeaway.Com
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Uber Technologies
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Angi Inc
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Urban Company
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Zomato Limited
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Delivery Hero
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Grofers India
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Housekeep Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Instacart
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

Companies Mentioned

  • Uber Technologies
  • Angi Inc
  • Urban Company
  • Zomato Limited
  • Other Prominent Players
  • Delivery Hero Se
  • Grofers India Private Limited
  • Just Eat
  • Takeaway.Com