The Europe Hyperlocal Service Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Nowadays, there are markets that enable goods delivery within 24 hours, which is commendable, but a hyperlocal marketplace may do the same thing in less than an hour (s). The buyer is attracted not only by the timeliness, but also by the fact that the products are delivered from their trusted and well-known stores.
Retailers benefit from hyperlocal delivery methods because they create a win-win situation. They can register their company on the appropriate platforms and have access to new opportunities. They don't have to spend money on developing and maintaining a separate app. The delivery will also be handled by the aggregators' delivery partners. As a result, it is simpler for offline retailers to expand their business with less effort. Customers are, without a doubt, the biggest winners in this strategy. They can weigh the pros and cons of several solutions and make an informed conclusion. A reliable distribution system is also required by the system. When someone can run all of these errands on their smartphone, life gets a lot easier.
The European Union (EU) Information and Communication Technology (ICT) sector contributed significantly to the Europe Hyperlocal Services market, which has been steadily growing. Within the European Union, major changes in production processes and employment patterns have occurred in the field of ICTs (EU). In addition, Europe has the greatest internet usage rates along with a rise in the number of smartphones, which is motivating companies for adopting hyperlocal services for providing better services.
Furthermore, over a significant Europe's population is covered by a 3G or higher network. In Europe, the average international bandwidth available per internet user was 211 kilobit per second, the highest bandwidth utilization of the year. In Europe, the proportion of people with fixed telephone subscriptions is high. Along with that, there are many companies operating in the regional hyperlocal services market, which are investing a significant amount in improving customers services with the reduction in delivery time. Owing to these factors, the regional hyperlocal services market would record a surge in the coming years.
The Germany market dominated the Europe Hyperlocal Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $240 Billion by 2028. The UK market is experiencing a CAGR of 10.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 12.7% during (2022 - 2028).
Based on Nature, the market is segmented into Utility Services and Goods Delivery. Based on Type, the market is segmented into Home Utility Service, Food Ordering, Grocery Ordering, Logistic Service Providers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hyperlocal Services Market will Hit $3730 Billion by 2028, at a CAGR of 12.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Delivery Hero SE, Uber Technologies, Inc., Zomato Media Pvt. Ltd., AskforTask, Inc., Instacart, Just Eat Takeaway.com, Angi Inc., UrbanClap Technologies India Pvt. Ltd., Blinkit (Grofers International Pte Ltd.), and Housekeep Limited
Scope of the Study
Market Segments Covered in the Report:
By Nature
- Utility Services
- Goods Delivery
By Type
- Home Utility Service
- Food Ordering
- Grocery Ordering
- Logistic Service Providers
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Delivery Hero SE
- Uber Technologies, Inc.
- Zomato Media Pvt. Ltd.
- AskforTask, Inc.
- Instacart
- Just Eat Takeaway.com
- Angi Inc.
- UrbanClap Technologies India Pvt. Ltd.
- Blinkit (Grofers International Pte Ltd.)
- Housekeep Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Hyperlocal Service Market, by Nature
1.4.2 Europe Hyperlocal Service Market, by Type
1.4.3 Europe Hyperlocal Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Hyperlocal Service Market by Nature
3.1 Europe Utility Services Market by Country
3.2 Europe Goods Delivery Market by Country
Chapter 4. Europe Hyperlocal Service Market by Type
4.1 Europe Home Utility Service Market by Country
4.2 Europe Food Ordering Market by Country
4.3 Europe Grocery Ordering Market by Country
4.4 Europe Logistic Service Providers Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Hyperlocal Service Market by Country
5.1 Germany Hyperlocal Service Market
5.1.1 Germany Hyperlocal Service Market by Nature
5.1.2 Germany Hyperlocal Service Market by Type
5.2 UK Hyperlocal Service Market
5.2.1 UK Hyperlocal Service Market by Nature
5.2.2 UK Hyperlocal Service Market by Type
5.3 France Hyperlocal Service Market
5.3.1 France Hyperlocal Service Market by Nature
5.3.2 France Hyperlocal Service Market by Type
5.4 Russia Hyperlocal Service Market
5.4.1 Russia Hyperlocal Service Market by Nature
5.4.2 Russia Hyperlocal Service Market by Type
5.5 Spain Hyperlocal Service Market
5.5.1 Spain Hyperlocal Service Market by Nature
5.5.2 Spain Hyperlocal Service Market by Type
5.6 Italy Hyperlocal Service Market
5.6.1 Italy Hyperlocal Service Market by Nature
5.6.2 Italy Hyperlocal Service Market by Type
5.7 Rest of Europe Hyperlocal Service Market
5.7.1 Rest of Europe Hyperlocal Service Market by Nature
5.7.2 Rest of Europe Hyperlocal Service Market by Type
Chapter 6. Company Profiles
6.1 Delivery Hero SE
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent Strategies and Developments
6.1.4.1 Acquisitions and Mergers:
6.2 Uber Technologies, Inc. (UberEats)
6.2.1 Company Overview
6.2.2 Recent Strategies and Developments
6.2.2.1 Partnerships, Collaborations and Agreements:
6.3 Zomato Media Pvt. Ltd.
6.3.1 Company Overview
6.4 AskforTask, Inc.
6.4.1 Company Overview
6.5 Instacart
6.5.1 Company Overview
6.6 Just Eat Takeaway.com
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.7 Angi Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.8 UrbanClap Technologies India Pvt. Ltd.
6.8.1 Company Overview
6.9 Blinkit (Grofers International Pte Ltd.)
6.9.1 Company Overview
6.10. Housekeep Limited
6.10.1 Company Overview
TABLE 1 Europe Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 2 Europe Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 3 Europe Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 4 Europe Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 5 Europe Utility Services Market by Country, 2018 - 2021, USD Billion
TABLE 6 Europe Utility Services Market by Country, 2022 - 2028, USD Billion
TABLE 7 Europe Goods Delivery Market by Country, 2018 - 2021, USD Billion
TABLE 8 Europe Goods Delivery Market by Country, 2022 - 2028, USD Billion
TABLE 9 Europe Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 10 Europe Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 11 Europe Home Utility Service Market by Country, 2018 - 2021, USD Billion
TABLE 12 Europe Home Utility Service Market by Country, 2022 - 2028, USD Billion
TABLE 13 Europe Food Ordering Market by Country, 2018 - 2021, USD Billion
TABLE 14 Europe Food Ordering Market by Country, 2022 - 2028, USD Billion
TABLE 15 Europe Grocery Ordering Market by Country, 2018 - 2021, USD Billion
TABLE 16 Europe Grocery Ordering Market by Country, 2022 - 2028, USD Billion
TABLE 17 Europe Logistic Service Providers Market by Country, 2018 - 2021, USD Billion
TABLE 18 Europe Logistic Service Providers Market by Country, 2022 - 2028, USD Billion
TABLE 19 Europe Others Market by Country, 2018 - 2021, USD Billion
TABLE 20 Europe Others Market by Country, 2022 - 2028, USD Billion
TABLE 21 Europe Hyperlocal Service Market by Country, 2018 - 2021, USD Billion
TABLE 22 Europe Hyperlocal Service Market by Country, 2022 - 2028, USD Billion
TABLE 23 Germany Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 24 Germany Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 25 Germany Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 26 Germany Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 27 Germany Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 28 Germany Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 29 UK Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 30 UK Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 31 UK Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 32 UK Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 33 UK Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 34 UK Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 35 France Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 36 France Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 37 France Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 38 France Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 39 France Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 40 France Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 41 Russia Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 42 Russia Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 43 Russia Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 44 Russia Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 45 Russia Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 46 Russia Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 47 Spain Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 48 Spain Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 49 Spain Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 50 Spain Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 51 Spain Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 52 Spain Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 53 Italy Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 54 Italy Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 55 Italy Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 56 Italy Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 57 Italy Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 58 Italy Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 59 Rest of Europe Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 60 Rest of Europe Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 61 Rest of Europe Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 62 Rest of Europe Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 63 Rest of Europe Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 64 Rest of Europe Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 65 key information – Delivery Hero SE
TABLE 66 Key Information – Uber Technologies, Inc. (UberEats)
TABLE 67 Key information – Zomato Media Pvt. Ltd.
TABLE 68 Key information – AskforTask, Inc.
TABLE 69 KEY INFORMATION – Instacart
TABLE 70 Key Information – Just Eat Takeaway.com
TABLE 71 key Information – Angi Inc.
TABLE 72 Key Information – UrbanClap Technologies India Pvt. Ltd.
TABLE 73 Key Information – Blinkit
TABLE 74 Key Information – Housekeep Limited
List of Figures
FIG 1 Methodology for the research