The North America Hyperlocal Service Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Hyperlocal services are ones that are delivered inside a small geographic area and allow sellers to deliver a product or service in a short amount of time. Delivery of goods and services is included in hyperlocal services; for example, shipping of food, groceries, pharmaceuticals, furniture, and electronic equipment. The hyperlocal service model is distinguished by the fact that the whole supply chain is located relatively close to both the buyer and the seller.
Since its discovery, the hyperlocal marketplace model, also known as on-demand near me delivery, has generated a lot of attention. The buzz is understandable since the hyperlocal delivery model provides both the supplier and the buyer with speed and convenience at the same time. The adoption of the Hyperlocal marketplace model is growing at a rapid rate since products are delivered to consumers in a comparably shorter time period. This approach provides a wealth of possibilities for small business owners, which is why so many companies are embracing it.
Canada's food business has long been prospering. However, the pandemic's latest attack has left the industry reeling, with cafes and eateries shuttering left and right. In the midst of the turmoil, one bright spot has emerged: the food delivery industry, which has thrived despite lockdowns and limitations. According to a June 2021 poll by Media Technology Monitor, 42% of adult respondents in Canada used apps like DoorDash, Skip The Dishes, and Uber Eats to place orders.
The ability to work from home is a major factor in app adoption. It was required during the epidemic and is still required in many white-collar occupations today. Both using meal delivery apps and ordering goods online are overindexed among remote employees. Food delivery apps aren't relying solely on restaurant deliveries to generate cash. Convenience store items are already being included in apps in Canada as part of "corner store ecommerce." Another source of money is advertising, which is paid for by convenience stores including 7-Eleven and quick-service restaurants such as Subway. Due to this popularity of food deliveries, the demand for hyperlocal services would increase among companies across this region and hence, accelerate the growth of the regional market during the forecast period.
The US market dominated the North America Hyperlocal Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,017.1 Billion by 2028. The Canada market is estimated to grow at a CAGR of 14.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hyperlocal Services Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Hyperlocal Service Market, by Nature
1.4.2 North America Hyperlocal Service Market, by Type
1.4.3 North America 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. North America Hyperlocal Service Market by Nature
3.1 North America Utility Services Market by Country
3.2 North America Goods Delivery Market by Country
Chapter 4. North America Hyperlocal Service Market by Type
4.1 North America Home Utility Service Market by Country
4.2 North America Food Ordering Market by Country
4.3 North America Grocery Ordering Market by Country
4.4 North America Logistic Service Providers Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Hyperlocal Service Market by Country
5.1 US Hyperlocal Service Market
5.1.1 US Hyperlocal Service Market by Nature
5.1.2 US Hyperlocal Service Market by Type
5.2 Canada Hyperlocal Service Market
5.2.1 Canada Hyperlocal Service Market by Nature
5.2.2 Canada Hyperlocal Service Market by Type
5.3 Mexico Hyperlocal Service Market
5.3.1 Mexico Hyperlocal Service Market by Nature
5.3.2 Mexico Hyperlocal Service Market by Type
5.4 Rest of North America Hyperlocal Service Market
5.4.1 Rest of North America Hyperlocal Service Market by Nature
5.4.2 Rest of North America 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 North America Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 2 North America Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 3 North America Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 4 North America Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 5 North America Utility Services Market by Country, 2018 - 2021, USD Billion
TABLE 6 North America Utility Services Market by Country, 2022 - 2028, USD Billion
TABLE 7 North America Goods Delivery Market by Country, 2018 - 2021, USD Billion
TABLE 8 North America Goods Delivery Market by Country, 2022 - 2028, USD Billion
TABLE 9 North America Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 10 North America Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 11 North America Home Utility Service Market by Country, 2018 - 2021, USD Billion
TABLE 12 North America Home Utility Service Market by Country, 2022 - 2028, USD Billion
TABLE 13 North America Food Ordering Market by Country, 2018 - 2021, USD Billion
TABLE 14 North America Food Ordering Market by Country, 2022 - 2028, USD Billion
TABLE 15 North America Grocery Ordering Market by Country, 2018 - 2021, USD Billion
TABLE 16 North America Grocery Ordering Market by Country, 2022 - 2028, USD Billion
TABLE 17 North America Logistic Service Providers Market by Country, 2018 - 2021, USD Billion
TABLE 18 North America Logistic Service Providers Market by Country, 2022 - 2028, USD Billion
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Billion
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Billion
TABLE 21 North America Hyperlocal Service Market by Country, 2018 - 2021, USD Billion
TABLE 22 North America Hyperlocal Service Market by Country, 2022 - 2028, USD Billion
TABLE 23 US Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 24 US Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 25 US Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 26 US Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 27 US Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 28 US Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 29 Canada Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 30 Canada Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 31 Canada Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 32 Canada Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 33 Canada Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 34 Canada Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 35 Mexico Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 36 Mexico Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 37 Mexico Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 38 Mexico Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 39 Mexico Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 40 Mexico Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 41 Rest of North America Hyperlocal Service Market, 2018 - 2021, USD Billion
TABLE 42 Rest of North America Hyperlocal Service Market, 2022 - 2028, USD Billion
TABLE 43 Rest of North America Hyperlocal Service Market by Nature, 2018 - 2021, USD Billion
TABLE 44 Rest of North America Hyperlocal Service Market by Nature, 2022 - 2028, USD Billion
TABLE 45 Rest of North America Hyperlocal Service Market by Type, 2018 - 2021, USD Billion
TABLE 46 Rest of North America Hyperlocal Service Market by Type, 2022 - 2028, USD Billion
TABLE 47 key information – Delivery Hero SE
TABLE 48 Key Information – Uber Technologies, Inc. (UberEats)
TABLE 49 Key information – Zomato Media Pvt. Ltd.
TABLE 50 Key information – AskforTask, Inc.
TABLE 51 KEY INFORMATION – Instacart
TABLE 52 Key Information – Just Eat Takeaway.com
TABLE 53 key Information – Angi Inc.
TABLE 54 Key Information – UrbanClap Technologies India Pvt. Ltd.
TABLE 55 Key Information – Blinkit
TABLE 56 Key Information – Housekeep Limited
List of Figures
FIG 1 Methodology for the research