About Online Hyperlocal Services
Online hyperlocal services, an online business models that service to customer in specifically defined geographic locations that are under the reach of their regional service providers presence. These business models portfolio includes restaurant food deliveries, superstores & hyperstores grocery deliveries, logistics servicea. It also serves various home utility services such as plumbing, laundry, carpentry, electrical repairing and personal tutors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.4% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Online Hyperlocal Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Delivery Hero (Germany), Handy (United States), Instacart (United States), Uber Technologies (United States), Airtasker (Australia), ANI Technologies (Ola Cabs) (India), AskForTask (Canada), CLEANLY (United States), Groupon, Inc. (United States), Alfred Club (United States), Ibibogroup (India), Laurel & Wolf (United States) and TaskEasy (united States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are MAKEMYTRIP (India), MyClean (United States), Nextag (United States), SERVIZ (United States) and Swiggy (India).
Segmentation Overview
AMA Research has segmented the market of Global Online Hyperlocal Services market by , Application (Individual Users and Commercial Users) and Region.
On the basis of geography, the market of Online Hyperlocal Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Type, the sub-segment i.e. Online Logistics Services will boost the Online Hyperlocal Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expansion of E Commerce Worldwide and Affordable Cost and Efficient Delivery Services
Market Growth Drivers:
Increasing Adoption of Smartphones Across the Developing Economies and Surging Logistic Demand, and Interest of Investors in the Hyperlocal E-Commerce Sector
Challenges:
Lack of Internet Connectivity in Underdeveloped Nations
Restraints:
Highly Unorganized with Various Small Localized Players in Developing Countries
Opportunities:
Surging Consumer Inclination Towards Premium Services and Brands Across the World and High Penetration Rate of the Hyperlocal Services Even in Remote Areas
Market Leaders and their expansionary development strategies
In February 2023 Flipkart, a leading player in the Indian e-c acquisition of Dunzo, a hyperlocal delivery startup backed by Reliance Retail, according to three source.
In October 2023,ZomatoReuters Gurugram-based food tech company Zomato has launched Xtreme, a hyperlocal delivery service that will leverage its two-wheeler fleet of over 3 lakh executives. According to sources, the service has been rolled out in almost all of the nearly 750-800 cities where Zomato offers food delivery, and is
Key Target Audience
Online Hyperlocal Services Providers, Technology Providers, System Integrator, Third Party Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.