The UK quick e-commerce market involves the sale of various daily-use products such as grocery items, medicines, consumer electronics, apparels, etc. through online platforms with quick delivery options. This has enabled consumers to order products from the comfort of their homes and receive quick deliveries within the specified time slots on the same day or the next day.
The UK quick e-commerce Market is estimated to be valued at US$ 7.16 Mn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key drivers for the growth of the UK quick e-commerce market is enhanced connectivity Infrastructure. The improved broadband penetration and high-speed internet connectivity in major cities across the UK have empowered online platforms to provide quick delivery options to customers located in urban pockets. As per a report, over 95% of UK households now have access to broadband networks delivering speeds over 10Mbps. This high-speed internet access allows groceries, food, medicines and other daily essentials to be delivered within the committed time slots, fueling the demand for quick commerce models in the country.
Segment Analysis
The UK quick e-commerce market is dominated by the consumable goods segment. This segment accounts for over 60% of the total market share due to the high demand for everyday use products like groceries, home care products, beauty and personal care items through quick commerce platforms. Demand for perishable items like fruits, vegetables and dairy through apps and websites enabling delivery within 2 hours is driving the growth of the consumable goods segment.
Key Takeaways
The UK quick e-commerce Market Size is expected to witness high growth over the forecast period due to growing preference towards instant delivery of products among online shoppers. The UK quick e-commerce Market is estimated to be valued at US$ 7.16 Mn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031.
Regional analysis
The UK dominates the quick e-commerce market in Europe with over 70% share. High internet and smartphone penetration coupled with increasing awareness about quick commerce services among urban population is fueling the market growth in this region. Cities like London and Manchester are emerging as key hubs for quick delivery startups in the country.
Key players
Key players operating in the UK quick e-commerce market are Allergan (Acquired by Abbott), Apollo Endosurgery, Reshape Medical, Helioscopie Medical, Spatz FGIA, Endalis, Districlass Medical, Lexal, Medicone, Obalon Therapeutics, Silimed, Medsil, ReShape Lifesciences, EndoArt, MedSil, Silimed, Medsil, MetaCure, Semmar. These players are focusing on expanding their product portfolio and online presence to capitalize on the growth opportunities.
Get More Insights Here
https://whotimes.com/fabricating-sustainability-geotextile-weaving-a-greener-future-for-the-planet/
https://www.newsstatix.com/uk-quick-e-commerce-market-size-share-growth-outlook-2023/
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