Quick commerce refers to delivery of products within a few hours of ordering. It allows consumers to order products online and receive quick delivery.

BURLINGAME, CA 94010, UNITED STATES, January 23, 2024 /EINPresswire.com/ -- A fresh study conducted by CoherentMI, titled "US Quick E-Commerce (Quick Commerce) Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2030," presents an exhaustive analysis of the industry. This analysis encompasses detailed insights into the market dynamics for US Quick E-Commerce (Quick Commerce). Additionally, the report encompasses assessments of regional markets and key players, coupled with the latest developments in the industry.

The aim of conducting this market research study is to comprehensively explore the industry, facilitating a deep understanding of its dynamics and economic opportunities. This endeavor seeks to equip the client with a comprehensive insight into the market and business landscape, spanning historical, current, and future perspectives. Consequently, the client will possess a well-rounded understanding, empowering informed decision-making in resource allocation and strategic financial investments.

The US Quick E-Commerce (Quick Commerce) Market size is expected to reach US$ 12.7 Billion by 2030, from US$ 7.5 Billion in 2023, at a CAGR of 8% during the forecast period.

The US quick commerce market is witnessing high growth owing to increasing consumer adoption of quick delivery services. Consumers prefer quick commerce solutions for last-minute shopping and urgent product requirements. Additionally, growing urbanization and busy lifestyles have increased the demand for the timely delivery of products. Furthermore, investments by major retailers and venture capital firms in quick-delivery startups is also fueling market growth. For instance, Gopuff, a Philadelphia-based quick commerce company raised over $1 billion in funding in 2021 to expand services across multiple cities in the US. Investments in expanding fulfillment centers and partnering with local retailers to offer varied product assortments are some other key strategies followed by players.

Market Drivers:

Convenience is key - Customers demand quick delivery of products

The US quick e-commerce market is majorly driven by customers seeking convenience. Customers today want products delivered at their doorstep within hours of ordering instead of waiting for days. As work and personal lives get busy, people find it difficult to make dedicated trips to physical stores. Quick commerce fulfills this need by promising delivery of groceries, food, medicines and other daily essential products within 1-2 hours. Customers can order on their mobile apps anytime and get items delivered speedily so they don't have to waste time shopping. This enormous demand for instant gratification and lack of time is a big factor powering growth in quick commerce.

Growth of mobile and internet penetration

Widespread availability of smartphones and high-speed internet has enabled quick commerce to blossom. People in the US heavily rely on their phones for shopping, entertainment and other tasks. Having internet in their palms makes it extremely easy for them to browse product catalogs and place orders online within minutes. Digital commerce becomes more accessible when strong mobile and web infrastructure is present. Growing smartphone and internet subscriptions in the country present a massive potential customer base that quick commerce companies can tap into. This connectivity wave acts as a catalyst in propelling the quick e-commerce industry ahead.

Market Trends:

Adoption of drones and autonomous vehicles

As the quick commerce industry matures, advanced technologies will play a bigger role in optimizing operations. Drone deliveries can take off in the coming years as regulations relax to allow commercial usage. Drones have the potential to reduce delivery times from warehouses to 15-30 minutes for short-range orders. Autonomous vehicles represent another trend, with companies testing self-driving cars and bots to transport packages within communities. Robotic process automation can also help automate aspects like order sorting. While technologies need to evolve further, their integration promises new efficiencies that cement quick commerce's value proposition against traditional models.

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Major market players included in this report are:

➞ GoPuff
➞ DoorDash
➞ Uber
➞ Instacart
➞ Postmates

US Quick E-Commerce (Quick Commerce) Market Segmentation:

By Product Type:
▪️ Clothing
▪️ Stationary

By Delivery Mode:
▪️ Online
▪️ Cash on Delivery

Objectives of the Report:

➞ Investigate and forecast the value and volume of the US Quick E-Commerce (Quick Commerce) market.
➞ Estimate market shares for major US Quick E-Commerce (Quick Commerce) segments.
➞ To demonstrate how the market for US Quick E-Commerce (Quick Commerce) is evolving in various parts of the world.
➞ Research and analyze micro markets in terms of their contributions to the US Quick E-Commerce (Quick Commerce) market, as well as their prospects and individual growth patterns.
➞ To provide precise and useful information on the factors influencing the rise of US Quick E-Commerce (Quick Commerce) in the brain.
➞ To provide an in-depth analysis of key business strategies used by major companies in the US Quick E-Commerce (Quick Commerce) market, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

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Top Questions Answered in this Report:

1. What factors are impeding the growth of the US Quick E-Commerce (Quick Commerce) Market?
2. What are the primary drivers fueling the growth of the US Quick E-Commerce (Quick Commerce) Market?
3. Which segment dominates as the leading component in the US Quick E-Commerce (Quick Commerce) Market?
4. Who are the key players actively participating in the US Quick E-Commerce (Quick Commerce) Market?
5. Which region is expected to take the lead in the US Quick E-Commerce (Quick Commerce) Market?
6. What is the projected CAGR of the US Quick E-Commerce (Quick Commerce) Market?

Don't miss this chance to equip yourself with the knowledge you need to drive growth and stay ahead in the market. Act now and unlock the power of data-driven decision-making with our premium Global US Quick E-Commerce (Quick Commerce) Market research report.

About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today's rapidly changing business landscape.

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CoherentMI
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