The global hyperlocal services market size reached US$ 1.94 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.02 Billion by 2027, exhibiting a growth rate (CAGR) of 15.60% during 2022-2027.

Hyperlocal Services Market Overview

Hyperlocal services are offered only to customers within a limited geographical area. It involves a courier agent picking up goods from a seller and delivering them to the customer's address. It is commonly used to deliver products, including foods, beverages, medications, personal items, and electronic devices, and home utility services, such as plumbing, electrical repair, carpentry, laundry, and private tutors. It provides quick, easy, and efficient deliveries and helps in increasing operational transparency.  As a result, hyperlocal services are gaining immense traction among retailers, restaurants, and hotels across the globe for engaging and managing their businesses effectively.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the Hyperlocal Services Market ?

The global hyperlocal services market is primarily driven by the rising proliferation of smartphones and rapid growth in the e-commerce industry. Moreover, the surging adoption of hyperlocal services due to busy schedules, changing consumer lifestyles, the emerging culture of work-from-home (WFH), and rapid urbanization are positively influencing the market growth.  Additionally, e-commerce platforms or businesses are offering hyperlocal services for the quick delivery of goods and services. In line with this, the rising investment in e-commerce businesses has accelerated product adoption rates.

Besides this, the shifting consumer preferences toward online platforms that provide enhanced convenience, doorstep delivery, discounts, and exclusive deals have catalyzed market growth. Furthermore, numerous technological advancements in the logistics and automotive industries through the adoption of automation, data collection, augmented reality (AR), artificial intelligence (AI), and visibility to reduce costs and offer a quicker, more seamless delivery experience are contributing to the market growth. Other factors, including the rising adoption of the farm-to-home concept for acquiring fresh produce, standardization of animal by-products (ABPs), and heavy investments in start-up businesses, are also anticipated to drive the market further.

For the competitor segment, the report includes global key players of the Hyperlocal Services Market.

  • Airtasker Pty Ltd
  • Blink Commerce Private Limited
  • Delivery Hero SE
  • HelloFresh SE, Instacart
  • Just Eat N.V.
  • Olo Inc.
  • Swiggy
  • Uber Technologies Inc.
  • UrbanClap Technologies India Pvt. Ltd.
  • and Zomato Limited.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Nature:

  • Goods Delivery
  • Utility Services

Breakup by Type:

  • Food Ordering
  • Grocery Ordering
  • Home Utility Service
  • Logistic Service Providers
  • Others

Breakup by Application:

  • Individual Users
  • Commercial Users

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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