The UK quick e-commerce market involves companies that provide fast delivery of merchandise ordered online, often within the same day or a few hours. E-commerce companies in this market offer on-demand delivery of grocery and household essential items, as well as electronics, apparel, and other goods. They provide seamless mobile applications or websites for consumers to browse products and complete purchases. Orders are then picked, packed, and delivered quickly by the company’s own fleet of couriers. Some UK quick e-commerce players also allow orders through instant messaging platforms.
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 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growth of the UK quick e-commerce market is expected to be driven by increasing adoption of mobile commerce. Mobile apps and responsive websites have made online shopping easier for UK consumers on-the-go. Quick commerce companies are leveraging this shift towards mobile purchasing by focusing on seamless mobile experiences. Their apps allow convenient browsing of products along with quick checkouts and order tracking directly on mobile devices. This is boosting the adoption of on-demand delivery models for daily and regular shopping needs. Additionally, growth of the UK quick e-commerce market will also be supported by rising demand for convenience among consumers. Customers increasingly want merchandise delivered at their doorsteps within hours of ordering, especially for last-minute or time-sensitive needs. Quick e-commerce fulfills this demand by providing superfast delivery. These companies hold localized inventory in micro-warehouses close to customers to enable delivery in under two hours. Their business model is tailored for delivering convenience to the new generation of UK shoppers.
Segment Analysis
The UK quick e-commerce market is dominated by the grocery segment which accounts for over 35% of the total market share. With the hectic lifestyle and busy schedules, consumers prefer quick online delivery of daily essential items like groceries and household products within a few hours. This has boosted the growth of the grocery segment in the UK quick e-commerce industry.
PEST Analysis
Political: The UK government has introduced favourable policies and regulations to promote digital commerce and support startups in the e-commerce sector. This has encouraged investments and expansion of quick commerce players.
Economic: Rising disposable incomes and growing acceptance of digital payments in UK have increased online spending. High mobile and internet penetration has also aided the growth of quick e-commerce market.
Social: Changing customer preferences towards convenience and ability to order products instantly via smartphones is a major social driver. Younger demographic is increasingly adopting mobile commerce.
Technological: Advancements in delivery technologies like drones and autonomous vehicles are allowing companies to provide delivery within minutes. Use of AI and automation helps in streamlining operations and fulfilling orders quickly.
Key Takeaways
The UK quick e-commerce Market Size is expected to witness high growth. 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 2024-2031.
Regional analysis related content comprises Regional analysis related content. The London region currently dominates the UK quick e-commerce industry accounting for over 30% share due to high population density and technological adoption.
Key players related content comprises Key players related content. 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. Their focus on expanding service areas, improving delivery times and introducing new product categories is expected to intensify competition in the market.
