Q-Commerce – ForeSights
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Q-commerce is on-demand delivery used ideally for small quantities of goods to customers, typically with a waiting time of under one hour and for some brands as quickly as within 10 minutes. Q-commerce brands provide a 24-hour/7 service and operate via dark stores located centrally, which are used by “riders” to collect goods to deliver via two-wheeled vehicles.
The vast competition in the on-demand delivery market has caused an increase in deal activities, allowing larger corporations to expand their market share globally. The pandemic led consumers to live a more digital lifestyle. Consumer expectations of convenience have also changed, with brands accommodating deliveries almost immediately.
What are the key factors driving q-commerce market?
The key factors driving the q-commerce market are busy lifestyles, smaller households, aging populations, urbanization, and COVID-19.
Increased competition by delivery aggregators has influenced consumer expectations of speed. As a result, standard delivery in three to five working days and even next-day delivery are being topped by companies competing to deliver goods as fast as possible. Also, speed and convenience are now more important factors than ever before. Delivery via partnerships with local businesses helps the economy and is a more sustainable method.
What is the impact of COVID-19 on q-commerce?
Consumers of all ages globally opted for a more digital lifestyle amid the pandemic. The pandemic has accelerated demands for quick commerce. Consumers have become increasingly attentive to product hygiene and the need to limit physical contact and interacting with large crowds of people, such as by avoiding grocery stores. More than half of global consumers report that they are concerned about visiting stores because of COVID-19.
Online time spent, by different generations
For more insights, download a free sample
Which are the key players involved in q-commerce?
The key players involved in q-commerce are Glovo, Delivery Hero, Uber Eats, Deliveroo, Foodpanda, and Fancy.
Glovo
Glovo is a global quick commerce on-demand courier service founded in Barcelona in 2015. The start-up operates in 22 countries by connecting with local couriers, termed “Glovers,” who purchase, pick up, and deliver products to customers who order goods via the brand’s app.
Delivery Hero
Delivery Hero explored the concept of q-commerce one year before the pandemic changed consumer behaviors in 2019.
Market report scope
Key factors | Busy Lifestyles, Smaller Households, Aging Populations, Urbanization, and COVID-19 |
Key players | Glovo, Delivery Hero, Uber Eats, Deliveroo, Foodpanda, and Fancy |
Scope
- The pandemic influenced consumer behaviors to live a more digital lifestyle. Consumer demands on expectations of convenience have also changed, with brands accommodating deliveries almost instantly.
- COVID-19 significantly boosted the Q-commerce market as brands experienced organic growth quickly due to the rising demand for doorstep deliveries amid the pandemic.
- The vast competition in the on-demand delivery market has caused an increase in deal activities, allowing larger corporations to expand their market share globally.
Reasons to Buy
- Identify future potential commercial applications for emerging concepts in fast-moving consumer goods.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development within the Q-commerce market.
- Learn about the key challenges and opportunities brands and consumers are facing in the Q-commerce market.
Delivery Hero
Uber Eats
Deliveroo
Foodpanda
Fancy
Table of Contents
Frequently asked questions
-
Which are the key factors driving q-commerce?
Busy lifestyles, smaller households, aging populations, urbanization, and COVID-19 are the key factors driving q-commerce.
-
Who are the key players involved in q-commerce?
Glovo, Delivery Hero, Uber Eats, Deliveroo, Foodpanda, and Fancy are the key players involved in q-commerce.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.