Key Factors Driving the Growth of the India Quick Commerce Market forecast 2028

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The India Quick Commerce Market is projected to grow at a CAGR of around 67% during the forecast period, i.e., 2023-28. In India, the Quick Commerce market has shown significant growth, as it provides a faster shopping experience than any other e-commerce platform. The factors contributing

MarkNtel Advisors presents a comprehensive research report on the India Quick Commerce Market Size, Share, Analysis, Future expected to reach CAGR of 67% by 2028. delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.

Unlocking Market Insights: Exploring Key Aspects in the India Quick Commerce Market Report (2023-2028)

  • It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
  • The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
  • Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
  • To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
  • The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.

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Market Dynamic

Key Driver: Growing Need for Instant Delivery to Drive the Market

Quick commerce is emerging as one of the fastest-growing e-commerce platforms serving the need for convenience speedy delivery among customers. The instant delivery service, i.e., 10-30 minutes for unplanned orders, is attracting mid to high-level income customers to replace their conventional way of purchasing groceries with an instant delivery platform.

Moreover, the pandemic led consumers to change their purchasing behavior increased the inclination of the population toward the online platform, giving more importance to speed comfort. Therefore, all these factors are driving the growth of quick commerce to expand among different segments cities of India.

Possible Restraint: Lack of Real-time Visibility on Retailer's In-store Inventory to Hinder the Market Growth

As the quick commerce retail space is booming drastically, it also found a gap between third-party retailers vertically integrated instant-need companies. These instant delivery companies do not have accurate real-time visibility into their retailer's in-store inventory. Consequently, the customers witnessed out-of-stock problems on most of the food other grocery items at the time of purchase on the delivery application, hence acts as a challenge for the growth of quick commerce in the Indian market..  

The competitive landscape of the India Quick Commerce Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.

-Swiggy Instamart

-Zepto

-Blinkit

-Dunzo Daily

-Ola Dash

-BB Now

-Flipkart Quick

-Amazon Fresh Store

-JioMart Express

-ZopNow

-Others

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Segmentation Unveiled: Analyzing India Quick Commerce Market's Expansion and Mapping Demand, and Distribution across Geographies

By Product Type

-Grocery

-Snacks Beverages

-Bath Beauty

-Baby Essentials

-Home Care

-Others (Pets, Office Supplies, Healthcare, Alcohol, etc.)

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On the geographical front, the India Quick Commerce Market expands across:

By Regions

-North

-East

-West

-South

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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