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The Malaysia Quick Commerce Market is expected to deliver ~1.3 Mn orders within 30 mins by 2027F, driven by investment in last mile delivery solutions and B2C platforms expanding beyond concentration: Ken Research
Intelligence Transport Solutions: In-vehicle telematics can collect data on movements and idle time to maximize fleet and asset utilization as well as dynamic route planning and optimization. IOT can be used to reduce vehicle downtime via prediction of asset failure and automated maintenance scheduling. Tagging of individual items, pallets and operational equipment can transmit information about their current condition and position.
Willingness to pay for premium products, growing market for easy-to-cook products at-home delivery, demand for healthy and nutritional products, rising consumption of newer products through global experiences. Shift in consumer behavior from value-seeking to convenience-seeking, resulting in weekly, small-sized purchases rather than larger, monthly purchases driving the demand for on-demand logistics market.
Analysts at Ken Research in their latest publication by Ken Research observed that Malaysia Quick Commerce Market is in the growing phase. The Adoption of New Technologies, emerging new players, high internet penetration, balancing lifestyle, Government Initiatives and with the convenience of last mile delivery, are some of the factors that will contributed to the Malaysia Quick Commerce market growth over the period of 2022P-2027F with a growth rate of CAGR 6.0%.
Quick Commerce provides the convenience of fastest possible doorstep delivery of groceries and other consumables. There has been observed a significant increase in the Top-up and Unplanned purchases, particularly in Metro and Tier I cities which is facilitating the growth of the quick commerce industry in India . The Quick Commerce Industry is currently positioned in the Early Growing Stage and is anticipated to showcase a CAGR close to 27% between FY'22 and FY'27F. Increasing Willingness of the consumers to pay premium for quick deliveries, changing shopping habits towards more frequent unplanned & top-up purchases has led to the growth of the quick commerce market in India .
With the rise of urbanization, the number of small or single-person households is rapidly growing, leading to a rising demand for delivery of products in small quantities rather than purchasing in large quantities at a cheaper price. The Quick Commerce Market in Brazil expanded at a CAGR of ~32% in between 2019 and 2022P, on the basis of gross merchandise value. The push in online shopping came from the change in consumer behavior after covid 19 pandemic, increase in internet usage and smartphone owners.
The Saudi Arabia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR in double digits between 2021 and 2026F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last minute ordering and busy lifestyle.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249
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