From dresses to food, people tend to order online to get delivered to their doorsteps. On-demand Delivery Business will witness a huge surge in 2024 after expanding to different industries.
With the help of mobile applications and high-speed internet, delivery services are made easy. The opportunity to start an online on-demand delivery business is a good idea to choose from in 2024.
This article reveals the market trends and scope of the on-demand delivery market. We cover different services and how to benefit from this business.
Scope of On-demand Delivery Business Market
What is On-demand Delivery?
On-demand delivery is an online service that helps customers demand through mobile apps and get products or services delivered to their doorsteps. For example, ordering online food from restaurants from mobile applications and getting delivery at home.
Scope of On-demand Delivery
With 6.9 billion smartphone users across the globe, the number of online mobile app users is increasing every passing day. To make life easier companies create innovative ideas to simplify day-to-day life.
On-demand services are rapidly growing in every industry. From e-commerce to taxi booking service, mobile apps are available to order services to get it delivered at home.
During the 2020 Covid-19 pandemic, the on-demand delivery business witnessed a huge surge. According to the reports by RisingMax, around $57 billion is spent on on-demand delivery services globally. The insights also mentioned the average age group of app users between 18 to 34.
Countries like the US, India, Europe, and South Asia are some of the fastest-growing economies for on-demand delivery services. Reports suggest the market value will increase up to $335 billion by 2025.
In the current date, there are more than 100s unicorn companies that provide on-demand services. Some of the popular on-demand delivery businesses across the globe include,
- Doordash
- Uber
- Zomato
- Grubhub
- Deliveroo
Related: How to Start an Online Food Business From Home: A Complete Guide
Type of On-demand Delivery Services
The sector is fastly growing across all businesses and there are various types of on-demand services which is currently available in the market. The following are some of the prominent services in the market.
Food Delivery – The online food delivery app market is massively huge generating revenue of US$1.22tn in 2024. The on-demand services leverage users to order food from nearby restaurants and get delivered in quick time at door steps.
Grocery Delivery – The sector is prominently known for buying daily groceries online using mobile applications. The demand for grocery apps is estimated to be US$786.80bn by the year 2024.
Taxi Booking Service – In case of traveling to different places, users can book cabs using the mobile app. The on-demand taxi service helps to connect taxi drivers and users to make travel easier.
Medicine Delivery – Similar to grocery and food, Medicine delivery is made easy with a mobile app. The online on-demand medicine service works with the help of Android and iOS apps.
Courier Delivery – Courier and parcel delivery is made easy with on-demand service. Customers can able to place orders from their homes by mentioning pickup and delivery addresses. The delivery executive will collect the parcel and make it delivery to the destination.
Handyman Home Services – One of the fastest growing on-demand home services also known as Handyman service is fastly growing in many countries. This microservice helps to connect nearby gigs through a mobile app to fulfill customer demand.
Related: 5 Reasons to Launch Your Own Mobile App for Grocery Store
Why you should start an On-demand Delivery App
If you’re someone looking to start a business online, then you should consider launching an on-demand delivery business. Some of the prominent sectors like food, grocery, home service, and taxis are highly in demand.
Instead of targeting a larger audience, consider reaching out Hyperlocal audience. This will help you learn more about the market and make to understand the process easier.
Are you looking to create a mobile app for your on-demand business? Smarther is the leading app developer from India. With 12+ years of experience, we have delivered more than 300+ on-demand applications to different businesses. Get a free consultation from our experts for your app idea today.
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