Hyperlocal Services Market size is estimated to be USD 150 Billion in 2024 and is expected to reach USD 300 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The global hyperlocal services market was valued at approximately USD 160 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 25.5% from 2023 to 2030. The increasing demand for on-demand services, including food delivery, grocery delivery, and home services, is a key driver of this growth. The market is experiencing robust expansion, especially in urban areas where consumers seek quick, efficient solutions for daily needs. Additionally, the rise of mobile applications and the expansion of internet connectivity across the globe contribute to the rapid adoption of hyperlocal services in various regions. The market size in North America is expected to reach USD 72 billion by 2025, with a CAGR of 28.4%, while Europe is anticipated to grow at a CAGR of 24.7% due to increasing smartphone penetration and changing consumer behavior.
Regionally, Asia-Pacific is projected to dominate the hyperlocal services market, with an estimated market size of USD 80 billion by 2025. The rise in smartphone usage, along with the expanding middle class in countries like India and China, is expected to accelerate market growth. The region is expected to grow at the highest CAGR of 26.2%, driven by the increasing adoption of mobile platforms for local services and the demand for delivery solutions. Additionally, the Middle East and Africa are anticipated to show steady growth due to urbanization and improvements in internet infrastructure. Opportunities in emerging markets highlight the growing importance of hyperlocal services in meeting the convenience-driven needs of consumers in these regions.
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Delivery Hero
Just-Eat.
GrubHub
Grofers (Locodel Solutions Pvt. Ltd)
Instacart
Handy
Uber Technologies
Foodpanda Group
Airtasker
Swiggy (Bundl Technologies Pvt. Ltd)
TinyOwl (TinyOwl Technology Pvt. Ltd)
Takeaway.com
ANI Technologies
AskForTask
Groupon
Delivery Club
Yemeksepeti / Foodonclick.
Alfred Club
Ibibogroup
Laurel & Wolf
Meituan
Alibaba Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hyperlocal Services Market
Cleaning Services
Plumbing Services
Electrical Services
Appliance Repair Services
Pest Control Services
Doctor Consultations
Health Monitoring Services
Personalized Wellness Plans
Emergency Medical Services
Home Healthcare Services
Online Tutoring
Test Preparation Services
Skill Development Classes
Language Learning Services
Extracurricular Activity Coaching
Haircut and Styling
Skin Care and Beauty Treatments
Makeup and Grooming
Massage and Relaxation
Personalized Skincare Consultations
Parcel Delivery Services
Food Delivery
Grocery Delivery
Errand Running Services
Package Pickup and Drop-off Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hyperlocal Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hyperlocal Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hyperlocal Services Market, By Type
6. Global Hyperlocal Services Market, By Application
7. Global Hyperlocal Services Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hyperlocal Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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