The Rise of Quick Commerce Applications

A few years ago we were treating E-commerce as the next big wave of the Internet, changing the way we purchase goods, now a new method and Q-commerce is rocking the market. Shrinking the delivery period from days to minutes.?

Quick Commerce, also popularly known as Q-commerce, is the modern evolution of e-commerce that focuses on delivering goods to consumers in an exceptionally short period of time, often within less than an hour. This model caters to the growing demand of consumer demand for speed and convenience in shopping.

The Quick Commerce market in the United States is expected to reach revenue of $56.26 Billion with the expected annual growth rate of 7.70% CAGR projected to cross the volume of $81.91 Billion by 2029. Close to 72 Million users will be relying on Quick Commerce by that time. With average revenue per user forecasted to reach $1000.

The Key Features of Q-commerce Apps

Speed of Delivery

Q-commerce aims to deliver products within minutes compared to traditional e-commerce which may take several days. Small micro dark stores placed carefully within each area of the city allows for Quick Commerce riders to pick up the goods and deliver fast.

Product Range

Traditional E-commerce websites offer a wide range of products and options, while Q-commerce generally offer limited options and focuses on small ticket size and transactions. This often includes more perishable day-to-day use products.

Operational Model

Q-commerce companies use advanced logistics and technology for AI to enable inventory and optimization. Many of these companies rely on gig workers to deliver the goods and earn commissions for each delivery. On the contrary e-commerce companies tie-up with delivery companies for the delivery of their orders.

24/7 Availability

The availability of Q-commerce at any hour increases fuels their growth. Many consumers avoid getting out to purchase items at late night, in these conditions, getting it delivered within minutes works as a suitable option.

Companies such as Instacart, GoPuff, and Postmates have exemplified the quick commerce model in the U.S., providing consumers convenience and access to everyday items. This continuous landscape continues to evolve as these new players are adapting to changes and consumer demand is changing.