Global Errand Service
Market Report
2024
According to Cognitive Market Research, the Global Errand Service market was USD 17.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Errand Service market was USD 17.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Errand Service Market Sales Revenue 2022 | $ 17.5 Billion |
Global Errand Service Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
Market Split by Type |
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Market Split by Application |
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Market Split by Booking Medium |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Errand Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An errand service is designed to assist individuals and businesses that are unable to carry out their usual tasks. These tasks are divided into corporate, employee, and executive errands, encompassing services like transportation, grocery shopping, pet care, vehicle maintenance, emergency healthcare, and more. Providers of errand services hire individuals from the local area and office settings to fulfill these tasks effectively. The errand service market is expanding due to changing lifestyles and busy schedules. Individuals and businesses seek convenience in outsourcing tasks like grocery shopping, package delivery, and administrative chores. Demands for time-saving solutions, especially in urban areas, drive the market's growth. The rise of online platforms has further facilitated easy access to these services, contributing to their increasing popularity. s, including AI-driven translation tools, increase productivity and widen the market. These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Errand service industry.
Grab Holdings, the largest ride-hailing and food delivery company in Southeast Asia, has disclosed a merger with Altimeter Growth Corp, a deal valued at USD 40 billion.
The demand for Employment Services is propelling the growth of the Errand Service Market due to changing work dynamics. Remote work and flexible schedules have led to a need for assistance with tasks that individuals might find challenging to manage alongside their jobs.
Uber Technologies Inc. has successfully acquired Drizly. The collaboration between these entities will involve integrating their respective delivery applications and services. The acquisition was around USD 1.1 billion, comprising about 18.7 million newly issued shares of Uber common stock, along with a cash component.
Errand services offer a solution by helping employees complete essential tasks, such as grocery shopping, cleaning, and package deliveries. As the line between work and personal life blurs, the convenience and time-saving aspects of errand services become crucial, thus driving their increasing popularity.
Emerging promotional activities catalyze the Errand Service Market's growth by raising awareness and enticing new users. Creative marketing campaigns, social media presence, and business partnerships increased visibility. Special offers, loyalty programs, and referral rewards encourage customer engagement.
Eat Takeaway.com, Europe's biggest online food ordering and delivery service, has collaborated with McDonald's to enhance their delivery services.
(Source:www.reuters.com/business/just-eat-takeawaycom-agrees-delivery-partnership-with-mcdonalds-2022-03-22/)
As competition intensifies, companies use promotions to differentiate and attract clients. These efforts tap into the desire for convenience and time-saving solutions, amplifying demand for errand services. As these promotional strategies evolve, they drive the market's expansion and sustain customer interest.
High costs pose a significant challenge to the Errand Service Market. Providing efficient, reliable services requires adequate compensation for errand runners. Ensuring fair wages while keeping services affordable for users can be a delicate balance. Operational expenses, insurance, and administrative overhead also contribute to cost constraints. Striking the right pricing model is essential to attract customers and maintain profitability. Overcoming these financial hurdles while delivering value-driven services is crucial for companies' sustained growth and competitiveness within the errand service industry.
COVID-19 presented significant challenges to the Errand Service market. Lockdowns and social distancing measures limited people's mobility and willingness to outsource tasks. Errand runners faced health risks, impacting service availability. Changing consumer priorities and economic uncertainties led to reduced demand. However, the pandemic also highlighted the importance of contactless services, encouraging innovation and adaptation. The Errand Service market had to navigate these complexities to sustain and evolve during the crisis.
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The market for errand service has a very active and diverse competitive environment. It comprises various language service providers, from significant multinational corporations to smaller specialized organizations. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions and errand service services.
July 2021: Errand360, an innovative logistics startup, has introduced a bicycle-powered delivery service in Nigeria. This platform focuses on catering to users who require swift and brief errand services within their localities and on-demand delivery solutions. The range of services it offers is diverse, and it is currently being initially launched in Lagos during its first phase. Users can conveniently access its services through a mobile app.
November 2019: Almost Anything Inc. has revealed the launch of its application, which aims to offer prompt, thorough on-demand delivery and errand services. The app is accessible for free download on the Apple App Store and Google Play Store. This introduction is strategically timed, coinciding with the upcoming bustling holiday period.
(Source:www.prnewswire.com/news-releases/almost-anything-inc-launches-new-errand-app-300961650.html)
Top Companies Market Share in Errand Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The North American region commands the largest share of the Errand Service Market due to its developed economies, urbanization, and tech-savvy population. Busy lifestyles, longer working hours, and the desire for convenience drive the demand for errand services. High internet penetration and smartphone usage facilitate easy access to such services. Moreover, the region's well-established gig economy and the presence of major players contribute to its dominance. These factors collectively position North America as a key market for errand services.
Due to several factors, the United States has captured the largest market share in the Errand Service Market during the forecast period. The country's significant population, widespread urbanization, and busy lifestyles create a demand for time-saving solutions like errand services. High disposable income levels and the adoption of digital platforms contribute to the popularity of such services. The presence of established companies, along with innovative startups, further drives market growth. These factors combined make the United States a dominant global errand service market player.
The Asia Pacific region is poised for rapid growth in the Errand Service market due to changing lifestyles, urbanization, and increased technology adoption. As cities expand and commute times rise, the demand for convenient solutions like errand services escalates. Growing disposable income and a digitally engaged population further fuel adoption of errand service market in this region. Additionally, the region's diverse economies and varying levels of access to traditional services present a ripe opportunity for innovative solutions, contributing to the projected rapid growth.
The current report Scope analyzes Errand Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Errand Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Errand Service Industry growth. Errand Service market has been segmented with the help of its Type, Application Booking Medium, and others. Errand Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The pickup type has secured the largest market share in the Errand Service Market due to its versatility and convenience. Users appreciate the ability to have items collected from various locations, including groceries, packages, and prescriptions. This model aligns with the growing preference for contactless and on-demand services, especially during the COVID-19 pandemic. The pickup type allows users to delegate tasks efficiently, making it the preferred choice for various errands and contributing to its dominant market share.
"Deliver Goods" is experiencing the highest Compound Annual Growth Rate (CAGR) in the Errand Service Market's forecast period due to changing consumer behavior and the rise of e-commerce. The increasing demand for timely and efficient delivery of groceries, parcels, and products has amplified the need for such services. The convenience of having goods delivered directly to doorsteps aligns with the evolving preference for contactless transactions. As online shopping and delivery culture continue to surge, "Deliver Goods" is forecasted for rapid expansion.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Errand Service Industry. Request a Free Sample PDF!
Due to its localized approach, the "Town Application" prevails in the Errand Service Market. It caters to the needs of residents within a specific geographic area, offering hyper-localized services like grocery pickup, prescription delivery, and household chores. This targeted focus enhances efficiency and reduces travel times, appealing to users seeking quick and convenient solutions. The "Town Application" model captures a significant market share as people increasingly prioritize localized services for everyday tasks.
Due to its untapped potential, the rural application is projected to experience the highest Compound Annual Growth Rate (CAGR) in the Errand Service Market forecast period. Rural areas often have limited access to convenient services, making errand services a valuable solution for residents. As digital platforms extend their reach to these areas and awareness grows, the demand for tasks like grocery delivery, pharmacy runs, and other essentials become increasingly pronounced, driving the rapid growth of the rural application segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Errand Service Market is witnessing significant growth in the near future.
In 2023, the Pickup segment accounted for noticeable share of global Errand Service Market and is projected to experience significant growth in the near future.
The Town segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies TaskRabbit , Best Friend Errand and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Errand service providers recruit locally established and office-based errands for completing their work. It is utilized by individuals and business professionals for running errands like grocery shopping, pet sitting, etc. Errand services offer a versatile solution to individuals overwhelmed by their day-to-day responsibilities or facing mobility challenges.
Disclaimer:
Type | Pickup, Appointment, Deliver Goods, Others |
Application | Town, Rural |
Booking Medium | App, Web-based, Telephonic |
List of Competitors | TaskRabbit, Caring Senior Service, Best Friend Errand, Errand Plus, Run Around Errand Service, Allow Me Errand Service, DaDa, Ipaotui, SF-Cityrush, Harmony Caregiving, Almost Anything Inc., Errand360, DoorDash Inc., Oak Business Consultant LLC, Uber Technologies Inc, NaborForce, Postmates, Instacart, Roadie |
This chapter will help you gain GLOBAL Market Analysis of Errand Service. Further deep in this chapter, you will be able to review Global Errand Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Booking Medium Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Errand Service market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pickup have a significant impact on Errand Service market? |
What are the key factors affecting the Pickup and Appointment of Errand Service Market? |
What is the CAGR/Growth Rate of Town during the forecast period? |
By type, which segment accounted for largest share of the global Errand Service Market? |
Which region is expected to dominate the global Errand Service Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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