Published: November 2021 | Report Code: AT11855 | Available Format: PDF | Pages: 245
The global two-wheeler logistics market generated $57,260.0 million revenue in 2020, and it is expected to grow at a CAGR of 20.0% during 2020–2030. The key factors responsible for the growth of the market include the convenience and cost-effectiveness of these services, booming e-commerce industry, and integration of the real-time tracking technology.
The COVID-19 crisis accelerated the expansion of e-commerce, online food delivery, and grocery delivery companies to new customers and types of products. E-commerce has provided customers with access to a significant variety of products and enabled firms to continue operations in spite of the contact restrictions and other confinement measures. During the lockdown, people chose to order essential products, such as groceries, ready-to-eat food, and pharmaceuticals, through online portals and expected them to be delivered the same or next day, which resulted in positive growth of the market.
The scooter category held the largest share in the market in 2020, based on vehicle type. This was primarily because of the growing adoption of scooters due to their ease of mobility, rapid acceleration, and light build. Moreover, the structure, machinery, and gears of scooters, which are changed by rotating the handlebar, are best suited for traveling shorter distances, which makes the vehicles ideal for transporting goods and services within cities.
The e-commerce delivery category held the largest share in the market in 2020, based on service. The category's supremacy can be ascribed to the growing base of customers, who, additionally, expect rapid and free shipping, as well as competitive pricing. Traditional logistics systems are being challenged by this rigorous delivery schedule; therefore, enterprises are now concentrating on adjusting their strategies to address this.
The electric category is expected to witness the faster growth in the market during the forecast period (2021–2030), based on propulsion type. This will be because electric vehicles (EVs) have proven to be an eco-friendly, efficient, and affordable means of transport for delivery service providers. For instance, in 2018, a study by the University of Michigan's Transportation Research Institute found that EVs cost less than half as much to operate as fuel-based vehicles.
The B2C category is expected to be the faster-growing category in the market during the forecast period, based on end use. The growth of the category is fueled by the changes in the customer purchasing behavior, apparent in the increasing preference for organized and omnichannel shopping, primarily driven by the increasing technical understanding of smartphone apps and internet platforms.
Geographically, the APAC region dominated the market in 2020, and will lead the global market for two-wheeler logistics throughout the forecast period. Developing countries, such as India and China, will drive the market in the region with their large populations and rising disposable income, coupled with the rapid urbanization and strong transportation and logistics industries with numerous large shipping and delivery companies.
Funding in logistics startups is one of the major trends in the global two-wheeler logistics market. Within the initial few years, this market has witnessed a rapid increase in the number of startups, which are receiving funding from several venture capitalists. For instance, in 2021, Bringg Delivery Technologies Ltd. announced that it has received $100.0 million in its Series E investment round led by Insight Partners, with participation from seven existing investors: Cambridge Capital LLC, GLP, Shmuel Harlap, Next 47 GmbH, Pereg Ventures LLC, Salesforce.com Inc., and Viola Growth.
Moreover, in 2021, Spanish delivery platform Glovoapp23 SL raised $527.9 million in its latest funding round led by New-York-based investors Lugard Road Capital and Luxor Capital Group. Similarly, in 2020, Bringg Delivery Technologies Ltd. announced that it has raised $30.0 million in its Series D funding round led by Viola Growth.
The e-commerce industry is growing at a tremendous rate across the globe, which, in turn, is bolstering the market. In 2020, e-commerce accounted for around 16% of all retail sales globally, an increase of nearly 19% in value from 2019. Furthermore, e-commerce sales are estimated to reach around 18% of the retail sales worldwide by 2021. The industry is largely driven by price and convenience, since customers look for a suitable deal on products, which, additionally, can be delivered quickly. For instance, the U.S. Department of Commerce estimates that customers spent around $514 billion on online shopping in 2018, an increase of 14.2% from 2017.
Moreover, the transportation and logistics industries are undergoing significant changes, including the integration of the real-time tracking technology. The internet of things (IoT) is becoming prevalent within several industries, with transportation and logistics being considered major sectors in this regard. In order to help, companies maintain the growing demands, technology is transforming logistics by providing real-time tracking solutions during the delivery process. Real-time visibility enables companies to identify potential problems and resolve them before escalation.
|Base Year (2020) Market Size||$57,260.0 Million|
|Market Size Forecast in 2030||$355,631.2 Million|
|Forecast Period CAGR||20.0%|
|Report Coverage||Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Country Breakdown; Impact of COVID-19; Companies’ Strategic Developments; Company Profiling|
|Market Size by Segments||By Vehicle Type; By Service; By Propulsion Type; By End Use; By Region|
|Market Size of Geographies||U.S; Canada; U.K., Germany; France; Spain.; Italy; Netherlands; China; Taiwan; India; South Korea; Japan; Singapore; Thailand; Philippines; Brazil; Argentina; Mexico; South Africa; U.A.E.|
The global two-wheeler logistics industry is fragmented in nature with the presence of several key players. In recent years, many of them have been involved in partnerships and collaborations in order to attain a significant position. For instance:
The two-wheeler logistics market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Vehicle Type
Based on Service
Based on Propulsion Type
Based on End Use
The 2030 value of the market for two-wheeler logistics services will be $355,631.2 million.
Most companies in the two-wheeler logistics industry prefer scooters.
The COVID-19 pandemic drove the market for two-wheeler logistics services because the nationwide lockdowns fueled a mass shift to e-commerce.
APAC is the largest revenue contributor to the two-wheeler logistics industry.
Companies in the market for two-wheeler logistics services are raising funding and partnering with retail stores offering a variety of products.
Get a bespoke market intelligence solution
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws