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Two-Wheeler Logistics Market Overview
The logistics industry has been witnessing a major technical shift since the last few years. Two-wheeler logistics is an on-demand logistics service connecting businesses and customers, to deliver goods via a two-wheeler mode of transport. The increasing customer preference for seamless and quick delivery of goods and services is driving two-wheeler logistics market. Moreover, the growing consumer awareness regarding more-convenient logistics options, coupled with the rapid digitization in the industry, is contributing in the massive growth of the global market in coming years.
Based on service, the market is categorized into food delivery, grocery delivery, e-commerce delivery, parcel delivery, and others. Among these, the e-commerce category is projected to exhibit the fastest growth in the two-wheeler logistics market, during the forecast period (2020–2030). This can be attributed to the fact that many e-commerce giants, including Amazon.com Inc., Walmart Inc., and Flipkart Online Services Pvt. Ltd., are opting for these logistics services, during periods of sales promotion, to match the sudden order increase.
On the basis of end use, the two-wheeler logistics market is bifurcated into business-to-business (B2B) and business-to-consumer (B2C). Out of the two, B2C was the dominant bifurcation during the historical period (2014–2019). This was because of the greater user convenience offered by these services, along with the higher safety promised with the transfer of goods, which is highly valued by individual customers.
Geographically, the two-wheeler logistics market is categorized into North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East, and Africa (LAMEA). Among these, APAC is predicted to experience the fastest growth during the forecast period. This is due to the presence of two of the most populated countries — China and India — which are home to a vast consumer base for retail firms, thereby resulting in high two-wheeler logistics services demand.
Two-Wheeler Logistics Market Dynamics
The major trend being observed in the two-wheeler logistics market is the inflow of hefty investments from several venture capitalists, which is enabling the entry of numerous start-up companies in the market. For instance, in May 2019, Mara Labs Inc. (Locus) raised an amount of $22 million, as part of its Series B funding round, led by Falcon Edge Capital LP and Tiger Global Management LLC. Further, in December 2019, Glaufraf 23 (Glovo) received an investment of $166 million, as part of its Series E round of funding, led by the Abu Dhabi state investment company, Mubadala Development Co.
The consumers’ growing preference toward the prompt delivery of goods and services is a major growth driver for the two-wheeler logistics market. Apart from the increasing customer base, its buying behavior and expectations are also changing, as people now expect fast and free shipping, with competitive product pricing. This demanding delivery schedule challenges traditional logistics, and to overcome this, companies are now focusing on adjusting their strategies. With service providers also looking to speed up their delivery process, they are picking more-efficient, cheaper, and faster logistics alternatives, thereby driving the adoption of two-wheeler logistics.
Two-Wheeler Logistics Market Competitive Landscape
The global two-wheeler logistics market is highly fragmented in nature, with numerous start-up companies operating at the global, regional, country, and even city levels. Some of the prominent players in the market are Stuart Delivery Ltd. (Stuart), Shippify Inc. (Shippify), Bringg Delivery Technologies Ltd. (Bringg), Doorman Services Ltd. (Doorman), Deliv Inc. (Deliv), Glaufraf 23 (Glovo), Mara Labs Inc. (Locus), Roofoods Ltd. (Deliveroo), Postmates Inc. (Postmates), and Maplebear Inc. (Instacart).
The report will also provide a country-wise analysis of the two-wheeler logistics market. Some of the major countries covered in the report are the U.S., Canada, the U.K., Germany, France, Spain, Italy, the Netherlands, China, India, Japan, South Korea, the U.A.E., Brazil, Mexico, and Australia.
Two-Wheeler Logistics Market Segmentation
By Vehicle Type
By Propulsion Type
By End Use