Two-Wheeler Logistics Market To Generate Revenue Worth $355,631.2 Million by 2030

The booming e-commerce industry, convenience and cost-effectiveness of delivery services, and integration of the real-time tracking technology are the major growth drivers for the global two-wheeler logistics market. Due to the aforementioned factors, the industry is projected to generate $355,631.2 million revenue by 2030, advancing at a CAGR of 20.0% during 2020–2030.

The market for two-wheeler logistics covers the delivery of food, consumer products, groceries, and parcels, primarily for household use. 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 at the doorstep, which resulted in the growth of the market for two-wheeler logistics. Additionally, most of the companies that deliver these items are using two-wheelers for fast deliveries within one hour, because of their ability to snake through dense traffic.

Scooter Category Held Largest Market Share

The two-wheeler logistics market is categorized into moped, scooter, and motorcycle, on the basis of vehicle type. Among these, the scooter category dominated the market during the historical period (2018–2020), and it is expected to retain its dominance during the forecast period (2021–2030). This will mainly be because of scooters’ easy mobility, light-weight design, and presence of ample storage space — a front carrier and space near the feet and beneath the seat — which have made these vehicles highly convenient for delivery persons.

Moreover, the market for two-wheeler logistics is categorized into conventional-fuel-based and electric, on the basis of propulsion type. Out of these, the electric category is expected to witness the faster growth during the forecast period due to the fact that logistics companies are laying emphasis on electric vehicles (EVs) to reduce the carbon footprint.

Globally, Asia-Pacific (APAC) was the largest contributor to the two-wheeler logistics market in 2020, and it is expected to witness the fastest growth during the forecast period. This is mainly attributed to regional logistics companies’ focus on efficient order management via a platform where they can arrange drivers for pickups and deliveries. Moreover, the APAC region has long been at the forefront of the digital revolution, with some of the most-innovative technologies influencing the everyday life here.

Partnerships and Collaborations Are Most-Effective Strategic Measures

Players in the two-wheeler logistics industry have been involved in partnerships and collaborations to remain competitive. For instance, in June 2021, DoorDash Inc. announced a partnership with PetSmart LLC to facilitate on-demand delivery of pet supplies and accessories from more than 1,500 PetSmart locations in the U.S., Canada, and Puerto Rico.

Similarly, in May 2021, Instacart and The Container Store, a specialty retailer of storage and organization products, announced a new national partnership to offer customers same-day delivery within an hour, from all 93 locations of The Container Store. With this new offering, customers can have The Container Store’s kitchen, closet, office, and storage essentials delivered at their door.

The major players operating in the global two-wheeler logistics market are Stuart Delivery Ltd., Shippify Inc., Bringg Delivery Technologies Ltd., Meituan, Beijing, Xiaoju Technology Co. Ltd. (Didi Chuxing), Lalamove EasyVan (Thailand) Co. Ltd., Doorman, Glovoapp23 SL, Roofoods Limited, FedEx Corp., DHL International GmbH, Instakart Services Private Limited, PT Application Karya Anak Bangsa, Uber Technologies Inc., DoorDash Inc. Amazon.com Inc., Walmart Inc., and Getir UK Limited.