The two-wheeler logistics market is showcasing a significant rise over the years, and it is projected to witness a rise to $355,631.2 million in 2030. The convenience and cost-effectiveness of the two-wheeler logistics market, the boom in e-commerce, and the advent of real-time tracking are the key drivers of the two-wheeler logistics market.
Moreover, the expansion of the e-commerce industry, grocery delivery companies, and online food delivery with new add-on customers with a wide variety of products propels the market. E-commerce has enabled access to numerous products that are difficult to find in offline distribution channels. Despite strict restrictions, E-commerce facilitated customers to order essentials, including pharmaceuticals, food products such as groceries, and ready-to-eat food through online mode with the expected delivery on the same or very next day. It resulted in market proliferation.
Furthermore, e-commerce delivery is expected to capture the massive two-wheeler logistics market share, and due to its supremacy, it gains massive popularity among people. Additionally, the rapid and free delivery of products, along with the competitive prices has resulted in market propulsion. The rigorous delivery schedule challenges the traditional logistic system, and thus more enterprises are focusing on making changes to their strategies.
Additionally, the electric category, under the propulsion type is projected to experience the highest sales in the two-wheeler logistics market in the coming years. It has resulted in efficient, eco-friendly, and affordable means of transport delivery for service providers. Moreover, according to a study by the University of Michigan’s Transportation Research Institute, EVs cost lesser than half to operate as compared fuel-based vehicles.
Furthermore, the B2C category is expected to witness the highest sales in the near future, based on end-use. The shift in customer preferences, or buying behavior leads to the rise of the B2C category. Moreover, the rising preference for omnichannel and organized shopping is led by the easy-to-understand features of internet platforms and smartphone apps.
Moreover, the transportation and logistics industries are transforming with the integration of real-time tracking technology. The prevalence of the IoT in transportation and logistics companies has paced up operations with real-time tracking solutions throughout the delivery process. In addition, real-time visibility has helped companies to detect the major problems and resolve them to ensure the smooth delivery of logistics.
Therefore, the fast and free delivery of essentials led by the expansion of the e-commerce industry boosts the market.