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The Global Two- Wheeler Logistics Market is estimated to witness a rise in revenue from US$ 334.2 Mn in 2021 to US$ 461.8 Mn by 2027. The market is registering a CAGR of 5.5% during the forecast period 2022-2027.
Two wheelers occupy much lesser space in comparison to four-wheeler, thus making them easy to secure even in the smallest places. Two-wheeler makes commuting fast and inexpensive.
The major factors responsible for the growth of the two-wheeler logistics market includes the increasing demand through last mile delivery, shifting customer expectation towards more attractive offers like free shipping and companies switching to cheaper delivery alternative. Growing customer preference for last mile delivery has favored a growth for two-wheeler logistics market. Artificial Intelligence, big data and internet of things are the top tech trends in last mile delivery. Moreover, there is a surge in demand for free shipping cost, faster and more efficient delivery which in turn leads to boost in two-wheeler logistics market. Furthermore, rising traffic congestion caused by heavy vehicles increased scope of adoption for two-wheeler and government policies focusing on electrification of two-wheeler leading to battery infrastructure evolution creates a lucrative growth opportunity in the market. However, increase labor cost and shifting customer preferences towards automated delivery and restriction on volume of goods limits the market growth over the forecast period.
The study of the Global Two-Wheeler Logistics Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the two-wheeler logistics industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Two-Wheeler Logistics Market across 18 Chapters and 158 pages. The report includes data presentation across 34 tables and 76 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as component, application, end-use and region. The report includes detailed study of value chain of the industry. It includes inputs, production, logistics, processing, distribution and consumption. The report also covers extensively about the key competitors in the market for two-wheeler logistics market.
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Key Takeaways from the Global Two-Wheeler Logistics Market Report
Impact of COVID-19 on Global Two- Wheeler Logistics Market
The COVID-19 pandemic has propelled the market, as huge numbers of people entered the lockdown situation, they preferred ordering food items and essential products, such as pharmaceuticals and groceries through two-wheeler. Thus, the two-wheeler logistics present a perfect delivery system and they are more fuel-efficient than four-wheelers and can easily snake through traffic. Fast and efficient delivery emerged as a new business for companies in the healthcare and e-commerce sectors. Also, this will drive the further investments and funding in the emerging sector.
The key players in the Global Two-Wheeler Logistics Market are Stuart Delievery Ltd., GoGoX, Shippify, Inc., Bringg, Lalamove, Budbee, Blu Couriers, Roadie, Inc., Deliverect and Instabox among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Two-Wheeler Logistics Market is segmented based on component, application, end-use and region. The industry trends in the global two-wheeler logistics market is sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Two-Wheeler Logistics Market:
By Component segment of the Global Two- Wheeler Logistics Market is sub-segmented into:
By Application segment of the Global Two- Wheeler Logistics Market is sub-segmented into:
By End-Use segment of the Global Two- Wheeler Logistics Market is sub-segmented into:
By Region segment of the Global Two- Wheeler Logistics Market is sub-segmented into:
Higher efficiency in traffic management, allowed in car free zones, less travelling time and lower environmental impact compared to heavy vehicles are some of the advantages of cheaper logistics delivery alternatives.
In congested metropolitan areas, bike couriers have shown to be fast and reliable as two-wheeler makes commuting fast and inexpensive.
eBike Go, Ather Energy, Zypp Electric Mobility, Okinawa and Yulu are the emerging start-ups in two-wheeler market.
Global two-wheeler logistics market is projected to grow at a CAGR of 5.5% during the forecast period 2022-2027 and is expected to reach US$ 461.8 Million by 2027.
Increasing demand through last mile delivery, shifting customer expectation towards more attractive offers like free shipping and companies switching to cheaper delivery alternative.
The groceries segment holds the largest CAGR in the Global two-wheeler logistics market during the forecast period.
India is growing with the fastest CAGR during the forecast period.
Increasing labor cost and shifting customer preferences towards automated delivery and restriction on volume of goods is a restraining factor which inhibits the growth of the market during the forecast period.
North America holds the major share in term of revenue in the North America two-wheeler logistics market.
Rising traffic congestion caused by heavy vehicles increased scope of adoption for two-wheeler and government policies focusing on electrification of two- wheeler leading to battery infrastructure evolution.
Component, application, end-use and region are the different segments in the global two- wheeler logistics market.
Based on application, the two-wheeler logistics market is segmented into food, retail, groceries, mail and logistics.
Stuart Delievery Ltd., GoGoX, Shippify, Inc., Bringg, Lalamove, Budbee, Blu Couriers, Roadie, Inc., Deliverect and Instabox among others.