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Two-Wheeler Logistics Market Value to Surpass $355,631.2 Million by 2030, Says P&S Intelligence
The COVID-19 pandemic has propelled the market, as people preferred ordering food items and essential products, such as pharmaceuticals and groceries, during the lockdown period. Moreover, a large number of organizations use two-wheelers for product deliveries as they are more fuel-efficient than four-wheelers and can easily snake through traffic.
The most-significant players in the two-wheeler logistics market are Shippify Inc., Stuart Delivery Ltd., Beijing Xiaoju Technology Co. Ltd. (Didi Chuxing), Meituan, Bringg Delivery Technologies Ltd., Doorman, Roofoods Limited, Lalamove EasyVan ( Thailand ) Co. Ltd., Instakart Services Private Limited, Glovoapp23 SL, PT Application Karya Anak Bangsa, FedEx Corp., Walmart Inc., Getir UK Limited, Amazon.com Inc., DHL International GmbH, DoorDash Inc., and Uber Technologies Inc.
Together, North America and APAC are expected to account for over 80% share in the on-demand logistics market by 2030. However, the APAC region is estimated to witness the fastest growth in the market during the forecast period.
Globally, North America witnessed the highest adoption of connected logistics systems and solutions in the past. The fastest growth in the demand for connected logistics systems is expected to be observed in the Asia-Pacific region in the coming years.
Geographically, North America was the leading IoT in logistics market throughout the historical period. This is because the region is home to some of the biggest retail companies, such as Walmart Inc. and Amazon.com Inc., which are in a persistent need for efficient logistics services, thus creating a great demand for IoT solutions, for enhancing their operational efficiency.
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
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Email: enquiry@psmarketresearch.com
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