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The Two-Wheeler Logistics Market To Reach $355,631 Million by 2030

03-23-2023 05:09 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

The Two-Wheeler Logistics Market To Reach $355,631 Million

The two-wheeler logistics market will propel at a growth rate of 20% in the coming years to reach a value of over $355,631 million by 2030. The main factors accountable for the development of the industry include the suitability and cost-efficiency of these services, the thriving e-commerce manufacturing, and the addition of real-time tracking know-how.

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Scooters had the largest demand in the recent past. This was chiefly due to the growing acceptance of scooters because of their ease of mobility, fast acceleration, and light build. Furthermore, the structure, equipment, and gears of scooters, which are altered by rotating the handlebar, are finest suited for traveling short distances, which makes automobiles perfect for conveying goods and services within cities.

E-commerce delivery had the largest share in the past. The supremacy of these vehicles can be credited to the increasing base of clienteles, who, moreover, expect fast and free shipping, along with competitive assessment. Traditional logistics systems are being challenged by this severe delivery schedule; consequently, enterprises are now concentrating on regulating their strategies to address this.

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APAC had the largest demand for two-wheeler logistics in the coming years. Developing countries like China, and India will drive the industry with their hefty populations and increasing income, together with the fast urbanization and strong transportation and logistics industries with many large shipping and delivery corporations.

The e-commerce industry is increasing at a tremendous rate around the world, which, in line, is boosting the two-wheeler logistics market. In the past, e-commerce had approximately 16% of all retail sales worldwide, an upsurge of approximately 19% in 2019. Also, e-commerce sales will reach about 18% of the retail sales in the world by 2021. The industry is mainly driven by price and convenience, since clienteles look for an appropriate deal on products, which, moreover, can be delivered rapidly.

Furthermore, the transportation and logistics industries are experiencing momentous changes, including the incorporation of real-time tracking technology. The IoT is becoming widespread within more than a few industries, with transportation and logistics being measured as major sectors. In order to help, corporations uphold the increasing demands, technology is altering logistics by providing real-time tracking solutions throughout the delivery process. Real-time visibility allows corporations to recognize potential glitches and resolve them before growth.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

P&S Intelligence
Phone: +1-347-960-6455

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