With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions.
Due to the aforementioned factors, the demand for two-wheeler logistics services is rising sharply, which is, in turn, driving the growth of the global two-wheeler logistics market. Grocery delivery, food delivery, parcel delivery, and e-commerce delivery are the major services provided by two-wheeler logistics solutions. Out of these, the adoption of these solutions is predicted to rise at the fastest pace in e-commerce delivery applications across the world in the coming years.
This is credited to the fact that several leading e-commerce companies such as Walmart Inc., Flipkart Online Services Pvt. Ltd., and Amazon.com, are opting for these services in order to meet the soaring demand for faster product delivery. Business-to-consumer (B2C) and business-to-business (B2B) are the two major end users of two-wheeler logistics solutions. Between these two, the adoption of these logistics solutions was higher in B2C applications during the last few years. This is due to the greater convenience provided by these services to users.
One of the major trends currently being witnessed in the two-wheeler logistics market is the emergence of several two-wheeler logistics solutions providing start-ups, on account of the surging investments being made by various venture capitalists in the region. For example, Mara Labs Inc. (Locus) announced in May 2019 that it has received an investment of $22 million, during its Series B funding round, from Tiger Global Management LLC and Falcon Edge Capital LP.
Hence, it can be safely said that the demand for two-wheeler logistics solutions will shoot up in the forthcoming years, primarily because of soaring consumer demand for faster product delivery and the expansion of the e-commerce industry across the world.