Dublin, April 06, 2020 (GLOBE NEWSWIRE) -- The "On-Demand Logistics Market Research Report: By Vehicle Type, End Use, Application - Global Industry Size, Analysis and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The major drivers for the on-demand logistics market are the increasing efficiency of product transportation by trucks, convenience, cost-effectiveness and real-time tracking advantages offered by this model, and expanding e-commerce sector. From $9.1 billion in 2019, the market revenue is expected to massively rise to $75.0 billion by 2030, at a 21.1% CAGR during the forecast period (2020-2030). On-demand logistics refers to the communication between end users and shippers via online platforms, which also provide additional features, such as global positioning system (GPS)-based vehicle tracking, time scheduling, and order booking.
Based on vehicle type, the market is bifurcated into medium/heavy commercial vehicle (M/HCV) and light commercial vehicle (LCV). Of these, LCVs led the on-demand logistics marketin 2019, as a large number of service providers use these vehicles for last-mile delivery, in cases that do not involve the transportation of heavy goods.During the forecast period, the M/HCV bifurcation would grow faster, as shipping firms are purchasing them to transport heavy stuff for large businesses, which are looking at high-volume goods transportation to reduce their costs.
Under the application segment, the market is categorized into industrial, e-commerce, peer-to-peer delivery, and moving and shifting. Among these, the largest share, in 2019, was held by the e-commerce category, as several firms in the sector, including Walmart Inc., Amazon.com Inc.,and Flipkart Online Services Pvt. Ltd., are turning to on-demand logistics to meet the growing online ordersof various products. The expanding e-commerce industry itself is one of the major growth drivers for theon-demand logistics market.
From 2017, the share of e-commerce in the global retail sales grew by 15% in 2018, and it is projected to further increase to 17% by 2021.The major reason behind it is that online shopping platforms offer customers utmost convenience, by giving them lucrative deals on products that can be delivered swiftly. Apart from the increasing number of online shoppers, their preference for and expectations of timely delivery and competitive pricing are also rising. As traditional shippers face challenges in the wake of these developments, companies are changing their strategies.
Another key reason behind the progress of the on-demand logistics market is the cost-effectiveness and convenience of shipping that this model offers. A number of companies aren't able to ship products in a consistent volume, owing to cost, production, and demand constraints, which leads to the non-feasibility of long-term logistics agreements. On-demand logistics helps businesses by not binding them in a contract and only charging them for the products they ship at a particular time. Additionally, such service providers are also able to handle a sudden increase in the shipping volume.
The market is also growing on account of the increasing efficiency of trucks, which are the preferred mode for high-volume terrestrial product transportation. In conventional logistics, after delivering the goods, trucks often return empty, which leads to wastage of fuel and extra operational costs for Service providers. Additionally, a broker liaisons between the shipper and customer, for which the charges can be as high as 18% of the shipment cost. As on-demand logistics helps deal with all such challenges, companies are rapidly embracing this concept.
Key Topics Covered:
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle Type
1.3.2 Market Segmentation by End Use
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by Region
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
3. Executive Summary
4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle Type
4.1.1.1 LCV
4.1.1.2 M/HCV
4.1.2 By End Use
4.1.2.1 B2B
4.1.2.2 B2C
4.1.3 By Application
4.1.3.1 E-commerce
4.1.3.2 Industrial
4.1.3.3 Moving and shifting
4.1.3.4 Peer to peer delivery
4.1.3.5 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Huge funding
4.3.2 Drivers
4.3.2.1 Increasing truck logistics efficiency
4.3.2.2 Convenient and cost-effective option
4.3.2.3 Rising e-commerce industry
4.3.2.4 Real-time tracking technology
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Data security and data privacy concern
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand in emerging economies
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Intensity of Rivalry
4.4.5 Threat of Substitutes
5. Logistics Industry Overview
5.1 Market Trends
5.1.1 Increasing Customer Base
5.1.2 Rising Digital Consumer
5.2 Technology Trends
5.2.1 The Third Age of Revolution
5.2.2 Autonomous Vehicles
6. On-Demand Logistics Technological Trends
6.1 Blockchain technology
6.2 Access to Data Analytics
6.3 Planning Smart Routes
6.4 Efficient Order Management
7. Global Market Size and Forecast
7.1 By Vehicle Type
7.2 By End Use
7.3 By Application
7.4 By Region
8. North America Market Size and Forecast
8.1 By Vehicle Type
8.2 By End Use
8.3 By Application
8.4 By Country
9. Europe Market Size and Forecast
9.1 By Vehicle Type
9.2 By End Use
9.3 By Application
9.4 By Country
10. APAC Market Size and Forecast
10.1 By Vehicle Type
10.2 By End Use
10.3 By Application
10.4 By Country
11. LAMEA Market Size and Forecast
11.1 By Vehicle Type
11.2 By End Use
11.3 By Application
11.4 By Country
12. Competitive Landscape
12.1 List of Major Players and Their Offerings
12.2 Competitive Benchmarking of Key Players
12.3 Strategic Developments of Key Players
12.3.1 Investments
12.3.2 Geographic Expansion
12.3.3 Partnerships
13. Company Profiles
13.1 Lalamove EasyVan (Thailand) Co. Ltd.
13.2 Uber Freight LLC
13.3 Deliv Inc.
13.4 MENA 360 DWC-LLC (Fetchr)
13.5 Shadowfax Technologies Pvt. Ltd.
13.6 Deliveree (Thailand) Co. Ltd.
13.7 Bringg Delivery Technologies Ltd.
13.8 Shippify Inc.
13.9 Stuart Delivery Ltd. (STUART)
13.10 GoGo Tech Ltd. (GoGoVan)
14. Appendix
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