On Demand Logistics Market By Vehicle Type (Medium/Heavy Commercial Vehicle (M/HCV), Light Commercial Vehicle (LCV)), Application (E-commerce, Industrial, Moving and Shifting), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

On Demand Logistics Market By Vehicle Type (Medium/Heavy Commercial Vehicle (M/HCV), Light Commercial Vehicle (LCV)), Application (E-commerce, Industrial, Moving and Shifting), & Region for 2024-2031

On Demand Logistics Valuation – 2024-2031

The rise of e-commerce has transformed consumer expectations. Customers want rapid and convenient deliveries, and on-demand logistics perfectly meet this need. On-demand services address this desire for immediacy by providing same-day or even instant deliveries, resulting in a win-win situation for both businesses and customers. Thus, the growing e-commerce sector is surging the market size of USD 8.58 Billion in 2024 to reach a valuation of USD 10.01 Billion by 2031.

On-demand logistics relies on innovative technology. Advancements in artificial intelligence, route planning software, and real-time tracking enable logistics organizations to function more efficiently. This results in speedier deliveries, lower prices, and a more efficient overall experience for everyone involved. Thus, the technological innovation in artificial intelligence is enabling the market to grow at a CAGR of 1.95% from 2024 to 2031.

On Demand Logistics MarketDefinition/ Overview

On-demand logistics is a modern technique for completing shipments that prioritizes speed, agility, and exceeding consumer expectations. Essentially, it allows businesses to deliver orders quickly, often within the same day or the next day. In the ever-changing retail sector, the concept of on-demand logistics has emerged as a key actor, revolutionizing how firms handle shipping and delivery. This paradigm change is being driven by the growing demand for expedited services, with same-day or even faster delivery now the standard for pleasing local customers.

Key retail titans such as Amazon, Walmart, and Target are in the forefront, recognizing the need to match these higher expectations. They are spending heavily in on-demand logistics, hoping to discover breakthrough solutions that will transform the shipping and delivery experience. Amazon, for example, has made same-day delivery a common option in most large cities, establishing a high bar for the sector. Similarly, Target’s acquisition of Shipt in early 2018 laid the groundwork for the rapid expansion of same-day delivery services in major urban areas.

The on-demand logistics sector is thriving thanks to the match the needs of today’s consumers. E-commerce development needs ever-faster deliveries, and on-demand logistics bridges this gap by providing same-day or even instant possibilities. This convenience is not restricted to retail; on-demand services might include food, medicine, and other items, providing near-instant delivery within the local area.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

How the Increasing Gig Economy and Adaptive Workforce is Escalating the Growth of On Demand Logistics Market?

The rise of gig economy and adaptive workforce is escalating the growth of on-demand logistics. The gig economy’s dynamic nature enables on-demand logistics to thrive. Leveraging independent contractors and drivers allows businesses to quickly modify their workforce to meet changing demands. This agility translates into faster reaction times and more efficient fulfillment procedures, benefiting both businesses and consumers.

Increased focus on sustainability and environmental awareness are accelerating the demand of on-demand logistics. An increasing percentage of customers values environmental sustainability. On-demand logistics companies can capitalize on this trend by incorporating environmentally friendly methods into their operations. Optimizing delivery routes lowers emissions, while using sustainable packaging decreases trash. By promoting sustainability, on-demand logistics providers can attract environmentally concerned customers, giving them a competitive advantage in the market.

On-demand logistics is transforming local business competitiveness through hyperlocal deliveries. These services focus on certain geographic areas, ensuring quick deliveries of groceries, cooked meals, and other items. On-demand services improve the user experience by enabling near-instantaneous delivery, while also allowing small businesses to expand their customer reach and compete on convenience rather than price.

Subscription box surge and dependable recurring delivery in the on-demand logistics is fueling the growth of on demand logistics market. The subscription box movement, which includes everything from cosmetic products to pet supplies, is enjoying unprecedented development. On-demand logistics emerges as a reliable option for these subscription services, providing timely and consistent delivery of repeated shipments. On-demand shipping providers strengthen their position in the subscription box business model by establishing themselves as vital partners.

How the Outmoded Infrastructure and Insufficient Loading Zones are Hampering the Growth of On Demand Logistics Market?

The outmoded infrastructure, such as deteriorated roads or insufficient loading zones, can dramatically reduce delivery efficiency are limiting growth of the on-demand logistics. The effectiveness of on-demand logistics is strongly reliant on efficient transportation networks. Furthermore, urban traffic congestion is a continuous issue, delaying delivery timetables and increasing operational expenses, especially in highly populated areas.

The recruitment and retention of skilled drivers is critical to the success of on-demand logistics companies. Rising labor costs and increased competition for drivers put pressure on profit margins. Furthermore, a scarcity of skilled drivers can limit a company’s ability to scale operations and meet rising demand.

Profitability challenges and minimum order requirements maintaining profitability amidst severe competition is a hard challenge for on-demand logistics companies. While quick deliveries are appealing, completing modest purchases, particularly across vast distances, can be financially expensive. To mitigate this, corporations frequently implement minimum order requirements to ensure profitability, even if they may deter some customers.

The on-demand logistics business operates in a relatively new regulatory context, and legislation may not be entirely aligned with industry practices. Driver licenses, insurance restrictions, and data privacy regulations all provide compliance challenges, especially for businesses that operate in many jurisdictions.

How the Adaptivity and Convenient Delivery Options are Contributing to the Growth of E-commerce Segment in the On Demand Logistics Market?

E-commerce segment is significantly dominating the on demand logistics market owing to the rising consumer demand for quick, adaptive, and convenient delivery options, which are efficiently supplied by on-demand logistics services. In the area of e-commerce, the attractiveness of on-demand logistics rests in its ability to meet the growing need for quick and flexible delivery alternatives. Consumers want same-day or immediate delivery, which on-demand logistics suppliers may easily meet. This feature improves the whole purchasing experience by seamlessly aligning with developing consumer preferences.

Furthermore, integrating real-time tracking mechanisms and optimal route planning improves delivery precision and transparency. On-demand logistics is a crucial tool for retailers and e-commerce companies to manage inventory and respond quickly to changing consumer demands inclinations. As a result, client happiness increases, as does the possibility of repeat business.

In addition, the burgeoning e-commerce industry is a primary catalyst propelling the On Demand Logistics Market forward, with major players such as Walmart Inc., Amazon.com Inc., and Flipkart Online Services Pvt. Ltd. adopting on-demand logistics to meet the increasing volume of online orders across diverse product categories.

How the Versatility and Efficiency in Transversing is Augmenting the Growth of Light Commercial Vehicle (LCVs) in On Demand Logistics Market?

When it comes to getting your stuff delivered ASAP, light commercial vehicles (LCVs) are really leading the charge! They're the go-to choice for that crucial last-mile delivery, especially when it's for lighter items. What makes LCVs so popular? Well, they're incredibly adaptable and do a great job zipping around cities, which is perfect since we're not always moving huge, heavy things. This is especially important because e-commerce companies are all about fast, last-mile delivery now, and they often don't need to ship massive packages. LCVs are quick, versatile, and can easily maneuver through busy urban areas, making them the ideal choice for meeting those delivery demands. And, as e-commerce keeps growing and everyone wants their stuff faster, expect to see even more LCVs hitting the road and driving the on-demand logistics market forward.

Gain Access to On Demand Logistics Market Report Methodology

Country/Region-wise Acumens

What are the Transportation and Logistics Industries Role in Fueling On Demand Logistics Market in North America?

North America is fostering significant growth in the on demand logistics market owing to the transportation and logistics industry’s solid revenue streams, notably in overland freight transit, which is largely aided by trucking services in the United States. The region’s dominance in income production can be traced back to trucking services, which account for more than 70% of overland freight movement in the United States alone. However, the spike in demand for trucking services has resulted in issues such as freight and driver shortages, causing operational challenges for the logistics industry.

In response to these issues, there is an increasing need to develop more effective logistics solutions to close the demand-supply gap. This necessity creates an opportunity for the region to adopt more on-demand logistics solutions. Businesses may manage changing market demands and successfully offset freight and driver shortages by exploiting the flexibility and reactivity inherent in on-demand logistics.

The on-demand logistics scene in the US? It's booming! Think a perfect storm of market forces and cool tech. All that e-commerce we're doing is making us expect super-fast, super-flexible deliveries right to our door – and companies are scrambling to make it happen. Plus, things like real-time tracking and smart routing are totally changing the game, making everything smoother and happier for us customers. And with the gig economy taking off, companies have a much easier time finding people to make those deliveries, allowing them to grow really fast. Finally, you’ve got innovative partnerships and a ton of VC money being thrown at new tech, all adding fuel to the fire.

How the Rapid Expansion in China and India are Projected to Grow in the Asia Pacific On Demand Logistics Market During the Forecast Period?

Asia Pacific is expected to be the fastest growing region throughout the forecast period driven by astounding feat can be credited to the rapid expansion of e-commerce, particularly in powerhouse economies such as China and India. The developing e-commerce landscape has fueled an increase in demand for quick and efficient delivery services, matching the changing expectations of consumers who value convenience and promptness in their purchasing experiences.

Furthermore, the region’s young and technologically savvy population has fueled extensive adoption of mobile apps and digital platforms for logistical services. This digitally literate populace rapidly adopts technology breakthroughs, facilitating the rapid spread of on-demand logistics solutions throughout Asia Pacific.

How the Intricate Urban Environment is Expected to show Lucrative Opportunities in the Europe On Demand Logistics Market During the Forecast Period?

Europe is anticipated to show lucrative growth during the forecast period in the on demand logistics market owing to the, France, big cities such as Paris, Marseille, and Lyon have dense populations and intricate urban environments. On-demand logistics firms play a critical role in solving the obstacles of last-mile delivery in these highly populated areas, where traffic congestion and limited parking are common.

The United Arab Emirates, notably cities like Dubai and Abu Dhabi, have seen tremendous urbanization and economic growth in recent years. This economic boom has resulted in increased consumer spending, a surge in demand for goods and services, and a thriving e-commerce sector. As one of the world’s leaders in internet and smartphone penetration, the UAE has a tech-savvy population that is accustomed to digital services and mobile applications. On-demand logistics firms in the UAE rely on digital channels.

Competitive Landscape

The on demand logistics market is expected to witness significant consolidation as competition intensifies. Mergers and acquisitions are likely as companies strive to expand their reach and service offerings. Collaboration between different players in the ecosystem, such as logistics companies and retailers, could also become more prevalent. The focus on innovation and sustainability will remain paramount for companies to thrive in this dynamic market.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the on demand logistics market include

  • Shadowfax Technologies Pvt. Ltd
  • Deliveree (Thailand) Co. Ltd
  • Lalamove EasyVan (Thailand) Co. Ltd
  • Uber Freight LLC
  • Deliv, Inc.
  • Bringg Delivery Technologies Ltd.
  • Shippify, Inc.
  • Stuart Delivery Ltd. (STUART)
  • GoGo Tech Ltd. (GoGoVan)
  • MENA 360 DWC-LLC (Fetchr)

On-Demand Logistics Latest Developments

  • In October 2023, Dunzo asked board approval to raise up to $35 million through a rights offering. According to The Economic Times (ET), some investors suggest decreasing the struggling startup’s worth to USD 200 million in this important investment round.
  • In March 2023, Dunzo, a fast commerce firm, and Loadshare, a logistics start-up, approached the Open Network for Digital Commerce (ONDC), a government-backed program, to expand their two-wheeler fleets for bike taxi services. According to sources, the move aims to increase delivery capacity and meet the growing need for affordable, on-demand transportation in urban areas.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~1.95% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Vehicle Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Shadowfax Technologies Pvt. Ltd, Deliveree (Thailand) Co. Ltd, Lalamove EasyVan (Thailand) Co. Ltd, Uber Freight LLC, Deliv, Inc., Bringg Delivery Technologies Ltd., Shippify, Inc., Stuart Delivery Ltd. (STUART), GoGo Tech Ltd. (GoGoVan), MENA 360 DWC-LLC (Fetchr)

Customization

Report customization along with purchase available upon request

On Demand Logistics Market, By Category

Vehicle Type

  • Medium/Heavy Commercial Vehicle (M/HCV)
  • Light Commercial Vehicle (LCV)

Application

  • E-commerce
  • Industrial
  • Moving and Shifting

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive deep into the market, looking at the numbers (quantitative) and the less obvious stuff like consumer behavior (qualitative), breaking it all down by segmentation based on economic and non-economic factors. You'll get market value data in USD Billion for every segment and sub-segment. We'll point out the region and segment poised for the biggest growth and market dominance. Our geographic analysis will highlight where the product/service is most popular and what's driving the market in each area. We'll map out the competitive scene, ranking the major players and noting their latest movesnew products, partnerships, expansions, and acquisitions from the last five years. Expect detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the key players. We’ll also provide a market outlook, covering recent developments, growth opportunities, drivers, challenges, and restraints in both emerging and established regions. Plus, we'll give you an in-depth market analysis using Porter's five forces and a clear picture of the Value Chain. Get ready for a market dynamics scenario, outlining the growth opportunities ahead. Oh, and don't forget – you get 6 months of analyst support after the sale!

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Some of the key players leading in the market include ExxonMobil Shadowfax Technologies Pvt. Ltd., Deliveree (Thailand) Co. Ltd., Lalamove EasyVan (Thailand) Co. Ltd., Uber Freight LLC, Deliv, Inc., Bringg Delivery Technologies Ltd., Shippify, Inc., Stuart Delivery Ltd. (STUART), GoGo Tech Ltd. (GoGoVan), MENA 360 DWC-LLC (Fetchr), among others.
The rise of e-commerce has transformed consumer expectations. Customers want rapid and convenient deliveries, and on-demand logistics perfectly meets this need. On-demand services address this desire for immediacy by providing same-day or even instant deliveries,

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email