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On-Demand Logistics Market Size
- Report ID: GMI9085
- Published Date: Apr 2024
- Report Format: PDF
On-Demand Logistics Market Size
On-Demand Logistics Market size was valued at USD 16.3 billion in 2023 and is estimated to register a CAGR of over 19.5% between 2024 and 2032 owing to the commendable growth of the e-commerce sector worldwide. According to the European E-commerce 2023 report, over 99% of consumers have altered their online shopping habits in the past year. Many shoppers are now more focused on finding the best deals, with around 54% stating that they seek products at the lowest price available. Nearly 47% of consumers also noted that they conduct thorough research before making a purchase.
The rapid expansion of online shopping has significantly increased the demand for quick and efficient delivery services. On-demand logistics providers help e-commerce businesses meet customers' expectations for fast and convenient delivery.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| On-Demand Logistics Market Size in 2023: | USD 16.3 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 19.5% |
| 2032 Value Projection: | USD 80.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 300 |
| Segments covered: | Service, Platform, End User, and Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Modern consumers expect same-day or even instant delivery services for goods they order online. On-demand logistics services cater to these heightened expectations, allowing retailers and businesses to maintain a competitive edge by providing fast and efficient delivery options.
Against this backdrop, in May 2023, Shadowfax, a top on-demand crowdsourced third-party logistics platform, partnered with ONDC to provide last-mile delivery services. After successful operations in 50 cities, the company plans to expand its services to over 1,200 cities. This expansion will enable more businesses and customers to benefit from their dependable and efficient delivery services. The move demonstrates the dedication of Shadowfax and ONDC to promoting digital commerce in India and making logistics widely accessible.
The However, limitations in existing transportation infrastructure, such as road congestion, inadequate delivery routes, and lack of parking or unloading zones, can hinder efficient last-mile delivery services. These challenges can lead to delays and increased operational costs, thus impacting market growth.
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On-Demand Logistics Market Scope
