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On-Demand Logistics Market Trends

Report ID: GMI9085
Published Date: Apr 2024
Report Format: PDF

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On-Demand Logistics Market Trends

The Technological breakthroughs will help carve a healthy growth projectile for the on-demand logistics industry through 2032. Innovations such as mobile apps, real-time tracking, and data analytics have revolutionized the logistics industry, making it easier for businesses to manage and optimize deliveries. These technologies allow for more efficient route planning, improved tracking of shipments, and better communication between customers and delivery personnel.

Quoting an instance, in December 2023, E-commerce service provider Shadowfax unveiled Flash, an on-demand delivery app that offers quick delivery services within cities. This new app directly competes with Dunzo by providing 30-minute deliveries and offering fast, reliable, and cost-effective last-mile delivery solutions. With operations in more than 50 cities, Flash by Shadowfax offers on-demand convenience, letting users request pickups and drop-offs as necessary. The platform has also implemented the concept of milk-run deliveries, helping businesses optimize efficiency and minimize delivery costs by grouping multiple shipments on a single route.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of on-demand logistics reached USD 16.3 billion in 2023 and is set to witness 19.5% CAGR between 2024 and 2032, owing to the commendable growth of the e-commerce sector worldwide.

The retail & e-commerce segment accounted for 44% of the market share in 2023, due to its ability to meet the growing consumer demand for fast, flexible, and convenient delivery options.

Asia Pacific market accounted for 38% revenue share in 2023, attributed to the rapid growth of e-commerce in countries, such as China and India, which has significantly increased the demand for fast and efficient delivery services.

Bringg Delivery Technologies Ltd., Delivery Hero, DoorDash, Inc., Grubhub, Instacart, Lalamove, Postmates, Shadowfax Technologies Pvt. Ltd., Stuart Delivery Ltd. and Uber Technologies Inc.