Based on vehicle type, the scooter category has the biggest market while comparing it with other courier services. This was mostly due to the increasing popularity of scooters, given their convenience of mobility, quick acceleration, and lightweight. Furthermore, scooters’ structure, mechanism, and gears, which can easily be changed by spinning the handlebar, are ideally suited for short-distance travel, making them perfect for moving products within cities.
Based on service, the courier services category had the biggest market share in 2020. The category’s dominance can be attributed to its rising client base, expecting fast and free shipping as well as affordable pricing. This strict delivery timetable is putting traditional logistics systems to the test. As a result, courier service businesses are refocusing their strategy to accommodate 2-wheeler courier services.
Why is the 2-Wheeler Courier Service Growing in Popularity?
In 2021, the worldwide 2-wheeler courier service market was worth Rs. 2.7 Billion and by 2027, it is expected to be worth Rs. 3.6 Billion. Over the forecast period, the market is expected to grow at a CAGR of 5.5 per cent.
Businesses are becoming less reliant on personal vehicles and are actively building relationships with courier services and third-party logistics companies, and keeping an in-house fleet to perform day-to-day company operations in India’s commercial 2-wheeler market courier services.
The industry is predicted to develop due to rising demand for last-mile delivery and a shift in customer expectations toward more time-saving options. Furthermore, enterprises transitioning to less expensive delivery options, rising traffic congestion caused by large trucks, and government initiatives concentrating on electrification of 2-wheelers leading to the evolution of battery infrastructure are likely to fuel market expansion.
Advantages of Using 2-Wheeler Courier Services in Business:
- A 2-wheeler will not be delayed in traffic for hours or stranded at toll booths for long periods. Such courier services provide faster delivery benefits due to their mobility.
- It is less expensive to hire a 2-wheeler courier service than it is to hire a truck.
- Because 2-wheelers are smaller, they harm the environment less than large, four-wheel vehicles, which release more CO2 and other pollutants into the air.
Segment-by-Segment Market Size Analysis of 2-Wheeler Courier Services:
Depending on the Vehicle Type:
On the basis of service:
- Delivery of Food
- E-Commerce Shipping
- Delivery of Packages
- Delivery of Groceries
- Transportation Industry (Bike taxi)
How do e-Commerce Industries use 2-Wheeler Courier Services?
Depending on the target market, kind of business, and product supplied, several shipping tactics are used in retail. Vans and railroad lines are the most popular forms of distribution. However, 2-wheelers have recently become increasingly popular for e-commerce deliveries. In general, different modes and models of delivery are classified according to the time it takes to deliver goods:
- Same-day shipping
- Overnight delivery
- 2-day delivery and International delivery
Shipping costs must be considered, which are typically determined depending on the expected quantities, destination, weight, dimension, and value of the commodities. E-commerce platforms may provide ‘free shipping,’ which is reflected in the product price. However, in order to do so, the operating costs of completing the delivery must be reduced, which may be accomplished by employing 2-wheelers instead of four-wheelers, at least for shorter distances.
How are 2-Wheeler Courier Services Used in the Food Delivery Industry?
When companies began offering online food delivery services, the food delivery market underwent a significant shift. Many famous food chains began accepting online orders and partnering with courier delivery services to fulfil customer orders. Aggregation site platforms expanded their business during this period. They used their delivery agents’ fleet to fulfil customer orders.
A 2-wheeler courier service actually delivers food to the consumer faster than any other mode of transportation. This is especially true in densely populated places, such as downtown areas. Four-wheelers have a very restricted range of travel, need a slated parking spot, and are completely reliant on the flow of traffic, which may be extremely detrimental to your business during peak traffic periods.
How are 2-Wheeler Courier Services Used in the Grocery Delivery Market?
With the debut of several online grocery delivery companies, providers adopted a hybrid model to fulfil client orders, partnering with third-party courier delivery companies and using their fleet of delivery agents. The basic concept was: When you deliver orders on a bike or scooter rather than in a car, you may save time and increase the number of orders you can manage each hour. You’ll make more sales as a result, and your consumers will be pleased as well.
Based on end-use, the B2C category is predicted to be the fastest-growing sector in the market throughout the projection period with the aid of a 2-wheeler courier service. The category’s growth is spurred by changes in customer purchasing behaviour, as seen by increased demand for structured and multichannel shopping, owing to a growing technical awareness of smartphone apps and internet platforms. Porter is a top-rated door-to-door delivery service that provides 2-wheeler parcel delivery. In comparison to many other courier service providers, it is also less expensive. The cost of a 2-wheeler parcel service starts at just Rs. 50.