Two-Wheeled Logistics Market 2022 Study Provides In-Depth Insights

Astute Analytica provides in-depth analysis of the world’s leading two-wheeled logistics market along with insights into their business plans and company profiles. It enables the buyer of the report to understand the competitive landscape and create market strategies accordingly.

The study analyzes the price, gross revenue, share and company profiles in an isolated segment with major significant players.

The global two-wheeled logistics market size was 334.2 million US$ in 2021. The global two-wheeled logistics market size is expected to reach US$ 461.8 million by 2027, with a growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2027.

The study examines the size of the global two-wheeled logistics market to date and forecasts its growth rates over the next five years. It also includes many types of segmentation, including geographic segmentation (North America, Europe, Asia-Pacific, etc.). Detailed information on market segments facilitates performance tracking and crucial decision making for expansion and profitability.

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Segmental analysis:

The segmentation section of the report focuses on each segment, while highlighting those having a high impact on the global two-wheeled logistics market. The segmentation served as the basis for finding companies and examining their financial situation, product portfolios and future growth potential. The second step was to assess the core competencies and market shares of top companies to predict the degree of competition. A bottom-up method was used to assess the overall market size.

Report customization:

This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure you get a report tailored to your needs. You can also get in touch with our executives on +18884296757 to share your research needs.

The automotive sector is constantly striving to develop an integrated approach for a cleaner environment and lower carbon emissions. To minimize fuel consumption, automakers are creating more efficient engines and transmissions, and a wide range of sophisticated emission control equipment is putting cleaner cars on roads around the world. It is expected that marked improvements in air quality may be noticed as more new automobiles with contemporary exhaust emissions performance hit the road. As older, more polluting cars replace new ones. Thus, this trend will continue to drive the growth of the automotive sector.

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COVID-19 Impact Analysis:

The COVID-19 pandemic has wreaked havoc on the global automotive industry quickly and severely. Shipments of Chinese parts came to a halt, large-scale manufacturing disruptions were occurring across Europe, and assembly plants in the United States had to close. This has put a lot of pressure on a sector already facing falling global demand due to dwindling consumer needs. According to data from the International Organization of Motor Vehicle Manufacturers, the commercial vehicle industry in 40 major countries, 17 countries, including Belgium, Canada, Germany, Japan, etc., experienced negative growth of 67, 5% during the COVID-19 pandemic.

Regional outlook:

China is one of the largest automotive markets in the world, both in terms of sales and production. According to Statista, global manufacturing of passenger vehicles will surpass 66 million units in 2020. China produced about a third of those automobiles that year. In 2020, Germany accounted for around 5% of global production.

By 2020, the Chinese government expects car production to reach 30 million units and 35 million by 2025. The China Association of Automobile Manufacturers estimated sales of 27 million vehicles in 2018 It includes 23.79 million passenger vehicles, down 4.08% from 2017, and 4.38 million utility vehicles, up 5.05%. This is the first annual decline in passenger vehicle sales in at least 20 years.

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About Astute Analytica:

Astute Analytica is a global analytics and consulting company that has built a solid reputation in a short time, thanks to the tangible results we have delivered to our clients. We pride ourselves on generating unrivaled, thorough and incredibly accurate estimates and projections for our highly demanding clients spread across different verticals. We have a long list of satisfied and repeat customers from a wide range including Technology, Healthcare, Chemicals, Semiconductors, FMCG and many more. These satisfied customers come to us from all over the world.

They are able to make well-calibrated decisions and take advantage of highly lucrative opportunities while overcoming fierce challenges, all because we analyze for them the complex business environment, existing and emerging opportunities by segment, technology formations , growth estimates and even the strategic choices available. . In short, a complete package. All of this is possible because we have a team of highly qualified, knowledgeable and experienced professionals including business analysts, economists, consultants and technology experts. In our list of priorities, you, our patron, come first. If you decide to engage with us, you can be sure of the best value-added and cost-effective package from us.

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