Automotive Era

The Future of Urban Transportation: Exploring the Urban Air Mobility Market

The total revenue generated by the urban air mobility market is USD 895.0 million in 2023, and it will reach USD 6,889.4 million by 2030. Also, it will power at a rate of 33.9% by the end of this decade, as stated by a market research firm, P&S Intelligence. The increasing traffic on the roads in major cities and increasing volume of product launches will be the sturdiest drivers for the growth of the industry. Moreover, passenger flight on low-altitudes will be a lot costlier than last-mile and cargo delivery services. Intercity flights will demonstrate the faster growth in the urban air mobility services by the end of this decade. North America will have the largest share in urban air mobility market. This is because people living in major cities of the continent will increasingly choose for air taxi and airport shuttle services because of the increasing traffic congestion. The deteriorating road traffic conditions in extremely inhabited cities are a main factor fueling the expansion of industry. The increasing road traffic in cities is triggering long traffic jams, leading to the wastage of precious time. Also, traffic jams increase the annual cost of transportation of Americans by over USD 1,000. Subsequently the urban air mobility is a future opportunity, main companies eager to make a fortune are indulging in partnerships and joint ventures, for giving the maximum success opportunity. It has a lot to do with the increasing traffic on the roads of major cities, all over the world, the demand for urban air mobility will continue to grow considerably in the years to come.

This study covers • Major factors driving the market and their impact during the short, medium, and long terms • Market restraints and their impact during the short, medium, and long terms • Recent trends and evolving opportunities for the market participants • Historical and the present size of the market segments and understand their comparative future potential • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders • Major players operating in the market and their service offerings About P&S Intelligence P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times. Contact: P&S Intelligence Phone: +1-347-960-6455 Email: Web:

The Two-Wheeler Logistics Market To Reach $355,631 Million by 2030

The two-wheeler logistics market will propel at a growth rate of 20% in the coming years to reach a value of over $355,631 million by 2030.The main factors accountable for the development of the industry include the suitability and cost-efficiency of these services, the thriving e-commerce manufacturing, and the addition of real-time tracking know-how. Scooters had the largest demand in the recent past. This was chiefly due to the growing acceptance of scooters because of their ease of mobility, fast acceleration, and light build. Furthermore, the structure, equipment, and gears of scooters, which are altered by rotating the handlebar, are finest suited for traveling short distances, which makes automobiles perfect for conveying goods and services within cities.
E-commerce delivery had the largest share in the past. The supremacy of these vehicles can be credited to the increasing base of clienteles, who, moreover, expect fast and free shipping, along with competitive assessment. Traditional logistics systems are being challenged by this severe delivery schedule; consequently, enterprises are now concentrating on regulating their strategies to address this. Electric vehicles will witness faster growth in the industry in the future. This will be since EVs are an eco-friendly, effective, and reasonable means of transport for delivery service providers. For example, in 2018, a study by the University of Michigan's Transportation Research Institute found that EVs cost not more than half as much to function as fuel-based vehicles. APAC had the largest demand for two-wheeler logistics in the coming years. Developing countries like China, and India will drive the industry with their hefty populations and increasing income, together with the fast urbanization and strong transportation and logistics industries with many large shipping and delivery corporations.
The e-commerce industry is increasing at a tremendous rate around the world, which, in line, is boosting the two-wheeler logistics market. In the past, e-commerce had approximately 16% of all retail sales worldwide, an upsurge of approximately 19% in 2019. Also, e-commerce sales will reach about 18% of the retail sales in the world by 2021. The industry is mainly driven by price and convenience, since clienteles look for an appropriate deal on products, which, moreover, can be delivered rapidly. Furthermore, the transportation and logistics industries are experiencing momentous changes, including the incorporation of real-time tracking technology. The IoT is becoming widespread within more than a few industries, with transportation and logistics being measured as major sectors. In order to help, corporations uphold the increasing demands, technology is altering logistics by providing real-time tracking solutions throughout the delivery process. Real-time visibility allows corporations to recognize potential glitches and resolve them before growth. Due to the booming e-commerce industry, the demand for two-wheeler logistics vehicles has increased significantly.