The global surge in e-commerce is driving rapid growth in the demand for on-demand logistics services. In 2018, e-commerce accounted for approximately 14% of global retail sales, reflecting a 15% increase from 2017. Industry projections indicate that this share will rise to nearly 17% by 2021, fueled by the growing appeal of online shopping and the proliferation of e-commerce platforms.

Shifting consumer behaviors and expectations are reshaping the retail landscape. Modern customers prioritize fast, cost-effective shipping, creating logistical challenges for service providers. To address these demands, businesses are increasingly adopting on-demand logistics solutions. These services enable organizations to handle fluctuating shipping requirements, manage sudden bulk supply needs, and adapt to evolving customer preferences. Additionally, the pay-as-you-go model of on-demand logistics offers flexibility and cost efficiency. Service providers either operate their own fleets or partner with brokerage teams for vehicle access, delivering affordable and scalable solutions.

The numerous advantages of on-demand logistics are driving its adoption, fueling the global market's growth. The market is forecasted to expand from $9.1 billion in 2019 to $75.0 billion by 2030, with a robust CAGR of 21.1% during 2020-2030.

By vehicle type, the market is segmented into medium/heavy commercial vehicles (M/HCV) and light commercial vehicles (LCV). The M/HCV category is expected to witness faster growth due to its use by large enterprises for transporting heavier goods in bulk, thereby optimizing operational costs.

Regionally, Asia-Pacific (APAC) and North America will dominate the market, collectively holding over 80% of the share in the coming years, according to P&S Intelligence. APAC is poised to experience the fastest growth, driven by the expanding consumer base in populous countries like India and China.

In conclusion, the adoption of on-demand logistics services is set to accelerate worldwide, propelled by the increasing need for flexible, affordable, and efficient logistics solutions among e-commerce companies.