What is the global market size of Last Mile Delivery Market?

Global Last Mile Delivery Market size was valued at USD 131.5 billion in 2021 and is poised to grow from USD 142.1 billion in 2022 to USD 288.9 billion by 2030, growing at a CAGR of 8.13% in the forecast period (2023-2030).

Who are the key vendors in the Global Last Mile Delivery Market?

The competition in the market is at an all-time high due to the last mile delivery market's growing pace. By providing the most effective and efficient delivery services, the major competitors on the market fight for the highest loyalty of consumers. 'Amazon', 'FedEx', 'United Parcel Service (UPS)', 'DHL', 'Uber Eats', 'Postmates', 'Instacart', 'Grubhub', 'Deliveroo', 'Doordash', 'Glovo', 'Just Eat', 'Swiggy', 'Zomato', 'C.H. Robinson Worldwide', 'Hermes Group', 'Yamato Holdings', 'XPO Logistics', 'Nippon Express', 'DPDgroup'

What is the key driver of Global Last Mile Delivery Market?

Online shopping portals have grown significantly in the last few years as a result of interest of the public in how it all works. Later, upon becoming used to the online shopping model through numerous online portals and e-Commerce platforms, consumers expressed reluctance when it came to receiving their purchased goods. Before, it was anticipated that a product ordered online would take at least 7-8 working days to arrive. Yet over time, e-Commerce platforms enhanced the concept of online purchasing and, in some cases, got the estimated delivery time as close to same-day delivery.

What is the key market trend for Global Last Mile Delivery Market?

The demand for parcel delivery has grown as a result of the astonishing increase in internet and e-commerce sales in developing countries. This aspect might spur the market for last-mile deliveries to expand. In addition, the omnichannel supply chains are boosting the logistics and transportation industries' business, which might help the last-mile delivery market grow. Recurrent purchases have increased as a result of the rising trend of subscription-based services. The market may soon grow more quickly as a result of these factors. One of the key market factors that has attracted consumers' attention is same-day delivery.

Which region accounted for the largest share in Global Last Mile Delivery Market?

The Asia-Pacific region is growing at the fastest rate in the global market, with a large market share during the projection period. APAC is one of those high-performing regions for the advancement of the e-Commerce business since major players like India, China, and Japan currently operate at the highest level of technology and deliverables. According to reports, China and India are the countries with the greatest concentration of manufacturing facilities and the greatest demand for delivery services in the APAC area. In 2021, the Asia-Pacific region accounted for over 64.3% of all e-Commerce expenditure.

Last Mile Delivery Market Size, Share, Growth Analysis, By Type(B2B, B2C, and C2C), By Technology(Autonomous and Non-autonomous), By Application(Food & Beverages, Retail & E-Commerce, Healthcare and Others), By Delivery Time(Regular Delivery, and Same Day Delivery), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20Y2005 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 120 | Figures: 77

Last Mile Delivery Market News

In March 2024, Yango launched their autonomous last mile delivery. The solution uses cutting-edge AI and advanced robotics.
In February 2024, Starship Technologies acquired USD 90 Million in Funding, led by Plural and Iconical. The objective of the funds was to boost the expansion of efforts to meet increasing demand for home deliveries.
In December 2023, Cenntro Electric Growup Limited, delivered more than 250 autonomous vehicles to Zelos Technology Co., Ltd.

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Global Last Mile Delivery Market size was valued at USD 132.62 Billion in 2022 and is poised to grow from USD 144 Billion in 2023 to USD 276.36 Billion by 2031, growing at a CAGR of 8.5 % in the forecast period (2024-2031).

The last-mile delivery market has a dynamic and intense competitive structure, with several market players providing a wide range of delivery solutions. They fulfil the rising demand of consumers and businesses. This consists of prominent logistics providers, e-commerce leaders, advanced startups, and technology organizations. Many companies are also increasing their market presence by implementing various developmental strategies like product launches and mergers & acquisitions. Moreover, businesses are constantly introducing new features to improve customer experience and increasing the competition in last-mile delivery. 'Amazon Logistics (US) ', 'DHL Express (Germany) ', 'FedEx (US) ', 'UPS (US) ', 'United States Postal Service (USPS) (US) ', 'China Post (China) ', 'JD Logistics (China) ', 'Alibaba Cainiao (China) ', 'XPO Logistics (US) ', 'DPD Group (France) ', 'SF Express (China) ', 'Delhivery (India) ', 'Uber (Postmates) (US) ', 'Instacart (US) ', 'Hermes (Germany) ', 'Blue Dart (India) ', 'Yodel (UK) ', 'Gojek (Indonesia) ', 'Grab (Singapore) ', 'Lalamove (Hong Kong) ', 'DoorDash (US) ', 'ZTO Express (China)'

The emphasis is increasing on providing services to specific end-user segments is one of the main drivers shaping the market growth. Many logistics service organizations have started operating new logistics supply model for the medical and pharmaceutical industry due to the rising difficulties in the healthcare sector. These consist of growing expenses of medical devices due to increasing population and chronic ailments. This type of delivery minimizes the requirement to actively maintain and operate a large stock of medical devices. All vital devices are offered on a last-mile delivery and same-day delivery basis. This supply chain model is already being used by many medical device companies and will boost market growth.

Increasing Demand for Quick Delivery: The growing customer demand for quick deliveries is immensely forming the structure of last mile delivery services. Nowadays, customers want quick and efficient delivery choices that meet their requirements. Due to this companies are encouraged to offer speedy delivery services for satisfying the shifting needs and quick deliveries for customers. Furthemore, the compannies who can efficiently offer quick delivery services without raising expenses will be in a better position in the market.

North America is leading the last mile delivery market. This is mainly due to the region’s dominance in the evolving logistics settings. Lately, North America is witnessing a massive surge in e-commerce activities due to the rising number of people favoring online shopping. This is because it is convenient, and people get to see more varieties of products. This has augmented the demand for last-mile delivery services in the region, propelling the growth of the market. Furthermore, the region’s robust technological structure is also contributing to the growth of the last-mile delivery services. The adoption of innovative logistics technologies like real-time monitoring system, route optimization, and automated delivery solutions improved the efficiency of last mile operations. The combination of these factors is driving the last mile delivery market in the region.

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What is the global market size of Last Mile Delivery Market?

Who are the key vendors in the Last Mile Delivery Market?

What is the key driver of Last Mile Delivery Market?

What is the key market trend for Last Mile Delivery Market?

Which region accounted for the largest share in Last Mile Delivery Market?

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