Report ID: SQMIG20Y2005
Report ID:
SQMIG20Y2005 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
120 |
Figures:
77
Last Mile Delivery Market size was valued at USD 144 Billion in 2023 and is poised to grow from USD 156.24 Billion in 2024 to USD 299.85 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
The demand for last mile delivery is increasing rapidly mainly due to the increasing consumer expectations for same-day or next-day deliveries. The increasing popularity of real-time tracking and visibility, and emergence of on-demand services are also propelling the growth of the market. Last mile delivery refers to the last stage of the logistics procedure, that involves transporting goods from a distribution center or local hub to the destination, frequently at the consumer’s doorstep or a retail store. This last stage is extremely significant as it represents the last communicating point with the customer and has a huge impact on the overall customer experience and satisfaction. Lately, the popularity of the market has massively increased owing to a surge in e-commerce and the rising demand for rapid and dependable services. Furthermore, businesses, retailers, and logistics organizations are investing in smoothening their last mile delivery to make sure they provide punctual and efficient deliveries. This has also given rise to many innovative methods and advanced technologies, progressing the market. These factors are propelling the growth of the last-mile delivery market.
US Last Mile Delivery Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20Y2005