Global Last Mile Delivery Market

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 2025-2032


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

Last Mile Delivery Market Insights

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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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 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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Global Last Mile Delivery Market

Report ID: SQMIG20Y2005

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