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

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 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.