The first and last mile delivery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
First and Last Mile Delivery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The first and last mile delivery market size has grown rapidly in recent years. It will grow from $171.4 billion in 2023 to $189.56 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to e-commerce boom, consumer demand for speed and convenience, environmental concerns, investments in delivery infrastructure, rise of on-demand services.
The first and last mile delivery market size is expected to see rapid growth in the next few years. It will grow to $278.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to integration of autonomous vehicles, expansion of same-day delivery services, customization of delivery options, increased collaboration in urban mobility, implementation of sustainable practices. Major trends in the forecast period include autonomous delivery vehicles, micro-fulfillment centers, rise of electric and low-emission vehicles, integration of advanced route optimization, real-time visibility and tracking, contactless delivery solutions.
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Scope Of First and Last Mile Delivery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
First and Last Mile Delivery Market Overview
Market Drivers –
Rising e-commerce is expected to propel the first-and last-mile delivery markets going forward. E-commerce refers to the buying and selling of goods and services, over an electronic network, most commonly the internet. The first-and last-mile delivery service is a conduit between the supplier and the end customer, where it helps both party during a transaction. The rise in e-commerce will drive the first-and last-mile delivery market growth. For instance, according to Forbes, an American business magazine, in the US, e-commerce sales reached $870 billion in 2021, up 50.5% from the previous year and 14.2% from 2020. In the US, e-commerce accounted for 13.2% of retail sales in 2021. Furthermore, In June 2022, an article published by Morgan Stanley, US-based investment management and financial services company, states that global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021, accounting for approximately 22% of total sales. Therefore, the rising e-commerce is driving the first and last-mile delivery market.
Market Trends –
Technological advancements are a key trend gaining popularity in the first- and last-mile delivery markets. Major companies operating in the first- and last-mile delivery markets are focused on developing new technological solutions to strengthen their positions. For instance, in July 2021, LogiNext, a US-based technology firm that provides a SaaS-based delivery automation platform launched the integrated last-mile delivery platform MILE. It is uniquely designed with an interconnected ecosystem of web applications and mobile apps, ensuring a seamless last-mile delivery experience. The portal collects all orders, and then the AI-powered route planner generates trips for drivers on their LogiNext driver’s app. It is a plug-and-play product that allows enterprises to go live instantly to automate delivery management.
The first and last mile delivery market covered in this report is segmented –
1) By Type: Dry Goods, Postal, Liquid Goods
2) By Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle
3) By End Use: Chemical, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Hi Tech Product, Food And Beverage, Other End Uses
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Regional Insights –
Asia-Pacific was the largest region in the first and last mile delivery market in 2023. The regions covered in the first and last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the first and last mile delivery market report are FedEx Corporation, DHL Global Forwarding, Cargo Carriers Limited, J&J Global Limited, United Parcel Services Inc., Concargo Private Limited, Interlogix Pty Ltd., Tuma Transport AS, TNT Holdings B.V., Transtech Logistics Pvt Ltd., DB Schenker, Swift Transportation Company, Kerry Logistics Network Limited, KART, Procet Freight Forwarders Ltd., XPO Logistics, DSV A/S, J.B. Hunt Transport Inc., Panalpina World Transport Pte Ltd., Agility, CEVA Logistics, STO Express, Hitachi Ltd., Dachser Group SE & Co. KG, The Toll Group, C.H. Robinson, China Post Group Corporation, Kuehne + Nagel International AG, GEODIS, Nippon Express Co. Ltd. .
Table of Contents
1. Executive Summary
2. First and Last Mile Delivery Market Report Structure
3. First and Last Mile Delivery Market Trends And Strategies
4. First and Last Mile Delivery Market – Macro Economic Scenario
5. First and Last Mile Delivery Market Size And Growth
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27. First and Last Mile Delivery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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