Overview and Scope
First-and last-mile delivery refers to the transportation of completed goods from the factory to a distribution center and an end customer. It is the supply chain that signifies the beginning and end of the fulfillment process. They are used for the transportation of goods.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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. .
The first and last mile delivery market report table of contents includes:
1. Executive Summary
2. First and Last Mile Delivery Market Characteristics
3. First and Last Mile Delivery Market Trends And Strategies
4. First and Last Mile Delivery Market – Macro Economic Scenario
5. Global First and Last Mile Delivery Market Size and Growth
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31. Global First and Last Mile Delivery Market Competitive Benchmarking
32. Global First and Last Mile Delivery Market Competitive Dashboard
33. Key Mergers And Acquisitions In The First and Last Mile Delivery Market
34. First and Last Mile Delivery Market Future Outlook and Potential Analysis
35. Appendix
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