First and Last Mile Delivery Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The First and Last Mile Delivery by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The First and Last Mile Delivery Market:

https://www.thebusinessresearchcompany.com/report/first-and-last-mile-delivery-global-market-report

According to The Business Research Company’s First and Last Mile Delivery, 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.

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.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=9499&type=smp

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

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 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

.

.

.

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

Top Major Players:

 

• FedEx Corporation,
• DHL Global Forwarding,
• Cargo Carriers Limited,
• J&J Global Limited,
• United Parcel Services Inc.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany  

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model