The First and Last Mile Delivery Global Market Report 2023, provides comprehensive information on the first and last mile delivery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s First and Last Mile Delivery Global Market Report 2023, the global first and last mile delivery market size is expected to grow from $155.79 billion in 2022 to $172.70 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global first and last mile delivery market size is expected to reach $250.77 billion in 2027 at a CAGR of 9.8%.
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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 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 2022.
The table of contents in TBRC’s first and last mile delivery market report includes:
- Executive Summary
- First and Last Mile Delivery Market Characteristics
- First and Last Mile Delivery Market Trends And Strategies
- First and Last Mile Delivery Market – Macro Economic Scenario
- First and Last Mile Delivery Market Size And Growth
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- Africa First and Last Mile Delivery Market
- First and Last Mile Delivery Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The First and Last Mile Delivery Market
- First and Last Mile Delivery Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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