How has the First and Last Mile Delivery Market Performed and what are its Future Projections?
The first and last mile delivery market size has grown rapidly in recent years, escalating from $186.31 billion in 2024 to $205.17 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. This growth in the historic period can be attributed to factors like e-commerce boom, customer demand for speed and convenience, environmental concerns, investments in delivery infrastructure, and the rise of on-demand services.
Moving forward, the market is expected to see rapid growth, expanding to $306.21 billion in 2029 with a CAGR of 10.5%. This growth in the forecast period can be attributed to the integration of autonomous vehicles, expansion of same-day delivery services, customization of delivery options, increased collaboration in urban mobility, and the implementation of sustainable practices. Key trends that will dominate the forecast period include autonomous delivery vehicles, micro-fulfillment centers, the rise of electric and low-emission vehicles, integration of advanced route optimization, real-time visibility and tracking, and contactless delivery solutions.
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What are the Key Drivers Propelling the First and Last Mile Delivery Market?
The first and last mile delivery market is likely to be propelled by the rising e-commerce industry. E-commerce refers to the buying and selling of goods and services over an electronic network, primarily the internet. The first and last-mile delivery service acts as a conduit between the supplier and the end customer, facilitating both parties during a transaction. The rise in e-commerce will thus drive the market growth. For instance, reports published by the United States Census Bureau in November 2023 reveal that U.S. retail e-commerce sales amounted to $284.1 billion in the third quarter of 2023. This represents a 7.6% increase from the same period in 2022 and accounts for 15.6% of total sales.
What are the Key Segments Identified in the First and Last Mile Delivery Market?
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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Who are the Major Players Operation in the First and Last Mile Delivery Market?
Major companies operating in the first and last mile delivery market include FedEx Corporation, DHL Global Forwarding, Cargo Carriers Limited, United Parcel Services Inc., Concargo Private Limited, TNT Holdings B.V., Transtech Logistics Pvt Ltd., DB Schenker, Swift Transportation Company, Kerry Logistics Network Limited, KART, XPO Logistics, DSV A/S, J.B. Hunt Transport Inc., Agility, CEVA Logistics, STO Express, Dachser Group SE & Co. KG, The Toll Group, C.H. Robinson, China Post Group Corporation, Kuehne + Nagel International AG, GEODIS, Nippon Express Co. Ltd.
What are the Emerging Trends in the First and Last Mile Delivery Market?
Technological advancements are a key trend gaining momentum in the first- and last-mile delivery markets. Major operating companies are focused on formulating new technological solutions to consolidate their positions. For instance, in September 2022, Celcius Logistics Solutions Pvt Ltd, an India-based cold-chain marketplace, launched the Smart Last Mile Delivery Platform, integrating a tech-enabled inventory management system and IoT devices for real-time tracking, thus ensuring end-to-end product visibility.
Which Region Dominates the First and Last Mile Delivery Market?
Asia-Pacific was the largest region in the first and last mile delivery market in 2024. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The First and Last Mile Delivery Market Report 2025 Offer?
First and last-mile delivery refers to the transportation of goods from the factory to a distribution center and finally to the end customer. This aspect of the supply chain represents the beginning and end of the fulfillment process. The First and Last Mile Delivery Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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