Overview and Scope
Last mile delivery refers to the final stage of the logistics process where goods are transported from a distribution center, warehouse, or retailer’s location to the end customer’s doorstep or preferred delivery location. This service is essential for ensuring that products reach customers in a timely, efficient, and satisfactory manner, meeting their expectations for convenience and reliability.
Sizing and Forecast
The last mile delivery market size has grown rapidly in recent years. It will grow from $159.43 billion in 2023 to $178.92 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to e-commerce growth, the shift to same-day delivery, investment in delivery infrastructure, environmental concerns, and regulatory changes.
The last mile delivery market size is expected to see rapid growth in the next few years. It will grow to $288.00 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to advancements in autonomous delivery, demand for sustainable delivery solutions, last-mile analytics, and expansion of urban logistics solutions. Major trends in the forecast period include on-demand delivery, contactless delivery options, expansion of urban logistics solutions, last-mile automation, and data analytics and route optimization.
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Segmentation & Regional Insights
The last mile delivery market covered in this report is segmented –
1) By Delivery Mode: Regular Delivery, Same-Day Delivery or Express Delivery
2) By Technology: Autonomous, Non-autonomous
3) By Service Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)
4) By Destination: Domestic, International
5) By Application: Food And Beverages, Retail And E-commerce, Healthcare, Other Applications
Top 5 Major Players:
North America was the largest region in the last mile delivery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 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
The rapid growth of e-commerce is expected to propel the growth of the last mile delivery market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the Internet or other electronic networks. The ongoing expansion of e-commerce adoption is due to several factors, including the combination of technological innovation, changing consumer behaviors, and evolving business models worldwide. Last mile delivery in e-commerce is used to ensure efficient, timely, and cost-effective delivery of products to customers’ doorsteps, marking the final leg of the delivery process. It plays a vital role in the success of e-commerce businesses by enhancing customer satisfaction and fostering brand loyalty. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the United States surged to approximately $1,118.7 billion in 2023, marking a 7.6% increase compared to the preceding year. Therefore, the rapid growth of e-commerce is driving the growth of the last mile delivery market.
Key Industry Players
Major companies operating in the last mile delivery market are Amazon.com Inc., United Parcel Service Inc., DHL International GmbH, FedEx Corporation, La Poste Group, SF Holding Co. Ltd., Uber Technologies Inc., DB Schenker, Poste Italiane S.p.A., DPD Group, DSV Panalpina AS, Royal Mail plc, Yamato Holdings Co. Ltd., Australia Post, DoorDash Inc., XPO Logistics Inc., Grubhub Inc., Deliveroo, Aramex PJSC, Zomato Pvt. Ltd., Postmates Inc., Correios, TNT Holdings B.V., Gopuff, Deliv Inc.
The last mile delivery market report table of contents includes:
1. Executive Summary
2. Last Mile Delivery Market Characteristics
3. Last Mile Delivery Market Trends And Strategies
4. Last Mile Delivery Market – Macro Economic Scenario
5. Global Last Mile Delivery Market Size and Growth
….
32. Global Last Mile Delivery Market Competitive Benchmarking
33. Global Last Mile Delivery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Last Mile Delivery Market
35. Last Mile Delivery Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Last Mile Delivery Market, Segmentation By Delivery Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Last Mile Delivery Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Last Mile Delivery Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 76: Amazon.com Inc. Financial Performance
Table 77: United Parcel Service Inc. Financial Performance
Table 78: DHL International GmbH Financial Performance
Table 79: FedEx Corporation Financial Performance
Table 80: La Poste Group Financial Performance
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