The article cited AMA's "Global Last Mile Delivery Market Study" explored substantial growth in North America and CAGR of 16.71%. According to the report, Enabling Order Traceability
is one of the primary growth factors for the market. Gig Economy and Crowdsourcing
is also expected to contribute significantly to the Last Mile Delivery market. Overall, applications of Last Mile Delivery, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Verticals, such as E-commerce, is boosting the Last Mile Delivery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Delivery, such as Deferred Delivery, is boosting the Last Mile Delivery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Last Mile Delivery market identified that the demand is rising in many different parts of the world as "Smart Technology
". Furthermore, some recent industry insights like "In April 2021, DHL Express takes another step in its Zero Emissions strategy. The company announced its partnership with Fiat Professional, purchasing the first 100 units of Fiat’s new E-Ducato. With a range of more than 200 km, the E-Ducato is very well suited for last-mile logistics. In line with the recently launched Sustainability Roadmap of DPDHL Group, DHL Express plans to have more than 14,000 electric vans in operation in Europe by 2030 to reduce their carbon emissions." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Last Mile Delivery market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Last Mile Delivery market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Last Mile Delivery market size is calculated using market estimation process, the Last Mile Delivery market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Last Mile Delivery market size has been validated using both top-down and bottom-up approaches.