Market Snapshot:
Last-mile delivery is the final step in the delivery process when a package is sent from a transportation hub to its final destination, which is commonly a person's home or a retail business. This is the most important step in the delivery process, and firms want to make sure everything goes as smoothly as possible. This is to meet the growing need for fast shipping among consumers, particularly in the e-commerce, food, and retail industries. It's also the most expensive part of the journey that commodities take to get to their final destination. Retailers, e-commerce providers, 3PLs, and manufacturers, among others, can use last-mile delivery solutions to orchestrate, optimize, and improve end-to-end logistics processes in order to accomplish on-time delivery. Logistics businesses that succeed at perfecting the last mile make use of their entire arsenal to maximize efficiency. Technology combined with analytics can optimize your delivery process, whether it's real-time driver tracking, communication, dispatch planning, or an effective fleet management application.
Highlights from Last Mile Delivery Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Largest Market Growth Rate | 40.12% |
Forecast Value (2030) | USD 33421.26 Million |
Unit | Value (USD Million) |
CAGR | 16.71% |
The key Manufacturers profiled in the report are Deutsche Post DHL Group (Germany), FedEx Corporation (United States), Kuehne + Nagel International AG (Switzerland), United Parcel Service (United States), XPO Logistics, Inc. (United States), C.H. Robinson (United States), Uber Technologies Inc. (United States), USPS (United States), DPD (France) and Clipper Logistics plc (United Kingdom). Additionally, other players that are part of this comprehensive study are Gophr (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Last Mile Delivery market presents a comprehensive analysis of the Last Mile Delivery market by product type (B2C and B2B), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Last Mile Delivery industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Last Mile Delivery market, the Europe has emerged as a crucial market for several Last Mile Delivery brands.
Analyst at AMA have segmented the market study of Global Last Mile Delivery market by Type, Application and Region.
Influencing Trend:
Enabling Order Traceability and Contactless Delivery
Market Growth Drivers:
Gig Economy and Crowdsourcing and Rapid Order Fulfilment
Challenges:
High Delivery Costs
Restraints:
Lack of Visibility
Opportunities:
Smart Technology and Deliveries Through Autonomous Delivery’s and Drones
Market Developments Activities:
On June 2021, FedEx Corp. and Nuro announce a multi-year, multi-phase agreement to test Nuro’s next-generation autonomous delivery vehicle within FedEx operations. The collaboration between FedEx and Nuro launched in April with a pilot program across the Houston area. The Nuro pilot is the latest addition to the FedEx portfolio of autonomous same-day and specialty delivery devices.
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.
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Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others