About First and Last Mile Delivery
The first and last mile of product distribution is very important to any retailer. The first mile refers to the movement of product from a retailer to a courier service or to anyone who will take these products to their final users. And the last mile refers to this final movement of products to their end users.
Attributes | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Unit | Value (USD Million) |
First and Last Mile Delivery is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States, South African Vendors will contribute the maximum growth to Global First and Last Mile Delivery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargo Carriers (South Africa), FedEx Corporation (United States), United Parcel Service (United States), Tuma Transport (South Africa), Swift Transport (United States), Transtech Logistics (South Africa), Procet Freight (South Africa), Concargo Private (South Africa), J&J Global (United States) and DB SCHENKER (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are XPO Logistics (United States), DHL Global Forwarding (Switzerland), TNT Express (Netherlands) and Kerry Logistics Network (China).
Segmentation Overview
AMA Research has segmented the market of Global First and Last Mile Delivery market by Type (Dry Goods, Postal and Liquid Goods), Application (Chemical, Pharmaceutical and Healthcare, FMCG, Hi-tech Product Industry and Food and Beverage) and Region.
On the basis of geography, the market of First and Last Mile Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Vehicle Type, the sub-segment i.e. Light Duty Vehicle will boost the First and Last Mile Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Smart technology and sensors and Omni-channel ecosystem
Market Growth Drivers:
Increase In Population Across The Globe, Economic Expansion In Developing And Developed Countries, Rapid Expansion In Transport Facilities, Due To Advancements In Technology and Rising Penetration Of Smartphones And Access To Speedy Internet Services
Restraints:
Poor Infrastructure in Developing Countries
Opportunities:
Delivery by self-driving cars, drones and robots, Latest Technological Advancements and Emerging Demand From Economies
Market Leaders and their expansionary development strategies
In January 2023, Ivanhoé Cambridge, a global real estate leader, announced the acquisition of its first last-mile logistics facility in Munich, Germany, with his partner URBZ Capital, an investment and asset management boutique.
In Feb. 2019, FedEx Corp. has announced a improvement in brand-new distribution solutions to meet the promptly changing needs of consumers, the FedEx SameDay Bot, an autonomous delivery device designed to assist retailers make same-day and last-mile deliveries to their customers.
Key Target Audience
First & Last Mile Delivery Service Providers, Technology Investors, Regulatory Bodies, Government Bodies, Downstream Vendors and Industry Association
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.