An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Last Mile Delivery Market” has been showcased on Report Ocean.
The “Global Last Mile Delivery Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Last Mile Delivery Market.
Global Last Mile Delivery Market is valued approximately USD 131.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.13% over the forecast period 2022-2029.
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Last Mile Delivery also known as last mile logistics refers to the shipment of goods from a distribution hub to the final delivery location. Last mile Delivery focuses on delivering the items to the customers as quickly as possible. The Last Mile Delivery is very essential as it causes significant cost to the company to deliver goods from hub to the end user. The increasing expansion of e-commerce industry and growing technological advancements in delivery vehicles as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The rapid expansion of global e-commerce sector is the leading factor contributing to the growth of the Global Last Mile Delivery Market. For instance, according to Statista – In 2021, globally retail e-commerce sales were estimated at USD 5.2 trillion, and the number is projected to grow to USD 8.1 trillion by 2026. Moreover, developing countries are witnessing rapid expansion of e-commerce sector due to rising urbanization and increasing number of smartphone users. For instance – according to India Brand Equity Foundation (IBEF) – as of 2022, the Indian ecommerce market is estimated at USD 74.8 billion, and as per projections India’s e-commerce market is projected to grow to USD 350 billion by 2030. Also, increasing investment in multi-modal logistics infrastructure and growing emergence of B2C distribution channels would create lucrative growth prospectus for the market over the forecast period. However, higher cost associated with Last Mile Delivery stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Last Mile Delivery Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share due to factors such as rising technological advancements in last mile delivery as well as availability of required technological infrastructure in the region. Whereas Asia Pacific is estimated as the fastest growing region during the forecast period, owing to factors such as rising penetration of e-commerce services in tier 3 and 4 cities as well as rapid urbanization in the region.
Major market players included in this report are:
- CEVA Logistics AG
- DB Schenker (Deutsche Bahn AG)
- DHL (Deutsche Post AG)
- DSV A/S
- FedEex Corporation
- GEODIS
- KUEHNE + NAGEL International AG
- Nippon Express Co., Ltd.
- XPO Logistics, Inc.
- United Parcel Service, Inc.
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Recent Developments in the Market:
In January 2021, India based Mahindra Logistics launched is new cargo last-mile delivery service under the brand name ‘EDel’. This new service is intended for customers from E-Commerce, FMCG and other markets.
In August 2021, Walmart rolled out a new delivery service business called Walmart GoLocal. This new service would enable other merchants, both large and small, to tap into Walmart’s own delivery platform to get orders to their customers. Merchants Would be free to choose service for a variety of delivery types, such as scheduled and unscheduled deliveries, including same-day delivery.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Technology, Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Technology
Drones
Autonomous Ground Vehicles
Droids
Others
By Type
B2B
B2C
By Application
3C Products
Fresh Products
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Last Mile Delivery market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Last Mile Delivery market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Last Mile Delivery market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Last Mile Delivery market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Last Mile Delivery market. It encapsulates indispensable insights extracted from the Last Mile Delivery Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Last Mile Delivery market, including:
Our most recent research report showcases the thriving expansion of the global Last Mile Delivery Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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