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In 2022, the worldwide market was estimated to be worth $ 191.8 billion. From 2023 to 2030, it is predicted to increase at a CAGR of 4.8%, ultimately reaching US$ 291.9 Bn.
The term "last mile delivery transportation" is used to describe the final leg of the delivery process, during which items are brought from a distribution centre or retailer's location to the doorstep of the end consumer. The 'last mile,' the final segment of the supply chain, is so-called because it is the shortest in distance but typically the most difficult to execute due to its high cost and logistical complexity. Postal services, courier services, and local delivery services have historically been responsible for "the last mile." However, as e-commerce has expanded and consumers have come to expect faster and more convenient deliveries, new transportation techniques and technologies have emerged to streamline this part of the process. As a result, the prediction calls for a gradual but consistent increase in the value of the worldwide last mile delivery transportation sector.
The growth of the market for last-mile delivery transportation can also be attributed to the worldwide increase in urbanisation and city population density. In places with a large concentration of consumers, there is a greater need for fast and customised delivery services. The expansion of on-demand services, such groceries and food delivery, has been a major factor in the market's recent success. Last-mile delivery services are in high demand since these businesses rely on timely customer service.
The growing popularity of buying online has increased shoppers' expectations for prompt and reliable product delivery. The ability to shop from any location and the widespread use of digital platforms have both contributed to the explosive expansion of e-commerce over the past decade. As a result, reliable last-mile transit options have become increasingly important.
The effects of last-mile delivery on the environment are of growing importance. More delivery cars on the road means more pollution and traffic congestion as e-commerce grows. To solve these issues, businesses are looking towards eco-friendlier delivery methods including electric trucks, bicycle couriers, and more. Therefore, sustainable last mile delivery options are growing in popularity as both consumers and businesses recognise the need of protecting the environment. The revenue of the transportation market for the final mile of delivery is projected to increase as a result of this trend.
Because there are more people living in metropolitan areas, businesses that provide delivery services can reach more people in a given area. As a result, businesses can save money and effort by making several deliveries in a small amount of time or distance. Using technology and optimising routes, delivery services can increase output and decrease overhead.
Online shopping has made consumers increasingly impatient for their purchases to arrive. Demand in the last mile delivery transportation business has been increasing as customers have come to expect same-day or next-day deliveries. Investment in new delivery vehicles has increased at many companies. To keep up with the demand, they are hiring additional delivery people and implementing new technology like autonomous trucks and drones.
Report Coverage
Global Last Mile Delivery Transportation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Last Mile Delivery Transportation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Last Mile Delivery Transportation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Last Mile Delivery Transportation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Last Mile Delivery Transportation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Last Mile Delivery Transportation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DHL Global Forwarding, 5PI Logistics Solutions, Amazon, CJ Logistics Corporation, Darkstore, DB SCHENKER, FedEx Corporation, J&J Global Limited, Uber, Instacart, Doordash, Hitch, KART, Kerry Logistics Network Limited, Kintetsu World Express, KUEHNE + NAGEL, Logistics Plus, Nippon Express Co., Ltd., Cargo Carriers Limited, Postmates, Shiphawk, Swift Transport, United Parcel Service Inc., USPS, XPO Logistics, Inc., Walmart, Onfleet, Nuro, Starship Technologies, Matternet, and PiggyBee.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Last Mile Delivery Transportation market based on the below-mentioned segments:
Global Last Mile Delivery Transportation Market, By Vehicle Type
Cargo Bike
Two Wheeler Vehicle
Drone
Robot
AGV
Van
Light Duty Vehicle
Medium & Heavy Duty Vehicle
Global Last Mile Delivery Transportation market, By Solution
Real Time Tracking
Automated Planning & Optimization
Electronic Proof of Delivery
Dynamic Re-routing
Hardware Agnostic Platform
Real Time ETA Calculation
Interactive Planning Dashboard
Delivery Route Planning Visualization
Others
Global Last Mile Delivery Transportation Market, By End User
Food Delivery
FMCG Products Delivery
Health Products Delivery
Postal Delivery
Automotive Products Delivery
Electronic Products Delivery
Apparel Industry
Other E-commerce Products Delivery
Others
Global Last Mile Delivery Transportation market, Regional Analysis
The term "last mile delivery transportation" is used to describe the final leg of the delivery process, during which items are brought from a distribution centre or retailer's location to the doorstep of the end consumer. The 'last mile,' the final segment of the supply chain, is so-called because it is the shortest in distance but typically the most difficult to execute due to its high cost and logistical complexity. Postal services, courier services, and local delivery services have historically been responsible for "the last mile." However, as e-commerce has expanded and consumers have come to expect faster and more convenient deliveries, new transportation techniques and technologies have emerged to streamline this part of the process. As a result, the prediction calls for a gradual but consistent increase in the value of the worldwide last mile delivery transportation sector.
The growth of the market for last-mile delivery transportation can also be attributed to the worldwide increase in urbanisation and city population density. In places with a large concentration of consumers, there is a greater need for fast and customised delivery services. The expansion of on-demand services, such groceries and food delivery, has been a major factor in the market's recent success. Last-mile delivery services are in high demand since these businesses rely on timely customer service.
The growing popularity of buying online has increased shoppers' expectations for prompt and reliable product delivery. The ability to shop from any location and the widespread use of digital platforms have both contributed to the explosive expansion of e-commerce over the past decade. As a result, reliable last-mile transit options have become increasingly important.
The effects of last-mile delivery on the environment are of growing importance. More delivery cars on the road means more pollution and traffic congestion as e-commerce grows. To solve these issues, businesses are looking towards eco-friendlier delivery methods including electric trucks, bicycle couriers, and more. Therefore, sustainable last mile delivery options are growing in popularity as both consumers and businesses recognise the need of protecting the environment. The revenue of the transportation market for the final mile of delivery is projected to increase as a result of this trend.
Because there are more people living in metropolitan areas, businesses that provide delivery services can reach more people in a given area. As a result, businesses can save money and effort by making several deliveries in a small amount of time or distance. Using technology and optimising routes, delivery services can increase output and decrease overhead.
Online shopping has made consumers increasingly impatient for their purchases to arrive. Demand in the last mile delivery transportation business has been increasing as customers have come to expect same-day or next-day deliveries. Investment in new delivery vehicles has increased at many companies. To keep up with the demand, they are hiring additional delivery people and implementing new technology like autonomous trucks and drones.
Report Coverage
Global Last Mile Delivery Transportation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Last Mile Delivery Transportation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Last Mile Delivery Transportation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Last Mile Delivery Transportation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DHL Global Forwarding, 5PI Logistics Solutions, Amazon, CJ Logistics Corporation, Darkstore, DB SCHENKER, FedEx Corporation, J&J Global Limited, Uber, Instacart, Doordash, Hitch, KART, Kerry Logistics Network Limited, Kintetsu World Express, KUEHNE + NAGEL, Logistics Plus, Nippon Express Co., Ltd., Cargo Carriers Limited, Postmates, Shiphawk, Swift Transport, United Parcel Service Inc., USPS, XPO Logistics, Inc., Walmart, Onfleet, Nuro, Starship Technologies, Matternet, and PiggyBee. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Last Mile Delivery Transportation Market from 2021 to 2030.
- Market Forecast for Last Mile Delivery Transportation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Last Mile Delivery Transportation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Last Mile Delivery Transportation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Last Mile Delivery Transportation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Last Mile Delivery Transportation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DHL Global Forwarding, 5PI Logistics Solutions, Amazon, CJ Logistics Corporation, Darkstore, DB SCHENKER, FedEx Corporation, J&J Global Limited, Uber, Instacart, Doordash, Hitch, KART, Kerry Logistics Network Limited, Kintetsu World Express, KUEHNE + NAGEL, Logistics Plus, Nippon Express Co., Ltd., Cargo Carriers Limited, Postmates, Shiphawk, Swift Transport, United Parcel Service Inc., USPS, XPO Logistics, Inc., Walmart, Onfleet, Nuro, Starship Technologies, Matternet, and PiggyBee.
Primary Target Market
- Market Players of Last Mile Delivery Transportation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Last Mile Delivery Transportation market based on the below-mentioned segments:
Global Last Mile Delivery Transportation Market, By Vehicle Type
Cargo Bike
Two Wheeler Vehicle
Drone
Robot
AGV
Van
Light Duty Vehicle
Medium & Heavy Duty Vehicle
Global Last Mile Delivery Transportation market, By Solution
Real Time Tracking
Automated Planning & Optimization
Electronic Proof of Delivery
Dynamic Re-routing
Hardware Agnostic Platform
Real Time ETA Calculation
Interactive Planning Dashboard
Delivery Route Planning Visualization
Others
Global Last Mile Delivery Transportation Market, By End User
Food Delivery
FMCG Products Delivery
Health Products Delivery
Postal Delivery
Automotive Products Delivery
Electronic Products Delivery
Apparel Industry
Other E-commerce Products Delivery
Others
Global Last Mile Delivery Transportation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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