Last-Mile Delivery Market Report Unveiled: Market Poised for Significant Growth as Urbanization and Retail Trends Transform Final Mile Logistics – By RationalStat

The global last mile delivery market is expected to reach US$ 137.4 billion by 2030, with an annual growth rate of more than 8.1%

| Source: Rationalstat LLC Rationalstat LLC

Wilmington, Delaware, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Global Last Mile Delivery Market is valued at US$ 79.9 billion in 2023 and is expected to grow at a significant CAGR of over 8.1% over the forecast period of 2023-2030, according to the published market report by RationalStat


Market Definition, Market Scope, and Report Overview

The rapid growth of the e-commerce sector is one of the primary drivers of the last mile delivery market. As more consumers opt for online shopping, the demand for efficient and timely last mile deliveries has surged. In addition, consumers increasingly expect faster and more convenient delivery options. The rise of on-demand services and the demand for same-day or next-day delivery have pushed companies to invest in improving their last mile logistics.

Integration of advanced technologies, such as route optimization algorithms, GPS tracking, and real-time analytics, has significantly enhanced the efficiency of last mile deliveries. Drones, autonomous vehicles, and other emerging technologies are also being explored to further streamline operations.

  • According to a deep-dive market assessment by RationalStat, the global last mile delivery market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the global last mile delivery market covers market sizes on the basis of market value (US$/EUR Million) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global last mile delivery market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Last Mile Delivery Market: Segmental and Market Share Analysis

  • On the basis of application, e commerce is anticipated to dominate the last mile delivery market.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 79.9 billion
Market Size Forecast US$ 137.4 billion
Growth Rate 8.1%
Key Market Drivers
  • E-commerce expansion
  • Changing consumer expectations
  • Advancements in technology
Companies Profiled
  • Power Link Expedite
  • USA Couriers
  • Geodis
  • United Parcel Service (UPS)
  • FedEx
  • YTO Express Group
  • Marble Robot
  • XPO Logistics, Inc.,
  • SF Express
  • BEST Inc

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global last mile delivery market include,

  • In October 2022, GEODIS acquired Need It Now Delivers. The acquisition aims at expanding the acquiring company’s presence in the US, in final mile delivery and contract logistics.
  • In May 2022, UPS completed the acquisition of Delivery Solutions. The acquisition enables the acquiring company to better cater to the needs of its customers as it delves deep into the e-commerce last mile delivery segment.

Some of the prominent players and suppliers operating and contributing significantly to the global last mile delivery market growth include Power Link Expedite, USA Couriers, Geodis, United Parcel Service (UPS), FedEx, YTO Express Group, Marble Robot, XPO Logistics, Inc.,SF Express, BEST Inc, among others.

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RationalStat has segmented the global last mile delivery market based on type, application and region

  • Global Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Type
    • Regular Delivery
    • Same-Day Delivery or Express Delivery
  • Global Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Application
    • E Commerce
    • Retail and FMCG
    • Healthcare
    • Others (Mails and Packages, etc.)
  • Global Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Region
    • North America Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • US
      • Canada
    • Latin America Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Last Mile Delivery Market Value (US$ Million), and Market Share (2019-2030) Analysis by Country
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Last Mile Delivery Report:

  • What will be the market value of the global last mile delivery market by 2030?
  • What is the market size of the global last mile delivery market?
  • What are the market drivers of the global last mile delivery market?
  • What are the key trends in the global last mile delivery market?
  • Which is the leading region in the global last mile delivery market?
  • What are the major companies operating in the global last mile delivery market?
  • What are the market shares by key segments in the global last mile delivery market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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