New York, United States, July 19, 2022 (GLOBE NEWSWIRE) -- Last mile delivery is a process or service that provides faster, easier, and smooth shipping of products right to the customer. The last mile delivery facility is provided by various industries or companies, through which they deliver the product right from the distribution center or the company outlet directly to the customer’s place in a stipulated amount of time.
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Consumers Reliance on the Faster and Easier Mode of Shipment Creates a Wide Range of Opportunities in the Global Last Mile Delivery Market
With the evolution of new technologies that perform better and faster, consumers’ expectations have gone up. Nowadays, consumers seek same-day delivery, for which they used to wait for 4-5 days. This rise in the consumers' expectations has given a ray of hope for growth and improvement in the global last mile delivery market. Many leading retailers have been able to match the growing demands for delivering and fulfilling their consumer’s demand.
Amazon is one of the global leaders in the e-Commerce space, has tried on global shipments, and attracted more customers with their smart and efficient international delivery. Amazon and such key players in the industry have opened new doors for emerging players to attract consumers by offering time-bounded delivery options and growing in the global last mile delivery market.
Many leading e-Commerce companies establish e-Commerce fulfillment networks to offer their consumers new and exciting shipping offers with hassle-free returns and exchange policies. Even some key retailers in the global market are trying to upgrade logistics infrastructure to match their consumer’s expectations and deliver quickly within a stipulated time frame. Major key players in the global last mile delivery market are innovating on their logistics and inventories to reduce their shipping costs and serve their end consumers with better service.
| Report Metric | Details |
| Market Size | USD 123 Billion by 2030 |
| CAGR | 13.21% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Industry Type, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Walmart Inc, Ryder System Inc, Target Corporation, Amazon Inc, Seko Logistics, XPO Logistics |
| Key Market Opportunities | Consumers' Reliance on Faster and Easier Modes of Shipment Delivery Creates Wide Opportunities in the Global Market |
| Key Market Drivers | Growing Popularity of e-Commerce platforms Enhancing Delivery Services Door To Door Delivery Options Boosting Last Mile Delivery Market |
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Impact of Covid-19 on the Global Last Mile Delivery Market
The global last mile delivery market has seen noteworthy growth in the revenue generated with a sudden rise in delivery services during the pandemic. The Covid-19 outbreak proved to be a business booster for the global last mile delivery market, as only the delivery services were in action during the entire lockdown measures. However, the imposed lockdown created a disruption in the global supply chain, which narrowed down the merchandise trade growth in logistics industry.
The growth of the e-Commerce industry has led the delivery services market to new heights even in the most difficult times when people were house arrested by force. According to reports, the e-Commerce sector has achieved growth of about 30% in the first and second quadrant of the year 2020. The only positive thing the covid-19 pandemic did was to the e-Commerce industry as they generated a lot of revenue through the online selling portals and gained the trust of the consumers by delivering their goods safely to their doorstep.
Key Highlights –
- The global last mile delivery market is growing with a whopping sales figure of USD 1,32,159.3 million in 2030 at a CAGR of 13.2% from USD 43,29.2 million in 2021.
- With the emergence of the e-Commerce industry, the delivery services has also evolved at lot with new smart technological developments to track the entire process.
- According to reports, the e-Commerce sector has played the major role in making the global last mile delivery market a big one with an expected valuation of about USD 1,32,159.3 million by 2030.
- The global last mile delivery market is segmented across five regions: North America, Europe, South America, Asia-Pacific (APAC), and Middle-East & Africa.
- The Asia-Pacific region leads the market share at USD 15953 million in 2021 and is expected to reach USD 53539.78 million at a CAGR of 14.4% by 2030.
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List of Key Players
- Walmart Inc
- Ryder System Inc
- Target Corporation
- Amazon Inc
- Seko Logistics
- XPO Logistics
Global Last Mile Delivery Market: Segmentation
By Product Type
- B2C Product
- B2B Product
- C2C Product
By Industry Type
- Retail
- E-Commerce
- Manufacturing Companies
By Region
- North America
- Europe
- South America
- Asia-Pacific
- Middle-East & Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation & Scope
3.2 Value Chain Analysis: Last Mile Delivery Market
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Impact of COVID-19 on Market
3.6 Market Share Analysis
4 Service Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast, 2017–2029, (USD Million)
4.2 B2B
4.2.1 Market Size & Forecast, 2017–2029, (USD Million)
4.3 B2C
4.3.1 Market Size & Forecast, 2017–2029, (USD Million)
4.4 C2C
4.4.1 Market Size & Forecast, 2017–2029, (USD Million)
5 Vehicle Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast, 2017–2029, (USD Million)
5.2 Motorcycle
5.2.1 Market Size & Forecast, 2017–2029, (USD Million)
5.3 Light Commercial Vehicle
5.3.1 Market Size & Forecast, 2017–2029, (USD Million)
5.4 Heavy Commercial Vehicle
5.4.1 Market Size & Forecast, 2017–2029, (USD Million)
5.5 Drones
5.5.1 Market Size & Forecast, 2017–2029, (USD Million)
6 Delivery Time Overview
6.1 Introduction
6.1.1 Market Size & Forecast, 2017–2029, (USD Million)
6.2 Regular Delivery
6.2.1 Market Size & Forecast, 2017–2029, (USD Million)
6.3 Same-Day Delivery
6.3.1 Market Size & Forecast, 2017–2029, (USD Million)
7 Topography Overview
7.1 Introduction
7.1.1 Market Size & Forecast, 2017–2029, (USD Million)
7.2 Rural
7.2.1 Market Size & Forecast, 2017–2029, (USD Million)
7.3 Low-Density Cities
7.3.1 Market Size & Forecast, 2017–2029, (USD Million)
7.4 High-Density Cities
7.4.1 Market Size & Forecast, 2017–2029, (USD Million)
8 Regional Analysis
8.1 Introduction
8.1.1 Market Size & Forecast, 2017–2029, (USD Million)
8.2 North America
8.2.1 Market Size & Forecast, 2017–2029, (USD Million)
8.2.2 The U.S.
8.2.2.1 By Service Type
8.2.2.2 By Vehicle Type
8.2.2.3 By Delivery Time
8.2.2.4 By Topography
8.2.3 Canada
8.2.3.1 By Service Type
8.2.3.2 By Vehicle Type
8.2.2.3 By Delivery Time
8.2.2.4 By Topography
8.2.4 Mexico
8.2.4.1 By Service Type
8.2.4.2 By Vehicle Type
8.2.4.3 By Delivery Time
8.2.4.4 By Topography
8.3 Europe
8.3.1 Market Size & Forecast, 2017–2029, (USD Million)
8.3.2 Germany
8.3.2.1 By Service Type
8.3.2.2 By Vehicle Type
8.3.2.3 By Delivery Time
8.3.2.4 By Topography
8.3.3 France
8.3.3.1 By Service Type
8.3.3.2 By Vehicle Type
8.3.3.3 By Delivery Time
8.3.3.4 By Topography
8.3.4 The U.K.
8.3.4.1 By Service Type
8.3.4.2 By Vehicle Type
8.3.4.3 By Delivery Time
8.3.4.4 By Topography
8.3.5 Italy
8.3.5.1 By Service Type
8.3.5.2 By Vehicle Type
8.3.5.3 By Delivery Time
8.3.5.3 By Topography
8.3.6 Spain
8.3.6.1 By Service Type
8.3.6.2 By Vehicle Type
8.3.6.3 By Delivery Time
8.3.6.4 By Topography
8.3.7 Benelux
8.3.7.1 By Service Type
8.3.7.2 By Vehicle Type
8.3.7.3 By Delivery Time
8.3.7.4 By Topography
8.3.8 Russia
8.3.8.1 By Service Type
8.3.8.2 By Vehicle Type
8.3.8.3 By Delivery Time
8.3.8.4 By Topography
8.3.9 Rest of Europe
8.3.9.1 By Service Type
8.3.9.2 By Vehicle Type
8.3.9.3 By Delivery Time
8.3.9.4 By Topography
8.4 Asia-Pacific
8.4.1 Market Size & Forecast, 2017–2029, (USD Million)
8.4.2 Japan
8.4.2.1 By Service Type
8.4.2.2 By Vehicle Type
8.4.2.3 By Delivery Time
8.4.2.4 By Topography
8.4.3 China
8.4.3.1 By Service Type
8.4.3.2 By Vehicle Type
8.4.3.3 By Delivery Time
8.4.3.4 By Topography
8.4.4 Australia
8.4.4.1 By Service Type
8.4.4.2 By Vehicle Type
8.4.4.3 By Delivery Time
8.4.4.4 By Topography
8.4.5 India
8.4.5.1 By Service Type
8.4.5.2 By Vehicle Type
8.2.2.1 By Delivery Time
8.2.2.2 By Topography
8.4.6 South Korea
8.4.6.1 By Service Type
8.4.6.2 By Vehicle Type
8.4.6.3 By Delivery Time
8.4.6.4 By Topography
8.4.7 Southeast Asia
8.4.7.1 By Service Type
8.4.7.2 By Vehicle Type
8.4.7.3 By Delivery Time
8.4.7.4 By Topography
8.4.8 Taiwan
8.4.8.1 By Service Type
8.4.8.2 By Vehicle Type
8.4.8.3 By Delivery Time
8.4.8.4 By Topography
8.4.9 Rest of Asia-Pacific
8.4.9.1 By Service Type
8.4.9.2 By Vehicle Type
8.4.9.3 By Delivery Time
8.4.9.3 By Topography
8.5 The Middle East and Africa
8.5.1 Market Size & Forecast, 2017–2029, (USD Million)
8.5.2 Saudi Arabia
8.5.2.1 By Service Type
8.5.2.2 By Vehicle Type
8.5.2.3 By Delivery Time
8.5.2.4 By Topography
8.5.3 South Africa
8.5.3.1 By Service Type
8.5.3.2 By Vehicle Type
8.5.3.3 By Delivery Time
8.5.3.4 By Topography
8.5.4 The UAE
8.5.4.1 By Service Type
8.5.4.2 By Vehicle Type
8.5.4.3 By Delivery Time
8.5.4.4 By Topography
8.5.5 Egypt
8.5.5.1 By Service Type
8.5.5.2 By Vehicle Type
8.5.5.3 By Delivery Time
8.5.5.4 By Topography
8.5.6 Rest of The The Middle East and Africa
8.5.6.1 By Service Type
8.5.6.2 By Vehicle Type
8.5.6.3 By Delivery Time
8.5.6.4By Topography
8.6 Central and South America and the Caribbean
8.6.1 Market Size & Forecast, 2017–2029, (USD Million)
8.6.2 Brazil
8.6.2.1 By Service Type
8.6.2.2 By Vehicle Type
8.6.2.3 By Delivery Time
8.6.2.4 By Topography
8.6.3 Argentina
8.6.3.1 By Service Type
8.6.3.2 By Vehicle Type
8.6.3.3 By Delivery Time
8.6.3.4 By Topography
8.6.4 Chile
8.6.4.1 By Service Type
8.6.4.2 By Vehicle Type
8.6.4.3 By Delivery Time
8.6.4.4 By Topography
8.6.5 Peru
8.6.5.1 By Service Type
8.6.5.2 By Vehicle Type
8.6.5.3 By Delivery Time
8.6.5.4 By Topography
8.6.6 Rest of Central and South America and the Caribbean
8.6.6.1 By Service Type
8.6.6.2 By Vehicle Type
8.6.6.3 By Delivery Time
8.6.6.4 By Topography
9 Company Profile
9.1 United Parcel Service of America, Inc.
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Recent Developments
9.1.4 Product Portfolio
9.2 FedEx Corporation
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Recent Developments
9.2.4 Product Portfolio
9.3 USPS (United States Postal Service)
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Recent Developments
9.3.4 Product Portfolio
9.4 XPO Logistics Inc.
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Recent Developments
9.4.4 Product Portfolio
9.5 DHL International GmbH
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Recent Developments
9.5.4 Product Portfolio
9.6 MXD Group
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Recent Developments
9.6.4 Product Portfolio
9.7 Schneider National Inc.
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Recent Developments
9.7.4 Product Portfolio
9.8 J.B. Hunt Transport Inc.
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Recent Developments
9.8.4 Product Portfolio
9.9 ArcBest Corporation
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Recent Developments
9.9.4 Product Portfolio
9.10 SEKO Worldwide LLC
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Recent Developments
9.10.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/last-mile-delivery-market/toc
Market News
- In April 2020, Walmart Inc launched a new service called Express Delivery, that will deliver more items from the store than ever before in less than two hours.
- In May 2020, Ryder System Inc did expansion of its e-Commerce fulfillment network by incorporating food-grade capabilities including two additional facilities to cater to their consumers need.
- In August 2020, Target Corporation partnered with Closed Loop Partner’s Center for Circular Economy alongside the industry leaders.
- In December 2019, Amazon ordered about 1000 electric vehicles to improve the last mile delivery services and maintain a seamless communication with the supply chain in different regions.
News Media
E-Commerce Industries Battle To Deliver Essentials Amid The Pandemic
Top Dropshipping Softwares in the eCommerce Market
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