US$ 7.69 Bn Last Mile Delivery Market to Grow at 16+% CAGR to 2027 Dominated by CEVA Logistics AG, DB Schenker, DHL, DSV A/S, FedEx Corporation, GEODIS, Kuehne + Nagel International AG

The global last mile delivery market accounted to US$ 1.99 Bn in 2018 and is expected to grow at a CAGR of 16.7% during the forecast period 2019 – 2027, to account to US$ 7.69 Bn by 2027.

The Insight Partners reports titled “The Last Mile Delivery Market” and forecast to 2027 gives a detailed analysis of the market with key company profiles. The Last Mile Delivery Market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.

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Some of the key players operating in the last mile delivery market are CEVA Logistics AG, DB Schenker (Deutsche Bahn AG), DHL (Deutsche Post AG), DSV A/S, FedEx Corporation, GEODIS, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., and United Parcel Service, Inc.

In 2018, North America was accounted for the largest share in the last mile delivery market, and the Asia Pacific is expected to be the fastest growing region in the last mile delivery market. The market is experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market consists of some well-established players across the globe that cater highly advanced technologies. The benefits of last-mile deliveries, which attracted parcel delivery and e-commerce players include reduced roadway congestion, improved safety, optimized route flexibility, reduced greenhouse gas emission, and overnight or one-day delivery. These factors are anticipated to propel the growth of last mile delivery market.

Key Benefits
• The study provides an in-depth analysis of the global Last Mile Delivery Market to elucidate the prominent investment pockets.
• Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
• The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
• The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

The report also puts forward the current and future market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Industrial Last Mile Delivery Market in the coming years.

The drones are majorly used by e-commerce companies and several governments and private organizations to deliver time-sensitive goods, medicines, and emergency response goods. Disaster recovery, medical supplies, and other applications witness significant growth potential. Drone delivery is the ultimate solution for last-mile connectivity in rural areas. The drones in the current scenario are progressing substantially, as the governments of several countries are simplifying the laws and regulations, which is raising the number of drone operating companies. Such approvals and initiatives would help the companies to widen the scope of the last mile delivery market.

The market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Industrial Last Mile Delivery Market is likely to showcase symbolic growth opportunities owing to growing demands for Industrial Last Mile Delivery across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.

GLOBAL LAST MILE DELIVERY MARKET SEGMENTATION

Global Last Mile Delivery Market – By Technology
• Drones
• Autonomous Ground Vehicles
• Droids
• Others

Global Last Mile Delivery Market - By Type
• B2B
• B2C

Global Last Mile Delivery Market - By Application
• 3C Products
• Fresh Products
• Others

Global Last Mile Delivery Market - By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

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This release was published on openPR.