Global First and Last Mile Delivery Market Analysis by Key Players Cargo Carriers Limited, FedEx Corporation, United Parcel Service Inc., Tuma, Shawn Transport, Swift Transport Company LLC, Interlogix Pty.
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On June 2019, FedEx Corporation has recognized as one of the 50 most community-minded companies in the United States.
On November 2018, Swift Transport Company LLC has announced that it has expanded its employee education program and also offers free tuition to Southern New Hampshire University
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Key Market Insights from the report:
The global first and last mile delivery market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of application, end-user, and region.
By cargo type, the global first and last mile delivery market is segmented into dry goods, postal, and liquid goods.
By vehicle type, the global first and last mile delivery market is bifurcated into light duty vehicle, medium duty vehicle, and heavy duty vehicle. Light duty vehicle type segment accounted for a major share in terms of revenue, owing to retail price, acceleration, fuel economy, interior volume, and ease of operation of light duty vehicles in urban areas.
By end-user, the global first and last mile delivery market is classified into chemicals, pharmaceutical & healthcare, FMCG, Hi-tech product industry, food and beverage, and others. The FMCG end-use segment is anticipated to hold a major share of the market during the forecast period. Shift of preference of urban consumers from essential to premium products, attractive supply chain solutions provided by logistic companies, and increasing accessibility of online stores fuel growth of FMCG segment over the forecast period.
By region, China is a major exporter and importer of goods, owing to positive economic environment, introduction of new infrastructure and the rise of e-retailing. China is anticipated to expand the logistic industry in the country, which in turn is expected to drive growth of global market in China over the forecast period. Furthermore, expansion of the e-commerce industry in India and increased government spending on development of infrastructure are anticipated to propel growth of the target market in the country over the forecast period.
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