Last Mile Delivery Market Top Key Players – UPS, FedEx, Amazon, DHL, JD, LalaMove, Delhivery, Starship Technologies, Dunzo, Bringg, Shippo, Matternet

The last mile is the final step in the package delivery process and is also considered the most time consuming part of the process. Continuous growth in the e-commerce sector is the main driving force of the last mile market. Last mile delivery is the most expensive part of shipping goods and accounts for almost 50% of the total cost of the process.

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LAST MILE DELIVERY MARKET DYNAMICS

In 2019, the number of online shoppers worldwide approached 2 billion or 25% of the world's population. The linear increase in online shoppers will have a direct positive effect on the sector. E-commerce accounts for 15% of retail sales worldwide. This share is expected to exceed 17% by 2021.

By 2030, the number of vans in the world's 100 largest cities is expected to increase by 36%. This in turn will increase pollution by 32% and congestion by 21%. The USA, Germany and China occupy more than 40% of the market.

BY DELIVERY DESTINATION

• Undoubtedly, urban areas have the largest share in this segment. Last mile delivery is more efficient in cities as it helps achieve higher delivery rates per mile; this is possible thanks to increased delivery packages and well-defined populations.

• Traffic congestion and inaccessible destinations are the two main factors holding back growth in the region. The increase in the value of real estate in highly urbanized cities means that communication nodes and warehouses remain outside the city.

RECENT MARKET TREND

• FedEx completes the first commercial shipment of Wing Aviation to Virginia.

• In November 2019, UPS delivered essential pharmaceutical products to the North Carolina region.

• Drone Delivery Canada has partnered with Air Canada Cargo to deliver cargo using these drones.

• Voltia The Slovak city delivery specialist and Nissan have jointly launched the Nissan eNV200 XL LCV, specially designed for urban transport in Europe.

• To counteract the problem of unattended packages, Amazon in the United States has opened lockers in commercial locations near the point of delivery. Third-party luggage storage allows buyers to select the desired item to store their luggage. This shortens the last mile traveled and brings different customers together under one roof.

• Amazon India has committed to deliver 10,000 electric vehicles to its supply fleet in India alone by 2025.

• In India, to counter the COVID19 pandemic, multi-food suppliers, taxi aggregators such as Uber, Rapido, Domino's, Swiggy, and Zomato have contacted retailers and egrozers to support and expedite final episode delivery.

• Flipkart invests $ 40 million in last mile startup Shadowfax.

• Reliance creates chain stores to increase final grocery deliveries in the Mumbai region.

COMPANY PROFILE
• UPS
• FedEx
• Amazon
• DHL
• JD
• LalaMove
• Delhivery
• Starship Technologies
• Dunzo
• Bringg
• Shippo
• Matternet

Read More Information: https://mobilityforesights.com/product/global-last-mile-delivery-market/

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This release was published on openPR.