Last Mile Delivery Market to grow at a CAGR of 9.9% from 2021-2027 | Valuates Reports

The global Last Mile Delivery market size is projected to reach US$ 68180 million by 2027, from US$ 35230 million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.9% during 2021-2027. Major factors driving the growth of the Last Mile delivery market size, integration of advanced technologies into existing systems, rise in the consumers' demand for just-in-time delivery, Increase in internet penetration, and expansion of the e-commerce industry.

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The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition.

Last Mile Delivery is a term used in supply chain management and transportation planning to describe the movement of people and goods from a transportation hub to a final destination in the home, in this report the Last Mail Delivery coverd 3C Products, Fresh Products and others like clothes, shoes, daily necessities, etc.

Logistics and e-commerce companies are dealing with ways to be more effective in shipping goods and keeping their costs as low as possible. As a result, several logistics companies are emphasizing the production of creative technologies to minimize costs and automate Last Mile distribution by using mobile robots, drones, and autonomous vehicle technology. This, in turn, is expected to drive the growth of the last mile delivery market size.

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The major players in global Last Mile Delivery market include UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx, etc. The top 3 players occupy about 10% shares of the global market. Asia-Pacific and North America are main markets, they occupy about 70% of the global market. B2C is the main type, with a share about 50%. 3C Products is the main application, which holds a share about 35%.

Based on the region, North America is expected to hold the largest Last Mile delivery market share. This dominance of North America is attributed to the continuous development in autonomous delivery robots and the increase in the preference of people to order online. A large amount of e-retail transactions and the growing number of consumers opting for quick and seamless delivery services are contributing to the growth of the last mile delivery market size in North America. In addition, several retailers have free returns and exchanges that fuel demand for reverse logistics in the last mile distribution model.

Last Mile Delivery Market by Type
➣B2C
➣B2B

Last Mile Delivery Market by Application
➣3C Products
➣Fresh Products
➣Others

by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

Key Players

UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx, Kuehne + Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics, CEVA Logistics, J.B. Hunt (JBI, DCS & ICS), Agility, China POST, Hitachi Transport System, DSV, YTO Express, Panalpina, Toll Holdings, Expeditors International of Washington, GEFCO, ZTO Express, STO Express, Dachser, C.H. Robinson Worldwide, Sinotrans, Yusen Logistics

Similar Reports:

Same Day Delivery Market: https://reports.valuates.com/market-reports/QYRE-Auto-18U764/global-same-day-delivery

Drone Logistics and Transportation Market: https://reports.valuates.com/market-reports/QYRE-Auto-32R1184/global-drone-transportation-and-logistics

Drone Package Delivery Market: https://reports.valuates.com/reports/QYRE-Othe-1K491/drone-package-delivery

Autonomous Last Mile Delivery Market: https://reports.valuates.com/market-reports/ALLI-Manu-0J34/autonomous-last-mile-delivery

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