Last Mile Delivery Market Grow At A CAGR Of 15.62% Between 2022 And 2027

The last mile delivery market is estimated to grow at a CAGR of 15.62% between 2022 and 2027. The size of the market is forecast to increase by USD 165.6 billion.

The last mile delivery procedure involves sending goods and products directly to customers in a quicker, simpler, and more efficient manner. It is the final stage of the delivery process in which the package is transferred from a transportation hub to its location, which is typically a person's home, workplace, or retail establishment. Due to shifting consumer behaviour and lifestyle patterns, an increase in the popularity of online shopping, and rising demand for quick, affordable door-to-door delivery, last mile delivery services are quickly gaining pace. Several industries, including e-commerce, FMCG, retail, healthcare, and mail and parcels, heavily rely on these services.

Businesses everywhere have an increasing need to reduce their operating expenses associated with last-mile delivery while maintaining high customer satisfaction levels. To improve client experiences, businesses are choosing a variety of last-mile delivery options, including same-day delivery, next-day delivery, and customizable time slots for delivery. Additionally, business organizations are adopting artificial intelligence (AI) and machine learning (ML)-based technologies that can help to optimize and enhance their business processes as door step delivery has become more of a standard practice and consumer expectations for enhanced service delivery are rising.

Market Trend:

The expansion of the global last mile delivery industry will be fueled by the significant emphasis on technical advancements. The increasing use of cutting-edge technology for real-time tracking, which enables customers to manage and alter their retail deliveries with the aid of readily available online tools, is a significant industry trend. Customers have increased transparency thanks to these solutions, which also give them total control over shipment delivery. Due to their high value, large shipments or commodities must be directly picked up by the customer during delivery. It is difficult for delivery service providers to transport these products outside of houses.

To manage the delivery schedules for large or heavy shipments, delivery companies provide their clients web- and mobile-based last-mile delivery management solutions. In the event of delays brought on by bad weather or congested roads, these apps provide real-time control of package delivery, electronic rescheduling, and notifications/alerts to the consumer by email, electronic messages, or phone calls. During the projected period, all of these technical advancements are anticipated to positively affect the market's expansion.

Future market revenue growth is anticipated to be fueled by elements like rising trading activities, shifting consumer behaviour, quick technological improvements in delivery vehicles, and growing support for autonomous delivery. However, during the forecast period, factors like rising supply chain corruption, a lack of transparency among online sellers, inadequate routing, unpredictable transit, a lack of adequate delivery infrastructure, and a lack of funding to upgrade delivery tools and technology are expected to restrain overall market growth to some extent.

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Global Last Mile Delivery Market: Segmentations

Global Last Mile Delivery Market: Major Players
J＆T Express
Exaq
Tiki
JNE

Global Last Mile Delivery Market: By Types
B2B
B2C

Global Last Mile Delivery Market: By Applications
Home Use
Commercial Use

Global Last Mile Delivery Market: Regional Analysis
The countries covered in the regional analysis of the Global Last Mile Delivery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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The market for autonomous last mile delivery is segmented into a number of areas, each of which has distinct traits and growth factors. Understanding the market dynamics and growth prospects in each region is made possible by the regional overview. In the market for autonomous last mile delivery, North America and Europe are two of the biggest and most developed regions, with a solid infrastructure and a sizable number of market players. Asia-Pacific is one of the market's fastest-growing regions, distinguished by a quickly expanding customer base, rising levels of consumer spending, and a significant number of market players.

Report Scope:

The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Last Mile Delivery manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Last Mile Delivery market covering all its essential aspects.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

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