First and Last Mile Delivery Market With 6.6% CAGR, to Reach USD 409.7 Billion 2030 | Leading Companies, Growth Demand Value Chain Analysis, and Forecast

First and Last Mile Delivery Market Size in 2021 was USD 155.1 Billion, Market Value set to reach USD 409.7 Billion at 6.6% CAGR by 2030

First and Last Mile Delivery Market Overview

The market for First and Last Mile Delivery is a rapidly burgeoning segment of the logistics industry, characterized by the demand for expeditious and reliable delivery services, particularly in urban areas. The market encompasses a diverse range of delivery modes, including parcel delivery, courier services, and local delivery services utilizing modes such as bicycles and scooters. The exponential growth of e-commerce and online retail sales has been a catalyst for the market's expansion, with retailers striving to cater to the growing demand for convenient delivery options.

The cost of first and last mile delivery services may vary, with urban areas accounting for a considerable share of the market. The average delivery time for first and last mile delivery services is usually within 24 hours, with same-day delivery and one-hour delivery services becoming increasingly popular.

Technology plays a crucial role in the market's growth, with companies leveraging cutting-edge technologies such as route optimization software, real-time tracking, and autonomous delivery vehicles to improve efficiency and reduce costs. The unique applications of the First and Last Mile Delivery industry are immense, encompassing everything from retail and consumer goods to healthcare and pharmaceuticals. The market's growth prospects remain positive, driven by the increasing demand for fast and reliable delivery services in urban areas.

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First and Last Mile Delivery Market Research Report Highlights and Statistics

● The global First and Last Mile Delivery market size in 2021 stood at USD 155.1 Billion and is set to reach USD 409.7 Billion by 2030, growing at a CAGR of 6.6%
● Urban areas account for a significant portion of the market for first and last mile delivery, due to high population density, high e-commerce activity, and growing demand for timely delivery services.
● The growth of e-commerce and online retail sales has been a major driving force behind the growth of the market for first and last mile delivery, as retailers seek to meet the increasing demand for fast and convenient delivery options.
● The average delivery time for first and last mile delivery services is typically within 24 hours, although same-day delivery and even one-hour delivery services are becoming increasingly popular.
● The most common delivery modes for first and last mile delivery services include parcel delivery, courier services, and local delivery services, such as bicycle delivery or scooter delivery.

Trends in the First and Last Mile Delivery Market

● Urbanization: Urban areas are becoming the primary focus of the First and Last Mile Delivery industry, driven by high population density, increasing e-commerce activity, and growing demand for timely delivery services.
● Autonomous Delivery: The use of autonomous delivery vehicles, such as drones and robots, is expected to become more widespread in the market for First and Last Mile Delivery, as companies seek to improve efficiency and reduce costs.
● Same-Day Delivery: Same-day delivery services are becoming increasingly popular, driven by the growing demand for fast and convenient delivery options, especially in urban areas.
● One-Hour Delivery: One-hour delivery services are becoming more common, especially in urban areas, as retailers seek to cater to the growing demand for fast and convenient delivery options.
● Micro-fulfillment Centers: Micro-fulfillment centers, which are small, automated warehouses located near urban areas, are becoming more popular in the market for First and Last Mile Delivery, as they allow retailers to speed up delivery times and reduce costs.
● Subscription-based Delivery: Subscription-based delivery services, where customers pay a monthly fee for regularly scheduled deliveries, are becoming more popular in the market for First and Last Mile Delivery, especially for groceries and other household items.
● Crowdsourced Delivery: Crowdsourced delivery, where individuals can sign up to be delivery drivers, is becoming more popular in the market for First and Last Mile Delivery, especially in urban areas, as companies seek to reduce costs and improve efficiency.

First and Last Mile Delivery Market Dynamics

● Growing E-commerce Industry: The growth of the e-commerce industry is driving the demand for First and Last Mile Delivery Market services, as more and more consumers turn to online shopping for convenience and ease of access.
● Increased Investment in Delivery Infrastructure: Increased investment in delivery infrastructure, such as delivery hubs and sorting facilities, is driving the growth of the First and Last Mile Delivery Market by improving delivery efficiency and reducing costs.
● Growing Demand for Personalized Delivery Options: The growing demand for personalized delivery options, such as the ability to choose a specific delivery time or location, is driving the growth of the First and Last Mile Delivery Market, as customers seek more control over their delivery experience.
● Growing Demand for Sustainable Delivery Options: The growing demand for sustainable delivery options, such as electric delivery vehicles, is driving the growth of the First and Last Mile Delivery industry, as customers seek to minimize the environmental impact of their delivery operations.
● Growing Demand for In-Car Delivery: The growing demand for in-car delivery, where packages are delivered directly to a customer's vehicle, is driving the growth of the First and Last Mile Delivery industry, as it offers a convenient and secure delivery option.
● Changing Consumer Behavior: The changing behavior of consumers, who are increasingly seeking fast and convenient delivery options, is driving the growth of the First and Last Mile Delivery industry.
● Expansion of Delivery Services into Suburban Areas: The expansion of delivery services into suburban areas, driven by the growing demand for delivery services in these areas, is driving the growth of the First and Last Mile Delivery Market.

Growth Hampering Factors in the market for First and Last Mile Delivery

● Regulation and Compliance related to labor laws and safety standards, can limit the growth of the First and Last Mile Delivery Market by increasing costs and reducing efficiency.
● Lack of adequate delivery infrastructure, such as sorting facilities and delivery hubs, can limit the growth of the First and Last Mile Delivery Market by slowing down delivery times and reducing efficiency.
● Competition from traditional delivery methods, such as brick-and-mortar retail and postal services, can limit the growth of the First and Last Mile Delivery Market by reducing demand for delivery services.
● The risk of package theft and data breaches, can limit the growth of the First and Last Mile Delivery Market by reducing customer trust and confidence.
● Labor shortages, particularly in the delivery and logistics industries, can limit the growth of the First and Last Mile Delivery Market by reducing the supply of workers available to fulfill delivery orders.
● Weather and environmental factors, such as natural disasters and extreme weather conditions, can limit the growth of the First and Last Mile Delivery Market by disrupting delivery operations and increasing costs.
● Capacity constraints, such as limited delivery vehicle fleets and limited sorting facility space, can limit the growth of the First and Last Mile Delivery Market by reducing the ability to fulfill delivery orders in a timely manner.
● High costs associated with delivery operations, such as fuel costs, vehicle maintenance costs, and delivery personnel costs, can limit the growth of the First and Last Mile Delivery Market by reducing profitability and competitiveness.

Market Segmentation

● Type Of Vehicle
○ Heavy Duty Vehicle
○ Medium Duty Vehicle
○ Light Duty Vehicle

● By Cargo Type
○ Liquid Goods
○ Postal
○ Dry Goods

● End User
○ Food and Beverage
○ Chemical
○ FMCG
○ Pharmaceutical and Healthcare
○ Hi-tech Product Industry
○ Others

First and Last Mile Delivery Market Key Players

The First and Last Mile Delivery Market is highly competitive and dominated by several key players, including Amazon, UPS, FedEx, DHL, Hermes, TNT, Alibaba, SF Express, Yamato Holdings, MercadoLibre, Estafeta, Aramex, Saudi Post, OnTrac, Delivery Hero, Glovo, Flipkart, Postmates, Instacart, and DPD Group. These companies have established themselves as leaders in the industry by offering innovative solutions, leveraging technology, and delivering a high level of customer satisfaction.

First and Last Mile Delivery Market Overview by Region

● The Asia-Pacific region's First and Last Mile Delivery market share is the highest globally, with countries such as China, India, and Australia leading the way. The rising middle class, increasing urbanization, and the proliferation of e-commerce are the key drivers of this market in the region. Companies such as Alibaba, SF Express, and Yamato Holdings are leveraging technology such as AI, big data, and the Internet of Things (IoT) to optimize their first and last mile delivery operations.
● North America's First and Last Mile Delivery market share is the fastest growing globally. dominated by the United States and Canada. The e-commerce boom and the increasing demand for same-day and on-demand delivery services are the key drivers of this market in the region. Companies such as Amazon, UPS, and FedEx are investing in technologies such as drones, robots, and autonomous vehicles to optimize the first and last mile delivery process.
● Europe is another key market for First and Last Mile Delivery, with countries such as the United Kingdom, Germany, and France leading the way. The growth of e-commerce and the rise of urbanization are the major factors driving the growth of the First and Last Mile Delivery Market in Europe. Companies such as DHL, Hermes, and TNT are exploring innovative solutions such as smart lockers, crowdsourced delivery, and electric vehicles to meet the demands of their customers.
● The South American and MEA regions have an untapped First and Last Mile Delivery market share. Increasing adoption of e-commerce, urbanization and the growing middle class are the major factors driving the growth of this market in these regions.

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