Last-Mile Delivery Market To Reach 121.2 Billion by 2030

The revenue generated by the last- mile delivery market was USD 27.1 billion in 2022, and it will power at a rate of 20.6% in the years to come, for reaching USD 121.2 billion by 2030, according to a report by P&S Intelligence.

Furthermore, with incessant growth in developing countries, a growing middle-class population worldwide, and extended internet access, the increased demand for e-commerce will require logistic companies to transport products to consumers at remote locations.

AI is a vital technology for self-directed driving systems, as it enables dependable and immediate recognition of objects surrounding vehicles. The acceptance of autonomous vehicles will allow for a radical reduction of delivery costs, therefore advancing the e-commerce growth.

Therefore, now companies are concentrating increasingly on their strategies for overcoming challenging delivery schedules of traditional logistics.

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There is a significant share of revenue in the North American last- mile delivery market amounting to USD 9 billion in 2022. This is because of the high acceptance of cutting-edge technologies in the region, along with the increasing level of efficiency of the last-mile delivery.

This continent s home to developed nations, such as Canada, and the U.S, the major market for last-mile logistics and e-commerce.
Along with this, the digital platform is becoming increasingly popular, enabling small companies to have a global reach and compete with the big fishes of the industry.

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It is because of the increasing usage of the omnichannel retailing, the demand for last-mile delivery solutions will continue to grow in the years to come.

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