Press release
Last Mile Delivery Market Will Hit USD 121.2 Billion Revenue by 2030 | P&S Intelligence
B2B dominated the industry with a share, about 50%, in 2022. This is since it bids numerous advantages to online stores for attracting B2B consumers, for example reduced time of delivery, easy payment options, hefty discounts on bulk procurement, and doorstep delivery reducing costs.
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While, the B2C will grow faster in the years to come. This has a lot to do with altering consumer purchasing conduct, development in organized and omnichannel retailing, and growing tech knowledge about the usage of smartphone applications and online platforms.
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.
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New kinds of vehicles and novel logistic structures will evolve in the future, to advance delivery services. Furthermore, there are momentous investments in the automotive sector, precisely in the optimization of self-driving technology, and manufacturers are developing autonomous trucks and other automobiles for commercial purposes, as well as delivery services.
E-commerce will grow the fastest in the years to come, with a share of more than 20%. This has a lot to do with the increasing base of consumers the changing pattern of buying for consumers, customers expecting fast and free shipping, demographic shift and competitive pricing.
Therefore, now companies are concentrating increasingly on their strategies for overcoming challenging delivery schedules of traditional logistics.
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.
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The research offers size of the global last mile delivery market for the period 2017-2030.
Market Segmentation by Service
B2C
B2B
Market Segmentation by Application
E-Commerce
Package Delivery
Others
Market Segmentation by Region
North America Last Mile Delivery Market
By service
By application
By country - U.S. and Canada
Europe Last Mile Delivery Market
By service
By application
By country - Germany, U.K., France, Italy, Spain, and Rest of Europe
APAC Last Mile Delivery Market
By service
By application
By country - Japan, China, India, South Korea, Australia, and Rest of APAC
LAMEA Last Mile Delivery Market
By service
By application
By country - Brazil, Mexico, and Rest of LAMEA
About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.
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Chandra Mohan
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Email: enquiry@psmarketresearch.com
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