Press release
Last Mile Delivery Market: The global market is expected to grow at a CAGR of 8.13% during the forecasted period.
As per the study initiated by Evolve Business Intelligence, the global Last Mile Delivery Market size accounted for USD 132.71 billion in 2022, growing at a CAGR of 8.13% from 2023 to 2033. The Last Mile Delivery Market involves the final step of the delivery supply chain that connects buyers to sellers, encompassing operations like warehousing, transportation, and distribution to end-customers. This market is experiencing significant growth, driven by factors such as rising consumer expectations for same-day or next-day deliveries, the imperative for real-time tracking and visibility, the ascent of on-demand services, and challenges posed by urban congestion and sustainability considerations. The market is expected to reach substantial values by 2030, with North America dominating the market due to a surge in e-commerce activities and growing consumer preference for online shopping.The Last Mile Delivery Market is being driven by various factors, including the rising consumer expectations for same-day or next-day deliveries, the need for real-time tracking and visibility, the growth of on-demand services, and the challenges posed by urban congestion and sustainability considerations. Companies are investing in improving their last mile logistics to address these challenges, especially as e-commerce continues to dominate the market. The market is expected to grow over 8.1% from 2023-2030, with the U.S. projected to witness a significant surge in revenue, reaching $1.6 trillion
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Key Highlights:
• The global Last Mile Delivery Market size was valued at USD 132.71 billion in 2022 growing at a CAGR of 8.13% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Last Mile Delivery Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Last Mile Delivery Market players holding high market shares include A1 Express Services Inc., Deutsche Post AG (DHL GROUP), Power Link Expedite and United Parcel Service, Inc. (UPS). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• A1 Express Services Inc.
• Deutsche Post AG (DHL GROUP)
• Power Link Expedite
• United Parcel Service, Inc. (UPS)
• FedEx
• XPO Logistics, Inc.
• Amazon.com
• Kerry Logistics Network Limited
• Drone Delivery Canada Corp.
• A2Z Drone Delivery, LLC
Segmental Analysis
Market Segment By Service Type
• B2C
• B2B
• C2C
Market Segment By Technology
• Autonomous
• Non-autonomous
Market Segment By Application
• Food & Beverages
• Retail & E-commerce
• Healthcare
• Others
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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