Press release
Last-Mile Delivery Market Insights: Growth Projections, Tech Integration, and Strategic Partnerships
Last-Mile Delivery Market - DataM Intelligence
Global Last-Mile Delivery Market is expected to grow at a CAGR of 9.62% during the forecast period 2024-2031.
Technological advancements are significantly impacting the global last-mile delivery market. Utilizing technologies such as artificial intelligence, machine learning, route optimization algorithms, and Internet of Things (IoT) devices, companies aim to enhance productivity, optimize delivery routes, and provide visibility throughout the delivery process. This technological integration is driving the growth of the global last-mile delivery market.
On October 19, 2022, Shadowfax announced its integration with ONDC, offering last-mile delivery capabilities for hyperlocal and e-commerce services. This strategic partnership enables sellers on the platform to access hyperlocal services across approximately 8500 pin codes. Such advancements not only facilitate rapid scale-up opportunities but also contribute to the ongoing evolution of the ONDC platform.
In North America, there's a growing trend towards adopting autonomous delivery drones for last-mile delivery. These drones improve efficiency, reduce costs, and enhance customer satisfaction, thus fostering innovation in the market. As companies invest in advanced logistics technologies to meet this demand, it creates opportunities for regional growth in the last-mile delivery market.
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Last-Mile Delivery Market Trends
The burgeoning demand for e-commerce is fueling the expansion of the last-mile delivery market, with an increasing number of products requiring transportation from distribution centers to consumers' doorsteps. This growth in e-commerce is driving technological innovation in last-mile delivery, as companies invest in technologies to improve efficiency and reduce delivery times, thereby propelling market growth.
For example, on April 2, 2020, Uber announced a collaboration with bigbasket, focusing on last-mile delivery. This partnership is aimed at ensuring the reliable delivery of essential supplies to numerous households across Bengaluru, Hyderabad, Chandigarh, and Noida. The joint effort with bigbasket emphasizes compliance with all hygiene and traffic regulations to guarantee a safe and efficient delivery experience for customers.
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Market Segmentation
By Service Type
Business-To-Business (B2B)
Business-To-Consumer (B2C)
Customer-To-Customer (C2C)
By Destination
Domestic
International
By Mode of Operation
Non-Autonomous
Autonomous
By Vehicle Type
Motorcycle
LCV
HCV
Others
By Application
Food & Beverages
Retail & E-commerce
Healthcare
Market Key Players
Major players are Amazon.com, Inc., United Parcel Service of America, Inc., FedEx, DHL International GmbH, Contrary Research, Starship Technologies, Zipline International Inc., DPDgroup, Hermes Europe GmbH, and Continental AG.
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