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Last Mile Delivery Market worth $269.62 billion by 2030, growing at a CAGR of 9.22% - Exclusive Report by 360iResearch
Last Mile Delivery Market | 360iResearch
The Global Last Mile Delivery Market to grow from USD 145.37 billion in 2023 to USD 269.62 billion by 2030, at a CAGR of 9.22%.
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Last-mile delivery is the final step of the logistics chain, involving the movement of goods from a transportation hub to the final delivery destination, typically a personal residence or business. The market for last mile delivery services has been expanding due to the growing eCommerce sector, urbanization, and changes in consumer preferences towards faster delivery options. Last mile delivery services are integral in various sectors, including eCommerce, food and beverages, pharmaceuticals, and retail. The primary end-users are online shoppers, restaurants, medical facilities, and brick-and-mortar stores looking to expand their reach through online services. The market encompasses traditional delivery services, such as parcel delivery and postal services, and innovative approaches like drone delivery, autonomous ground vehicles, and crowd-sourced delivery platforms. Moreover, implementing new delivery technologies often faces regulatory barriers, such as restrictions on drone usage or autonomous vehicle testing. The high costs of adopting new technologies and maintaining delivery fleets can limit market growth. However, the developing trend of autonomous and electric delivery vehicles presents new opportunities for cost reduction and improved service levels. Additionally, integrating advanced technologies such as artificial intelligence, machine learning, and big data analytics can offer predictive insights, optimize delivery operations, and enhance the customer experience.
The last mile delivery market in the Americas has shown robust growth, largely driven by the surge in eCommerce and increasing customer expectations for faster deliveries. The United States, being a major contributor, has seen significant investments in technological advancements such as drone deliveries, autonomous vehicles, and smart lockers to optimize last mile logistics. Additionally, the growing urbanization and smart city initiatives are further propelling the market forward. In the EMEA region, the last mile delivery market is experiencing significant growth, with Europe at the forefront, supported by advanced infrastructure and a high concentration of logistics companies. The Middle East and parts of Africa are rapidly catching up owing to increased investment in technological infrastructure and the bolstering eCommerce sector. Europe's focus on reducing carbon emissions is contributing to innovative delivery models such as bike couriers and electric delivery vehicles. The Asia-Pacific (APAC) last mile delivery market is witnessing the rapid growth, with rapid urbanization, the rise of the middle class, and the expansion of eCommerce. Countries including China and India are emerging as last mile innovation hubs with significant investments in logistics infrastructure. The increasing adoption of mobile internet has facilitated consumer shift towards online shopping, which in turn boosts demand for efficient last mile delivery services.
Market Segmentation & Coverage:
This research report categorizes the Last Mile Delivery Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Solution, market is studied across Hardware, Service, and Software. The Hardware is projected to witness significant market share during forecast period.
Based on Platform, market is studied across Aerial Delivery Drones and Ground Delivery Vehicles. The Aerial Delivery Drones is projected to witness significant market share during forecast period.
Based on Mode of Operation, market is studied across Autonomous and Non-Autonomous. The Non-Autonomous is projected to witness significant market share during forecast period.
Based on Application, market is studied across Food & Beverage, Healthcare & Pharma, Retail & eCommerce, and Transportation & Logistics. The Food & Beverage is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.42% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Last Mile Delivery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Last Mile Delivery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Last Mile Delivery Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk, a1.express, Amazon.com, Inc., Aramex Group, C.H. Robinson Worldwide, Inc., DHL Group, DPD Group, Drone Delivery Canada, Dropoff, Inc., DSV A/S, FedEx Corporation, Flytrex, Geodis, HelloFresh SE, Hermes Group, Jet Delivery, Inc., Kerry Logistics Network by SF Express Co., Ltd., Matternet, Nippon Express Co., Ltd., Power Link Expedite, Royal Mail Group, Schenker AB, SkyDrop, United Parcel Service of America, Inc., XPO, Inc., and Yamaha Motor Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Last Mile Delivery Market, by Solution
7. Last Mile Delivery Market, by Platform
8. Last Mile Delivery Market, by Mode of Operation
9. Last Mile Delivery Market, by Application
10. Americas Last Mile Delivery Market
11. Asia-Pacific Last Mile Delivery Market
12. Europe, Middle East & Africa Last Mile Delivery Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Last Mile Delivery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Last Mile Delivery Market?
3. What is the competitive strategic window for opportunities in the Last Mile Delivery Market?
4. What are the technology trends and regulatory frameworks in the Last Mile Delivery Market?
5. What is the market share of the leading vendors in the Last Mile Delivery Market?
6. What modes and strategic moves are considered suitable for entering the Last Mile Delivery Market?
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