Last Mile Delivery Market Valued US$ 297.57 Billion and Expected to Register 8.60% CAGR by 2032 | PMR

According to Polaris Market Research's latest study, "Last Mile Delivery Market by Service Type (B2C, B2B, C2C); Technology (Autonomous, Non-Autonomous); Application; Region, And Segment Forecasts, 2024 - 2032," the market for last mile delivery was valued at USD 142.21 billion in 2023. It is anticipated to grow to USD 297.57 billion by 2032 and exhibit a compound annual growth rate of 8.60% during the forecast period from 2024 to 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/last-mile-delivery-market/request-for-sample

Last-mile delivery also referred to as final-mile delivery or last-mile logistics, refers to the last stage of the delivery process. During this phase, a parcel is transported from a transport hub to its final destination, which is generally a residential building or retail shop. The purpose of last-mile delivery logistics is to deliver the parcels as quickly, affordably, and precisely as feasible. This is to maintain the increased customer expectations for expedited shipment, especially in the food, e-commerce, and retail industries.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

To increase their market position, major players use tactics, including product launches and mergers and acquisitions. Several prominent entities functioning within the worldwide last mile delivery market comprise:

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• A1 Express Services Inc.
• A2Z Drone Delivery, LLC
• Amazon.com
• Deutsche Post AG (DHL GROUP)
• Drone Delivery Canada Corp.
• FedEx
• Kerry Logistics Network Limited
• Power Link Expedite
• United Parcel Service, Inc. (UPS)
• XPO Logistics, Inc.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2900/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞

• B2C
• B2B
• C2C

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

• Autonomous
• Non-autonomous

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The last-mile delivery industry has attracted considerable attention lately because of the explosive growth of e-commerce and the growing demand from customers for dependable, prompt services. Businesses, merchants, and logistics firms are making significant investments to enhance their delivery procedures to fulfill these demands and guarantee on-time product delivery.

Also, organizations investigating and implementing technology innovations like drones and autonomous vehicles, which have the potential to completely transform the last-mile delivery industry, are bringing about significant changes to the last-mile delivery business.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/last-mile-delivery-market

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The countries covered in the report are Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. Based on geographical research, North America appeared as the largest region. Due to the convenience and wide range of products available, online shopping has become increasingly popular in the region, leading to a significant rise in e-commerce activity.

Also, the Asia Pacific region will expand quickly. This expansion is a result of the region's strong economic growth and its rise to prominence in the dynamic logistics industry.

𝐋𝐚𝐬𝐭 𝐌𝐢𝐥𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The B2C service segment led the market on account of the surge in e-commerce shopping, driven by the younger millennial generation having high spending habits.

• The autonomous segment will grow at a rapid pace due to its high efficiency and cost-effectiveness.

• The food & beverage segment will grow rapidly as there is a growing trend of online shopping for daily food supplies.

• APAC will grow at a substantial pace, owing to the presence of the young generation with high disposable income

• The key market players include A1 Express Services, DHL GROUP, Power Link Expedite, United Parcel Service, FedEx, XPO Logistics, and Amazon.com

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐅𝐚𝐜𝐚𝐝𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/north-america-facades-market

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐁𝐥𝐢𝐧𝐝 𝐒𝐩𝐨𝐭 𝐃𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-blind-spot-detection-system-market

𝐔𝐬𝐚𝐠𝐞 𝐁𝐚𝐬𝐞𝐝 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/usage-based-insurance-market

𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-ai-in-military-market

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐑𝐎 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/digital-mro-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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