Press release
Last Mile Delivery Market 2024: Major Key Players And Industry Analysis Till 2033
Last Mile Delivery Market
As per the report, the last mile delivery market size has grown rapidly in recent years. It will grow from $159.43 billion in 2023 to $178.92 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The last mile delivery market size is expected to see rapid growth in the next few years. It will grow to $288.00 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%.
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Impact Of E-Commerce Growth On The Last Mile Delivery Market
The rapid growth of e-commerce is expected to propel the growth of the last mile delivery market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the Internet or other electronic networks. The ongoing expansion of e-commerce adoption is due to several factors, including the combination of technological innovation, changing consumer behaviors, and evolving business models worldwide. Last mile delivery in e-commerce is used to ensure efficient, timely, and cost-effective delivery of products to customers' doorsteps, marking the final leg of the delivery process. It plays a vital role in the success of e-commerce businesses by enhancing customer satisfaction and fostering brand loyalty. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the United States surged to approximately $1,118.7 billion in 2023, marking a 7.6% increase compared to the preceding year. Therefore, the rapid growth of e-commerce is driving the growth of the last mile delivery market.
Tech-Enabled Cold Chain Solutions For Last Mile Deliveries
Major companies operating in the last mile delivery market are focusing on developing tech-enabled cold chain solutions for last mile deliveries to enhance efficiency and ensure the safe transportation of perishable goods. Cold chain solutions for last-mile deliveries are specialized logistics infrastructure and processes designed to maintain specific temperature conditions during the transportation of perishable goods from distribution centers or hubs to the final destination. For instance, in September 2022, Celcius Logistics, an India-based provider of logistics and supply chain solutions, launched its smart last mile delivery platform to address the challenges in the last-mile delivery of perishable goods. This innovative platform is a tech-enabled cold chain solution for last mile delivery that is designed to monitor and analyze gaps in distribution, deploy predictive algorithms to eliminate potential risk areas, reduce bottlenecks, speed up ETAs (estimated time of arrival), and provide shippers with absolute visibility of their products from start to finish. Through this platform, Celcius aims to establish a nationwide network of last-mile vehicles and storage points to enhance the efficiency of primary and secondary movement and storage of perishable goods.
The last mile delivery market covered in this report is segmented -
1) By Delivery Mode: Regular Delivery, Same-Day Delivery or Express Delivery
2) By Technology: Autonomous, Non-autonomous
3) By Service Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)
4) By Destination: Domestic, International
5) By Application: Food And Beverages, Retail And E-commerce, Healthcare, Other Applications
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Major companies operating in the last mile delivery market are Amazon.com Inc., United Parcel Service Inc., DHL International GmbH, FedEx Corporation, La Poste Group, SF Holding Co. Ltd., Uber Technologies Inc., DB Schenker, Poste Italiane S.p.A., DPD Group, DSV Panalpina AS, Royal Mail plc, Yamato Holdings Co. Ltd., Australia Post, DoorDash Inc., XPO Logistics Inc., Grubhub Inc., Deliveroo, Aramex PJSC, Zomato Pvt. Ltd., Postmates Inc., Correios, TNT Holdings B.V., Gopuff, Deliv Inc.
Contents of the report:
1. Executive Summary
2. Last Mile Delivery Market Report Structure
3. Last Mile Delivery Market Trends And Strategies
4. Last Mile Delivery Market - Macro Economic Scenario
5. Last Mile Delivery Market Size And Growth
…..
27. Last Mile Delivery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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