Last Mile Delivery Market Size & Regional Growth Share is Expected to Reach USD 297.57 Billion by 2032, to grow at a CAGR of 8.60% | PMR

Last Mile Delivery Market size was valued at USD 142.21 billion in 2023. The last mile delivery industry is projected to grow to USD 297.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2024 - 2032).

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

Market Definition:

The last portion of a journey that comprises transferring goods from a transportation hub or warehouse to the ultimate delivery site is known as last mile delivery, also known as last mile logistics. The goal of last mile delivery is to minimize expenses for the business while delivering goods to customers as soon as possible. The final mile delivery accounts for more than half of the entire transportation expense. The food, retail, e-commerce, and pharmaceutical industries are where it is primarily used. Because more people are using the internet and because the e-commerce sector is growing, consumers are encouraged to shop online.

Key Players:

Competition is intense among a wide range of players, including established logistics firms, e-commerce giants, startups, and technology companies.

Here is the list of the leading companies operating in the last mile delivery market:

• 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 Overview:

The last mile delivery market is mainly segmented based on service type, technology, application, and region. Based on the service type research, the B2C category will have the biggest market share in 2022 due to a major shift in consumer behavior toward online buying and the growing popularity of e-commerce platforms.

Furthermore, according to the technological analysis, the non-autonomous segment will account for the majority of market revenue in 2022. Despite the increased focus on self-driving vehicles and drones, this technology has been widely accepted.

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

Growth Drivers and Opportunities:

● The last-mile delivery sector has received a lot of attention in recent years thanks to the rapid rise of e-commerce and customer demand for dependable, speedy service.

● Consumer desire for speedy deliveries, real-time tracking and visibility, as well as concerns about urban congestion and sustainability, are driving market expansion.

Geographical Landscape:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Discover Additional Insights by Exploring Related Reports:

Nanosatellite & Microsatellite market: https://www.thetechstreetnow.com/regional/nanosatellite-microsatellite-market-to-rise-by-2026/8939429765530211847/8939429765530211847/

Actigraphy Sensors Psg Devices Market: https://www.emrindustry.com/actigraphy-sensor-and-psg-devices-market-size-worth-1-65-billion-by-2027-cagr-5-1/

conformal coatings market: https://www.ept.ca/2021/09/conformal-coatings-market-to-grow-to-1-18b/

conformal coatings market: https://www.thefabricator.com/stampingjournal/news/electricvehicles/market-for-conformal-coatings-used-on-bev-electronics-to-be-worth-118-billion-by-2028-says-report

Outdoor Power Equipment Market: https://contractordailynews.com/2021/09/14/outdoor-power-equipment-market-forecast/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
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.

This release was published on openPR.