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Rapid Expansion Propels Autonomous Forklift Market towards $12.77 billion by 2029
Autonomous Forklift Market
The Autonomous Last Mile Delivery Market Sees Exponential Growth Fueled by E-commerce and Infrastructure Investments
What Is The Projected Market Size Of The Global Autonomous Last Mile Delivery Market And Its Growth Rate?
The Autonomous Last Mile Delivery Market has witnessed significant growth in recent times and will continue expanding:
• The market size was $29.66 billion in 2024 and is projected to grow to $38.11 billion in 2025, with a CAGR of 28.5%.
• The driving force behind this growth is e-commerce growth, increased traffic congestion, infrastructure investments, and urbanization trends.
• Further growth is expected, with the market predicted to reach $107.84 billion in 2029 at a CAGR of 29.7%.
• Key factors likely to influence this growth in the forecast period include demand for contactless deliveries, focus on safety and reliability, last-mile challenges in healthcare, and technological innovations in navigation.
What Is Driving The Growth In The Autonomous Last Mile Delivery Market?
The surge in e-commerce has significantly spurred the growth of the autonomous last-mile delivery market. With digital platforms becoming the go-to for buyers and sellers, the need for efficient last-stage delivery has become paramount. Factors such as workforce shortage, pandemic outbreaks, and supply chain disruptions have led to increasing reliance on online shopping. As such, e-commerce companies are gradually incorporating drones and autonomous vehicles for last-mile delivery. According to India Brand Equity Foundation, the e-commerce sector in India alone is set to reach $111.4 billion by 2025, thus further substantiating the growth of the autonomous last-mile delivery market.
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Who Are the Key Players Driving Autonomous Last Mile Delivery Market Growth?
• Amazon com Inc
• DHL Group
• Geopost
• Drone Delivery Canada Corp
• Flirtey Inc
• Flytrex Inc
• JD com Inc
• Caterpillar Inc
• Matternet Inc
• Relay Robotics
• Starship Technologies Inc
• MercuryGate International Inc
• Dronescan Ltd
• Nuro Inc
• Kiwi Campus Inc
• Eliport Inc
• Skycart Inc
• Refraction AI Inc
• Robby Technologies Inc
• Udelv Inc
• Kiwi Campus Inc
• Starship Technologies
• Carrypicker GmbH
• B-ON GmbH
• Blue Dart Express Ltd
• Workhorse Group Inc
• Aeva Technologies Pvt Ltd
• Baidu Inc
What Are The Key Trends In The Autonomous Last Mile Delivery Market?
Key trends expected to shape the market:
• Expansion of drone delivery services
• Autonomous vehicles for urban deliveries
• Focus on sustainability and electric vehicles
• Collaborations and partnerships
• Delivery solutions for rural and remote areas
• Enhanced security features
• Technological innovations in navigation
What Are The Segments Of The Global Autonomous Last Mile Delivery Market?
The market is segmented based on:
1) Vehicle Type: Aerial Delivery Drone, Ground Delivery Bots, Self-Driving Trucks And Vans.
2) Solution: Hardware, Software, Service.
3) Range: Short Range, Long Range.
4) Application: Logistics, Healthcare And Pharmaceuticals, Food And Beverages, Retail, Other Applications.
Which Region Leads The Autonomous Last Mile Delivery Market?
As of 2024, North America led the Autonomous Last Mile Delivery Market. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Autonomous Last Mile Delivery Market Global Market Report?
- Market Size Analysis: Analyze the Autonomous Last Mile Delivery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Autonomous Last Mile Delivery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Autonomous Last Mile Delivery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Autonomous Last Mile Delivery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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