First and Last Mile Delivery Market: Accelerating at a CAGR of 10.5% to Reach $306.21 Billion in 2029

Driven by E-commerce Boom and Urban Mobility Trends, First and Last Mile Delivery Market Sees Rapid Expansion

What Is The Projected Market Size Of The Global First and Last Mile Delivery Market And Its Growth Rate?

The first and last mile delivery market has seen significant growth in recent years and this trend is set to continue.
• In 2024, the market size was $186.31 billion.
• The market is projected to expand to $205.17 billion in 2025 with a CAGR of 10.1%.
• A prominent increase to $306.21 billion is forecasted by 2029 at a CAGR of 10.5%.

Growth in both periods is driven by factors such as e-commerce expansion, green initiatives, investment in delivery infrastructure, rise of on-demand services, integration of autonomous vehicles, and the adoption of sustainable practices.

What Is Driving The Growth In The First and Last Mile Delivery Market?

The growth of the first- and last-mile delivery market is being powered by the rise of e-commerce. This industry, which revolves around online buying and selling of goods and services, involves first- and last-mile delivery services as primary mediums for transactions. For instance, in November 2023, the US Census Bureau reported that the U.S. retail e-commerce sales reached $284.1 billion, a 7.6% increase from the same period in the previous year. This rise in e-commerce is driving the first- and last-mile delivery market.

Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9499&type=smp

Who Are The Key Players Driving First and Last Mile Delivery Market Growth?

The first and last mile delivery market is propelled by:
• FedEx Corporation
• DHL Global Forwarding
• Cargo Carriers Limited
• United Parcel Services Inc.
• Concargo Private Limited
• TNT Holdings B.V.
• Transtech Logistics Pvt Ltd.
• DB Schenker
• Swift Transportation Company
• Kerry Logistics Network Limited
• KART
• XPO Logistics
• DSV A/S
• J.B. Hunt Transport Inc.
• Agility
• CEVA Logistics
• STO Express
• Dachser Group SE & Co. KG
• The Toll Group
• C.H. Robinson
• China Post Group Corporation
• Kuehne + Nagel International AG
• GEODIS
• Nippon Express Co. Ltd.

What Are The Key Trends In The First and Last Mile Delivery Market?

Major trends in the market include:
• Use of autonomous delivery vehicles
• Establishment of micro-fulfillment centers
• Introduction of electric and low-emission vehicles
• Integration of advanced route optimization
• Implementation of real-time visibility and tracking
• Adoption of contactless delivery solutions

What Are The Segments Of The Global First and Last Mile Delivery Market?

The first and last mile delivery market is segmented by:
1) Type: Dry Goods, Postal, Liquid Goods
2) Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle
3) End Use: Chemical, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Hi Tech Product, Food And Beverage, Other End Uses

Which Region Leads The First and Last Mile Delivery Market?

Asia-Pacific was the largest region in the first and last mile delivery market in 2024. Other regions that contribute significantly to the market include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/first-and-last-mile-delivery-global-market-report

What Is Covered In The First and Last Mile Delivery Market Global Market Report?

- Market Size Analysis: Analyze the First and Last Mile Delivery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the First and 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 First and 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 First and Last Mile Delivery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customize?id=9499&type=smp

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.