Press release
Artificial Intelligence Enabled Last Mile Delivery Market Set to Reach 2.8 Billion by 2029 with 15.6% Yearly Growth
Artificial Intelligence Enabled Last Mile Delivery Market Share
The artificial intelligence-enabled last mile delivery market has expanded rapidly in recent years. It is expected to grow from $1.35 billion in 2024 to $1.57 billion in 2025, reflecting a CAGR of 16.0%. The historical growth can be attributed to the rising demand for e-commerce, increasing urbanization, evolving customer expectations, advancements in AI technologies, and enhanced data analytics capabilities.
The artificial intelligence-enabled last mile delivery market is expected to grow to $2.8 billion by 2029, at a CAGR of 15.6%. Growth is driven by robotics integration, e-commerce expansion, and IoT network growth. Trends include the use of electric vehicles, sustainable delivery methods, and contactless delivery.
What Are the Forces Behind the Rapid Growth of the Artificial Intelligence Enabled Last Mile Delivery Market?
The rise in e-commerce is expected to drive the growth of the artificial intelligence-enabled last-mile delivery market. E-commerce involves online buying, selling, and exchanging goods and services. The growth of e-commerce is fueled by better internet infrastructure, consumer preferences for online shopping, and the rise of digital platforms. AI-driven last-mile delivery enhances e-commerce efficiency, reliability, and cost-effectiveness, improving consumer satisfaction. For instance, in November 2023, the International Trade Administration projected a 12.6% annual growth in UK e-commerce sales by 2025. Additionally, as of January 2021, consumer e-commerce in the UK accounted for 36.3% of retail sales and is expected to reach $285.60 billion by 2025. Therefore, the rise in e-commerce activities is fueling the growth of the AI-enabled last-mile delivery market.
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Who Are the Dominant Companies Influencing Artificial Intelligence Enabled Last Mile Delivery Market Trends?
Major companies operating in the artificial intelligence-enabled last mile delivery market report are NVIDIA Corporation; DoorDash Inc.; WorkWave LLC; Locus Robotics Corporation; FarEye Technologies Inc.; Bringg Delivery Technologies Ltd.; Magaya Corporation; Circuit Logistics Inc.; Shipwell Inc.; LogiNext Solutions Private Limited; Freightos Limited; Wise Systems Inc.; Route4Me Inc.; GetSwift Limited; Onfleet Inc.; Transmetrics AD; ClearMetal Inc.; Boxbot Inc.; Refraction AI Inc.; Robby Technologies Inc.; Rapidus Inc.; OptimoRoute Inc.; Routific Inc.; Detrack Systems Pte. Ltd.; PickPack LLC
How Is the Artificial Intelligence Enabled Last Mile Delivery Market Evolving?
In the artificial intelligence-enabled last-mile delivery market, companies are developing AI-powered supply chain assistants to streamline logistics and improve decision-making. In February 2024, One Network Enterprises, a US-based supply chain company, launched NEO Assistant, an AI tool that provides real-time insights and decision support through interactive visualizations and adaptive flows.
What Are the Different Segmentations in the Artificial Intelligence Enabled Last Mile Delivery Market?
The artificial intelligence-enabled last mile delivery market covered in this report is segmented -
1) By Type: Hardware, Software, Services, Predictive Analysis, Other Types
2) By Business Model: On-Demand Delivery, Other Business Models
3) By End-User Industry: E-Commerce, Logistics, Healthcare, Travel And Tourism, Food And Beverage, Other End-User Industries
Subsegments:
1) By Hardware: Delivery Drones, Autonomous Delivery Vehicles, GPS And Tracking Devices
2) By Software: Route Optimization Software, Delivery Management Software, Fleet Management Software
3) By Services: AI-Aased Delivery Services, AI Integration Services, AI Consulting Services
4) By Predictive Analysis: Demand Forecasting, Delivery Time Prediction, Customer Behavior Analytics
5) By Other Types: Smart Lockers, Automated Pickup Stations
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Which Region Is at the Forefront of the Artificial Intelligence Enabled Last Mile Delivery Market?
North America was the largest region in the artificial intelligence-enabled last mile delivery market in 2024. The regions covered in the artificial intelligence-enabled last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Artificial Intelligence Enabled Last Mile Delivery Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence Enabled Last Mile Delivery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence Enabled 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 Artificial Intelligence Enabled 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 Artificial Intelligence Enabled Last Mile Delivery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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