First and Last Mile Delivery Market Size Projected To Reach $306.21 Billion By 2034 With A Cagr Of 10.5%

The First and Last Mile Delivery Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the First and Last Mile Delivery Market Size and Projected Growth Rate?
The market size of first and last mile delivery has seen a swift expansion in the past few years. The market is set to escalate from a value of $186.31 billion in 2024, reaching $205.17 billion in 2025 with a compound annual growth rate (CAGR) of 10.1%. Factors such as the surge in e-commerce, customer requirements for quick and convenient services, ecological awareness, funding in delivery infrastructure, and the rise of on-demand amenities have all contributed to its growth during the historic period.

The market for first and last mile delivery is anticipated to expand swiftly in the coming years, potentially reaching a value of $306.21 billion by 2029, a prediction crafted based on a compound annual growth rate (CAGR) of 10.5%. Some factors contributing to this projected growth during the estimated period include the integration of self-operating vehicles, the broadening of same-day delivery offerings, personalized delivery options, amplified urban mobility collaborations and the application of sustainable practices. The forecast period is likely to witness trends such as the rise in the usage of autonomous delivery vehicles, burgeoning micro-fulfillment centers, growing popularity of electric and low-emission vehicles, advanced route optimization integration, real-time visibility, tracking, and the introduction of contactless delivery solutions.

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What Are the Different First and Last Mile Delivery Market Segments?
The first and last mile delivery market covered in this report is segmented -

1) By Type: Dry Goods, Postal, Liquid Goods
2) By Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle
3) By End Use: Chemical, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Hi Tech Product, Food And Beverage, Other End Uses

Subsegments:
1) By Dry Goods: Consumer Electronics, Apparel And Footwear, Home Goods And Furniture
2) By Postal: Letters And Documents, Small Packages, Bulk Mailing Services
3) By Liquid Goods: Beverages, Chemicals, Food Products

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What Are the Primary Drivers Shaping the First and Last Mile Delivery Market?
An upward trend in e-commerce is predicted to fuel growth in the first-and last-mile delivery markets in the future. Essentially, e-commerce is the trade of goods and services through an electronic network, primarily the internet. First-and last-mile delivery service serves as a bridge between the distributor and the final customer, providing invaluable assistance during the transaction process. As e-commerce expands, so will the first-and last-mile delivery market. For example, in the third quarter of 2023, reports by the United States Census Bureau, a government agency based in the US, suggested that retail e-commerce sales in the U.S. reached $284.1 billion. This figure signifies a 7.6% increase from the previous year's corresponding quarter and made up 15.6% of all sales. Hence, the escalating e-commerce industry is a significant driving force for the first and last-mile delivery market.

Which Companies Are Leading in the First and Last Mile Delivery Market?
Major companies operating in the first and last mile delivery market include 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 Major Trends Shaping the First and Last Mile Delivery Market?
The surge in technological advancements is becoming a significant trend in the first- and last-mile delivery markets. The main businesses in these markets are making an effort to create unique technological answers to solidify their standings. For instance, Celcius Logistics Solutions Pvt Ltd, a cold-chain marketplace based in India, unveiled the Smart Last Mile Delivery Platform in September 2022. This platform combines a modern tech-enhanced inventory management system (IMS) and IoT technology for live tracking, thus providing complete product visibility from start to finish. This development also lessens waste, improves delivery speed and bolsters food security by boosting the cold supply chain efficiency in India.

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What Are the Top Revenue-Generating Geographies in the First and Last Mile Delivery Market?
Asia-Pacific was the largest region in the first and last mile delivery market in 2024. The regions covered in the first and last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the First and Last Mile Delivery Market?
2. What is the CAGR expected in the First and Last Mile Delivery Market?
3. What Are the Key Innovations Transforming the First and Last Mile Delivery Industry?
4. Which Region Is Leading the First and Last Mile Delivery Market?

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