Soaring Demand Set to Propel First and Last Mile Delivery Market to $306.2 Billion by 2029

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What Is the Expected CAGR for the First and Last Mile Delivery Market Through 2025?
The market size for first and last mile delivery has seen a swift expansion in the past few years. An increase from $186.31 billion in 2024 to $205.17 billion in 2025 is forecasted, reflecting a compound annual growth rate (CAGR) of 10.1%. Factors such as the surge in e-commerce, customer's preference for quick and convenient services, environmental concerns, investment in delivery infrastructure, and emergence of on-demand services have all contributed to the growth observed during the historic period.

What's the Projected Size of the Global First and Last Mile Delivery Market by 2029?
Anticipations are high for rapid expansion in the first and last mile delivery market size in the upcoming years. With a projected compound annual growth rate (CAGR) of 10.5%, it is forecasted to swell to a hefty value of $306.21 billion by 2029. The anticipated growth during this forecast duration is a result of factors such as autonomous vehicle incorporation, the broadening of same-day delivery services, customization of delivery options, collaborations amplifying urban mobility and sustainable practices being applied. Notable trends expected to develop through the forecast period encompass autonomous delivery vehicle usage, establishment of micro-fulfillment centers, emergence of electric and low-emission vehicles, integration of high-tech route optimization, real-time monitoring and tracing facilities and contactless delivery methods.

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Top Growth Drivers in the First and Last Mile Delivery Industry: What's Accelerating the Market?
The upsurge in e-commerce is anticipated to spur the growth of first-and last-mile delivery markets in the upcoming years. In essence, e-commerce involves the online purchase and sale of goods and services. The first-and last-mile delivery service plays the role of a link between the provider and the end user, aiding both sides during a transaction. The booming e-commerce sector will fuel the expansion of the first-and last-mile delivery market. For example, data released by the United States Census Bureau, a US government agency, in November 2023, revealed that during the third quarter of 2023, retail e-commerce sales in the U.S. touched $284.1 billion, marking a 7.6% rise from the same timeframe in 2022, and contributing to 15.6% of total sales. Consequently, e-commerce growth is powering the first and last-mile delivery market.

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What Trends Will Shape the First and Last Mile Delivery Market Through 2029 and Beyond?
The increasing prominence of technological innovations is a leading trend in the first- and last-mile delivery markets. Major firms in these markets are concentrating on the creation of new tech-based solutions to bolster their standings. For example, Celcius Logistics Solutions Pvt Ltd, a cold-chain marketplace based in India, unveiled the Smart Last Mile Delivery Platform in September 2022. This unique platform amalgamates a technology-driven inventory management system (IMS) and IoT gadgets for live tracking, thus guaranteeing product visibility from inception to completion. By improving the performance of India's cold supply chains, the platform minimizes waste, expedites delivery times, and bolsters food security.

What Are the Main Segments in the First and Last Mile Delivery Market?
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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Which Top Companies are Driving Growth 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.

Which Regions Will Dominate the First and Last Mile Delivery Market Through 2029?
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

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