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Last-Mile Delivery Market Set to Double to $311.31 Billion by 2031
Last-Mile Delivery Market
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Key Highlights from the Report
➤ The global last-mile delivery market will grow to USD 311.31 billion by 2031.
➤ The B2C segment dominates, constituting over 70% of global revenue in 2022.
➤ Technological adoption of autonomous vehicles is increasing at a CAGR of 17.6%.
➤ Non-autonomous delivery solutions currently hold 98% of the market share.
➤ Asia Pacific is expected to grow at a CAGR of 11.1%, driven by e-commerce expansion.
➤ COVID-19 accelerated the shift to online shopping, impacting last-mile delivery demand.
Market Segmentation
The market is segmented by service type into B2C, B2B, and C2C, with B2C leading due to the surge in online retail. C2C is also growing rapidly thanks to peer-to-peer delivery platforms. Technology-wise, non-autonomous methods dominate because of cost efficiency, while autonomous technologies like drones and self-driving vehicles are projected to grow rapidly. Application segments include retail & e-commerce, which holds more than 57% revenue share, healthcare, food & beverages, with food delivery gaining traction due to growing consumer demand for convenience.
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Regional Insights
North America leads the market with over 31% share, supported by advanced logistics infrastructure and technology adoption. The region also benefits from a high volume of e-commerce transactions fueling last-mile services. Asia Pacific is the fastest growing region, supported by rising internet penetration, smartphone usage, and a growing middle-class population driving online shopping trends. This region is expected to continue expanding its dominance in the global last-mile delivery market as technology adoption and e-commerce activities increase.
Market Dynamics
The last-mile delivery market is driven by the rising demand for faster, reliable delivery services, growth in online shopping, and technological innovation in delivery vehicles and autonomous systems. Constraints include the complexities of urban traffic, infrastructure limitations, and high operational costs, which challenge scalability and profitability. Opportunities exist in adopting AI, robotics, and multimodal transport to optimize routes, reduce costs, and improve safety. The pandemic-induced surge in e-commerce has catalyzed innovation and investment in contactless and automated delivery solutions, further advancing market growth.
Reasons to Buy the Report
✔ Comprehensive analysis of the global last-mile delivery market landscape.
✔ Detailed insights into segmentation by service type, technology, and application.
✔ Regional market trends and growth forecasts for 2024-2031.
✔ Competitive profiling of leading players shaping market dynamics.
✔ Evaluation of COVID-19 impact and emerging technological trends.
Frequently Asked Questions (FAQs)
◆ How big is the global last-mile delivery market?
◆ Which segment holds the largest market share in last-mile delivery?
◆ What is the projected growth rate of autonomous delivery technologies?
◆ What regions dominate the last-mile delivery market through 2031?
◆ Who are the key players in the global last-mile delivery industry?
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Company Insights
Amazon.com
FedEx
Deutsche Post AG (DHL Group)
United Parcel Service (UPS)
XPO Logistics, Inc.
A1 Express Services Inc.
Power Link Expedite
Drone Delivery Canada Corp.
Notable Developments:
Amazon launched a small business initiative in 2023 to expand last-mile deliveries, enabling local stores to serve as delivery hubs.
Advancements in autonomous vehicle technologies and drone pilot programs continue to shape operational capabilities.
Conclusion
The last-mile delivery market is undergoing transformative growth fueled by rapid e-commerce expansion, technological innovation, and shifting consumer preferences. While non-autonomous methods dominate current operations, the future lies in autonomous vehicles and AI-driven logistics, offering cost-effective, efficient, and safer deliveries. North America currently leads this space, but the Asia Pacific region's accelerating growth signals a competitive yet opportunity-rich environment ahead. For stakeholders and investors, understanding these dynamics is critical to capitalizing on the evolving last-mile delivery landscape, ensuring sustained growth and improved customer experiences worldwide.
Contact Us
Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
DSL Abacus IT Park, Industrial Development Area
Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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