Global Last Mile Delivery Market

Global Last Mile Delivery Market Size, Share, Growth Analysis, By Type(B2B (Business-To-Business), B2C (Business-To-Consumer)), By Technology(Drones, Autonomous Ground Vehicles), By Delivery Time(Regular Delivery, Same-Day Delivery), By Application(FMCG, E-commerce) - Industry Forecast 2023-2030


Report ID: SQMIG20Y2005 | Region: Global | Published Date: February, 2023 | Pages: 157 | Tables: 120 | Figures: 77

Global Last Mile Delivery Market Insights

Last Mile Delivery Market size was valued at USD 131.5 billion in 2021 and is poised to grow from USD 142.1 billion in 2022 to USD 288.9 billion by 2030, growing at a CAGR of 8.13% in the forecast period (2023-2030).

Customers' demands for last-mile deliveries are changing as they become more sophisticated. Additionally, if same-day or fast delivery is offered at a reasonable price, many customers choose these services. Excellence in these deliveries has become essential due to the increasing demand for last mile delivery and fulfilment of similar commercial and residential products within a given timeframe. Thankfully, shippers, logistics companies, and technology companies plan ahead to quickly satisfy all customer expectations by embracing cutting-edge technologies created for last-mile deliveries. This component is expected to have an influence on the market.

Furthermore, the last mile delivery sector is growing due to innovations and investments made by major market players. For instance, Amazon unveiled Scout, a delivery robot that can roll along sidewalks and leave packages at customers' door - step. In terms of size, Scout resembles a tiny cooler. This inspired Amazon to create a fresh idea for an autonomous last-mile delivery service. The market outlook for automotive last mile delivery is expected to see a number of improvements made by top companies, that will drive market growth.

The development of the e-commerce industry, an increase in trading activities spurred on by globalization, technology advances in delivery vehicles, and a rise in the need for fast package delivery all have contributed to the growth of the market. The market growth is expected to be hampered by subpar infrastructure, higher logistics costs, a lack of manufacturer and retailer control over logistics services, and an unreliable postal address system.

Additionally, the adoption of autonomous delivery to spur growth, cut costs, and truncate lead - time as a result of the multi-modal system adoption and expansion of the e-commerce sector, combined with an increase in B2C deliveries, is anticipated to open up a wide range of possibilities for the last mile delivery market to expand and grow.

US Last Mile Delivery Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 131.5 billion

Largest Segment

B2B (Business-To-Business)

Fastest Growth

B2B (Business-To-Business)

Growth Rate

8.13% CAGR

Global Last Mile Delivery Market ($ Bn)
Country Share for Aisa Pacific Region (%)
Global Last Mile Delivery Market By Type ($ Bn)
Global Last Mile Delivery Market By Type (%)

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Global Last Mile Delivery Market Segmental Analysis

Global Last Mile Delivery Market is segmented based on Type, Technology, Delivery Time, Application, and region. Based on Type the market is segmented into B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer). Based on Technology the market is segmented into Drones, Autonomous Ground Vehicles, Droids, others. Based on Delivery Time the market is segmented into Regular Delivery, Same-Day Delivery. Based on Application the market is segmented into FMCG, E-commerce, Retail, Healthcare, mails & Packages, Others. Based on region the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Last Mile Delivery Market Analysis by Type

The Business to Consumer (B2C) product segment now holds the largest share of the global last mile delivery market as a result of the e-Commerce industry's rapid growth and the development of digital payment methods that enable customers to make instant payments whenever and wherever they choose.

Through the supply of raw materials, semi-produced goods, and finished products, the B2B or Business to Business product segmentation owns the second-largest share of the last mile delivery market share. The bulk orders that the business requests for subsequent procedures are typically handled by the B2B deliverables.

Last Mile Delivery Market Analysis by Application

The other segments, including such manufacturing companies and e-Commerce clients, each hold a significant portion of the market, but with forecast sales of USD 78806. 15 million and an anticipated CAGR of 13.3% in 2030, retail clients hold the lead. The growth rate determines who leads in the market, and in this case, the retail client’s segment has narrowly beaten the e-Commerce segment in terms of CAGR despite the proximity of both segments in terms of valuation in USD.

The manufacturing companies segment includes businesses or companies that use goods for direct sales or for additional processing. With a high order volume, a large order size, and long-term business ties, this quick mile delivery market segment serves a sizeable portion of the global market.

Global Last Mile Delivery Market By Type, 2021 (%)

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Global Last Mile Delivery Market Regional Insights

The Asia-Pacific region is growing at the fastest rate in the global market, with a large market share during the projection period. APAC is one of those high-performing regions for the advancement of the e-Commerce business since major players like India, China, and Japan currently operate at the highest level of technology and deliverables. According to reports, China and India are the countries with the greatest concentration of manufacturing facilities and the greatest demand for delivery services in the APAC area. In 2021, the Asia-Pacific region accounted for over 64.3% of all e-Commerce expenditure.

North America, with a significant market share, currently and going future will be the lead in last mile delivery. The growth of North America's industrial sector, which includes the automotive, manufacturing, retail, food & beverage, and apparel sectors, is driving the growth of the region's freight and logistics markets. The e-commerce company has grown substantially as a result of efficient and effective supply chain and logistics management.

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Global Last Mile Delivery Market Dynamics

Last Mile Delivery Market Drivers

Delivery Services as e-Commerce Platforms Grow in Popularity

  • Online shopping portals have grown significantly in the last few years as a result of interest of the public in how it all works. Later, upon becoming used to the online shopping model through numerous online portals and e-Commerce platforms, consumers expressed reluctance when it came to receiving their purchased goods. Before, it was anticipated that a product ordered online would take at least 7-8 working days to arrive. Yet over time, e-Commerce platforms enhanced the concept of online purchasing and, in some cases, got the estimated delivery time as close to same-day delivery.

Door-to-door delivery alternatives growing the last-mile delivery market

  • The logistics industry has grown and modernized in order to offer its clients effective logistical services. The rise of door-to-door delivery of products in the sector is one of the main drivers behind the expansion of the global last mile delivery market. Door to door services are available for any kind of service, including moving and packing, product delivery, industrial deliveries, etc. According to experts in the sector, 65% of people will reside in urban areas by 2030. The growth of new start-ups that offer city-by-city services is developing new opportunities in the international market for last mile delivery.

Last Mile Delivery Market Restraints

Corruption in the supply chain decreases reliability

  • Corruption, which has affected practically every business, including the global market for last mile deliveries, is one of the greatest issues on this planet. As a product is ready to be transported from the distribution center to the end user, the entire supply chain, from SKUS, stock assignment, and dispatch to delivery, involves various stages of inventories. Throughout the entire process, there is a chance that an employee will violate the code of conduct and disclose critical information about the deliverables, sell the original product and replace it with a copy, etc. Corruption can affect the dependability of the market for delivery services in a number of ways in the abovementioned delivery sector.

Lack of transparency is a growing

  • Lack of transparency is a growing concern amongst online sellers due to the high likelihood of buyer fraud, which refers to unethical actions on the part of the final customer after the sale. This includes customers who demand a refund or an urgent replacement despite obtaining the product through different channels and alleging it was never delivered. Such unsubstantiated accusations are an inconvenience for both the vendor and the buyer. The vendors also experience the same thing. Due to some delivery agents' unethical work practices, it is challenging to trace the consignment owing to inaccurate product tracking and poor inventory management, which delays the shipment of the full product and may result in negative reputation for the manufacturer or seller.

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Global Last Mile Delivery Market Competitive Landscape

The competition in the market is at an all-time high due to the last mile delivery market's growing pace. By providing the most effective and efficient delivery services, the major competitors on the market fight for the highest loyalty of consumers.

Last Mile Delivery Market Top Player’s Company Profiles

  • Amazon
  • FedEx
  • United Parcel Service (UPS)
  • DHL
  • Uber Eats
  • Postmates
  • Instacart
  • Grubhub
  • Deliveroo
  • Doordash
  • Glovo
  • Just Eat
  • Swiggy
  • Zomato
  • C.H. Robinson Worldwide
  • Hermes Group
  • Yamato Holdings
  • XPO Logistics
  • Nippon Express
  • DPDgroup

Last Mile Delivery Market Recent Developments

  • In July 2022, Bright Drop, a manufacturer of Last-Me electric vehicles in California, announced the integration of Marain's Af fleet optimization software into its Zeve vans and Trace e-carts. Its programmed can assess forecasts and develop multimodal fleet solutions.
  • In July 2022, SkyDrop stated that the drone flies for the commercial drone delivery trial with Domino's in New Zealand had been finished producing.

Global Last Mile Delivery Key Market Trends

  • The demand for parcel delivery has grown as a result of the astonishing increase in internet and e-commerce sales in developing countries. This aspect might spur the market for last-mile deliveries to expand. In addition, the omnichannel supply chains are boosting the logistics and transportation industries' business, which might help the last-mile delivery market grow. Recurrent purchases have increased as a result of the rising trend of subscription-based services. The market may soon grow more quickly as a result of these factors. One of the key market factors that has attracted consumers' attention is same-day delivery.

Global Last Mile Delivery Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global Last Mile Delivery market analysis, we found that the market expansion is also aided by major and start-up companies increasing their transportation system. The market is expanding as a result of changing living standards and a high smartphone penetration rate. A few other factors fuelling the development of the market include technological advancement and automation brought on by rising disposable income and expanding capacity. The increase in online orders has boosted the need for last-mile delivery, which has supported the development of numerous businesses in this industry. The reality that several consumers are prepared to pay more for fast delivery has increased demand for last mile delivery and is expected to fuel the market growth in the years to come. The development of light-duty vehicles has improved the ease of operation and transfer of finished goods to consumers through factors such economic fuel, retail price, and acceleration. Moreover, there is an increase in road transportation activities globally, which helps the market grow.

Report Metric Details
Market size value in 2021 USD 131.5 billion
Market size value in 2030 USD 288.9 billion
Growth Rate 8.13%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer)
  • Technology
    • Drones, Autonomous Ground Vehicles, Droids, others
  • Delivery Time
    • Regular Delivery, Same-Day Delivery
  • Application
    • FMCG, E-commerce, Retail, Healthcare, mails & Packages, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Amazon
  • FedEx
  • United Parcel Service (UPS)
  • DHL
  • Uber Eats
  • Postmates
  • Instacart
  • Grubhub
  • Deliveroo
  • Doordash
  • Glovo
  • Just Eat
  • Swiggy
  • Zomato
  • C.H. Robinson Worldwide
  • Hermes Group
  • Yamato Holdings
  • XPO Logistics
  • Nippon Express
  • DPDgroup
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Last Mile Delivery Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Last Mile Delivery Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Last Mile Delivery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Last Mile Delivery Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Last Mile Delivery Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Last Mile Delivery Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQ's

Last Mile Delivery Market size was valued at USD 131.5 billion in 2021 and is poised to grow from USD 142.1 billion in 2022 to USD 288.9 billion by 2030, growing at a CAGR of 8.13% in the forecast period (2023-2030).

The competition in the market is at an all-time high due to the last mile delivery market's growing pace. By providing the most effective and efficient delivery services, the major competitors on the market fight for the highest loyalty of consumers. 'Amazon', 'FedEx', 'United Parcel Service (UPS)', 'DHL', 'Uber Eats', 'Postmates', 'Instacart', 'Grubhub', 'Deliveroo', 'Doordash', 'Glovo', 'Just Eat', 'Swiggy', 'Zomato', 'C.H. Robinson Worldwide', 'Hermes Group', 'Yamato Holdings', 'XPO Logistics', 'Nippon Express', 'DPDgroup'

Online shopping portals have grown significantly in the last few years as a result of interest of the public in how it all works. Later, upon becoming used to the online shopping model through numerous online portals and e-Commerce platforms, consumers expressed reluctance when it came to receiving their purchased goods. Before, it was anticipated that a product ordered online would take at least 7-8 working days to arrive. Yet over time, e-Commerce platforms enhanced the concept of online purchasing and, in some cases, got the estimated delivery time as close to same-day delivery.

The demand for parcel delivery has grown as a result of the astonishing increase in internet and e-commerce sales in developing countries. This aspect might spur the market for last-mile deliveries to expand. In addition, the omnichannel supply chains are boosting the logistics and transportation industries' business, which might help the last-mile delivery market grow. Recurrent purchases have increased as a result of the rising trend of subscription-based services. The market may soon grow more quickly as a result of these factors. One of the key market factors that has attracted consumers' attention is same-day delivery.

The Asia-Pacific region is growing at the fastest rate in the global market, with a large market share during the projection period. APAC is one of those high-performing regions for the advancement of the e-Commerce business since major players like India, China, and Japan currently operate at the highest level of technology and deliverables. According to reports, China and India are the countries with the greatest concentration of manufacturing facilities and the greatest demand for delivery services in the APAC area. In 2021, the Asia-Pacific region accounted for over 64.3% of all e-Commerce expenditure.

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