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 2024-2031

Report ID: SQMIG20Y2005 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 120 | Figures: 77

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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FAQs

Last Mile Delivery Market size was valued at USD 131.5 billion in 2019 and is poised to grow from USD 142.1 billion in 2023 to USD 288.9 billion by 2031, growing at a CAGR of 8.13% in the forecast period (2024-2031).

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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