Product ID: SQMIG20Y2005
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 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.
Global Last Mile Delivery Market Report Snapshots
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