Last Mile Delivery Market Updates

Last Mile Delivery Market size was valued at USD 144 Billion in 2023 and is poised to grow from USD 156.24 Billion in 2024 to USD 299.85 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).

'Amazon Logistics (US)  ', 'DHL Express (Germany)  ', 'FedEx (US)  ', 'UPS (US)  ', 'United States Postal Service (USPS) (US)  ', 'China Post (China)  ', 'JD Logistics (China)  ', 'Alibaba Cainiao (China)  ', 'XPO Logistics (US)  ', 'DPD Group (France)  ', 'SF Express (China)  ', 'Delhivery (India)  ', 'Uber (Postmates) (US)  ', 'Instacart (US) ', 'Hermes (Germany)  ', 'Blue Dart (India)  ', 'Yodel (UK)  ', 'Gojek (Indonesia)  ', 'Grab (Singapore)  ', 'Lalamove (Hong Kong)  ', 'DoorDash (US)  ', 'ZTO Express (China)'

The emphasis is increasing on providing services to specific end-user segments is one of the main drivers shaping the market growth. Many logistics service organizations have started operating new logistics supply model for the medical and pharmaceutical industry due to the rising difficulties in the healthcare sector. These consist of growing expenses of medical devices due to increasing population and chronic ailments. This type of delivery minimizes the requirement to actively maintain and operate a large stock of medical devices. All vital devices are offered on a last-mile delivery and same-day delivery basis. This supply chain model is already being used by many medical device companies and will boost market growth.  

Increasing Demand for Quick Delivery: The growing customer demand for quick deliveries is immensely forming the structure of last mile delivery services. Nowadays, customers want quick and efficient delivery choices that meet their requirements. Due to this companies are encouraged to offer speedy delivery services for satisfying the shifting needs and quick deliveries for customers. Furthemore, the compannies who can efficiently offer quick delivery services without raising expenses will be in a better position in the market.    

North America is leading the last mile delivery market. This is mainly due to the region’s dominance in the evolving logistics settings. Lately, North America is witnessing a massive surge in e-commerce activities due to the rising number of people favoring online shopping. This is because it is convenient, and people get to see more varieties of products. This has augmented the demand for last-mile delivery services in the region, propelling the growth of the market. Furthermore, the region’s robust technological structure is also contributing to the growth of the last-mile delivery services. The adoption of innovative logistics technologies like real-time monitoring system, route optimization, and automated delivery solutions improved the efficiency of last mile operations. The combination of these factors is driving the last mile delivery market in the region.