LAST MILE DELIVERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global last mile delivery market refers to the transportation of goods from distribution centers to the final destination or end consumer. It involves transporting shipments during the last leg of the supply chain, which could range between 1-10 miles. Over the years, last mile delivery has become more complex with the growth of e-commerce as consumers expect faster deliveries, same-day/instant deliveries, and more delivery options. This has compelled logistics companies to adopt innovative delivery models and technologies such as electric vehicles, drones, and IoT devices to efficiently manage the peak volume of packages and meet dynamic customer needs.
Market Dynamics:
The global last mile delivery market is driven by the rapid growth of the e-commerce sector worldwide. The increasing customer demand for quick deliveries, same-day, and instant deliveries have become key factors influencing buyers’ selection of retailers. Moreover, continuous technological advancements in delivery solutions such as autonomous vehicles and drones are creating new opportunities in the market. However, rising traffic congestions, limited delivery slots, and lack of standardization in delivering cross-border shipments are some challenges faced by logistics players. High costs associated with last mile deliveries also act as a restraint. To capitalize on the growth opportunities, companies are focusing on offering value-added services, collaborative delivery models, and establishing strategic partnerships.
Key Features of the Study:
- This report provides in-depth analysis of the global last mile delivery market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global last mile delivery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amazon Logistics, DHL Supply Chain, FedEx Corporation, UPS (United Parcel Service), XPO Logistics, Schenker AG, DPD Group, JD Logistics, ZTO Express, Yunda Express, Postmates (Uber), Glovo, DoorDash, Lalamove, and Sendy
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global last mile delivery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global last mile delivery market
Detailed Segmentation-
Detailed Segmentation-
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
