Press release
Global Last Mile Delivery Market to Valuation of USD 92,421.6 Million By 2030 | Infinium Global Research
Infinium Global Research, a respected name in market research, has recently published an extensive report on the Global Last Mile Delivery Market. The report provides a comprehensive analysis of various segments and sub-segments, and it highlights the significant impact of drivers, restraints, and macro indicators on the global and regional last mile delivery market. This comprehensive study offers insights, forecasts, and dollar values for the global last mile delivery market. The global last mile delivery market was valued at USD 43,871.0 Million in 2022 and is expected to reach USD 92,421.6 Million by 2030 and grow at a CAGR of 9.92% over the forecast period.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/gcc/sample-request/5
E-Commerce Boom Drives Last Mile Delivery
The global last mile delivery market is projected to grow at a CAGR of 9.92% between 2023 and 2030. The growth is primarily attributed to the expansion of the e-commerce industry, which is rapidly evolving due to increased internet penetration, smartphone usage, and the diversity of e-commerce platforms. This trend is making last mile delivery increasingly essential for brands and logistics providers. Furthermore, the growing demand for parcel services in retail and online food delivery further propels market growth. The integration of advanced technologies and the rising demand for just-in-time delivery are expected to drive the demand for last-mile delivery services. The adoption of advanced technology and autonomous vehicles is also anticipated to boost market growth.
North America Dominates the Global Market
The North American region leads the global last mile delivery market, with rapid industrialization being a key driver of its growth. The e-commerce sector in the region is thriving due to increased internet penetration, which has further escalated the demand for last mile delivery services. In contrast, the Asia Pacific region is expected to experience significant growth in the market, with many logistics service providers and intense competition in the outsourced services sector. The demand for value-added services, efficient last-mile deliveries, and the adoption of automated technologies in logistics further fuel growth in this region.
Leading Players in the Last Mile Delivery Market
Key players in the global last mile delivery market include FedEx Corp., GEODIS SA, J.B. Hunt Transport Inc., CEVA Logistics AG, Deutsche Post DHL Group, United Parcel Service Inc., XPO Logistics Inc., DHL International GmbH, ArcBest Corporation, and Schneider National Inc.
E-Commerce Sales Continue to Grow
The e-commerce industry is experiencing substantial growth due to factors such as increasing internet penetration, smartphone usage, and a diverse range of e-commerce platforms. E-commerce sales currently account for a significant portion of global retail sales, representing 14.1% of all retail sales worldwide. This trend is expected to continue, with a projected 17% annual growth rate for the e-commerce sector, making up 20% of the global retail share in 2023.
Automation Revolutionizes Last Mile Delivery
Innovations in last-mile technology, including drones, droids, and automated fulfillment centers, are transforming the speed and handling capacity of logistic providers. Companies are investing heavily in various forms of autonomous delivery vehicles, which can range from side-walk vehicles to autonomous trucks. These technologies aim to significantly enhance delivery times and reduce transportation costs. Drones, for instance, have the potential to drastically improve delivery efficiency and cut down transportation expenses. As same-day and 3-hour delivery services gain popularity, the use of drones and autonomous delivery vehicles is expected to rise, leading to an increase in the overall number of deliveries.
Challenges to Last Mile Delivery
Despite the remarkable growth, the last mile delivery sector faces certain challenges. Customer nuances such as incorrect addresses, remote locations, customer unavailability to receive packages, and whimsical cancellations or returns add complexity to the process. Additionally, poor transportation infrastructure, especially in developing countries, including inefficient routes and transportation technology, leads to higher costs and time delays. The shortage of local delivery resources and navigational difficulties in the last mile further hamper the growth of the market.
AI and Machine Learning Solutions
To address these challenges, companies in the last mile logistics industry are exploring machine learning and artificial intelligence (AI) solutions. AI-based systems optimize delivery routes, reduce transportation costs, and help plan for fluctuations in demand during peak seasons. These technologies enable more efficient routing, contributing to profitability. AI is also being used to predict shipments based on historical data, ensuring better preparedness for fluctuations in demand. The integration of AI in last mile delivery will provide growth opportunities and improve the overall efficiency of the market.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/gcc/customization/5
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. GCC Last Mile Delivery Market Highlights
2.2. GCC Last Mile Delivery Market Projection
2.3. GCC Last Mile Delivery Market Country Highlights
Chapter 3. GCC Last Mile Delivery Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Restraints
3.2.3.Opportunities
3.3. Analysis of COVID-19 impact on the GCC Last Mile Delivery Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1.IGR-Growth Matrix Analysis by Service Type
3.5.2.IGR-Growth Matrix Analysis by Vehicle Type
3.5.3.IGR-Growth Matrix Analysis by End user Application
3.5.4.IGR-Growth Matrix Analysis by Country
3.6. Value Chain Analysis of GCC Last Mile Delivery Market
Chapter 4. GCC Last Mile Delivery Market by Service Type
4.1. Business-to-business (B2B)
4.2. Business-to-consumer (B2C)
4.3. Customer-to-customer (C2C)
Chapter 5. GCC Last Mile Delivery Market by Vehicle Type
5.1. Motorcycle
5.2. Light Commercial Vehicle
5.3. Heavy Commercial Vehicle
5.4. Drones
5.5. Autonomous Vehicle
Chapter 6. GCC Last Mile Delivery Market by End user Application
6.1. Retailers
6.2. Groceries
6.3. Food and Beverage
6.4. Postal Service
6.5. Healthcare & Pharmacy
Chapter 7. GCC Last Mile Delivery Market by Country 2023-2030
7.1. Saudi Arabia
7.1.1.Saudi Arabia GCC Last Mile Delivery Market by Service Type
7.1.2.Saudi Arabia GCC Last Mile Delivery Market by Vehicle Type
7.1.3.Saudi Arabia GCC Last Mile Delivery Market by End user Application
7.1.4.Saudi Arabia GCC Last Mile Delivery Market by Country
7.2. UAE
7.2.1.UAE GCC Last Mile Delivery Market by Service Type
7.2.2.UAE GCC Last Mile Delivery Market by Vehicle Type
7.2.3.UAE GCC Last Mile Delivery Market by End user Application
7.2.4.UAE GCC Last Mile Delivery Market by Country
7.3. Qatar
7.3.1.Qatar GCC Last Mile Delivery Market by Service Type
7.3.2.Qatar GCC Last Mile Delivery Market by Vehicle Type
7.3.3.Qatar GCC Last Mile Delivery Market by End user Application
7.3.4.Qatar GCC Last Mile Delivery Market by Country
7.4. Rest of GCC
7.4.1.Rest of GCC Last Mile Delivery Market by Service Type
7.4.2.Rest of GCC Last Mile Delivery Market by Vehicle Type
7.4.3.Rest of GCC Last Mile Delivery Market by End user Application
7.4.4.Rest of GCC Last Mile Delivery Market by Country
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the GCC Last Mile Delivery Market
8.2. Companies Profiles
8.2.1.SMSA Express Transportation Company Ltd
8.2.2.DHL International GmbH
8.2.3.Aramex
8.2.4.Saudi Post
8.2.5.Saee
8.2.6.Other companies
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/gcc/enquiry/5
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of last mile delivery.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/gcc/sample-request/5
E-Commerce Boom Drives Last Mile Delivery
The global last mile delivery market is projected to grow at a CAGR of 9.92% between 2023 and 2030. The growth is primarily attributed to the expansion of the e-commerce industry, which is rapidly evolving due to increased internet penetration, smartphone usage, and the diversity of e-commerce platforms. This trend is making last mile delivery increasingly essential for brands and logistics providers. Furthermore, the growing demand for parcel services in retail and online food delivery further propels market growth. The integration of advanced technologies and the rising demand for just-in-time delivery are expected to drive the demand for last-mile delivery services. The adoption of advanced technology and autonomous vehicles is also anticipated to boost market growth.
North America Dominates the Global Market
The North American region leads the global last mile delivery market, with rapid industrialization being a key driver of its growth. The e-commerce sector in the region is thriving due to increased internet penetration, which has further escalated the demand for last mile delivery services. In contrast, the Asia Pacific region is expected to experience significant growth in the market, with many logistics service providers and intense competition in the outsourced services sector. The demand for value-added services, efficient last-mile deliveries, and the adoption of automated technologies in logistics further fuel growth in this region.
Leading Players in the Last Mile Delivery Market
Key players in the global last mile delivery market include FedEx Corp., GEODIS SA, J.B. Hunt Transport Inc., CEVA Logistics AG, Deutsche Post DHL Group, United Parcel Service Inc., XPO Logistics Inc., DHL International GmbH, ArcBest Corporation, and Schneider National Inc.
E-Commerce Sales Continue to Grow
The e-commerce industry is experiencing substantial growth due to factors such as increasing internet penetration, smartphone usage, and a diverse range of e-commerce platforms. E-commerce sales currently account for a significant portion of global retail sales, representing 14.1% of all retail sales worldwide. This trend is expected to continue, with a projected 17% annual growth rate for the e-commerce sector, making up 20% of the global retail share in 2023.
Automation Revolutionizes Last Mile Delivery
Innovations in last-mile technology, including drones, droids, and automated fulfillment centers, are transforming the speed and handling capacity of logistic providers. Companies are investing heavily in various forms of autonomous delivery vehicles, which can range from side-walk vehicles to autonomous trucks. These technologies aim to significantly enhance delivery times and reduce transportation costs. Drones, for instance, have the potential to drastically improve delivery efficiency and cut down transportation expenses. As same-day and 3-hour delivery services gain popularity, the use of drones and autonomous delivery vehicles is expected to rise, leading to an increase in the overall number of deliveries.
Challenges to Last Mile Delivery
Despite the remarkable growth, the last mile delivery sector faces certain challenges. Customer nuances such as incorrect addresses, remote locations, customer unavailability to receive packages, and whimsical cancellations or returns add complexity to the process. Additionally, poor transportation infrastructure, especially in developing countries, including inefficient routes and transportation technology, leads to higher costs and time delays. The shortage of local delivery resources and navigational difficulties in the last mile further hamper the growth of the market.
AI and Machine Learning Solutions
To address these challenges, companies in the last mile logistics industry are exploring machine learning and artificial intelligence (AI) solutions. AI-based systems optimize delivery routes, reduce transportation costs, and help plan for fluctuations in demand during peak seasons. These technologies enable more efficient routing, contributing to profitability. AI is also being used to predict shipments based on historical data, ensuring better preparedness for fluctuations in demand. The integration of AI in last mile delivery will provide growth opportunities and improve the overall efficiency of the market.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/gcc/customization/5
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. GCC Last Mile Delivery Market Highlights
2.2. GCC Last Mile Delivery Market Projection
2.3. GCC Last Mile Delivery Market Country Highlights
Chapter 3. GCC Last Mile Delivery Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Restraints
3.2.3.Opportunities
3.3. Analysis of COVID-19 impact on the GCC Last Mile Delivery Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1.IGR-Growth Matrix Analysis by Service Type
3.5.2.IGR-Growth Matrix Analysis by Vehicle Type
3.5.3.IGR-Growth Matrix Analysis by End user Application
3.5.4.IGR-Growth Matrix Analysis by Country
3.6. Value Chain Analysis of GCC Last Mile Delivery Market
Chapter 4. GCC Last Mile Delivery Market by Service Type
4.1. Business-to-business (B2B)
4.2. Business-to-consumer (B2C)
4.3. Customer-to-customer (C2C)
Chapter 5. GCC Last Mile Delivery Market by Vehicle Type
5.1. Motorcycle
5.2. Light Commercial Vehicle
5.3. Heavy Commercial Vehicle
5.4. Drones
5.5. Autonomous Vehicle
Chapter 6. GCC Last Mile Delivery Market by End user Application
6.1. Retailers
6.2. Groceries
6.3. Food and Beverage
6.4. Postal Service
6.5. Healthcare & Pharmacy
Chapter 7. GCC Last Mile Delivery Market by Country 2023-2030
7.1. Saudi Arabia
7.1.1.Saudi Arabia GCC Last Mile Delivery Market by Service Type
7.1.2.Saudi Arabia GCC Last Mile Delivery Market by Vehicle Type
7.1.3.Saudi Arabia GCC Last Mile Delivery Market by End user Application
7.1.4.Saudi Arabia GCC Last Mile Delivery Market by Country
7.2. UAE
7.2.1.UAE GCC Last Mile Delivery Market by Service Type
7.2.2.UAE GCC Last Mile Delivery Market by Vehicle Type
7.2.3.UAE GCC Last Mile Delivery Market by End user Application
7.2.4.UAE GCC Last Mile Delivery Market by Country
7.3. Qatar
7.3.1.Qatar GCC Last Mile Delivery Market by Service Type
7.3.2.Qatar GCC Last Mile Delivery Market by Vehicle Type
7.3.3.Qatar GCC Last Mile Delivery Market by End user Application
7.3.4.Qatar GCC Last Mile Delivery Market by Country
7.4. Rest of GCC
7.4.1.Rest of GCC Last Mile Delivery Market by Service Type
7.4.2.Rest of GCC Last Mile Delivery Market by Vehicle Type
7.4.3.Rest of GCC Last Mile Delivery Market by End user Application
7.4.4.Rest of GCC Last Mile Delivery Market by Country
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the GCC Last Mile Delivery Market
8.2. Companies Profiles
8.2.1.SMSA Express Transportation Company Ltd
8.2.2.DHL International GmbH
8.2.3.Aramex
8.2.4.Saudi Post
8.2.5.Saee
8.2.6.Other companies
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/gcc/enquiry/5
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of last mile delivery.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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