Press release
Last Mile Delivery Market Poised to Surpass $357.45 Billion by 2031.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Last Mile Delivery Market Size, Share & Trends Analysis Report By Delivery Mode (Regular Delivery, Same-Day Delivery or Express Delivery), Service Type (Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)), by Vehicle Type (Motorcycle, LCV, HCV, Drones), by Mode of Operation (Non-Autonomous, Autonomous), by Application (E Commerce, Retail and FMCG, Healthcare, Mails and Packages, Others), by Destination (Domestic, International)- Market Outlook And Industry Analysis 2031"
The Global Last Mile Delivery Market is estimated to reach over USD 357.45 billion by 2031, exhibiting a CAGR of 10.17% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1631
A method or service that delivers goods more quickly, easily, and smoothly to the customer is known as last mile delivery. Various businesses or sectors offer the last mile delivery service, whereby they send the product directly from the company outlet or the distribution centre to the customer's location in a predetermined amount of time. The demand for parcel delivery has grown due to the astounding expansion in internet and e-commerce sales in developing nations. This factor might spur the market for last mile deliveries to expand.
In addition, the omnichannel supply chains are improving the logistics and transportation industries' business, which might help the last mile delivery market development. Repeat purchases have increased due to the growing popularity of subscription-based services. These elements could ultimately spur the market for last mile deliveries to flourish. Same-day delivery is one of the main market drivers that have caught consumers' attention, and this factor is probably going to help the last mile delivery sector expand.
List of Prominent Players in The Last Mile Delivery Market:
• A1 Express Services Inc
• Amazon.com
• Aramex
• BEST Inc
• DB Schenker
• Deutsche Post AG (DHL GROUP)
• DPD
• Drone Delivery Canada
• Dropoff, Inc.
• DSV (DSV PANALPINA)
• FedEx
• Flirtey
• Flytrex
• Geodis
• Jet Delivery, Inc.
• Kerry Logistics Network Limited
• Marble Robot
• Matternet
• Power Link Expedite
• Savioke
• S.F. Express
• United Parcel Service, Inc. (UPS)
• USA Couriers
• XPO Logistics, Inc.
• YTO Express Group Co
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
The main forces behind globalization are shifting economic conditions and dynamic market conditions. Various trade-related activities have been seen to increase recently as a result of the development of globalization. Expanding the global market is another important driver of the industry's growth. In the upcoming years, trade activity between cities and surrounding nations is projected to promote market expansion for last mile delivery. Globalization is predicted to fuel the expansion of the last mile delivery business by increasing trade activity and raising concerns about efficient transportation.
Challenges:
Supply chains, trade facilitation, and good infrastructure are essential for logistics. Without them, businesses are forced to accumulate larger stock reserves and working capital, which can significantly impact regional and national competitiveness due to high financial expenses. The logistics market is also hampered by a lack of infrastructure, which drives up costs and undermines the dependability of the supply chain due to significant inefficiencies in transportation, shoddy storage facilities, a complicated tax system, slow adoption of new technology, and inadequate logistical professional skills.
Regional Trends:
North America last mile delivery market position is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. This is explained by the region's high adoption rate of cutting-edge technologies and the rising efficiency level anticipated by last mile deliveries. The region comprises developed nations like the U.S. and Canada, which are important markets for e-commerce and last mile logistics. Besides, the Asia Pacific region had a considerable share of the market. This is attributable to the growing need for customized workflow, automation, and simplifying complex operational processes, which have greatly influenced how firms conduct their operations. Additionally, numerous businesses provide last mile delivery services, one of the services in great demand in the nation.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1631
Recent Developments:
• In March 2022, a Pilot Program by Arcimoto and Directed Technologies was launched to Bring Ultra-Efficient Electric Delivery Vehicles to Australia. A rightsized electric vehicle from Arcimoto and class-leading digital fleet management systems from Directed will work together to optimize last mile delivery choices for the clients while smoothly integrating into their sustainability and technology goals.
• In May 2020, Ryder System Inc. expanded its eCommerce fulfillment network to better serve its customers by adding two new facilities and food-grade capabilities.
Segmentation Of Last Mile Delivery Market-
By Delivery Mode
• Regular Delivery
• Same-Day Delivery or Express Delivery
By Application
• E Commerce
• Retail and FMCG
• Healthcare
• Mails and Packages
• Others
By Destination
• Domestic
• International
By Service Type
• Business-To-Business (B2B)
• Business-To-Consumer (B2C)
• Customer-To-Customer (C2C)
By Vehicle Type
• Motorcycle
• LCV
• HCV
• Drones
By Mode of Operation
• Non-Autonomous
• Autonomous
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/1631
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
The Global Last Mile Delivery Market is estimated to reach over USD 357.45 billion by 2031, exhibiting a CAGR of 10.17% during the forecast period.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1631
A method or service that delivers goods more quickly, easily, and smoothly to the customer is known as last mile delivery. Various businesses or sectors offer the last mile delivery service, whereby they send the product directly from the company outlet or the distribution centre to the customer's location in a predetermined amount of time. The demand for parcel delivery has grown due to the astounding expansion in internet and e-commerce sales in developing nations. This factor might spur the market for last mile deliveries to expand.
In addition, the omnichannel supply chains are improving the logistics and transportation industries' business, which might help the last mile delivery market development. Repeat purchases have increased due to the growing popularity of subscription-based services. These elements could ultimately spur the market for last mile deliveries to flourish. Same-day delivery is one of the main market drivers that have caught consumers' attention, and this factor is probably going to help the last mile delivery sector expand.
List of Prominent Players in The Last Mile Delivery Market:
• A1 Express Services Inc
• Amazon.com
• Aramex
• BEST Inc
• DB Schenker
• Deutsche Post AG (DHL GROUP)
• DPD
• Drone Delivery Canada
• Dropoff, Inc.
• DSV (DSV PANALPINA)
• FedEx
• Flirtey
• Flytrex
• Geodis
• Jet Delivery, Inc.
• Kerry Logistics Network Limited
• Marble Robot
• Matternet
• Power Link Expedite
• Savioke
• S.F. Express
• United Parcel Service, Inc. (UPS)
• USA Couriers
• XPO Logistics, Inc.
• YTO Express Group Co
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
The main forces behind globalization are shifting economic conditions and dynamic market conditions. Various trade-related activities have been seen to increase recently as a result of the development of globalization. Expanding the global market is another important driver of the industry's growth. In the upcoming years, trade activity between cities and surrounding nations is projected to promote market expansion for last mile delivery. Globalization is predicted to fuel the expansion of the last mile delivery business by increasing trade activity and raising concerns about efficient transportation.
Challenges:
Supply chains, trade facilitation, and good infrastructure are essential for logistics. Without them, businesses are forced to accumulate larger stock reserves and working capital, which can significantly impact regional and national competitiveness due to high financial expenses. The logistics market is also hampered by a lack of infrastructure, which drives up costs and undermines the dependability of the supply chain due to significant inefficiencies in transportation, shoddy storage facilities, a complicated tax system, slow adoption of new technology, and inadequate logistical professional skills.
Regional Trends:
North America last mile delivery market position is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. This is explained by the region's high adoption rate of cutting-edge technologies and the rising efficiency level anticipated by last mile deliveries. The region comprises developed nations like the U.S. and Canada, which are important markets for e-commerce and last mile logistics. Besides, the Asia Pacific region had a considerable share of the market. This is attributable to the growing need for customized workflow, automation, and simplifying complex operational processes, which have greatly influenced how firms conduct their operations. Additionally, numerous businesses provide last mile delivery services, one of the services in great demand in the nation.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1631
Recent Developments:
• In March 2022, a Pilot Program by Arcimoto and Directed Technologies was launched to Bring Ultra-Efficient Electric Delivery Vehicles to Australia. A rightsized electric vehicle from Arcimoto and class-leading digital fleet management systems from Directed will work together to optimize last mile delivery choices for the clients while smoothly integrating into their sustainability and technology goals.
• In May 2020, Ryder System Inc. expanded its eCommerce fulfillment network to better serve its customers by adding two new facilities and food-grade capabilities.
Segmentation Of Last Mile Delivery Market-
By Delivery Mode
• Regular Delivery
• Same-Day Delivery or Express Delivery
By Application
• E Commerce
• Retail and FMCG
• Healthcare
• Mails and Packages
• Others
By Destination
• Domestic
• International
By Service Type
• Business-To-Business (B2B)
• Business-To-Consumer (B2C)
• Customer-To-Customer (C2C)
By Vehicle Type
• Motorcycle
• LCV
• HCV
• Drones
By Mode of Operation
• Non-Autonomous
• Autonomous
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/1631
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
