Pune, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The global last mile delivery market size is expected to reach USD 75493.50 million in 2028 and register a rapid revenue CAGR of 10.00% during the forecast period. Key factors such as rapidly growing automotive, retail, food and beverages, and manufacturing industries, latest trend of door-to-door delivery, and advancements in drones, droids, and autonomous ground vehicles are expected to drive global market revenue growth between 2022 and 2028. Get the Sample PDF Copy of Report (Including Full TOC, List of Tables & Figures, and Chart): https://www.xcellentinsights.com/enquiry/sample/193968
Last mile delivery is a process of providing faster, easier and smoother shipping of goods and products directly to the consumers. It is the last step of the total delivery process in which the parcel is moved from a transportation hub to its final destination, usually a personal residence, office, or retail store. Last mile delivery services are rapidly gaining traction owing to changing consumer behavior and lifestyle patterns, growing preference for online shopping, and increasing demand for fast, cost-effective door-to-door delivery. These services are widely used across various sectors such as e-commerce, FMCG, retail, healthcare, and mail and packages.
Factors such as increasing trading activities, changing consumer patterns, rapid advancements in delivery vehicles, and rising inclination towards autonomous delivery are expected to drive global market revenue growth going ahead.
However, factors such as rising corruption in the supply chain, lack of transparency among online sellers, insufficient routing, unpredictability in transit, unavailability of proper delivery infrastructure, and lack of funds to upgrade delivery tools and technology are expected to hamper overall market growth to a certain extent during the forecast period.
List of Key Companies Operating in the Market:
Last Mile Delivery Market Recent Developments:
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The global last mile delivery market has been segmented based on type, application, and region:
Market Segment by Type:
B2C Segment To Register Rapid Revenue CAGR:
The B2C segment is expected to register rapid revenue CAGR over the forecast period owing to rapidly expanding e-commerce sector, rising B2C marketing, increasing penetration of online platforms for shopping, and food delivery, and high focus on improving B2C services.
Market Segment by Application:
3C Products Segment to Account for a Significantly Larger Revenue Share:
The 3C products segment is expected to account for a significantly larger revenue share during the forecast period. This can be attributed to rapidly expanding consumer electronic sector, increasing penetration of internet services and smart devices, rising demand for computer, communication, and consumer electronic products such as smartphones, tablets, smartwatches, digital cameras, and computers, and rising adoption of online delivery.
Last Mile Delivery Market Regional Analysis:
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period. This can be due to rapid advancements in last mile delivery systems, rising penetration of internet and smart devices, rapidly expanding e-commerce sector, and high demand for last mile delivery across food, e-commerce, retail, and pharmaceutical sectors. In addition, presence of robust key players and high focus on improving delivery services are expected to drive North America market growth during the forecast period.
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Autonomous Last Mile Delivery Market: The autonomous last mile delivery market refers to the use of autonomous vehicles to deliver packages and goods from a transportation hub to a final destination, such as a customer's doorstep. This technology is gaining popularity as companies look for ways to streamline their delivery processes and reduce costs. The market is expected to grow rapidly in the coming years as more companies adopt autonomous last mile delivery solutions, and advancements in technology make these solutions more efficient and cost-effective. Read more: https://www.xcellentinsights.com/reports/autonomous-last-mile-delivery-market-447594
Last Mile Delivery by Drones Market: The last mile delivery by drones market involves the use of unmanned aerial vehicles (UAVs) to deliver goods directly to a customer's location. This technology is increasingly being adopted by companies looking to improve the speed and efficiency of their delivery operations, particularly in urban areas with high traffic congestion. The market is expected to grow rapidly in the coming years, driven by advancements in drone technology, improvements in battery life and range, and the increasing demand for faster and more convenient delivery options. Read More: https://www.xcellentinsights.com/reports/last-mile-delivery-by-drones-market-338393
Last Mile in E-commerce Delivery Market: The last mile in e-commerce delivery market refers to the final stage of the delivery process, where packages are transported from a local hub or warehouse to the customer's doorstep. This segment of the e-commerce industry has become increasingly important as more consumers shop online, and companies strive to provide fast and reliable delivery services. The market is highly competitive, with both traditional logistics companies and startups offering a range of last-mile delivery options, such as same-day or next-day delivery, real-time tracking, and flexible delivery windows. Read more: https://www.xcellentinsights.com/reports/last-mile-in-e-commerce-delivery-market-308821
First and Last Mile Delivery Market: The first and last mile delivery market refers to the transportation of goods from a distribution hub to the customer's doorstep, with a focus on the first and last stages of the delivery process. This market segment has become increasingly important in recent years, as e-commerce and urbanization have led to more complex and fragmented supply chains. The market includes a range of transportation modes, from traditional delivery vans and trucks to newer technologies such as drones, autonomous vehicles, and electric bikes. The market is expected to grow rapidly in the coming years, driven by technological advancements, increasing demand for fast and convenient delivery options, and a growing focus on sustainability and reducing carbon emissions. Read more: https://www.xcellentinsights.com/reports/first-and-last-mile-delivery-market-422649
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