Last Mile Delivery Market is valued at USD 31,198 Million in 2018 and expected to reach USD 61,573 Million by 2025 with the CAGR of 10.2% over the forecast period.
Last-mile delivery is a service which delivers the items to an end-user as fast as possible. It is defined as the movement of items from the transportation hub to the final destination. The rapid growth in the logistics industry coupled with an increase in the demand for the last mile delivery services is driving the growth of the last-mile delivery market. Moreover, growing expansion in transport facilities by the major companies as well as start-ups companies has boosted the growth of the market. The changing living standards and high penetration growth of smartphones are also contributing to the growth of the market. Additionally, advancement & automation in the technology due to rising disposable income and growing capacity are some of the factors propelling the growth of the last mile delivery market.
Increasing Adoption of E-Commerce Platform and Addition of Novel Technologies are the Major Factors Driving Factors for the Growth of This Market
Asia-Pacific is expected to be the Most Prominent Market for the Last Mile Delivery
Geographically, Last Mile Delivery Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific is expected to be a key market for last-mile delivery due to the presence of major automobile industries and manufacturers. The emerging countries such as China and India have high export and import of goods and is expected to contribute to the increasing demand for last-mile delivery in the APAC region. Moreover, the rise of e-commerce buyers has increased the inbound & outbound of couriers and parcel which has increased the demand for the last-mile delivery in this field.
XPO Logistics was founded in 2011 and have Specialties in Freight Brokerage, Expedited Transportation, Global Forwarding, Intermodal, Last Mile, Contract Logistics, and Supply Chain Management.
XPO provides pivotal supply chain solutions to the most successful companies in the world. We’re constantly looking for talented individuals at all levels to join our 100,000-strong workforce and deliver the caliber of service our customers require. If you’re ready to move the world forward, we’d like to invest in you. (NYSE: XPO)
Established in 1969 and headquarter in Bonn. DHL is the main worldwide brand in the coordination’s business. Our divisions offer an unparalleled arrangement of coordination’s administrations extending from public and universal bundle conveyance, online business delivery and satisfaction arrangements, worldwide express, street, air and sea transport to mechanical flexibly chain the board. With around 380,000 representatives in excess of 220 nations and regions around the world, DHL interfaces individuals and organizations safely and dependably, empowering worldwide economical exchange streams. With specific answers for development markets and businesses including innovation, life sciences and human services, building, fabricating and vitality, auto-versatility and retail, DHL is conclusively situated as "The coordination’s organization for the world".
Founded in 1923 and headquarter in Fort Smith, Arkansas.
ArcBest (ARCB) delivers integrated logistics solutions for a variety of supply chain challenges. With a relentless focus on meeting customer needs, we provide solutions that uncomplicated shipping and logistics says the company.
Head Quarter in Washington, D.C. As the United States Postal Service proceeds with its development as a ground breaking, quick acting organization equipped for giving quality items and services to its clients, it keeps on recollecting and commend its foundations as the main public system of interchanges that actually bound a country together. Our own is a glad legacy based on a straightforward yet significant crucial: the country together. Interface each American, each entryway, each business, wherever through the straightforward demonstration of conveying mail and bundles. This thought of general service is at the core of the $1.4 trillion industry that utilizes more than 7.5 million individuals and drives business, has a vital impact in each American people group and remains the best estimation of any post on the planet.
The Postal Service conveys more mail to a greater number of addresses in a bigger topographical territory than some other post on the planet. The Postal Service conveys to in excess of 157 million locations in each state, city and town in this nation. Everybody living in the United States and its regions approaches postal items and services and pays a similar postage paying little mind to their area. The Postal Service gets no duty dollars for working costs and depends on the offer of postage, items and services to finance its tasks
Established in 1973 and headquarter in Memphis, TN. FedEx associates individuals and potential outcomes through our overall arrangement of delivery, transportation, internet business and business administrations. We offer incorporated business applications through our cooperatively overseen working organizations — aggregately conveying remarkable support of our clients — utilizing the ability and unwavering quality spoke to by the FedEx brand.
Our kin are the establishment of our prosperity, and FedEx has reliably positioned among the world's generally appreciated and confided in managers. We rouse our worldwide workforce of in excess of 400,000 representatives to remain completely, emphatically centered around security, the most noteworthy moral and expert principles, and the requirements of their clients and networks.
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24 Sep 2020