Last Mile Delivery Market Size By Service Type (B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer)), By Delivery Time(Regular Delivery, Same-Day Delivery, By End-User(Chemicals Industry, Pharmaceutical & Healthcare Industry, Hi-tech Product Industry, Food and Beverage Industry, Others) Forecast 2027

  • Report ID: BMRC 395 | Number of pages: 198 | Published Date: Sep 2021

    Published | Category: Technology And Media | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Last-Mile Delivery Market is valued at USD 108.10 Billion in 2020 and is expected to reach USD 200.42 Billion in 2027, growing at a CAGR of 9.29% from 2021 to 2027

 

Last Mile Delivery Market report is segmented on the basis of service type, delivery type, end-user, and region & country level. Based upon service type, last mile delivery market is classified into B2B (business-to-business), B2C (business-to-consumer), and C2C (customer-to-customer). On the basis of delivery type, the market is classified into regular delivery, and same-day delivery. On the basis of end-user, the market is classified into chemicals industry, pharmaceutical & healthcare industry, hi-tech product industry, food and beverage industry, and others.

Market Analysis of Last Mile Delivery-

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.

The rise in the online orders has increased the demand for last-mile delivery which has upsurge the growth of many companies in this field. A large number of consumers are ready to pay extra charges for a fast delivery which has led in the increasing demand for the last mile delivery and is projected to increment the growth of the market in the coming years. Advancement in light-duty vehicles such as economic fuel, retail price, and acceleration has helped in increasing the ease in the transportation and operation in carrying end-products to the consumers. Also, road transportation activities are increasing, worldwide which thereby boosting the growth of the market.

The development and introduction of electric vehicles and strict emission standards by OEMs are likely to boost the last mile delivery market growth. However, increasing the unemployment rate because of the introduction of delivery through drones or robots which has replaced the work done by laborers and delivery boys may hinder the growth of the last-mile delivery market in the future.

The regions covered in this last mile delivery market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Last Mile Delivery is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players -

The major players operating in the last mile delivery market are United Parcel Service of America, Inc., FedEx Corporation, USPS (United States Postal Service), XPO Logistics Inc., DHL International GmbH, Ryder System Inc. / MXD Group, Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC (SEKO Logistics), and Others.

Last Mile Delivery

Increasing Adoption of E-Commerce Platform and Addition of Novel Technologies are the Major Factors Driving Factors for the Growth of This Market

The committed e-commerce distribution contracts and expansion of warehousing due to increasing adoption of e-commerce for ordering are boosting the market growth upward and are hugely benefiting logistics providers. Moreover, increasing value-added services is considered to be the key trend in boosting the logistics industry and propelling market growth. Growing focus on sectors like automotive, pharmaceuticals, and high-technology by the logistics providers enhancing market growth.

Likewise, offering value-added additional services which are drawing the consumer attentions are boosting the demand for the last-mile delivery market. Novel technologies such as self-driving vehicles, vehicle management software, augmented reality, robotics, and internet of things applications, are discovering multiple ways into logistics services to enhance service and improve productivity. The major logistics providers are categorized based on asset ownership models, differing service lines, types of customers they serve and geographical scope.

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.

  Report Coverage

Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2027
Market Size in 2020: USD 31,198 Million 
Base year considered 2020
Forecast Period CAGR %: 10.20 %
Market Size Expected in 2027: USD 61,573 Million 
Tables, Charts & Figures: 175
Pages 200
Key Players/Companies United Parcel Service of America, Inc., FedEx Corporation, USPS (United States Postal Service), XPO Logistics Inc., DHL International GmbH, Ryder System Inc. / MXD Group, Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC (SEKO Logistics), and Others
Segments Covered By Service Type, By Delivery Time, By End-User
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Market Segmentation:-

By Service Type:

  • B2B (Business-To-Business)
  • B2C (Business-To-Consumer)
  • C2C (Customer-To-Customer)

By Delivery Time:

  • Regular Delivery
  • Same-Day Delivery

By End-User:

  • Chemicals Industry
  • Pharmaceutical & Healthcare Industry
  • Hi-tech Product Industry
  • Food and Beverage Industry
  • Others

By Regional & Country Level:

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • France
    • Germany
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key Benefits for Market Report–

  • Global market report covers in depth historical and forecast analysis.
  • Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global market report helps to identify opportunities in market place.
  • Global market report covers extensive analysis of emerging trends and competitive landscape.

Last Mile Delivery Trends 2021 

  • Last Mile Logistics Gets Faster Fulfillment
  • Contactless delivery
  • Drones and delivery bots
  • Shippers Turn to Smart Tech for Tracking
  • Increasing urban warehouses

To Know Extra Last Mile Delivery Trends Contact

Last Mile Delivery Statistics

  • Cross Revenue USD 61,573 Million by 2025
  • Expectead To Reach CAGR of 10.2%


Frequently Asked Questions (FAQ) :
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
Last-Mile Delivery Market is valued at USD 108.10 Billion in 2020 and is expected to reach USD 200.42 Billion in 2027, growing at a CAGR of 9.29% from 2021 to 2027
It involves dispatching the products to the end customers. Ultimately it is the last-mile delivery that determines if the product reaches the customer safely and on time, and this doesn't come cheap.
Increasing Adoption of E-Commerce Platform and Addition of Novel Technologies are the Major Factors Driving Factors for the Growth of This Market
United Parcel Service of America, Inc., FedEx Corporation, USPS (United States Postal Service), XPO Logistics Inc., DHL International GmbH, Ryder System Inc. / MXD Group, Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC (SEKO Logistics), and Others
The Asia Pacific is expected to be a key market for last-mile delivery due to the presence of major automobile industries and manufacturers



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Rising E-commerce 2021| Last Mile Delivery Market Trends , Industry Analysis, Size and Growth to 2027 and Analysis 2019-2025

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Last Mile Delivery Market Size By Service Type (B2B (Business-To-Business), B2C (Business-To-Consumer), C2C (Customer-To-Customer)), By Delivery Time(Regular Delivery, Same-Day Delivery, By End-User(Chemicals Industry, Pharmaceutical & Healthcare Industry, Hi-tech Product Industry, Food and Beverage Industry, Others) Forecast 2027

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