Last mile delivery market is anticipated to grow at a CAGR of 8.5% during the forecast period. The growing penetration of mobile computing devices, trade globalization, along with the increase in number of different e-commers vendors is a key factor driving the growth of the global last mile delivery market. According to the Asian Development Bank, Asian cities are growing rapidly, another 1.1 billion people is expected to live in the region’s cities by 2028. Additionally, by 2031, more than 55.0% of the population of Asia will be urban. Rapid urbanization is anticipated to propel the consumer goods demand and this growing demand offers the opportunity for businesses to expand their activities in other countries through online channels, thereby encouraging the last mile delivery market.
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Last mile services play a very important role in logistics market. The e-commerce companies distribute their products to the customers by their network of supply chain or by taking the support of outsourcing companies such as UPS, FedEx Corp., and BlueDart Express. These companies are using several initiatives to attract a large number of e-commerce companies. FedEx Corp. offers domestic pickup-and-delivery services in many non-US countries, including France, UK, Australia, Brazil, Italy, Canada, Mexico, Poland, India, China, and South Africa. The company further offers flexibility in pickup and delivery options.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Last Mile Delivery Market Report Segment
By Service Type
- Business-To-Business (B2B)
- Business-To-Consumer (B2B)
- Customer-To-Customer (C2C))
By Vehicle Type
- Motorcycle
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- Drones
By Application
- E-Commerce
- Retail & FMCG
- Healthcare
- Mail & Packages
- Other
Global Last Mile Delivery Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global last mile delivery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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