Growing Use of E-Commerce Industry and Demand for Fast Deliveries is Escalating the Growth of Last Mile Delivery Market

The last few years have witnessed tremendous growth in online shopping and e-commerce platforms coupled with improved delivery services, significantly driving the last-mile delivery market. Last-mile delivery is mostly used in food, e-commerce, retail, or pharmaceutical industries since it aims to deliver items to customers as quickly as possible while minimizing company costs. The rising penetration of the internet and increasing use of smartphones is also boosting the online shopping and e - commerce industry, further propelling the last-mile delivery market growth. Furthermore, the strong focus on technological advances such as the use of drones for delivery, and real-time tracking of the deliverables will fuel the global last-mile delivery market growth during the forecast period.

According to Marketlook Consulting’ research report “Global Last Mile Delivery Market Analysis, 2021”, the Last Mile Delivery Market is anticipated to grow at a CAGR 7.9% during 2022-29. The market would reach USD 292.3 billion by 2029.

Based on service type, the last mile delivery market is segmented into Business to Business (B2B), Business to Consumer (B2C), and Consumer to Consumer (C2C). The B2C segment is expected to dominate the market due to the growth of the e-commerce sector and the rise of digital payment modes through which customers can pay anytime, anywhere. The B2C segment relies on the efficiency of branding and marketing. The B2B segment primarily comprises the supply of raw materials, semi-produced goods, and finished products. 

“Global Last Mile Delivery Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for last-mile delivery providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies formulate Go to Market Strategies and identify the blue ocean for its offerings.      

North America Dominated the Market

Based on leading regions, North America is projected to dominate the Last Wheel Drive Market during the forecasted period 2022-29 as the presence of a large number of companies that are offering last-mile delivery. Furthermore, the increasing adoption of advanced technologies in the region along with the rising level of efficiency depicted by last-mile delivery providers is significantly driving the market growth. In addition, the growing industrial sectors such as automotive, manufacturing, retail, food & beverage are driving the growth of freight as well as the logistics market is projected to fuel the demand for last wheel delivery market in the forthcoming period as stated in Marketlook Consulting research report “Last Mile Delivery Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global last mile delivery market are Walmart Inc, Ryder Systems Inc, Target Corporation, Amazon Inc, Seko Logistics, A1 Express Services Inc., XPO Logistics, DB Schenker, Deutsche Post AG (DHL GROUP), FedEx.

Market Segmentation:

1. By Service Type (Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C))
2. By Vehicle Type (Motorcycle, LCV, HCV, Drones)
3. By Application (E-Commerce, Retail & FMCG, Healthcare, Mail & Packages, Others)
4. By Mode of Delivery (Regular delivery, Same - day delivery/ Express delivery)
5. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)
6. By Company (Walmart Inc, Ryder Systems Inc, Target Corporation, Amazon Inc, Seko Logistics, A1 Express Services Inc., XPO Logistics, DB Schenker, Deutsche Post AG (DHL GROUP), FedEx.)

Key questions answered in the study:

1. What are the current and future trends of the last-mile delivery industry?
2. How has the industry been evolving in terms of user types, demand, and application areas?
3. How has the competition been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the last-mile delivery industry?
5. What is the customer orientation, purchase behavior, and expectations from the last-mile delivery providers across various regions?