The delivering process of a consignment, object, or goods into box or envelope from the transportation hub to a final delivering destination is called last-mile delivery. Increase in penetration of internet and expansion of the e-commerce industry has propelled the demand of the last-mile delivery market. The global last-mile delivery market is expected to expand during the forecast period, as the penetration of the internet and preferences of customers for shopping are changing. This, in turn, is anticipated to drive consumer spending on online shopping, which is expected to be ultimately delivered to the customer via a parcel. However, this is projected to require a transportation hub that houses the parcel and delivery person for delivering it to the end-customer. Expansion of transportation and automotive industries has propelled the last-mile delivery market, as it has made last-mile delivery easy, safe, and convenient. Moreover, rise in globalization is also anticipate to boost the last-mile delivery market. Adoption of new technologies, logistic methods, and innovative vehicles is likely to drive the last-mile delivery market. Consistent demand for local delivery, groceries, food commodities, agricultural goods, and small delivery is expected to offer significant opportunities to key players in the last-mile delivery market.
Transportation of goods and services to a small region or territory is a major driver of the last-mile delivery market. Increase in demand for parcel in e-commerce, mails (postal), online food, etc., is driving the last-mile delivery market. Major restraints of the last-mile delivery market include transportation strikes and prices of fuel.
The global last-mile delivery market can be segmented based on customer, end-user, vehicle type, service, and region. Based on customer, the last-mile delivery can be segregated into B2C and B2B. The B2C segment holds a major share of the market. Based on end-user, the last-mile delivery market can be bifurcated into retail, groceries, food, mails, and packages. In last-mile delivery, road transportation is widely preferred for the transportation of packages from transportation hub to the end-user destination, as this way of transportation is safe, secure, and efficient. Based on vehicle type, the last-mile delivery market can be differentiated into motorcycles, drone, LCV and HCV. LCV and HCV is further sub-segmented into pick-ups, vans, and trucks & Lorries. Motorbikes are preferred for the last-mile delivery of small packages, as they are easy and convenient to use and are cost-effective. In terms of region, the global last-mile delivery market can be segmented into Europe, Middle East & Africa, Latin America, Asia Pacific, and North America. Asia Pacific is expected to be a major market for last-mile delivery, as this region is home to major industries and automobile manufacturers. China and India contribute to the increase in demand for last-mile delivery, as these countries have high export and import of goods, which drives the last-mile delivery market in the region. Furthermore, increase in digital buyers (buyers which purchase goods via internet) has increased the demand of the last-mile delivery market in these countries as the increase of couriers and parcel will be increased.
Key players operating in the global last-mile delivery market include Deppon Logistics Co. Ltd, STO Express Co.Ltd, Cainiao Logistics, China Post Express Logistics Co. Ltd/Express Mail Service (EMS), United Parcel Service of America, Inc., DHL International GmbH, FedEx Corporation, Schneider National Inc., XPO Logistics Inc., Ekart Logistics and Amazon.com, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.