Autonomous Last Mile Delivery Market 2020-2030
Autonomous Last Mile Delivery Market 2020-2030: Determining the complexities related to last mile delivery, market players have been launching their own programs and collaborating with other players to improve customer experience.
Allied Market Research published a report, titled, “Autonomous Last Mile Delivery Market by Application (Logistics, Healthcare & Pharmaceuticals, Food & Beverages Retail, and Others), Solution (Hardware, Software, and Service), Range (Short Range (20 km)), and Vehicle Type (Aerial Delivery Drones, Ground Delivery Vehicles, and Self-driving Trucks & Bus): Global Opportunity Analysis and Industry Forecast, 2021-2030.” As per the report, the global autonomous last mile delivery industry is projected to value $11.12 billion in 2021 and is anticipated to reach $75.64 billion by 2030, growing at a CAGR of 23.7% from 2021 to 2030.
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The key players analyzed in this report are Matternet, Flirtey, Drone Delivery Canada, Flytrex, Airbus, Amazon, JD.com, Marble, Starship Technologies, and Savioke.
Market players have realized the significance of last mile delivery for improved experience and customer satisfaction. The intricate issues of last mile have been noticed and various solutions have been developed by them. These solutions include deployment of technologically advanced delivery systems and launch innovative programs to improve delivery experience. Moreover, some of the market players have been collaborating with other delivery players to offer better services for delivery. They have been striving to engage and serve customers in a better manner.
Launching technologically advanced robots is the strategy adopted by tech giants to help companies in the last mile delivery. Nokia revealed its autonomous delivery robot (ADR) at Paris research and development facility. This launch may lead to deployment of robots for last mile supply chain. This robot was operating at Paris-Saclay campus of Nokia. It was developed by Last Mile Autonomous Delivery (LMAD), a digital project supported by EIT for developing a software platform for different types of delivery robots. LMAD lead Jean-Philippe Bellaiche outlined that Campus facility manager Sodexo and Nokia took a decision of not delivering parcels below 5 kg to people in campus. This implied that people needed to go to the central warehouse for receiving the parcel. This was inconvenient and ADR can offer the solution. The company plans to operate an extensive pilot program in the first quarter of 2020. The aim of the program is to roll out parcels across the campus and the company needs to overcome obstacles in terms of technology, customer acceptance, and authorizations to achieve this. The market for the autonomous last mile delivery is booming with innovations and new product launches. According to the report published by Allied Market Research, the global autonomous last mile delivery market is expected to reach $75.65 billion by 2030.
In addition to robots, companies have started launching their own delivery services. New last mile delivery service Dolly has been launched by Container Store. This service is focused on customers who buy costly items that are difficult to deliver. The company utilized different last-mile delivery companies for different domains, which costed nearly $20-$30 per order. The service of Dolly would cost nearly $69 per order. Paul de Freitas, the store operations manager at Container Store, outlined that the move to Dolly gave a boost to Container Store’s Net Promoter Score among buyers who availed the service despite the increased cost. The delivery time has been reduced from four hours to 30 minutes. He added that this has provided a great convenience to customers. They get anxious when there was a four-hour window. However, the half hour window is short and they are ready to wait. Dolly’s approach is based on a driver handling a single order at a time. The previous approach of delivery partners involved handling several deliveries at a time and delivering the orders on the route. The new approach of Dolly kept deliveries on schedule.
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Another company Convey, a leading player in Delivery Experience Management (DEM) announced the partner program ConveyPLUS. This program consists of a network of more than 20 partners that offer joint solutions to improve and extend impact of DEM across last mile delivery initiatives. This ecosystem would enhance the current investments along with helping retailers offer fast and efficient delivery experience. Michael Miller, Chief Product & Strategy Officer at Convey, outlined that as leaders in DEM, it understands the last mile delivery and business challenges of the retail customers. The last mile is complex and its new program offers a connective tissue for moving pieces. This program is designed for ensuring less time of delivery for its customers and partners. This also gives the competitive edge to retailers and provides maximum returns on its supply chain investments.
Along with launching their own network, some companies have been collaborating with delivery providers. Foodkart, the largest food delivery network in the GCC, collaborated with GetSwift Limited for its SaaS-based last-mile logistics platform. The company will utilize the services of GetSwift in the UAE, Qatar, Oman, and Bahrain. Its critical features such as efficient dispatch of drivers along with management of thousands of orders in real time will help Foodkart. Jithin Sreekumar, Founder and Chief Executive Officer of Foodkart, highlighted that the company tested the software for three months and impressed with the functionality. The company always looked for a delivery management system that offers ease in use and efficiency for its drivers and clients. Foodkart serves nearly 18,000 deliveries each day to more than 500 clients that include local companies along with multinationals. This management system of GetSwift also provides accuracy to its operational team.
Based on vehicle type, the ground delivery bot segment is expected to dominate the global autonomous last mile delivery market by 2021, in terms of revenue. In addition, based on application, the retail segment is expected to lead the market throughout the forecast period. North America is expected to be the highest revenue contributor, and is projected to garner the highest revenue in the global market during the forecast period, followed by Europe, Asia-Pacific, and LAMEA.
Press Release: Autonomous Last Mile Delivery Market to Reach $75.64 Billion, Globally, by 2030 at 23.7% CAGR: Allied Market Research | https://www.prnewswire.com/news-releases/autonomous-last-mile-delivery-market-to-reach-75-64-billion-globally-by-2030-at-23-7-cagr-allied-market-research-300991260.html
Drivers, restraints, and opportunities-
Demand for fast delivery of packages, and technological advancements in delivery vehicles are the major factors driving the growth of the autonomous last mile delivery market. On the other hand, lack of required infrastructure to support operations of autonomous delivery services, and stringent government regulations impede the growth to some extent. However, development of aerial delivery drones, and efficient way to deliver packages are expected to usher in a number of opportunities in the industry.
The ground delivery bots segment to dominate till 2030-
Based on vehicle type, the ground delivery bots segment is expected to contribute to nearly two-fifths of the global autonomous last mile delivery market share in 2021, and would retain its dominance by the end of 2030. This is due to the developments carried out by various companies toward delivering the products to the end customers without least human involvement. The Aerial delivery drones’ segment, on the other hand, would grow at the fastest CAGR of 26.1% during 2021-2030. Zero interruption in the way while delivering the product to the customers boosts the growth of the segment.
The retail segment to rule the roost during the forecast period-
Based on application, the retail segment is anticipated to account for more than one-fourth of the global autonomous last mile delivery market revenue in 2021, and would rule the roost throughout the forecast period. Increased demand of retail goods from the customers fuels the growth of the segment. The same segment is also expected to register the fastest CAGR of 26.8% during the estimated period.
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North America to lead the trail by 2026-
Based on geography, North America is projected to generate the major share in 2021, holding two-fifths of the global autonomous last mile delivery market. Adoption of advanced technology along with constant development in last mile delivery system is creating huge demand to invest in autonomous last mile delivery market from the giant players operating in this business across the province. The region is also predicted to cite the fastest CAGR of 25.9% during 2021-2030.
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