Global Last Mile Delivery Market – Industry Analysis and Forecast (2018-2026)

Global Last Mile Delivery Market was valued US$ 29.13 Bn in 2017 and is expected to reach US$ 60.54 Bn by 2026 at a CAGR of 9.58% during the forecast period.

Global Last Mile Delivery Market

Rising number of last mile delivery companies and start-ups, rapid growth in the logistics industry, changing standards of living, expansion of transport facilities, growing penetration of smartphones, increased disposable income, and increasing demand for automation and advancements in technology are some of the primary factors that are propelling the last mile delivery market growth across the globe. As last mile delivery service has a large number of applications in the logistics industry, rising number of last mile delivery companies and start-ups are providing various intense opportunities for the logistics industry.

Augment in population is increasing the consumption and supply of food and other goods across the globe. A number of customers are keen to pay an extra charge for quick delivery, resulting in the high demand for last mile delivery and is anticipated to supplement the overall market growth in the coming years. The ongoing developments in the last mile delivery ecosystem are helping the global market to grow. In addition, acceleration, retail price, fuel economy, ease of operation and interior volume of light-duty vehicles are forcing most logistic companies to use light-duty vehicles. Road transportation activities are increasing across the globe, thereby boosting the overall growth of the market. Development of electric vehicles and stringent emission norms by OEMs are expected to spur the global last mile delivery market during the forecast period. However, an increase in the unemployment rate because of the replacement of laborers and delivery of boys by drones and robots may hinder the global last mile delivery market growth over the forecast time frame.

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The 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, the increase in digital buyers (buyers who purchase goods via the internet) has increased the demand for the last-mile delivery market in these countries as the increase of couriers and parcel will be increased.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end user, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the last mile deliverymarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

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Scope of Global Last Mile Delivery Market

Global Last Mile Delivery Market, By Service Type

• Business-To-Business [B2B]
• Business-To-Consumer [B2C]
• Customer-To-Customer [C2C]
Global Last Mile Delivery Market, By Vehicle Type

• Motorcycle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Drones
Global Last Mile Delivery Market, By Delivery Time

• Regular Delivery
• Same-Day Delivery
Global Last Mile Delivery Market, By Topography

• Rural
• Low Density Cities
• Medium-Density Cities
• High-Density Cities
Global Last Mile Delivery Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Last Mile Delivery 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)

MAJOR TOC OF THE REPORT