Last-Mile Delivery Market By Service Type (Business-to-Consumer (B2C), Business-to-Business (B2B), and Customer-to-Customer (C2C)). By Vehicle Type (Motorcycle, and Commercial Vehicles). By Delivery Time (Regular delivery, and Same-day delivery). By Topography (Rural, Low-density cities, Medium-density cities, and High-density cities).
Report Code : BII 937 Jan-2022 Semiconductor & Electronics Format : PDF Pages : 210
Last-Mile Delivery Market Overview
Increased client expectations for faster delivery, as well as the rising popularity of Omni channel commerce, are driving the industry. The movement of goods from a distribution center to the end-user, who is often the last delivery destination, is referred to as last-mile delivery. Last-mile delivery companies are primarily focused on getting items to end customers as soon as possible.
Commodity transportation using rail networks and container ships is the most efficient and cost-effective way of shipment. Commodities must be delivered to their final destination after they arrive at high-capacity ports.
Several variables, including increased digitization, linear rise in the number of online customers, the growing popularity of online food and online shopping, and many more, are driving the demand for last-mile delivery. One of the primary factors driving the growth of the last mile delivery industry is the rapid proliferation of e-commerce throughout the world.
A significant percentage of customers are prepared to pay additional costs for faster delivery, which has raised the demand for last-mile delivery and is projected to fuel market development in the coming years. Economic fuel, retail price, and acceleration in light-duty vehicles have contributed to improving the ease of transportation and operation in transporting end-products to customers. Furthermore, worldwide road transportation operations are increasing, which is driving market expansion.
Market Size
According to Business Intelligence Insights The global Last-Mile Delivery Market was valued at USD 175.9 billion in 2021 and is predicted to increase at a CAGR of 9.7% to USD 368.9 billion during the
forecast period 2022-2028
Market Dynamics
Drivers
- Automation technology integration
- Increasing desire for speedier delivery.
Restraints
- Inadequate transportation and package delivery infrastructure
Segmentation Insights
By Vehicle Type
Motorcycle category dominated the market with a major share of the market share
The motorcycle vehicle sector accounted for the vast majority of the market share due to its ease of transportation, low cost, and acceptable load capacity. Furthermore, due to an increase in demand for large-scale export/import of raw materials for manufacturing in order to improve the market segment, this segmentation is predicted to be the fastest-growing sector in the last mile delivery market in the next years.
By Service Type
B2C category dominated the market with a major share of the market share
The B2C sector now leads the last mile delivery industry and is expected to continue to do so during the projected period. The last mile in B2C differs from the last mile in B2B. As a result, carriers delivering to the final mile have a number of challenges, including a high level of unpredictability in terms of client and transit availability.
By Service Type
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Customer-to-Customer (C2C)
By Vehicle Type
- Motorcycle
- Commercial Vehicles
By Delivery Time
- Regular delivery
- Same-day delivery
By Topography
- Rural
- Low-density cities
- Medium density cities
- High-density cities
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East and Africa
- UAE
- South Africa
- Rest of the Middle East and Africa (MEA)
Key Players
- United Parcel Service of America, Inc.
- FedEx Corporation
- USPS (United States Postal Service)
- XPO Logistics Inc.
- DHL International GmbH
- Ryder System Inc.
- Schneider National Inc.
- J.B. Hunt Transport Inc.
- ArcBest Corporation
- SEKO Worldwide LLC
Regional Insights
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Asia Pacific dominated the market with a major share of the market share
Due to the increased popularity of online food and shopping in the region, Asia Pacific is the fastest-growing region in the last mile delivery sector. Online shopping and food ordering are becoming more popular. Furthermore, the increased adoption of online payment platforms, as well as the various promotional offers and discounts provided by online payment apps such as Phonepe, Paytm, Amazon Pay, and Google Pay, has significantly aided the growth of the last mile delivery transportation market in this region. Due to the conveniences associated with it, rising employment levels and consumers' busy and hectic schedules are pushing the sale of last-mile delivery transportation. All of these reasons have contributed to the Asia Pacific region having the fastest-growing last-mile delivery transportation sector.
Table
Report Attributes |
Details |
|---|---|
| Market Size Value in 2021 | USD 175.9 billion |
| Market Size Value in 2030 | USD 368.9 billion |
| Growth Rate | 9.7% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | (USD Billion) |
| Countries Covered | North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE |
| Segments Covered | By Service Type , By Vehicle Type, By Delivery Time, By Topography, By Region |
| Competitive landscape | Leading companies, Competitive strategies and Consumer engagement scope |
| Customization is available | If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions |