The global demand for Last Mile Delivery Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021 - 2027.
Last mile delivery is a logistic associated term that describes the transportation of a package or parcle from a pick up point to the final destination. It is important to deliver product by time to earn and maintain customer loyalty. Last mile delivery is increasingly studied field as the number companies operating in the area is growing especially from e-commerce companies in freight transportation, and ride sharing companies in personal transportation.
Flourishing e-commerce, growing millenials, and businesses is steering the growth of global last mile delivery market. Consumers increasingly turn to e-commerce for all their shopping needs speedy fulfillment. Shippers of all sizes have identified last mile logistics as the mainstay to driving growth and profitability. Consumers are willing to pay premiums for better last mile delivery services, such as instant delivery or same-day. New players are entering into the market to grab opportunity. Plyaers are working on minimizing cost, ensuring transparency, increasing efficiency, and improving infrastructure. Along with emerging trends, the market is facing some challenges which include complexity, navigating traffic, and shortage of drivers.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of last mile delivery.
The entire last mile delivery market has been sub-categorized into service type, vehicle type and delivery time. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Service Type
By Vehicle Type
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Customer-to-Customer (C2C)
By Delivery Time
- Commercial Vehicles
- Regular Delivery
- Same-day Delivery
This section covers regional segmentation which accentuates on current and future demand for last mile delivery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Last Mile Delivery Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the last mile delivery market include United Parcel Service of America, Inc., FedEx Corporation, USPS, XPO Logistics Inc., DHL International GmbH, Ryder System Inc., Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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