NEW YORK, Jan. 28, 2022 /PRNewswire/ -- The Last Mile Delivery market is segmented into two categories based on the service (B2C and B2B) and geography (North America, Europe, APAC, MEA, and South America). The market share is expected to increase by USD 146.96 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 15.06%.
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Parent Market Analysis
Technavio categorizes the last mile delivery market as a part of the global trucking market within the global industrial market.
Technavio uses the total revenue generated by manufacturers to estimate the global last mile delivery market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis. To know more about the levels of growth of the last mile delivery market throughout the forecast period, Download a free sample.
Last Mile Delivery Market Value Chain Analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of last mile delivery is required. The report will help vendors drive costs and enhance customer services during the forecast period.
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The last mile delivery market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of vendors operating in the last mile delivery market, including some of the vendors such as Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., J.B. Hunt Transport Services Inc., Schenker AG, United Parcel Service Inc., United States Postal Service, Werner Enterprises Inc., XPO Logistics Inc.
Backed with competitive intelligence and benchmarking, our research reports on the last mile delivery market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Product Insights and News
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The last mile delivery market share growth in North America will be significant during the forecast period. The US is a key market for last mile delivery in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
Market expansion will be fueled by factors such as the high volume of e-commerce sales and the rise in the number of customers opting for fast and flawless delivery services. The demand for reverse logistics in the last mile delivery model is being driven by a large number of businesses offering free returns and exchanges. As a result, logistics and delivery companies are deploying forward inventories, resulting in reduced delivery wait times. More merchants are transferring their inventory from a single distribution network to smaller hubs as consumers want shorter lead times.
Moreover, countries like the US, China, Germany, the UK, and France are the key market for the last mile delivery market in APAC, owing to the large volume of e-retail purchases and the rise in the number of customers opting for fast and seamless delivery services in this region.
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Key Market Dynamics-
The rise of the B2C e-commerce business around the world has been aided by the increasing prevalence of the Internet and online purchasing. Due to the rising popularity of e-commerce, e-retailers are reducing lead times in order to obtain a competitive advantage and stay afloat in the market. The way customers and retailers engage has also altered as a result of online retailing. Due to the simplicity of making purchases and the convenience of shopping from home, many individuals nowadays prefer to shop online rather than visiting brick-and-mortar establishments to make purchases. The online retailing market in North American countries is expected to witness further expansion and investments during the forecast period.
A major trend in the global last mile delivery market is the growing adoption of advanced technology for real-time tracking, which allows consumers to manage and modify their retail deliveries with the help of easily accessible online tools. Customers benefit from increased transparency and complete control over package delivery when using such technologies. Companies like DHL employ big data analytics to come up with the best delivery route by combining a global positioning system (GPS) and traffic data to make on-time deliveries. This technology not only aids the company's efficiency, but also cuts down on wait times and fuel use.
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Last Mile Delivery Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 15.06%
Market growth 2021-2025
$ 146.96 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 39%
Key consumer countries
US, China, Germany, UK, and France
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., J.B. Hunt Transport Services Inc., Schenker AG, United Parcel Service Inc., United States Postal Service, Werner Enterprises Inc., and XPO Logistics Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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