Last Mile Delivery Market: Growth drivers and restraints impacting the dynamics 2019–2027|CEVA Logistics AG, DB Schenker (Deutsche Bahn AG), DHL (Deutsche Post AG)

The global last mile delivery market accounted to US$ 1.99 Bn in 2018 and is expected to grow at a CAGR of 16.7% during the forecast period 2019 – 2027, to account to US$ 7.69 Bn by 2027.

Geographically, the last mile delivery market is segmented into North America, APAC, Europe, Middle-East and Africa, and South America regions. North America leads the last mile delivery market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The growing industrial sector such as automotive, manufacturing, retail, food & beverages industries is driving the growth of freight as well as logistics market in the North America region. The e-commerce industry has recorded robust growth, and it is possible because of the efficient and effective logistics and supply chain management.

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Global Last Mile Delivery Market - Company Profiles: CEVA Logistics AG,DB Schenker (Deutsche Bahn AG),DHL (Deutsche Post AG),DSV A/S,FedEex Corporation,GEODIS,KUEHNE + NAGEL International AG,Nippon Express Co., Ltd.,XPO Logistics, Inc.,United Parcel Service, Inc.

Europe is the second largest market in the last mile delivery market. Apart from North America and Europe, Asia Pacific remains at the third largest geographic segment in the last mile delivery market. Moreover, the factors which strengthen the outlook of last mile deliveries are increased interest of customers in outsourcing a more extensive range of logistics services. Along with this, continual growth in internationalization is expected to deliver substantial growth opportunity to the industry players in Europe. Such initiatives would help the logistics service providers to introduce new solutions with advanced technologies in the last mile delivery market.

Market Insights

Continuous growth in the demand on-time delivery by the consumers

Customers are becoming sophisticated related to what they expect or demand from last-mile deliveries. In addition to this, many customers opt for instant or same-day delivery if these are available at affordable prices. With a rising demand for last mile delivery and fulfillment of the same business and consumer packages within a specified timeframe, excellence in final mile deliveries has become critical. Fortunately, shippers, logistics and technology providers’ looks ahead to fulfill all expected demand of customers timely through accepting innovative technologies designed for last mile deliveries. This factor is expected to influence the growth of last mile delivery market.

Endless developments to evolve entire business trade

The outlook of last-mile delivery is changing rapidly. Technology stands at the center stage and transforming itself to become more responsive, lean, and capable able to fulfill all customer expectations. Many trucking companies are developing their supply chain and delivery process by accepting innovations. Some of the technologically driven trends which help in reforming the last-mile delivery consist of a mobile warehouse, gig economy and crowdsourcing applications, on-demand drivers, and robotization in the supply chain management. This trend is anticipated to provide prosperous opportunities to the market to grow in the region; thus, positively impacting the last mile delivery market.

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GLOBAL LAST MILE DELIVERY MARKET SEGMENTATION

Global Last Mile Delivery Market – By Technology

  • Drones
  • Autonomous Ground Vehicles
  • Droids
  • Others

Global Last Mile Delivery Market - By Type

  • B2B
  • B2C

Global Last Mile Delivery Market - By Application

  • 3C Products
  • Fresh Products
  • Others

Global Last Mile Delivery Market - By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • South Korea
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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Posted by on Tuesday December 10 2019, 2:03 AM EDT. All trademarks acknowledged. Filed under Business Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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