The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

 

Rapid Growth Driven by E-Commerce

• E-commerce sales soared to $870 billion in 2021 in the US alone.
• Global e-commerce increased from 15% to 21% of total retail sales from 2019 to 2021.
• Rise in e-commerce fuels demand for first- and last-mile delivery services.

Key Players in the Market

• Major companies include FedEx Corporation, DHL Global Forwarding, United Parcel Services Inc., and more.

 

 

Advancements In Technology Transforming The Landscape Of First- And Last-Mile Delivery Markets

Innovative Technological Solutions

• LogiNext launched MILE, an integrated last-mile delivery platform.
• AI-powered route planner enhances efficiency and customer experience.

UPS Acquires Delivery Solutions

• United Parcel Services Inc. acquired Delivery Solutions to bolster its digital leadership.
• Strengthening customer-first strategy through last-mile SaaS delivery services.

 

 

View More On The First and Last Mile Delivery Market Report 2024 – https://www.thebusinessresearchcompany.com/report/first-and-last-mile-delivery-global-market-report

 

 

Segmentation and Regional Analysis

Market Segmentation

1. By Type: Dry Goods, Postal, Liquid Goods
2. By Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle
3. By End Use: Chemical, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Hi Tech Product, Food And Beverage, Other End Uses

Asia-Pacific Dominates

• Asia-Pacific emerged as the largest region in the first and last mile delivery market in 2023.

 

 

Future Outlook: Growth and Trends

Robust Growth Expected

• Market size projected to reach $189.56 billion in 2024 with a CAGR of 10.6%.
• Estimated to grow to $278.56 billion in 2028 at a CAGR of 10.1%.

Key Drivers of Growth

• Integration of autonomous vehicles and expansion of same-day delivery services.
• Customization of delivery options and increased collaboration in urban mobility.
• Implementation of sustainable practices and rise of electric vehicles.

Emerging Trends

• Autonomous delivery vehicles and micro-fulfillment centers.
• Adoption of electric and low-emission vehicles for eco-friendly delivery.
• Integration of advanced route optimization and real-time tracking solutions.
• Contactless delivery solutions to meet changing consumer preferences.

 

 

Conclusion

The first-and last-mile delivery market is witnessing significant growth driven by the surge in e-commerce and technological advancements. Companies are leveraging innovative solutions to enhance efficiency and customer experience. With the rise of autonomous vehicles and sustainable practices, the market is poised for continued expansion in the coming years. As demand for speed, convenience, and eco-friendly delivery options increases, the industry is adapting to meet evolving consumer needs, ensuring a seamless delivery experience from start to finish.

 

 

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The First and Last Mile Delivery Global Market Report 2024 provides comprehensive insights on the first and last mile delivery market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the first and last mile delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

 

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