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What CAGR And Valuation Are Anticipated For The First and Last Mile Delivery Market?

The size of the first and last mile delivery market has experienced significant growth in the past few years. The market is expected to expand from $186.31 billion in 2024 to $204.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The robust growth seen in the historic period can be credited to several factors including the e-commerce surge, the customer’s need for fast and convenient services, environmental considerations, investments made in delivery infrastructure, and the emergence of on-demand services.

The market size of first and last mile delivery is predicted to witness a rapid expansion in the coming years, escalating to a value of $303.13 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 10.4%. The surge in the forecast period is attributed to the employment of autonomous vehicles, enlargement of same-day delivery services, personalization of delivery options, enhanced collaboration in urban mobility, and adoption of sustainable practices. Predominant trends for the forecast period comprise of autonomous delivery vehicles, micro-fulfillment centers, the emergence of electric and low-emission vehicles, incorporation of superior route optimization techniques, real-time tracking and visibility, and implementation of contactless delivery solutions.

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What Market Forces Are Contributing To The Growth Of The First and Last Mile Delivery Market?

The increase in online commerce is set to fuel the growth of the first-and last-mile delivery markets. E-commerce, which primarily takes place over the internet, involves the trading of goods and services. The first-and last-mile delivery service, acting as a bridge between the vendor and the final consumer, aids both parties during a transaction. The surge in e-commerce is likely to boost the first-and last-mile delivery market. For example, the United States Census Bureau, a government agency in the US, reported in November 2023 that the third quarter of that year saw US retail e-commerce sales amount to $284.1 billion. This represented a 7.6% increase compared to the same period in 2022 and accounted for 15.6% of total sales. Therefore, the burgeoning e-commerce sector is propelling the first and last-mile delivery market.

Which Segmentation Factors Are Critical In The First and Last Mile Delivery Market Analysis?

The first and last mile deliverymarket covered in this report is segmented –

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

Subsegments:

1) By Dry Goods: Consumer Electronics, Apparel And Footwear, Home Goods And Furniture

2) By Postal: Letters And Documents, Small Packages, Bulk Mailing Services

3) By Liquid Goods: Beverages, Chemicals, Food Products

What Are The Dominant Trends Currently Seen In The First and Last Mile Delivery Market?

The emergence of tech innovations is an evolving trend that’s swiftly gaining traction in the first- and last-mile delivery markets. Predominant firms within these markets are channeling their resources towards the invention of new tech solutions to consolidate their market stance. For instance, in September 2022, Celcius Logistics Solutions Pvt Ltd, a firm in the Indian cold-chain marketplace, unveiled the Smart Last Mile Delivery Platform. This platform incorporates a digitally empowered inventory management system (IMS) and IoT devices for real-time tracking, which allows product visibility from beginning to end. This system minimizes waste, streamlines delivery schedules, and augments food security by escalating the proficiency of cold supply chains in India.

Which Organizations Are At The Forefront Of The First and Last Mile Delivery Market?

Major companies operating in the first and last mile delivery market include FedEx Corporation, DHL Global Forwarding, Cargo Carriers Limited, United Parcel Services Inc., Concargo Private Limited, TNT Holdings B.V., Transtech Logistics Pvt Ltd., DB Schenker, Swift Transportation Company, Kerry Logistics Network Limited, KART, XPO Logistics, DSV A/S, J.B. Hunt Transport Inc., Agility, CEVA Logistics, STO Express, Dachser Group SE & Co. KG, The Toll Group, C.H. Robinson, China Post Group Corporation, Kuehne + Nagel International AG, GEODIS, Nippon Express Co. Ltd.

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Which Region Is Leading Innovation In The First and Last Mile Delivery Market?

Asia-Pacific was the largest region in the first and last mile delivery market in 2024. The regions covered in the first and last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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