Last Mile Delivery Market by Vehicle (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), by Cargo (Dry Goods, Postal, Liquid Goods), by End User (Chemical, Pharmaceutical and Healthcare, FMCG, E-Commerce) by Region (North America, Europe, Asia-pacific, Rest of the World): Global Forecasts 2021 To 2027

Date : Aug 2021

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Report ID : 755

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Category : Automotives & Transportation

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Report Format:  PDF EXCEL PPT WORD

Market Overview:

The Global Last Mile Delivery Market was valued US$ 18.7 Bn in 2020 and is expected to reach US$ 62.7 Bn by 2027, with a growing CAGR of 18.9% during the forecast period (2021-2027)

Last mile delivery is the last step of delivering of goods and services, when parcel is moved from transportation hub and en-routed for final destination at retail store or personal residence of customer. This is one of the most important step of delivery process businesses wants to be quick and efficient in delivering service in every possible way. This is mostly used in food, e-commerce, retail or pharmaceutical industries. Every delivery company aims to provide the best service in less time. Last mile delivery has gained more popularity during covid-19 pandemic times due to growing demand for contactless and home-based delivery service.

Last Mile Delivery Market

Technological advancements and adoption of diversification are the influencing factors of the global last mile delivery market. On the contrary, cost fluctuations is hampering the market. Canada is considered to be the key market for last mile delivery due to expanded e-commerce market present in this region. Further, development in use of electric vehicle because of their high speed, efficiency and eco-friendly features are accounting a tremendous growth in the last mile delivery market across the globe.

The Global Last Mile Delivery Market Segmentation:

By Vehicle Type

  • Light Duty Vehicle
  • Medium Duty Vehicle
  • Heavy Duty Vehicle

By Cargo Type

  • Dry Goods
  • Postal Goods
  • Liquid Goods

By End User

  • Chemical
  • Pharmaceutical and Healthcare
  • FMCG
  • E-Commerce

By Geographical Region

  • North America
  • Europe
  • Asia- Pacific
  • Rest of the World

Based on vehicle type, light duty vehicle accounted major share in terms of revenue of last mile delivery market owing good load capacity and stable

Based on type of vehicle, last mile delivery market is segmented into light duty vehicle, medium duty vehicle and heavy-duty vehicle. Light duty vehicle is expected to hold maximum share in the last mile delivery market as it offers certain advantages over medium and heavy vehicle. Light vehicles are easy to transport, more stable along with good load capacity and fully powered electricity. Moreover, it offers huge speed to the delivery with advantage of having environmentally safe. However, medium and large duty vehicles stood to be the second largest last mile delivery market growth.

Based on cargo type, dry good is expected to have lucrative market growth during forecast period due to less product contamination, easy to transport and store

Based on cargo type, last mile delivery is segmented into dry goods, liquid goods and postal goods. Due to increase in volume of import and export of materials of industry and manufacturing from outside the country or within the country dry goods segment is projected to witness significant growth over the forecast period.

Based on end user type, e-commerce segment accounted the highest market share in year 2020 due to increasing online service platforms

Based on end user type, last mile delivery market is segmented into Pharmaceuticals & healthcare, chemicals FMCG products and E-Commerce. E-commerce is expected to grow at highest CAGR during forecast period. E-commerce helps to enhance customer experience with better last mile delivery experience. Further, this segment helps to reduce cost and provide efficient delivery of services for their customers. Moreover, FMCG is the second largest segment expected to witness the fastest growth during forecast period.

Based on geographical region type, North America region is expected to dominate last mile delivery market due to advances in transportation facility and rising demand of customer for faster delivery

Based on region, last mile delivery is widespread into North America, Asia- Pacific, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia- Pacific region is expected to account the highest growth in  last mile delivery market. This is due to increase in technology, advances in delivery systems, rising online shopping rate and awareness regarding e-commerce sector. On the contrary, North America holds the largest share in the last mile delivery service due to presence of high-tech transportation infrastructure and high demand for fast delivery services.

The report also provides in-depth analysis of last mile delivery dynamics such as drivers, restraints, and opportunities

Drivers

  • Rise in demand for fast delivery and products and services
  • Increase in technology advancements in delivery system like tracking parcels

Restraints

  • Lack of infrastructure for delivery of goods
  • Government regulations hampers the growth of last mile delivery market

Opportunities

  • Development of last mile delivery in untapped market like Asian countries
  • Emergence of different portfolio of products and services creates opportunity for the market

COVID-19 Impact on the Last Mile Delivery Market Analysis:

Covid-19 has highly affected the industries in terms of growth, economy, health and mental wellbeing of every individual. In this challenging situation, every industry is strategizing unique plans to provide the best services in terms of quality and safety. During these pandemic times, when there are restrictions on movement and lockdown condition, last mile delivery market has flourished due to increase in demand for products and services. The increased in adoption of last mile delivery options such as curb side pickups, delivery of subscriptions and supply of parcel were introduced which supported the last mile delivery services across the world.

During covid-19 pandemic, there have been increase in inclination towards adoption of e-commerce across the world. Companies are innovating and updating the delivery services within time or less time to enhance customer services. New innovative techniques have enabled players in last mile delivery industry to come up with more efficient delivery to increase their business during or post covid-19 pandemic

The report also provides in-depth analysis of key trends in Last Mile Delivery market:

  • During the Covid-19 pandemic, increased inclination of cons towards e-commerce has been witnessed across the globe for safe home delivery of products and services
  • Post COVID-19 pandemic, it is expected that last mile delivery will not look the same, as the companies are trying to prepare innovation shift to post lift the restrictions to rapidly adapt their supply chains
  • Development in mapping and delivery system of the e-commerce companies including initiation of in-house delivery service by companies like Amazon. This helps companies control cost and increase customer experience

The report also provides in-depth analysis of recent news developments and investments

  • In May 2021, EV Maker Nexzu Mobility launched electric cargo version called ‘Roadlark’ to meet bulk last-mile delivery needs of e-commerce business across India.
  • In June 2021, REEF partnered with University of Washington’s Urban Freight Lab (UFL) and launched Seattle Microhub with Zero operating Emission for last mile delivery service. This provides innovative and quick ways to test vehicle, delivery models, and technologies and proved to be eco-friendly service.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  • Cargo Carriers Limited
  • FedEx Corporation
  • United Parcel Service Inc.
  • Tuma Transport
  • Swift Transport
  • Interlogix Pty. Ltd.
  • Transtech Logistics
  • Procet Freight
  • Concargo Private Limited
  • J&J Global Limited
  • DB Schenker
  • DHL Global Forwarding
  • TNT Express
  • Kerry Logistics Network Limited
  • KART

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impacts on Last Mile Delivery Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

How big the global last mile delivery market?

The global last mile delivery market was valued at US $ 18.7 Bn in 2020 and is anticipated to reach US$ 62.7 Bn by 2027

What is the estimated market growth rate of last mile delivery industry?

The last mile delivery market is estimated to grow at a compound annual growth rate (CAGR) of 18.9% during 2020-2027

What is the share of Asia-Pacific in last mile delivery market?

In the base year 2020, Asia- Pacific accounted for about 19.0% share in the last mile delivery market

Which is the major restraint in the growth of global last mile delivery market?

Strict regulatory guidelines and inadequate transportation infrastructure hinder the growth of global last mile delivery market.

Who are the key players in the last mile delivery industry?

Few key players include, but not limit up to: Cargo Carriers Limited, Kerry Logistics Network Limited, United Parcel Service Inc., Tuma Transport, Swift Transport, FedEx Corporation, Interlogix Pty. Ltd., Transtech Logistics, Concargo Private Limited, J&J Global Limited, Procet Freight, DB SCHENKER, DHL Global Forwarding, TNT Express and KART.

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Last Mile Delivery Market Table of Contents:

Intorduction

  • Product Outline
  • What is Last Mile Delivery
  • Different types of Last Mile Delivery
  • Analysis of Last Mile Delivery
  • Supply Chain Analysis
  • Covid -19 Impact
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
    • Threats
  • Technology Overview

Regulatory Landscape for Last Mile Delivery

  • Regulations and Standards

Last Mile Delivery Market by Vehicle

  • Light Duty Vehicle
  • Medium Duty Vehicle
  • Heavy Duty Vehicle

Last Mile Delivery Market by Cargo

  • Dry Goods
  • Postal Goods
  • Liquid Goods

Last Mile Delivery Market by End User

  • Chemical
  • Pharmaceutical and Healthcare
  • FMCG
  • E-Commerce

Regional Analysis

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France 
    • Spain
    • Italy
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest Of Asia Pacific
  • Latin America
  • Middle East and Africa

Key Strategic Insights

Market Analysis

  • New Applications
  • Emerging Technologies
  • Opportunity Mapping
  • Critical Success Factors
  • Environmental Impact and Sustainability Issues
  • Consumer Preferences

Key Market Trends / Recent Developments

Competitive Scenario

  • Mergers and Acquisitions
  • Investments
  • Joint Ventures
  • New Product Launches
  • Ranking of Key Players

Key Global Players

  • Cargo Carriers Limited
  • FedEx Corporation
  • United Parcel Service Inc.
  • Tuma Transport
  • Swift Transport
  • Interlogix Pty. Ltd.
  • Transtech Logistics
  • Procet Freight
  • Concargo Private Limited
  • J&J Global Limited

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