Last mile delivery refers to the movement of people and goods from a transportation hub to a final destination in the home or business. With the exponential rise in the e-commerce industry, there has been an increasing demand for last mile delivery services. The easy availability and preference for online shopping among consumers has made last mile delivery a vital component in the logistics and supply chain industry. The last mile delivery market offers efficient logistics services for the on-time delivery of packages directly to the customers' doorsteps. The key benefits of last mile delivery include convenience to customers, optimized delivery routes, improving the overall customer experience, and strengthening competitive advantage in the e-commerce industry.
The Global Last Mile Delivery Market is estimated to be valued at US$ 174.62 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Last Mile Delivery are Amazon Logistics, DHL Supply Chain, FedEx Corporation, UPS (United Parcel Service), XPO Logistics, Schenker AG, DPD Group, JD Logistics, ZTO Express, Yunda Express, Postmates (Uber), Glovo, DoorDash, Lalamove, and Sendy. The market leaders are focusing on product differentiation, next-day delivery capabilities, and expanding their geographical presence to gain a competitive edge.
There is a rising opportunity for optimized transportation routes, crowd-sourced delivery, and autonomous last mile delivery vehicles considering the increasing volume of packages and rising customer demands for faster deliveries. The major players are investing in R&D to develop innovative last mile delivery solutions and technologies.
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