Global Last Mile Delivery Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Last Mile Delivery market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Last Mile Delivery Market is valued at USD 31,198 Million in 2018 and expected to reach USD 61,573 Million by 2026 with the CAGR of 10.2% over the forecast period. Rapid Growth of the Logistics Industry is the Key Factors driving for the Growth of Last Mile Delivery Market.
Last-mile delivery is a service which delivers the items to an end-user as fast as possible. It is defined as the movement of items from the transportation hub to the final destination. The rapid growth in the logistics industry coupled with an increase in the demand for the last mile delivery services is driving the growth of the last-mile delivery market. Moreover, growing expansion in transport facilities by the major companies as well as start-ups companies has boosted the growth of the market.
The changing living standards and high penetration growth of smartphones are also contributing to the growth of the market. Additionally, advancement & automation in the technology due to rising disposable income and growing capacity are some of the factors propelling the growth of the last mile delivery market.
The rise in the online orders has increased the demand for last-mile delivery which has upsurge the growth of many companies in this field. A large number of consumers are ready to pay extra charges for a fast delivery which has led in the increasing demand for the last mile delivery and is projected to increment the growth of the market in the coming years. Advancement in light-duty vehicles such as economic fuel, retail price, and acceleration has helped in increasing the ease in the transportation and operation in carrying end-products to the consumers. Also, road transportation activities are increasing, worldwide which thereby boosting the growth of the market.
The development and introduction of electric vehicles and strict emission standards by OEMs are likely to boost the last mile delivery market growth. However, increasing the unemployment rate because of the introduction of delivery through drones or robots which has replaced the work done by laborers and delivery boys may hinder the growth of the last-mile delivery market in the future.
Last mile delivery market report is segmented on the basis of service type, delivery type, end-user, and region & country level. Based upon service type, last mile delivery market is classified into B2B (business-to-business), B2C (business-to-consumer), and C2C (customer-to-customer). On the basis of delivery type, the market is classified into regular delivery, and same-day delivery. On the basis of end-user, the market is classified into chemicals industry, pharmaceutical & healthcare industry, hi-tech product industry, food and beverage industry, and others.
The regions covered in this last mile delivery market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Last Mile Delivery is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Last Mile Delivery Market Report: The major players operating in the last mile delivery market are United Parcel Service of America, Inc., FedEx Corporation, USPS (United States Postal Service), XPO Logistics Inc., DHL International GmbH, Ryder System Inc. / MXD Group, Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC (SEKO Logistics), and Others.
Increasing Adoption of E-Commerce Platform and Addition of Novel Technologies are the Major Factors Driving Factors for the Growth of Last Mile Delivery Market:
The committed e-commerce distribution contracts and expansion of warehousing due to increasing adoption of e-commerce for ordering are boosting the market growth upward and are hugely benefiting logistics providers. Moreover, increasing value-added services is considered to be the key trend in boosting the logistics industry and propelling market growth. Growing focus on sectors like automotive, pharmaceuticals, and high-technology by the logistics providers enhancing market growth. Likewise, offering value-added additional services which are drawing the consumer attentions are boosting the demand for the last-mile delivery market.
Novel technologies such as self-driving vehicles, vehicle management software, augmented reality, robotics, and internet of things applications, are discovering multiple ways into logistics services to enhance service and improve productivity. The major logistics providers are categorized based on asset ownership models, differing service lines, types of customers they serve and geographical scope.
Asia-Pacific is expected to be the Most Prominent Market for the Last Mile Delivery:
Geographically, Last Mile Delivery Market report is segmented into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific is expected to be a key market for last-mile delivery due to the presence of major automobile industries and manufacturers. The emerging countries such as China and India have high export and import of goods and is expected to contribute to the increasing demand for last-mile delivery in the APAC region. Moreover, the rise of e-commerce buyers has increased the inbound & outbound of couriers and parcel which has increased the demand for the last-mile delivery in this field.
Global Last Mile Delivery Market Segmentation:
By Service Type:
By Delivery Time:
â€¢Pharmaceutical & Healthcare Industry
â€¢Hi-tech Product Industry
â€¢Food and Beverage Industry
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Last Mile Delivery Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Last Mile Delivery market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Last Mile Delivery market.
Chapter 2: Evaluating the leading manufacturers of the global Last Mile Delivery market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Last Mile Delivery market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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