Last Mile Delivery Market Surges as E-commerce Boom Fuels Demand for Efficient and Timely Delivery Solutions Till 2030

Detailed analysis of the report "Last Mile Delivery Market" helps to understand the various types of Last Mile Delivery products that are currently in use, along with the variants that would gain prominence in the future by Infinitybusinessinsights.com. This report will help the viewer in Better Decision Making.

The Estimated size of the Global Last Mile Delivery Market is 151.87 billion in 2022 and is expected to grow at a 10.17% CAGR to 357.45 billion by the year 2031. The segment of a journey where goods are carried from a transportation hub or warehouse to the final delivery site is referred to as the last mile delivery or last mile logistics. The goal of last mile delivery is to get products to customers as quickly as possible while keeping prices as low as possible. During last mile delivery, more than half of the shipping costs are incurred. The food, e-commerce, retail, or pharmaceutical industries are where it is most frequently employed.

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The Key companies profiled in the Last Mile Delivery Market are:
Cornershop, Amazon, Loggi, Glovo, Walmart, Mercadoni, Rappi & Others.

Global Last Mile Delivery Market Split by Product Type and Applications

This report segments the Last Mile Delivery Market on the basis of Types:
Drones, Autonomous Ground Vehicles, Droids, Semi-autonomous Vehicles

On the basis of Application, the Last Mile Delivery Market is segmented into:
3C Products, Fresh Products, Others

The category with the biggest revenue share was business-to-consumer (B2C), and it is projected that it would grow. Changes in consumer purchasing habits, an uptick in coordinated omnichannel shopping, and an increase in technological know-how with relation to mobile apps and web-based platforms may all be contributing factors. Additionally, logistic companies will be required to ship items to end users in these countries' remote regions due to the rising demand for e-commerce as a result of the continuous development of emerging economies, the rise of the global middle class, and the spread of internet access.

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The market position for last-mile delivery in North America is anticipated to have the biggest revenue share in the near future. This can be ascribed to the region's high rate of innovation adoption and the anticipated rise in last mile delivery efficiency. The region comprises developed nations like the United States and Canada, which are essential markets for online shopping and last-mile logistics. The market for last mile delivery worldwide is also expected to expand quickly in the Asia Pacific region. This is due to the growing need for customized workflow, automation, and the simplification of complex operational processes, all of which have had a substantial impact on how firms today conduct their operations. Last mile delivery is one service that many businesses provide and is quite popular around the nation.

The emergence of the e-commerce sector, an upsurge in trade activities brought on by globalization, technological advancements in delivery vehicles, and a rise in demand for expedited package delivery are some of the reasons driving the growth of the last mile delivery market. The market's growth is expected to be constrained by a lackluster infrastructure, rising logistics costs, a lack of manufacturer and retailer control over logistics services, and a shaky postal address system. Additionally, a variety of opportunities are expected to arise from the adoption of autonomous delivery to raise demand, reduce costs, and decrease lead times as a result of the multi-modal system adoption and expansion of the e-commerce industry, paired with a rise in B2C deliveries.

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Cumulative Impact of COVID-19 on Market:
A few countries' economies and territories have suffered as a result of the COVID-19 episode's lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

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Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Last Mile Delivery Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Last Mile Delivery Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Last Mile Delivery Market Analysis
Chapter 6 East Asia Last Mile Delivery Market Analysis
Chapter 7 Europe Last Mile Delivery Market Analysis
Chapter 8 South Asia Last Mile Delivery Market Analysis
Chapter 9 Southeast Asia Last Mile Delivery Market Analysis
Chapter 10 Middle East Last Mile Delivery Market Analysis
Chapter 11 Africa Last Mile Delivery Market Analysis
Chapter 12 Oceania Last Mile Delivery Market Analysis
Chapter 13 South America Last Mile Delivery Market Analysis
Chapter 14 Company Profiles and Key Figures in Last Mile Delivery Business
Chapter 15 Global Last Mile Delivery Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...

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