London, Sept. 29, 2022 (GLOBE NEWSWIRE) -- The World Economic Forum estimates a massive 60% hike in demand for last mile delivery services in top 100 cities of the world over the course of the next 10 years. Fairfield Market Research offers a deep analysis of global last mile delivery market and sheds light on the assessment of how the market has been witnessing stupendous growth outlook post the global COVID-19 pandemic. The market is expected to worth US$720.9 Bn toward the end of 2025. Exponential growth of e-commerce industry, and the trend waves established amid the pandemic situation have provided a collective impetus to the doorstep delivery trend. This according to the report will play out as the key factor driving the growth of last mile delivery market. While the impact of pandemic continues to act as a major catalyst in establishment of autonomous, and contactless delivery models in last mile delivery market, the rise of electric vehicles will also hold its influence over the performance of market.
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Kay Research Insights
- Worldwide demand for last mile delivery is expected to rise at a robust 16.6% CAGR during 2021 – 2025
- With over 37% share, FMCG remains the dominant revenue generating segment
- Asia Pacific that was worth around US$141.9 Mn in 2020 remains the most lucrative market for last mile delivery service providers
Insights into Segmental Analysis
The last mile delivery market expects the maximum growth in FMCG sector. Service providers witnessed a sudden hike in demand with overnight proliferation of the doorstep delivery trend. Daily essentials, and FMCGs typically continued to top the list of items in demand amid the lockdowns, as well as even after the pandemic subsided. Deepening smartphone penetration, and growing ubiquity of e-commerce and allied markets across both the urban and rural locations further boosted FMCG’s contribution toward last mile delivery market growth. FMCG will thus maintain the lead, followed by the other key segments, i.e., pharma & healthcare, and F&B supplies.
Insights into Regional Analysis
Multiple revenue generation opportunities are likely to flock the last mile delivery markets in Asia Pacific. Large consumer population, unprecedented e-commerce expansion, and rapidly evolving consumer lifestyles collectively elevate the overall scope of growth for last mile delivery market across Asian countries. Asia Pacific is likely to remain at the forefront of revenue generation primarily on the back of an influx of new e-commerce platforms, and momentous growth in online shopping trend. With a strong foreign trade investment scenario, Asia Pacific last mile delivery market will experience significant opportunities in FMCG, beauty and personal care, and fashion apparel.
Key Report Highlights
- Delivery of dry goods most in demand, whereas light commercial vehicles, and two-wheelers most preferred by service providers
- Demand for regular delivery remains preferred over fast/same day delivery services
- Technological advances continue to play a vital role in building efficiency of last mile delivery systems
Leaders in Last Mile Delivery Space
FedEx Corporation, CEVA Logistics, Cargo Carriers, Nippon Express Co., Ltd., CJ Logistics, Kuehne + Nagel, Concargo Private Ltd, Interlogix Pty Ltd., DB SCHENKER, DHL Paket GmbH, Estes Express Lines, J&J Global Limited, Yamato Holdings Co., Ltd., KART, and United Parcel Service Inc.
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REPORT SCOPE
| Report Attributes | Details |
| Base Year | 2020 |
| Forecast Year | 2021 - 2025 |
| Market Size in 2021 | US$383.5 Bn |
| Estimated Market Size in 2025 | US$720.9 Bn |
| CAGR | 16.6% (2021 - 2025) |
| Key Players | Nippon Express Co., Ltd., CEVA Logistics AG, DB Schenker (Deutsche Bahn AG), DHL (Deutsche Post AG), Kuehne + Nagel International AG, USPS, UPS, XPO Logistics, FedEx, Amazon, DSV A/S, GEODIS, Delhivery, Lalamove, Starship Technologies, Walmart, Others (J.B.Hunt, Nuro, LogiNext, PostMates, Bringg, Matternet, Deliv, Roadie, Routific) |
Market Segmentation
Service Coverage
- Business-To-Business B2B
- Business-To-Consumer B2C
- Customer-To-Customer C2C
Vehicle Coverage
- Two Wheelers
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Drones
Delivery Time Coverage
- Regular Delivery
- Same Day/ Instant Delivery
Topography Coverage
- Rural
- Tier 3 Cities
- Tier 2 Cities
- Tier 1 – Metros
Cargo Type Coverage
- Dry Goods
- Postal Goods
- Liquid Goods
End Use Industry Coverage
- Chemical
- Pharmaceutical and Healthcare
- FMCG
- Hi-tech Product Industry
- Food and Beverage
- Others
Geographical Coverage
- North America
- Europe
- Latin America
- Middle East & Africa
Report Inclusions
- Key market indicators
- Macro-micro economic impact analysis
- Technological roadmap
- EV/BREXIT/Ecommerce impact analysis
- Market estimates and forecast
- Market dynamics
- Industry trends
- Competition landscape
- Category
- Region and country-wise trends & analysis
- COVID-19 impact analysis (demand and supply chain)
- Key trends
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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