London, March 30, 2023 (GLOBE NEWSWIRE) -- Predominantly driven by the unprecedented progression of e-Commerce industry, global last mile delivery market received massive tailwinds from the COVID-19 pandemic. Up from the valuation of around US$383.5 Bn recorded in the year 2021, worldwide last mile delivery industry will most likely be worth US$720.9 Bn by 2025 end. The trend of doorstep delivery, and rising consumer demand for faster delivery elevate the growth prospects of the market further, suggests a new report of Fairfield Market Research. “The impact of pandemic has been phenomenal and has accelerated the establishment of contactless delivery, and autonomous models in last mile delivery industry. The anticipated rise of electric vehicles in this space will further cast its influence. With the World Economic Forum’s estimation of a whopping 60% rise last mile delivery services demand over the next decade across the top 100 cities, the last mile delivery market is all set for a robust growth outlook in near term,” states the analyst at Fairfield.
Kay Research Insights
- The last mile delivery market size poised to see nearly 16.6% expansion between 2021 and 2025
- FMCG sector continues to be the leading market segment with more than 37% value share
- Asia Pacific likely to maintain top positioning as the most attractive regional pocket for last mile delivery service providers, and potential investors
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Insights into Segmentation Analysis
With over 37% share in the global last mile delivery market valuation, FMCG sector represents the most attractive market segment. The trend will prevail through the end of projection period as the segment holds promise to an unwavering stream of opportunities. The skyrocketing trend of doorstep delivery has been instrumental to the build-up of this segment, says the report. It also indicates strong performance of the sub-segments, i.e., daily essentials, fashion apparel, food products and beverages, personal care products, and pharmaceutical products. Increasing e-Commerce penetration across rural consumer populations is expected to significantly uplift the prospects of FMCG segment in the last mile delivery market.
Key Report Highlights
- Pharmaceuticals, and healthcare to emerge highly lucrative in terms of creating demand for last mile delivery systems
- Demand for same day/fast delivery services yet to outweigh that for regular delivery counterparts
- Dry goods delivery services sought-after, service providers prefer two-wheelers and light commercial vehicles
Insights into Regional Analysis
Asia Pacific registered revenue worth nearly US$141.9 Mn in the year 2020 and is expected to retain the leading position in consuming last mile delivery services through the end of forecast period. The report says market here will benefit the most from the rampantly expanding consumer base, and notably rising inclination of the younger demographics toward spending higher through online shopping. The number of delivery service providers has also been proliferating parallelly, strengthening the overall delivery services network across the key economies. Ample business opportunity arises from segments like apparel, personal care, and fitness gear, besides FMCG. The last mile delivery market here will also benefit largely from consistently improving foreign trade investments, says the report.
Key Players in Global Last Mile Delivery Market Landscape
FedEx Corporation, Cargo Carriers, Kuehne + Nagel, Nippon Express Co., Ltd., CEVA Logistics, CJ Logistics, KART, Interlogix Pty Ltd., Concargo Private Ltd, DB SCHENKER, Estes Express Lines, DHL Paket GmbH, J&J Global Limited, United Parcel Service, Yamato Holdings Co., Ltd., 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, FedEx, Amazon, Walmart |
The Global Last Mile Delivery Market is Segmented as Below:
By Service Coverage
- Business-To-Business B2B
- Business-To-Consumer B2C
- Customer-To-Customer C2C
By Vehicle Coverage
- Two Wheelers
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Drones
By Delivery Time Coverage
- Regular Delivery
- Same Day/ Instant Delivery
By Topography Coverage
- Rural
- Tier 3 Cities
- Tier 2 Cities
- Tier 1 - Metros
By Cargo Type Coverage
- Dry Goods
- Postal Goods
- Liquid Goods
By End Use Industry Coverage
- Chemical
- Pharmaceutical and Healthcare
- FMCG
- Hi-tech Product Industry
- Food and Beverage
- Others
By Geographical Coverage
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Leading Companies
- 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)
Inside This Report You Will Find:
1. Executive Summary
2. Last Mile Delivery Market Outlook
3. Global Last Mile Delivery Market Outlook, 2017 - 2025
4. North America Last Mile Delivery Market Outlook, 2017 - 2025
5. Europe Last Mile Delivery Market Outlook, 2017 - 2025
6. Asia Pacific Last Mile Delivery Market Outlook, 2017 - 2025
7. Latin America Last Mile Delivery Market Outlook, 2017 - 2025
8. Middle East & Africa Last Mile Delivery Market Outlook, 2017 - 2025
9. Competitive Landscape
10. Appendix
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/last-mile-delivery-market/more-information
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