Last Mile Delivery Market by Service Type (Business-To-Business [B2B], Business-To-Consumer [B2C], and Customer-To-Customer [C2C], Vehicle Type (Motorcycle, Light Commercial Vehicle, Heavy Commercial Vehicle, And Drones), Delivery Time (Regular Delivery and Same-Day Delivery), and Topography (Rural, Low Density Cities, Medium-Density Cities, and High-Density Cities): Global Opportunity Analysis and Industry Forecast, 2022 - 2030
The movement of goods from a distribution center to the end-user which is usually the last delivery destination is known as last mile delivery. The focus of last mile delivery companies is mainly on delivery of good to the end-user as fast as possible. The most efficient and cost-efficient manner of shipping is transportation of goods through rail networks and container ships. However, goods arrive at a high capacity ports, they must be transported to the last destination. This last phase of supply chain is less efficient and comprises major part of total cost to move goods from transportation hub to destination and this problem is termed as Last Mile Problem. Retailers should take measures to prepare transportation for fluctuations in traffic caused due to expected rise in online sales.
Retailers have started the search for alternatives to meet the customers need as traditional methods of delivery are not successful in all the regions. Transportation partners have started looking for delivery alternatives such as local regional carriers, drones, click-to-collect locations, and others, to provide faster last mile delivery.
The global last mile delivery market was valued at $131.5 billion in 2021, and is projected to reach $288.9 billion by 2031, growing at a CAGR of 8.13% from 2022 to 2031.
The key players of the
last mile delivery market analyzed 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.
Last mile delivery, also known as last mile logistics, is the last leg of a journey comprising movement of goods from a transportation hub or warehouse to the final delivery destination. Last mile delivery aims to deliver items to customers as quickly as possible while minimizing company costs. Last mile delivery accounts for more than 50% of the total shipping cost. It is mostly used in food, e-commerce, retail, or pharmaceutical industries. Present, increased use of internet along with the expansion of the e-commerce industry fuel the adoption of online shopping, which in turn requires better and efficient means to deliver the product to the customer. Thus, various product delivery services have been adopted by companies such as use of drones and ground delivery vehicles.
Autonomous Last Mile Delivery Market by Application (Logistics, Healthcare & Pharmaceuticals, Food & Beverages Retail, and Others), Solution (Hardware, Software, and Service), Range (Short Range (<20 km) and Long Range (>20 km)), and Vehicle Type (Aerial Delivery Drones, Ground Delivery Vehicles, and Self-driving Trucks & Vans): Global Opportunity Analysis and Industry Forecast, 2022-2030
Autonomous last mile delivery consists of autonomous vehicles to deliver the product or service to customer’s doorstep without any human intervention in the entire process. It ensures that the product is delivered to the customer within a stipulated time without hampering the dignity and market image of the company. Increased use of internet along with the expansion of the e-commerce industry fuel the adoption of online shopping, which in turn requires a better and more efficient means to deliver the product to the customer. Thus, to fulfill the rising demand for such
logistics business, various last mile delivery operated companies and product delivery services have started using drones and ground delivery vehicles to deliver product within lesser time.
The global autonomous last mile delivery market is expected to be valued at $12.88 billion in 2021, and is projected to reach $90.21 billion by 2030, registering a CAGR of 24.1% from 2021 to 2030.
By vehicle type, ground delivery bots segment is expected to contribute the highest revenue in 2021, accounting for $4.56 billion, and is estimated to reach $34.90 billion by 2030, registering a CAGR of 25.5% during the forecast period. North America is anticipated to be the highest revenue contributor, accounting for $4.83 billion by 2021, and is estimated to reach $39.94 billion by 2030, with a CAGR of 26.6%.
The key players profiled in the autonomous last mile delivery market report are Airbus S.A.S., Matternet, Flirtey, Drone Delivery Canada, Flytrex, Amazon.com, JD.com, Inc., Marble Robot, Starship Technologies, Savioke, DHL International GmbH, United Parcel Service of America, Inc. and DPD.
