The Global Last-Mile Delivery Market was valued at US$ 22.57 billion in 2021 and is predictable to reach US$ 90.46 billion by 2030 which is projected to attain a CAGR of 16.7 % during the forecast period from 2021- 2030.
Last-mile delivery market or last-mile logistics is the delivery of goods to the final delivery destination i.e., to the consumer. Last-mile delivery aims to deliver the products/packages with convenience, accuracy, and as quickly as possible. Railway networks and container ships prove to be the most efficient way of transportation of goods. E-commerce has become a crucial part of the retail framework globally. In 2020, e-commerce sales accounted to be 18% of total retail sales globally. There will be approximately 2.14 billion buyers online by the end of 2021. E-retail sales accounted for more than 4.2 trillion U.S. dollars.
Hike in digitalization & globalization leading to increased trading activities, upsurge in the popularity of Omnichannel retailing, and demanding e-commerce operations globally are the major reasons driving the global last-mile delivery market. However, the rise in the cost of operation due to high fuel prices and road congestion in developed regions are restricting the market growth. Furthermore, linear growth in the number of online buyers and increased inclination towards online products & food shopping is marking a certain hike in the global last-mile delivery market.
The global last-mile delivery market is segmented on the basis of Vehicle Type, Service Type, Delivery Time, Topography, and Region. Based on Vehicle Type, the market is further classified as Motorcycle, Light Commercial Vehicle, Heavy Commercial Vehicle, and Drones. By Service Type, the market is categorized into Business-to-Business (B2B), Business-to-Consumer (B2C), and Customer-to-Customer (C2C). Based on Delivery Time, the scope of the report offers Regular Delivery and Same-Day Delivery. On the basis of Topography, the market is bifurcated into Rural, Low-Density Cities, Medium-Density Cities, and High-Density Cities.
Based on regional insights, the global last-mile delivery market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and the Middle East & Africa). Asia Pacific region reported for the highest market share and is anticipated to further rise during the forecast period owing to factors such as a hike in e-commerce industries and increasing online shopping in the region.
Prominent players inducing the global last-mile delivery market are United Parcel Service of America, Inc., FedEx Corporation, DHL International GmbH, USPS (United States Postal Service), Ryder System Inc. / MXD Group, XPO Logistics Inc., Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, and SEKO Worldwide LLC (SEKO Logistics), among others.
Market Segmentation and Scope of the Global Last-Mile Delivery Market
The global last-mile delivery market is segmented on the basis of Vehicle Type, Service Type, Delivery Time, Topography, and Region.
By Vehicle Type
By Service Type
By Delivery Time
Rest of World
Middle East & Africa
Prominent Players in the Global Last-Mile Delivery Market