The Global First and Last Mile Delivery Market will reach USD 288.38 Billion by 2030, and is projected to register a CAGR of 6.12% over the forecast period 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global First and Last Mile Delivery Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide First and Last Mile Delivery Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. First-mile delivery is the process of moving goods from a store or warehouse to the next hub, from which they are sent to other places. Last mile delivery is the process of getting packaged goods from the shipping company’s warehouse to the customer’s address. Also, for e-commerce companies, first-mile delivery is a process in which goods are picked up from retailers and then given to courier service providers or third-party logistics providers. Once the goods reach the warehouses or delivery services, they can be sent to the final consumer. Also, the best last-mile delivery companies are putting a lot of money into coming up with solutions for last-mile delivery. Some of the things that are expected to drive the first and last mile delivery market are the digitization of the retail industry, the popularity of e-commerce platforms, and the growing preference of consumers for online shopping. Also, improvements in delivery services like AI, robots, and drones for warehouse automation and first and last mile logistics development are expected to grow the size of the first and last mile delivery market over the next few years. Contrive Datum Insights just added the First and Last Mile Delivery to its huge database, which helps businesses shape their futures by making well-informed business decisions. It gives a thorough look at many business topics, such as global market trends, recent technological advances, market size, market shares, and new ideas. Also, this analytical data was put together using techniques for exploring data, such as primary and secondary research. A team of experts who study the global First and Last Mile Delivery market also sheds light on both static and changing parts of the market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the First and Last Mile Delivery Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as First and Last Mile Delivery Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.Based on the end use, the first and last mile delivery market is divided into the chemical, FMCG, pharmaceutical and healthcare, food and beverage, high-tech product, and other industries. Based on the type of vehicle, the global first and last mile delivery market is split into light duty vehicle, medium duty vehicle, and heavy duty vehicle. The light duty vehicle segment’s share of the first and last mile delivery market is expected to grow, since light commercial vehicles are selling well and can easily carry FMCG products and food and beverage products. Due to their small size, light-duty vehicles can deliver the product to every door, and it takes less time to do so.
Type
- Dry Goods
- Postal
- Liquid Goods
By Vehicle Type
- Light Duty Vehicle
- Medium Duty Vehicle
- Heavy Duty Vehicle
End-use
- Chemical
- Pharmaceutical and Healthcare
- FMCG
- Hi-tech Product Industry
- Food and Beverage
- Others
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Recent Development
FedEx Express signed a contract with FedEx Ground in February 2020 for the transport and delivery of residential shipments so that it could keep its service promises. FedEx Corporation is working to make home deliveries more efficient and less expensive. FedEx has improved its environmental impact by reducing the number of delivery vehicles thanks to the optimized last-mile residential delivery contract.
United Parcel Service Inc. announced in June 2022 that it would buy Delivery Solutions Company, a software-as-a-service (SaaS) delivery orchestration platform that helps UPS with e-commerce and last-mile deliveries. The Delivery Solutions Company gives its customers more options and makes it easy to buy things online.
Regional Analysis
North America is likely to be the biggest market in the area. As online shopping in the U.S. continues to grow, the number of packages delivered every day has gone up dramatically, and customers now expect their packages to be delivered quickly and for free. The first and last mile delivery market is led by the Asia-Pacific region. Some of the main things that are driving the Asia-Pacific market are a growing population, a rise in the demand for goods, the presence of third-party logistics (3PL) service providers who offer first- and last-mile delivery, and a rise in online shopping. Several software companies in the Asia-Pacific region are working on first-mile logistics software that can manage and control first-mile delivery operations without human intervention and with full visibility, making production orders even easier for customers. The Asia-Pacific region has a lot of people, which makes it a good place for online shopping to grow. This, in turn, helps transportation services like first-mile and last-mile delivery.
The global First and Last Mile Delivery market has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
Regional First and Last Mile Delivery Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the First and Last Mile Delivery Market include:
- First and Last Mile Delivery Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/first-and-last-mile-delivery-market-44470Key Market Participants in the First and Last Mile Delivery Market :
UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx, Kuehne + Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics, J.B. Hunt (JBI, DCS & ICS), Agility, China POST, Hitachi Transport System, DSV, YTO Express, Panalpina, Toll Holdings, Expeditors International of Washington, GEFCO, ZTO Express, STO Express, Dachser, C.H. Robinson Worldwide, Sinotrans, Yusen Logistics., and others.
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