The size of the last mile delivery transport market will reach the US dollar

Tokyo, March 24, 2022 (GLOBE NEWSWIRE) — The world last mile delivery transportation market size was worth US$179.96 billion in 2021. The primary last mile delivery service includes the timely delivery of goods and services at an affordable rate and in good condition. Last mile delivery activity has improved and is expected to reach highs in the coming times. Many buyers and retailers are now expanding on last mile logistics, which is likely to give them a better market position. Additionally, Amazon florescence has shifted to online retail distribution where goods and services are delivered within the stipulated time and in good condition. In case of pastoral area, the delivery points are far away and the parcel rate is also low, so the last mile delivery demand is impacted.

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Report Highlights

  • On the basis of vehicle type, the segment named light commercial vehicles held the majority of the global last mile delivery transportation market share in 2020. In addition, more cargo space, low cost, speed and high flexibility and other similar advantages are major factors. contribute to the high share held by the light commercial vehicle segment.
  • Based on the type of cargo, the segment named dry cargo held the major share of the global market in 2020. Chemicals, alcohols, petroleum and other cargo in liquid state have transportation and delivery limitations in numerous countries.
Report scope Details
Market size by 2028 $350.49 billion
CAGR 10% from 2022 to 2030
base year 2021
Regional scope North America, APAC, Europe, Latin America, MEA
Companies covered CEVA Logistics, Cargo Carriers Limited, CJ Logistics Corporation, DHL Global Forwarding, Concargo Private Limited, J&J Global Limited, DB SCHENKER, FedEx Corporation, Interlogix Pty. Ltd., Kerry Logistics Network Limited

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Regional overview

Asia-Pacific secured a market share of over 60% and dominated the global last mile delivery transport market in 2020. The presence of approximately 60% of the global population in the region presented opportunities lucrative growth opportunities for market players. Additionally, increasing government investments in infrastructural developments, urbanization, electrification, and development of IT and telecommunications infrastructure have largely contributed to the growth of the last mile delivery transportation market in Asia Pacific. Rising disposable income, growing popularity of last mile delivery transport among young people, improving internet access, independent last mile delivery transport and increasing penetration of online delivery platforms like flipkart, amazon and ubuy are some of the major factors driving the growth of the market. Moreover, the increased adoption of online payment platforms and various promotional offers and discounts offered by online payment applications such as Phonepe, Pay tm, Amazon Pay and Google Pay have significantly boosted the growth of the transportation market. last mile delivery in this area. . Rising employment levels and hectic and hectic consumer schedules are driving the sale of last mile delivery transportation due to the conveniences associated with it. All these factors have made the Asia-Pacific region the fastest growing last mile delivery transportation market as well.

North America was the second largest market in 2020. This is attributed to increased smartphone and internet adoption coupled with increased demand for convenient product delivery services in North America. Busy and hectic life schedules along with increasing consumer disposable income has fueled the growth of the last mile delivery transportation market in this region.

Market dynamics

Driver

There was a significant push before the COVID-19 outbreak; Still, the major players have managed to deliver the required products to doorsteps in 2020. The outbreak has thrown immense opportunities for the chain of force on its head as more and more people have started shopping online due to lockdown orders, quarantines and many other concerns. regarding health rather than in-person shopping. To take advantage of last-mile delivery, key players must understand key market trends, acclimate to ever-changing geography, and improve customer experience.

Detention

Growing consumer demand for greater quantities of services and products. In addition, high-frequency fulfillment and super-fast delivery services have become the custom, many times without assuming the factual cost associated with the service rendered. In some industries, consumers themselves have propagated a culture of free shipping that oppressively hampers sustainability and balance in a transforming industry. But paradoxically, it is this same consumer who, from the citizen’s point of view, cares less and less about land and sustainability.

Opportunity

Automated systems and smart technology

The implementation of smart technologies and automated systems, similar to IoT, has allowed companies to use real-time information to manage their line and change orders in the last few minutes. Additionally, the volume of available data is likely to increase exponentially, as telematics becomes more widespread and wins over IoT operations. Moreover, data analysis helps key players to plot energy-efficient routes to manage many stops. These advances in technology are likely to provide significant openings for the latest demand for remote delivery transportation during the forecast period.

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Challenge

The logistics efficiency of the Last Mile clearly represents a challenge for key players in freight delivery and distribution given its significant and direct impact on operating margins, where the Last Mile can represent up to 40% of the cost package delivery total. Significant of the challenges specific to each sector and the difficulties of last-mile logistics, the average profitability of couriers has been significantly swept away while the volume handled has increased annually at double-digit rates. Similarly, in the HORECA sector, the profitability of the benchmark distributors is two or three times lower than that of the major global competitors and, in the food retail and general freight sector, a significant part of the retailers struggle to generate revenue from their e-commerce channels.

Marlet Segmenttation

By type of vehicle

  • cargo bike
  • two-wheeled vehicle
  • Drone
  • robots
  • AGV
  • Vans
  • Light vehicles
  • Medium and heavy vehicles

By type of freight

  • Dried products
  • Postal
  • Liquid products

By end use

  • food delivery
  • FMCG products
  • Health products
  • Postal
  • Automotive products
  • Electronic products
  • Others

By Solutions

  • Real-time tracking
  • Automated planning and optimization
  • Electronic proof of delivery
  • Dynamic forwarding
  • Hardware independent platform
  • Calculation of ETA in real time
  • Interactive planning dashboard
  • Visualization of delivery route planning
  • Others

By property

  • internally
  • Third party logistics (3PL)

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