Last-Mile Delivery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Last-Mile Delivery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : September, 2022 | Automotive

Report Digest

Last-Mile Delivery Market: Overview

Logistics or last-mile delivery is emerging as important transport infrastructure. The shippers and retailers are concentrating on the services from the last-mile delivery market to increase the margin of profit. During the few decades, the key players across different industries and of all hues are working to strengthen the infrastructure of the last-mile delivery market.

In recent years, different e-commerce companies have invested greatly in carious consolidating distribution channels. The motive of this investment is to meet the constantly changing consumer expectations. These players from e-commerce industries are also working to cut down the delivery costs on the last mile. These factors are anticipated to boost growth opportunities in the last-mile delivery market.

The key players from the last-mile delivery market are flourishing owing to their capacities to meet the requirements of big and small shippers. These market players work for the management of various complexities of logistics, and thus helps these clients to achieve a competitive edge in the market. The key players are also evaluating various deliver-from-store segments in the last-mile delivery market. This step is executed to provide real-time traction facility to market consumers.

Last-Mile Delivery Market: Key Trends

E-commerce companies are experiencing spectacular strides in sales in various urban spaces in developed and developing regions. This factor is expected to bring evolution to the last-mile delivery market. The parcel shipment is predicted to increase by several times in the near future. This growth is predicted to increase multimillion-dollar opportunities in the market.

The last-mile delivery market is expecting a rapid arrival of omnichannel supply chains in a few developed economies. This factor is anticipated to serve as an important factor to boost demand opportunities in the transportation and logistics sector. Consumers are also preferring subscription-based services in repeated purchases.

The sudden outbreak of COVID-19 has brought lucrative opportunities to the market. Different players from the last-mile delivery market have grabbed the opportunities for subsequent growth. A variety of e-commerce companies have established a partnership with the premium service providers. Further, the financially stable players are expanding the fleet of their vehicles.

The increasing rate of technological advancements in the last-mile delivery market by key players is expected to bring lucrative opportunities. This step has extended the horizon of various service providers in the market.

Last-Mile Delivery Market: Competitive Dynamics and Key Developments

The e-commerce companies are taking initiatives to bring various innovations to help them grab a stronghold in the consumers mind. This factor is predicted to expand various profitable avenues for the key players serving in the market. For instance, software with real-time inventory tracking facilities and increasing investment in different automated consumer fulfillment centers are two examples to bring avenues in the market.

A few companies are also putting efforts into the adoption of technologies to enable them the reduction of carbon footprint in last-mile delivery. For instance, FedEx Corporation is concentrating to offer FedEx Ground for the optimization of last-mile residential deliveries of goods with sustainability and safety.

Some of the key players in the last-mile delivery market include:       

  • Ekart Logistics
  • XPO Logistics
  • FedEx Corporation
  • DHL International GmbH
  • United Parcel Service of America, Inc.
  • Cainiao Logistics
  • STO Express Co.Ltd.
  • Deppon Logistics Co. Ltd.

Last-Mile Delivery Market: Regional Assessment 

North America holds a prominent position in the last-mile delivery market owing to an increasing number of collaborations and agreements among key players. The motive of these collaborations is to bring steady expansion opportunities in logistics and warehouses. Further, the Asia Pacific region is also expected to hold a prominent position in the market on the back of an increasing number of e-commerce companies.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?