Transport Services Coverage

Business Travel Market Definition And Segments

Business travel refers to the movement of individuals for work-related purposes, typically undertaken by employees or executives of companies to attend meetings, conferences, training sessions, or conduct business transactions in different locations. It encompasses both domestic and international travel and often involves expenses related to transportation, meals, and other incidental costs, all essential for conducting business activities away from the usual workplace. The main types of business travel include managed business travel, and unmanaged business travel. Managed business travel refers to a structured corporate travel program overseen by a travel management company that handles booking, budgeting, policy compliance, and risk management to streamline and optimize business travel processes. The business travel services include transportation, food and lodging, and business activity, for age groups such as marketing travel fares travelers below 40 years, and travelers above 40 years. The various purposes include marketing, meetings, trade shows or exhibitions, product launches, and others for industry including government, and corporate. The business travel market covered in this report is segmented – 1) By Type: Managed Business Travel, Unmanaged Business Travel 2) By Service: Transportation, Food And Lodging, Business Activity 3) By Age Group: Marketing Travel Fare Travelers Below 40 Years, Travelers Above 40 Years 4) By Purpose: Marketing, Meetings, Trade Shows Or Exhibitions, Product Launch, Other Purposes 5) By Industry: Government, Corporate The business travel market size has grown strongly in recent years. It will grow from $812.89 billion in 2023 to $913.21 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to the industrial revolution, the increasing interconnectedness of global economies, the rise of multinational corporation meetings, the rise in the number of conferences and trade shows, and the rise of technology companies. The business travel market size is expected to see rapid growth in the next few years. It will grow to $140.99 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to the growth of a strong economy, increased business activities, rise in investment in business travel, generous travel policies, and increasing globalization of multinational corporations. Major trends in the forecast period include innovations in travel technology, advancements in online booking platforms, integration of AI, prioritizing sustainability, and opting for eco-friendly travel options.

Increase In Exhibitions Driving Growth In The Business Travel Market

The increase in exhibitions is expected to propel the growth of the business travel market going forward. An exhibition is an organized event where items such as products, artworks, or information are displayed for public viewing. Exhibitions are experiencing growth as companies increasingly recognize their value in fostering direct engagement with customers and building brand awareness in competitive markets. Exhibitions serve as essential destinations within business travel, offering opportunities for companies to network, showcase products, and cultivate client relationships on a global scale. For instance, in February 2024, according to a report by UFI, the Global Association of the Exhibition Industry, a France-based association of the world's tradeshow organizers, the exhibition industry in most global markets had fully recovered from the pandemic slump in 2023, with revenues matching those of 2019 on average. Additionally, the outlook for 2024 is positive, with revenues expected to grow by an average of 15%, setting the industry up for its highest-ever revenue levels. Therefore, the increase in exhibitions is driving the growth of the business travel market. Major companies operating in the business travel market are American Express Company, Delta Air Lines, United Airlines Inc., Lufthansa Ltd., British Airways plc, Travelport Worldwide Ltd., SAP Concur, Orbitz, BCD Group, Navan Inc., Carlson Wagonlit Travel (CWT), Upside Business Travel, Corporate Travel Management Ltd., Clarity Business Travel Agency, FCM Travel Solutions, Paxes, Deem Inc., TravelPerk, SOTC Travel Limited, Serko Ltd., Thomas Cook, Wexas Travel Management

Innovative AI Integration Revolutionizes Business Travel Management

Major companies operating in the business travel market are developing innovative products, such as AI-powered flight sorting platforms, to streamline booking processes, enhance traveler experiences, and optimize cost efficiency. AI-powered flight sorting platforms are digital tools that utilize artificial intelligence algorithms to analyze and prioritize flight options based on various factors such as safety, cost-effectiveness, travel time, and traveler preferences. For instance, in July 2023, BCD Travel, a Netherlands-based business travel company, launched GetGoing, an all-in-one digital platform tailored for small and midsize businesses in the U.S., combining self-service convenience with expert support. It offers booking, policy automation, reporting, traveler safety features, and expert assistance. GetGoing streamlines travel management processes, allowing easy booking and policy setup, along with real-time reporting for cost optimization.

American Express Global Business Travel Acquired Ovation Travel Group To Boost Service Capabilities And Growth Opportunities

In January 2021, American Express Global Business Travel, a US-based travel management company, acquired Ovation Travel Group for an undisclosed amount. The acquisition is expected to help American Express Global Business expand its market reach, strengthen its service offerings, and diversify its client base. Ovation Travel Group is a US-based travel company that provides business travel services. Asia-Pacific was the largest region in the business travel market in 2023. The regions covered in the business travel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the business travel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The business travel market includes revenues earned by entities by providing services such as itinerary planning, booking accommodations and transportation, expense management, and travel insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The business travel market research report is one of a series of new reports from The Business Research Company that provides business travel market statistics, including the business travel industry global market size, regional shares, competitors with the business travel market share, detailed business travel market segments, market trends, and opportunities, and any further data you may need to thrive in the business travel industry. These business travel market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Medical Supply Delivery Service Market Definition And Segments

A medical supply delivery service typically refers to a service that provides transportation and delivery of various medical supplies to healthcare facilities, clinics, pharmacies, and sometimes directly to patients' homes. The service ensures timely and efficient delivery of these essential items to support healthcare providers in delivering quality care to their patients. The main types of medical supply delivery services are courier delivery and drone delivery. Courier delivery in the medical supply delivery service refers to the transportation of medical goods using traditional courier services, ensuring timely and secure delivery to healthcare facilities. The services are used for applications including medical supplies, drug supplies, emergency services, lab specimens, and reports. By end-users such as hospitals, clinics, laboratories, pharmacies, patients, and others. The medical supply delivery service market covered in this report is segmented – 1) By Mode Of Service: Courier Delivery, Drone Delivery 2) By Application: Medical Supplies, Drug Supplies, Emergency Services, Lab Specimens And Reports 3) By End-User: Hospitals, Clinics, Laboratories, Pharmacies, Patients, Other End-Users The medical supply delivery service market size has grown rapidly in recent years. It will grow from $63.76 billion in 2023 to $71.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to the rise of e-commerce, which influenced the market, technological advancements and regulatory compliance, increased demand for healthcare services, and the and the globalization of supply chains. The medical supply delivery service market size is expected to see rapid growth in the next few years. It will grow to $110.49 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to evolving healthcare models, the rise of telemedicine, a focus on sustainability, the integration of AI and automation, and pandemic preparedness. Major trends in the forecast period include 'last-mile delivery solutions, customized delivery options, data analytics for demand forecasting, partnerships and collaborations, and quality assurance measures.

Telehealth's Impact On The Medical Supply Delivery Service Market: Driving Growth And Accessibility

The rising demand for telehealth is expected to propel growth in the medical supply and delivery service market during the forecast period. Telehealth refers to the application of electronic information and telecommunication technologies to support long-distance clinical health care. The demand for telehealth is driven by its convenience, accessibility, and technological advancements, particularly accelerated by the COVID-19 pandemic and its capacity to address provider shortages and chronic disease management needs. Medical supply delivery services complement telehealth by efficiently delivering prescribed medications and essential medical supplies directly to patients' doorsteps, facilitating convenient access to healthcare resources. For instance, in February 2023, according to a survey conducted by Rock Health, a US-based health technology company, in a survey of 8,014 respondents, 76% of people over the age of 55 have used telemedicine, and 80% of all respondents reported having accessed care via telemedicine at some point in their lives, up 8% from 72% in 2021. Therefore, rising telehealth demand will drive the expansion of the medical supply and delivery service market. Major companies operating in the medical supply delivery service market are CVS Health Corporation, Cardinal Health Inc., United Parcel Service of America Inc., DHL Group, FedEx Corporation, CEVA Logistics AG, SF Express Co. Ltd., La Poste, DPD Group, Canada Post Corporation, Toll Group, Purolator Inc., General Logistics Systems B.V., PostNL, International SOS Services, ModivCare Solutions LLC, Swiss Post, PostNord, Singapore Post Limited, Aramex, Blue Dart Express, Zipline International Inc., Amazon Pharmacy, Econo-Courier, Poste Maroc, Matternet Inc., Hermes Travel & Cargo Pvt. Ltd., Flirtey Holdings Inc

Expansion Of Same-Day Medicine Delivery Services In The Medical Supply Delivery Service Market

Major companies operating in the medical supply delivery service market are expanding their delivery networks and partnerships, such as same-day medicine delivery, to meet the evolving needs of healthcare providers, pharmacies, and patients for fast, convenient access to medical supplies and medications. Same-day medicine delivery services offer rapid access to prescription medications, leveraging small-format facilities stocked with common drugs and streamlined processes for swift prescription processing. For instance, in March 2024, Amazon Pharmacy, a US-based online pharmacy business, launched same-day delivery of prescription medication in New York City and the greater Los Angeles area, with plans for expansion to over a dozen US cities by year-end. Amazon Pharmacy aims to bring medications closer to customers ' residences by utilizing new small-format facilities stocked with commonly prescribed medications for acute conditions. Its Brooklyn facility offers a curated selection of over 12,000 medications from Amazon.com, prioritizing urgent-care requirements.

Marken Expands Presence Through Acquisition Of Cedra Express Medical Courier Business

In August 2022, Marken, a US-based logistics services provider, acquired the medical courier business of Cedra Express for an undisclosed amount. This acquisition will enhance Marken's presence in New Zealand, offering more expansive services to the local clinical trial client base, including patient-centric solutions. Cedra Express is a New Zealand-based transportation and logistics services provider, including medical supply delivery. Asia-Pacific was the largest region in the medical supply delivery service market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the medical supply delivery service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical supply delivery service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The medical supply delivery service market includes revenues earned by entities by providing services such as on-demand delivery, scheduled delivery, medical equipment rental, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical supply delivery service market research report is one of a series of new reports from The Business Research Company that provides medical supply delivery service market statistics, including medical supply delivery service industry global market size, regional shares, competitors with a medical supply delivery service market share, detailed medical supply delivery service market segments, market trends and opportunities, and any further data you may need to thrive in the medical supply delivery service industry. This medical supply delivery service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Deep Frozen Packaging Logistics Market Definition And Segments

Deep frozen packaging logistics refer to the comprehensive process of packaging, storing, and transporting products that require ultra-low temperatures to maintain their integrity and quality. The process involves specialized packaging materials and technologies to ensure thermal insulation, advanced cold chain monitoring systems for real-time temperature tracking, and adherence to stringent regulatory standards to ensure safety and compliance. The main types of deep frozen packaging logistics are air transport, land transport, maritime and transport. Air transport involves the use of airplanes to move goods quickly over long distances. They are used for the transport of various materials including clinical trials, cell and gene therapies, reagents, and cell culture media for food industry, medical industry, others. The deep frozen packaging logistics market covered in this report is segmented – 1) By Type: Air Transport, Land Transport, Maritime Transport 2) By Materials: Clinical Trials, Cell And Gene Therapies, Reagents, Cell Culture Media 3) By Application: Food Industry, Medical Industry, Other Applications The deep frozen packaging logistics market size has grown strongly in recent years. It will grow from $20.82 billion in 2023 to $22.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in the pharmaceutical industry, increased international trade of perishable goods, rise of online grocery shopping and home delivery services, stricter food safety and quality regulations, increased investment in cold chain infrastructure, growing number of clinical trials, increase in agricultural exports requiring deep frozen conditions. The deep frozen packaging logistics market size is expected to see strong growth in the next few years. It will grow to $31.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growth in the pharmaceutical industry, demand for eco-friendly and sustainable packaging solutions, investment in research and development, developments in the retail sector, rising healthcare expenditures, growing awareness of food safety and pharmaceutical efficacy. Major trends in the forecast period include advanced insulation technology, implementation of IoT devices for real time monitoring, enhanced use of AI for predictive analytics and optimization, geographical expansion, enhanced use of big data analytics, expansion of cold storage facilities, advanced risk management practices to mitigate disruptions, development of novel packaging materials, integration of various transportation modes.

Online Grocery Shopping Fuels Growth In Deep Frozen Packaging Logistics Market

The increase in online grocery shopping is expected to propel the growth of the deep-frozen packaging logistics market going forward. Online grocery shopping involves buying groceries through websites and apps. Online grocery shopping is growing due to its convenience, time savings, broad product selection, busy lifestyles, technological advancements, competitive pricing, and improved delivery services. Deep frozen packaging logistics ensure that frozen foods, such as vegetables, meats, and ready-to-eat meals, are kept at low temperatures during transit. This prevents spoilage, maintains nutritional value, and ensures the products reach customers optimally. For instance, in June 2022, the Institute of Grocery Distribution (IGD), a UK-based trade association for food and grocery chains, estimated the value of the UK retail grocery market at $282 billion (£217 billion) and projected it would increase by 11.3% to $313 billion (£241 billion) by 2027. Therefore, the increase in online grocery shopping is driving the growth of the deep-frozen packaging logistics market. Major companies operating in the deep frozen packaging logistics market are Cardinal Health Inc., DHL, United Parcel Service of America Inc., FedEx Corporation, Kuehne + Nagel International AG, Sonoco ThermoSafe, Catalent Inc., Marken, Glatt group, Cryoport Systems LLC, BioLife Solutions Inc., Biocair, CEVA Logistics, va-Q-tec, Envirotainer, Csafe, Peli BioThermal Limited, SkyCell AG, Cryopak, World Courier, Yourway, Intelsius, B.P.L. GmbH, WuliuAir, Chill-Pak.com

Advancements In Ultra-Low Temperature-Controlled Logistics For Deep Frozen Products

Major companies operating in the deep-frozen packaging logistics market are developing ultra-low temperature-controlled logistics services to meet the stringent requirements of transporting and storing deep-frozen products. Ultra-low temperature-controlled logistics services maintain the integrity and safety of deep-frozen products by ensuring they remain at the required ultra-low temperatures, typically below -60°C, during transportation and storage. For instance, in June 2022, Nippon Express, a Japan-based logistics company, launched an ultra-low temperature-controlled logistics service for the pharmaceutical industry, capable of handling goods requiring temperatures between -20°C and -85°C. This service focuses on the pharmaceutical industry and implements quality control systems and infrastructure improvements globally to meet Good Distribution Practices (GDP) standards.

Wavepoint 3PL Acquires Alcor Cold Storage To Strengthen Cold Storage Market Position

In August 2021, Wavepoint 3PL, a US-based logistics company, acquired Alcor Cold Storage for an undisclosed amount. Through this acquisition, Wavepoint 3PL aims to bolster its position in the cold storage market and offer enhanced single-source supply chain solutions, integrating Alcor's refrigerated warehousing network and services. Alcor Cold Storage is a US-based company specializing in temperature-controlled storage for perishable goods, offering advanced refrigeration, warehousing, and logistics solutions. Europe was the largest region in the deep frozen packaging logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep frozen packaging logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the deep frozen packaging logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The deep-frozen packaging logistics market includes revenues earned by entities by providing services such as controlled transport, specialized packaging, cold storage, real-time monitoring, and logistics management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The deep frozen packaging logistics market research report is one of a series of new reports from The Business Research Company that provides deep frozen packaging logistics market statistics, including the deep frozen packaging logistics industry global market size, regional shares, competitors with deep frozen packaging logistics market share, detailed deep frozen packaging logistics market segments, market trends, and opportunities, and any further data you may need to thrive in the deep frozen packaging logistics industry. These deep frozen packaging logistics market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Bulk Petroleum And Chemical Storage Market Definition

Bulk petroleum and chemical storage refer to the facilities and infrastructure designed to store large quantities of petroleum products and chemicals. The storage tanks used for bulk petroleum and chemical storage are typically constructed to stringent safety standards to prevent leaks, spills and other environmental hazards. The bulk petroleum and chemical storage market consists of sales by entities (organizations, sole traders and partnerships), of bulk petroleum and chemical storage for large quantities of petroleum products and various chemicals.

Automated Parcel Delivery Terminals Market Definition And Segments

An automated parcel delivery terminal is a physical infrastructure equipped with lockers or compartments that enables automated receipt, storage, and retrieval of packages, providing a convenient and secure solution for parcel pickup and drop-off. It provides solution for both senders and recipients, enabling efficient parcel management, reducing delivery-related stress, and offering flexibility in pickup and drop-off times. The main deployment types of automated parcel delivery terminals are indoor terminals and outdoor terminals. Indoor terminals are self-service kiosks or lockers placed within indoor locations such as shopping malls, office buildings, or residential complexes. These are used by various business models such as B2B (business-to-business), and B2C (business-to-consumer), and also by various end users such as government, retail, shipping and logistics companies, and others. The automated parcel delivery terminals market covered in this report is segmented – 1) By Deployment Type: Indoor Terminal, Outdoor Terminal 2) By Business: B2B (Business-To-Business), B2C (Business-To-Consumer) 3) By End User: Government, Retail, Shipping And Logistics Companies, Other End Users The automated parcel delivery terminals market size has grown rapidly in recent years. It will grow from $0.69 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising internet penetration, digitization and the encouragement of cashless payments, contributes to increasing delivery efficiency, demand for contactless delivery solutions. The automated parcel delivery terminals market size is expected to see rapid growth in the next few years. It will grow to $1.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growth of e-commerce businesses, increase in the use of automated parcel delivery systems, adoption of hardware-as-a-service, rise in consumer awareness of the spread of diseases, growing consumer interest in online shopping. Major trends in the forecast period include AI-integrated delivery systems, investing in innovative technologies, advanced tracking and monitoring systems, rise in the flow of data in the logistics industry, adoption of digital logistics services.

Growing Demand For E-Commerce Sales Scaling Automated Parcel Delivery Terminals Market Growth

The increasing e-commerce sales are expected to propel the growth of the automated parcel delivery terminal market going forward. E-commerce sales are commercial transactions conducted electronically over the Internet. E-commerce sales are rising due to increased internet penetration, the convenience of online shopping, the availability of a wide range of products, and evolving consumer preferences towards digital transactions. E-commerce uses automated parcel delivery terminals to streamline last-mile logistics, offering customers convenient pickup and drop-off options while optimizing delivery efficiency and reducing operational costs. For instance, in 2023, according to the United States Census Bureau, a US-based government agency responsible for producing data about the American people and economy, e-commerce sales are expected to reach $1,118.7 billion in 2023, up 7.6% (±1.2%) from 2022. The retail sales in 2023 climbed by 2.1% (±0.4%) from 2022. Therefore, increasing e-commerce sales are driving the growth of the automated parcel delivery terminals market. Major companies operating in the automated parcel delivery terminals market are Schneider Electric SE, Toshiba Corporation, NEC Corporation, Leonardo S.p.A., Murata Machinery Ltd., Daifuku Co. Ltd., Dematic Corporation, YASKAWA Electric Corporation, Pitney Bowes Inc., Vanderlande Industries B.V., Körber AG, Fives Group, InPost S.A., BEUMER Group GmbH & Co. KG, Quadient, OPEX Corporation, Bastian Solutions LLC, Bell and Howell LLC, Solystic SAS, Cleveron Ltd., National Presort LP, Smartbox Ecommerce Solutions Pvt. Ltd., Winnsen Industry Co. Ltd., TZ Limited, Loginpost, ENGY Company

Innovative Smart Parcel-Picking Solutions Revolutionize Automated Parcel Delivery Terminals

Major companies operating in the automated parcel delivery terminals market are innovating smart parcel-picking solutions to improve efficiency and meet customer demand for convenient parcel handling. Smart parcel-picking solutions refer to automated systems and technologies designed to streamline the process of selecting and retrieving parcels from storage locations within parcel delivery terminals or warehouses. For instance, in October 2022, Smart Robotics, The Netherlands-based that specializes in warehouse automation, launched smart parcel picker. It is a cutting-edge robot designed to depalletize and unload various parcel containers. This innovative solution aims to enhance efficiency and agility by automating tasks that are physically straining and repetitive for warehouse employees. The smart parcel picker offers high-speed and versatile picking capabilities, outperforming other similar robots in the market. This robotic system integrates seamlessly with existing Warehouse Management Systems, minimizing disruptions and improving productivity.

Strategic Partnerships Revolutionizing Automated Parcel Delivery

In February 2022, Quadient, a France-based automation and mailing equipment company, partnered with Purolator. The collaboration focuses on leveraging innovative parcel locker technology to increase delivery efficiency, meet the emerging demands of heightened online shopping habits, and provide customers with an exceptional parcel delivery experience. Purolator is a Canada-based company that offers automated parcel delivery terminal solutions. Europe was the largest region in the automated parcel delivery terminals market in 2023. The regions covered in the automated parcel delivery terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated parcel delivery terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automated parcel delivery terminals market consists of revenues earned by entities by service fees, subscription-based services, and value-added services. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated parcel delivery terminals market also includes sales of secure locking system, terminal enclosure, camera system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automated parcel delivery terminal market research report is one of a series of new reports from The Business Research Company that provides automated parcel delivery terminal market statistics, including automated parcel delivery terminal industry global market size, regional shares, competitors with an automated parcel delivery terminal market share, detailed automated parcel delivery terminal market segments, market trends, and opportunities, and any further data you may need to thrive in the automated parcel delivery terminal industry. This automated parcel delivery terminal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

Automotive Digital Mapping Market Definition And Segments

Automotive digital mapping refers to the process of creating, updating, and delivering detailed digital maps specifically designed for use in automotive navigation systems and related applications. These digital maps provide accurate geographic information, including roads, highways, streets, landmarks, points of interest, and other relevant data, in a format easily accessed and interpreted by onboard navigation systems, mobile devices, and connected vehicles. The main components of automotive digital mapping are solutions and services. Automotive digital mapping solutions encompass technologies and services that provide detailed, accurate, and up-to-date maps for navigation and location-based vehicle services. The various mapping types involved are 2D maps, 3D maps, and satellite imagery, which are used for autonomous cars, logistics control systems, advanced driver assistance systems, and other applications. The automotive digital mapping market covered in this report is segmented – 1) By Component: Solutions, Services 2) By Mapping Type: 2D Maps, 3D Maps, Satellite Imagery 3) By Application: Autonomous Cars, Logistics Control Systems, Advanced Driver Assistance Systems, Other Applications The automotive digital mapping market size has grown rapidly in recent years. It will grow from $7.85 billion in 2023 to $9.14 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to early development of digital mapping, growth in the automotive industry, expansion of the commercial vehicle market, increasing consumer demand for navigation and location-based services, adoption of advanced driver assistance systems (ADAS). The automotive digital mapping market size is expected to see rapid growth in the next few years. It will grow to $17.06 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to expansion of smart city initiatives, rising demand for real-time traffic information, growth in the electric vehicle, increasing focus on environmental sustainability, and growth in the delivery and logistics sector. Major trends in the forecast period include adoption of mapping technology in new mobility, advancements in AI and machine learning, integration of augmented reality (AR) technology, and collaboration between mapping companies and government.

Impact Of Connected Vehicles On Automotive Digital Mapping Market

The rising number of connected cars is expected to propel the growth of the automotive digital mapping market going forward. Connected cars refer to automobiles equipped with internet connectivity and wireless communication technologies that enable them to exchange data with other vehicles, infrastructure, and external networks. The adoption of connected car technologies is increasing due to technological advances, consumer demand, growth in autonomous and electric vehicles, and business opportunities. Automotive digital mapping is a fundamental component of connected car technology, enabling vehicles to offer advanced navigation, real-time traffic information, enhanced safety features, and a seamless driving experience. For instance, in January 2023, according to Casa Autopromotec s.r.l., an Italy-based manufacturer of machinery products for vehicles, the global count of connected cars on the road was 350 million in 2023, an 18% increase from 2022. Therefore, the rising number of connected vehicles is driving the growth of the automotive digital mapping market. Major companies operating in the automotive digital mapping market are Apple Inc., Google LLC, Microsoft, Huawei Technologies Co. Ltd., Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., NVIDIA Corporation, Valeo, Baidu Inc., NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Synopsys Inc., Trimble Inc., HERE Technologies, DigitalGlobe Inc., MiTAC International Corporation, ESRI Inc., Cyient Limited, TomTom International, Telenav Inc., Mapbox Inc., INRIX Inc., Nearmap Ltd., GeoDigital International Inc., Waze Mobile Ltd.

Innovative Solutions In Automotive Digital Mapping

Major companies operating in the automotive digital mapping market are focusing on developing innovative, highly automated mapping technology, such as UniMap, to enhance the accuracy and efficiency of navigation systems. UniMap is a mapping technology platform that offers next-generation mapmaking capabilities and provides the freshest data to revolutionize the way maps are built, updated, and used. For instance, in March 2023, HERE Technologies, a Netherlands-based company specializing in mapping technologies, unveiled UniMap, a highly automated mapping technology that enables the rapid creation of digital maps and location products. The technology is designed to enable the rapid creation of digital maps and location products, delivering unmatched levels of map freshness, quality, and coverage. UniMap is built on a new computing architecture that automates map data processing and creation, conflates multiple types of data, produces a unified map, and enables changes detected in physical reality to become visible on the map within 24 hours.

Woven Planet Enhances Automated Driving Mapping Capabilities Through Carmera Acquisition

In July 2021, Woven by Toyota, Inc., a Japan-based mobility technology company, acquired Carmera Inc. for an undisclosed amount. Through this acquisition, Woven aims to enhance its mapping capabilities for automated driving, aligning with its strategy to strengthen self-driving technology by integrating Carmera's expertise into its Woven Planet division to accelerate the development of its Automated Mapping Platform (AMP) with advanced map update and IoT sensing technology. Carmera Inc. is a US-based provider of real-time digital 3D maps and navigation-critical data for autonomous vehicles. North America was the largest region in the automotive digital mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive digital mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive digital mapping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automotive digital mapping market includes revenues earned by entities by providing services such as real-time traffic updates, lane guidance, point-of-interest (POI) search, route optimization, voice guidance, and dynamic routing. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive digital mapping market also consists of sales of products including routing and route optimization tools, map display and visualization tools, map rendering engines, in-car navigation systems, and map editing and data management tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive digital mapping market research report is one of a series of new reports from The Business Research Company that provides automotive digital mapping market statistics, including automotive digital mapping industry global market size, regional shares, competitors with automotive digital mapping market share, detailed automotive digital mapping market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive digital mapping industry. This automotive digital mapping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

E-Scooter Sharing Market Definition And Segments

E-scooter sharing refers to a transportation service where electric scooters are made available to the public for short-term use. This service includes providing users a way to locate and unlock e-scooters using a mobile app, ride them to their destination, and then park them in designated areas. E-scooter sharing is a convenient and environmentally friendly way to travel short distances in urban areas, providing an alternative to cars and public transportation. The main types of E-scooter sharing are free-floating and station-bound. Free-floating e-scooter sharing refers to a model of e-scooter rental where scooters are not docked at designated stations but can be located, unlocked, and rented from any location within a designated service area using a mobile app. The distribution channels include online and offline for personal and commercial end users. The e-scooter sharing market covered in this report is segmented – 1) By Type: Free-Floating, Station-Bound 2) By Distribution Channel: Online, Offline 3) By End-User: Personal, Commercial The E-scooter sharing market size has grown rapidly in recent years. It will grow from $1.14 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to urbanization, last-mile connectivity, mobile technology, investment and funding and shift towards sustainable transportation. The E-scooter sharing market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to expansion into new markets, diversification of services, improvement in user experience, smart city initiatives, and micromobility hubs. Major trends in the forecast period include expansion into suburban and rural areas, dockless charging stations, subscription-based services, adoption of artificial intelligence and partnerships with local businesses.

Impact of Greenhouse Gas and Carbon Emissions on the E-Scooter-Sharing Market

The increasing greenhouse gas and carbon emissions are expected to propel the growth of the e-scooter-sharing market going forward. Greenhouse gases trap heat in the Earth's atmosphere, warming the planet. Carbon emissions refer to releasing carbon dioxide (CO2) into the air, mainly from burning fossil fuels like coal, oil, and gas. The emission of greenhouse gas and carbon emissions is primarily due to human activities that involve burning fossil fuels, deforestation, industrial processes, and agriculture. E-scooter-sharing services help to reduce carbon emissions by promoting sustainable transportation, reducing reliance on cars, providing last-mile connectivity, encouraging modal shifts, and lowering energy consumption. For instance, in April 2024, a report published by the United States Environmental Protection Agency (EPA), a US-based government agency, stated that in 2022, greenhouse gas emissions in the U.S. increased by 0.2% compared to the levels in 2021. Therefore, the increasing greenhouse gas and carbon emissions are driving the growth of the e-scooter-sharing market. Major companies operating in the e-scooter sharing market are Xiaomi Corporation, Helbiz Inc., Lyft Inc., Coup Mobility GmbH, Gogoro Inc., VOI Technology, Tier Mobility, Cooltra Corporate S.L., Hellobike, LimeBike Inc., Bird Rides Inc., Felyx B.V., GoTo Global Mobility Ltd., Beam Mobility Holdings Pte Ltd., Wheels Labs Inc., Neuron Mobility Pte Ltd., OjO Electric LLC., Inokim Electric Scooters, Ridepanda Inc., Wind Mobility Ltd., Circ Mobility GmbH

Innovative Products Driving Growth In E-Scooter Sharing Market

Major companies operating in the E-Scooter-sharing market are innovating new technologies such as e-bike and Smart Bikeshare platform to sustain their position in the market. An e-bike is a bicycle equipped with an electric motor that assists the rider's pedal power, providing easier cycling over long distances or uphill. A smart bikeshare platform integrates technology such as GPS and mobile apps into traditional bike-share programs, allowing users to locate. For instance, in June 2021, Bird Global Inc., a US-based provider of environmentally friendly electric transportation, launched Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is designed to prioritize safety and durability and is a smart, connected vehicle that complements existing transportation networks in cities. It features a powerful electric motor capable of assisting riders on steep inclines, a sturdy frame with a step-through design for enhanced safety and maneuverability, a front basket for storage, and large pneumatic tires for a smooth ride. The bike also incorporates IoT features like self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with regulations in cities and towns of all sizes.

Bird Global Inc. Acquired Spin To Expand Its Market Presence In The Micro-Mobility Industry

In September 2023, Bird Global Inc., a US-based provider of micro-mobility services, acquired Spin for $19 million. This acquisition strategically aligns to expand Bird's market share and presence in the micro-mobility industry. Through this acquisition, Bird Global aims to capitalize on its leadership position to expand operations in several lucrative cities, including Baltimore, Salt Lake City, and Washington D.C. Spin is a US-based electric bicycle-sharing and electric scooter-sharing company. Europe was the largest region in the e-scooter sharing market in 2023. The regions covered in the e-scooter sharing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-scooter sharing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The e-scooter sharing market includes revenues earned by entities by providing services such as mobile applications, payment processing, GPS tracking, cloud monitoring, automated rental process and custom development. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-scooter sharing market research report is one of a series of new reports from The Business Research Company that provides e-scooter sharing market statistics, including e-scooter sharing industry global market size, regional shares, competitors with an e-scooter sharing market share, detailed e-scooter sharing market segments, market trends and opportunities, and any further data you may need to thrive in the e-scooter sharing industry. This e-scooter sharing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Last Mile Delivery Market Definition And Segments

Last mile delivery refers to the final stage of the logistics process where goods are transported from a distribution center, warehouse, or retailer's location to the end customer's doorstep or preferred delivery location. This service is essential for ensuring that products reach customers in a timely, efficient, and satisfactory manner, meeting their expectations for convenience and reliability. The main types of last-mile delivery modes include regular delivery, same-day delivery, or express delivery. Regular delivery typically refers to standard shipping or delivery services offered by logistics companies or retailers, where goods are transported from a seller to a buyer using standard shipping methods and timeframes. Various technologies are used, such as autonomous and non-autonomous, to provide several types of services, including business-to-business (B2B), business-to-consumer (B2C), and customer-to-customer (C2C). It is used for domestic and international destinations and for several applications, including food and beverages, retail and e-commerce, healthcare, and others. The last mile delivery market covered in this report is segmented – 1) By Delivery Mode: Regular Delivery, Same-Day Delivery or Express Delivery 2) By Technology: Autonomous, Non-autonomous 3) By Service Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C) 4) By Destination: Domestic, International 5) By Application: Food And Beverages, Retail And E-commerce, Healthcare, Other Applications The last mile delivery market size has grown rapidly in recent years. It will grow from $159.43 billion in 2023 to $178.92 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to e-commerce growth, the shift to same-day delivery, investment in delivery infrastructure, environmental concerns, and regulatory changes. The last mile delivery market size is expected to see rapid growth in the next few years. It will grow to $288.00 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to advancements in autonomous delivery, demand for sustainable delivery solutions, last-mile analytics, and expansion of urban logistics solutions. Major trends in the forecast period include on-demand delivery, contactless delivery options, expansion of urban logistics solutions, last-mile automation, and data analytics and route optimization.

Impact Of E-Commerce Growth On The Last Mile Delivery Market

The rapid growth of e-commerce is expected to propel the growth of the last mile delivery market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the Internet or other electronic networks. The ongoing expansion of e-commerce adoption is due to several factors, including the combination of technological innovation, changing consumer behaviors, and evolving business models worldwide. Last mile delivery in e-commerce is used to ensure efficient, timely, and cost-effective delivery of products to customers' doorsteps, marking the final leg of the delivery process. It plays a vital role in the success of e-commerce businesses by enhancing customer satisfaction and fostering brand loyalty. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the United States surged to approximately $1,118.7 billion in 2023, marking a 7.6% increase compared to the preceding year. Therefore, the rapid growth of e-commerce is driving the growth of the last mile delivery market. Major companies operating in the last mile delivery market are Amazon.com Inc., United Parcel Service Inc., DHL International GmbH, FedEx Corporation, La Poste Group, SF Holding Co. Ltd., Uber Technologies Inc., DB Schenker, Poste Italiane S.p.A., DPD Group, DSV Panalpina AS, Royal Mail plc, Yamato Holdings Co. Ltd., Australia Post, DoorDash Inc., XPO Logistics Inc., Grubhub Inc., Deliveroo, Aramex PJSC, Zomato Pvt. Ltd., Postmates Inc., Correios, TNT Holdings B.V., Gopuff, Deliv Inc.

Tech-Enabled Cold Chain Solutions For Last Mile Deliveries

Major companies operating in the last mile delivery market are focusing on developing tech-enabled cold chain solutions for last mile deliveries to enhance efficiency and ensure the safe transportation of perishable goods. Cold chain solutions for last-mile deliveries are specialized logistics infrastructure and processes designed to maintain specific temperature conditions during the transportation of perishable goods from distribution centers or hubs to the final destination. For instance, in September 2022, Celcius Logistics, an India-based provider of logistics and supply chain solutions, launched its smart last mile delivery platform to address the challenges in the last-mile delivery of perishable goods. This innovative platform is a tech-enabled cold chain solution for last mile delivery that is designed to monitor and analyze gaps in distribution, deploy predictive algorithms to eliminate potential risk areas, reduce bottlenecks, speed up ETAs (estimated time of arrival), and provide shippers with absolute visibility of their products from start to finish. Through this platform, Celcius aims to establish a nationwide network of last-mile vehicles and storage points to enhance the efficiency of primary and secondary movement and storage of perishable goods.

Mahindra Logistics Acquires Zipzap To Enhance Last-Mile Delivery Services

In February 2022, Mahindra Logistics Ltd., an India-based domestic third-party logistics service provider, acquired a 60% stake in ZipZap for $8.75 million. Through this acquisition, Mahindra Logistics aims to strengthen its last-mile delivery services in India by expanding technology solutions and leveraging ZipZap's digital capabilities and extensive delivery network. ZipZap is an India-based logistics service company specializing in last-mile delivery. North America was the largest region in the last mile delivery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the last mile delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The last mile delivery market includes revenues earned by entities by providing services such as last mile logistics consulting, route optimization, scheduled delivery, in-store pickup, and specialty item delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The last mile delivery market research report is one of a series of new reports from The Business Research Company that provides last mile delivery market statistics, including last mile delivery industry global market size, regional shares, competitors with a last mile delivery market share, detailed last mile delivery market segments, market trends and opportunities, and any further data you may need to thrive in the last mile delivery industry. This last mile delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.