What Has Been the Progress and Growth of the Last Mile Delivery Market in Recent Years?
The last mile delivery market has seen considerable growth due to a variety of factors.
• The last mile delivery market has grown rapidly, projected to rise from $178.92 billion in 2024 to $202.01 billion in 2025, at a CAGR of 12.9%.
This growth is attributed to the growth of e-commerce, the shift toward same-day delivery services, increased investments in delivery infrastructure, environmental concerns, and regulatory changes.
What Can Be Expected from the Last Mile Delivery Market Size?
The last mile delivery market is expected to maintain its strong growth trajectory in upcoming years.
• The last mile delivery market is expected to reach $324.48 billion by 2029, with a CAGR of 12.6%.
The growth is driven by advancements in autonomous delivery, demand for sustainable solutions, and urban logistics expansion. Key trends include on-demand delivery, contactless options, route optimization, and last-mile automation.
What Are the Critical Driver Fuelling The Last Mile Delivery Market's Growth?
The rapid growth of e-commerce is expected to enhance the last mile delivery market. E-commerce expansion is driven by technological innovation and changing consumer behavior. Last mile delivery ensures timely and cost-effective delivery of goods, crucial for customer satisfaction. In February 2024, U.S. Census Bureau data revealed that e-commerce sales in the U.S. surged to $1,118.7 billion in 2023, a 7.6% increase from 2022, emphasizing the market’s growth.
How Is The Last Mile Delivery Market segmented?
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
Subsegments:
1) By Regular Delivery: Standard Delivery, Scheduled Delivery
2) By Same-Day Delivery Or Express Delivery: Morning Delivery, Afternoon Delivery, Or 1-Hour Delivery, 2-Hour Delivery, 3-Hour Delivery
Pre-Book The Last Mile Delivery Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Last Mile Delivery Industry?
Significant players in the last mile delivery market are prioritizing the creation of technology-driven cold chain services for last mile deliveries to boost performance and guarantee the secure transport of perishable items. These cold chain solutions are tailor-made logistics infrastructure and procedures designed to maintain a certain temperature range during the transportation of perishable goods from distribution locations or stations to their final destination. For example, in September 2022, Celcius Logistics, a company offering logistics and supply chain solutions based in India, unveiled its intelligent last mile delivery platform to tackle the issues inherent in last-mile delivery of perishable items. This groundbreaking platform is a technology-powered cold chain service designed for last mile delivery, designed to recognize and scrutinize distribution shortcomings, utilize predictive algorithms to eradicate possible risk factors, minimize slowdowns, accelerate estimated time of arrivals (ETAs), and offer shippers complete transparency of their goods from inception to completion. Through this platform, Celcius intends to create a nationwide network of last-mile vehicles and storage points to improve the productivity of primary and secondary transportation and storage of perishable products.
Who Are the Key Players In 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.
What Is The Most Dominant Region In The Last Mile Delivery Market?
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.
