Last Mile Delivery Market is set to expand at a CAGR of 16.7% from 2019 to 2027

According to the new research report published by The Insight Partners, titled “Last Mile Delivery - Global Analysis and Forecast to 2027”, The Global Last Mile Delivery Market is expected to reach US$ 7.69 Bn in 2027, registering a CAGR of 16.7% during the forecast period 2019-2027.

In 2018, North America was accounted for the largest share in the last mile delivery market, and the Asia Pacific is expected to be the fastest growing region in the last mile delivery market. The market is experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market consists of some well-established players across the globe that cater highly advanced technologies. The benefits of last-mile deliveries, which attracted parcel delivery and e-commerce players include reduced roadway congestion, improved safety, optimized route flexibility, reduced greenhouse gas emission, and overnight or one-day delivery. These factors are anticipated to propel the growth of last mile delivery market.

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Some of the key players operating in the last mile delivery market are CEVA Logistics AG, DB Schenker (Deutsche Bahn AG), DHL (Deutsche Post AG), DSV A/S, FedEx Corporation, GEODIS, Kuehne + Nagel International AG, Nippon Express Co., Ltd., XPO Logistics, Inc., and United Parcel Service, Inc.

This report provides in depth study of “Last Mile Delivery Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Last Mile Delivery Industry report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

In recent years, last mile delivery market has observed different product launch, partnership, as well as inauguration of new facilities which would help the players to grow in the market. For instance, in 2019, FedEx Express has opened a new state-of-the-art ramp operation facility at Luis Muñoz Marin International Airport (SJU) in Carolina, Puerto Rico. The new facility is part of the company’s strategy to increase its operational efficiency and meet its growing customer demands. Another initiative with respect to new product launch is undertaken by FedEx Corporation. In this, in 2019, FedEx has developed an autonomous battery-powered delivery robot to enable same-day last-mile deliveries. The FedEx SameDay Bot travels along roadsides and on sidewalks to deliver all the small shipments to its end users.

The report analyzes factors affecting Last Mile Delivery Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the Last Mile Delivery Market in these regions.

Highlights of the report:
• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market

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