First and Last Mile Delivery Market is expected to reach US$ 1626.70 Mn. by 2030, at a CAGR of 13.51% during the forecast period.
First and Last Mile Delivery Market Overview:
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Key Developments and Trends: The global first and last mile delivery market is projected to grow at a robust pace, driven by innovations in automation, the adoption of electric vehicles (EVs), and integration of AI in logistics operations. Key players, including Amazon, FedEx, UPS, and DHL, are leveraging technology to streamline operations and improve efficiency.
Mergers and Acquisitions by Region:
- Vietnam, Thailand, Singapore: Strategic collaborations between logistics startups like Ninja Van (Singapore) and global giants have improved e-commerce fulfillment capabilities.
- Japan and South Korea: Major investments in autonomous delivery robots and EV-based logistics solutions have been highlighted by partnerships involving Panasonic and Hyundai.
- European Countries: Companies like DHL (Germany) and DPDgroup (France) are leading with sustainability-focused logistics solutions, targeting carbon neutrality by 2030.
- United States: Amazon continues to dominate with advancements in drone deliveries, while partnerships between FedEx and Microsoft enhance AI-driven last-mile solutions.
Technological Disruptions: The incorporation of AI-powered route optimization and autonomous vehicles is a game-changer. Startups like Nuro in the U.S. and Starship Technologies in Europe are revolutionizing last-mile deliveries with delivery robots.
Sustainability Efforts: DHL and FedEx are investing in electric delivery fleets, targeting reduced carbon footprints. Startups in Asia-Pacific, such as Grab (Singapore), are testing solar-powered delivery fleets to align with global sustainability goals.
Future Outlook: The market is poised for significant growth, with a CAGR of over 16% during the forecast period (2024–2030). The expansion of e-commerce, coupled with consumer demand for faster and eco-friendly delivery options, will shape the industry’s trajectory.
In-depth analysis of the market scope and research methodology for the emerging sector of First and Last Mile Delivery Market:
The First and Last Mile Delivery market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the First and Last Mile Delivery market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the First and Last Mile Delivery market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional First and Last Mile Delivery market were developed. The study provides a thorough value chain analysis that clarifies the First and Last Mile Delivery production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the First and Last Mile Delivery market on a global and micro level.
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First and Last Mile Delivery Market Segmentation:
by vehicle type
Light Duty Vehicle
Medium Duty Vehicle
Heavy Duty Vehicle
by end user
Chemical
Pharmaceutical and Healthcare
FMCG
Hi-tech Product Industry
Food and Beverage
Others
by Type
Dry Goods
Postal
Liquid Goods
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First and Last Mile Delivery Market Key Players:
1. UPS Supply Chain Solutions
2. DHL Supply Chain & Global Forwarding
3. FedEx
4. Kuehne + Nagel
5. SF Express
6. XPO Logistics
7. DB Schenker Logistics
8. Nippon Express
9. GEODIS
10. CEVA Logistics
11. J.B. Hunt (JBI, DCS & ICS)
12. Agility
13. China POST
14. Hitachi Transport System
15. DSV
16. YTO Express
17. Panalpina
18. Toll Holdings
19. Expeditors International of Washington
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First and Last Mile Delivery Market Regional Insights :
The size and trends in the First and Last Mile Delivery market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Your Ultimate Guide: Key Questions Answered in the Latest Market Report:
- What is First and Last Mile Delivery?
- What was the First and Last Mile Delivery market size in 2023?
- Which are the factors expected to drive the First and Last Mile Delivery market growth?
- Who are the leading companies and what are their portfolios in First and Last Mile Delivery Market?
- What growth strategies are the players considering to increase their presence in First and Last Mile Delivery?
- What are the upcoming industry applications and trends for the First and Last Mile Delivery Market?
- What will be the CAGR at which the First and Last Mile Delivery market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the First and Last Mile Delivery Market?
- What are the different segments of the First and Last Mile Delivery Market?
- What is the growth rate of the First and Last Mile Delivery Market?
- What segments are covered in the First and Last Mile Delivery Market?
- Who are the key players in the First and Last Mile Delivery market?
- What are the key challenges and opportunities in the First and Last Mile Delivery market?
- Which application holds the highest potential in the First and Last Mile Delivery market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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