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First Mile Delivery Market Share

Report ID: GMI9873
Published Date: Jun 2024
Report Format: PDF

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First Mile Delivery Market Share

DHL and FedEx held significant market share of over 25% in 2023. DHL maintains its leadership position in the first mile delivery industry through its extensive global network, advanced logistics capabilities, and a focus on innovation and sustainability. The company leverages its expertise in supply chain management, offering tailored solutions for industries such as retail, automotive, and healthcare. DHL continuously invests in technologies like automation, data analytics, and telematics to optimize operations and enhance visibility throughout the first mile journey.

FedEx sustains its competitive edge in the first mile delivery market by capitalizing on its extensive transportation network, technologies, and a customer-centric approach. The company offers a comprehensive suite of first mile services, ranging from traditional ground transportation to specialized solutions for high-value, time-sensitive, and temperature-controlled shipments.

First Mile Delivery Market Companies

Major players operating in the first mile delivery industry are:

Ceva Logistics
Deutsche Post DHL Group
Expeditors International of Washington, Inc.
FedEx Corporation
Geodis
J.B. Hunt Transport Services, Inc.
Kuehne + Nagel International AG
Ryder System, Inc.
United Parcel Service, Inc. (UPS)
XPO Logistics, Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of first mile delivery reached USD 79.6 billion in 2023 and is set to witness over 7.5% CAGR between 2024 and 2032, led by technological advancements to enhance efficiency and exponential growth in e-commerce.

The truck mix segment in the first mile delivery industry held 40% revenue share in 2023, owing to the adaptability, affordability, and cost-effectiveness of these vehicles.

North America market held over 35% revenue share in 2023, due to strong consumer demand, advanced logistics networks, and significant technological advancements in automation and IoT.

Ceva Logistics, Deutsche Post DHL Group, Expeditors International of Washington, Inc., FedEx Corporation, Geodis, J.B. Hunt Transport Services, Inc., Kuehne + Nagel International AG, Ryder System, Inc., United Parcel Service, Inc. (UPS) and XPO Logistics, Inc.