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Last Mile Delivery Market Trends

  • Report ID: GMI9338
  • Published Date: May 2024
  • Report Format: PDF

Last Mile Delivery Market Trends

The integration of on-demand delivery platforms with existing transportation networks is reshaping the last mile delivery landscape. By partnering with ride-sharing services or leveraging underutilized transportation capacity, companies can offer flexible, efficient, and cost-effective delivery solutions that adapt to fluctuating demand and optimize resource utilization. For instance, in March 2024, ClickPost and Porter introduced a transformative logistics alliance geared toward modernizing last-mile delivery services. This strategic partnership merges ClickPost's shipment tracking and issue resolution workflow with Porter's technology-driven logistics offerings, benefiting e-commerce enterprises, corporations, and individual shippers alike. Prioritizing swifter deliveries, enhanced post-purchase experiences, and streamlined omnichannel operations, the collaboration aims to optimize hyperlocal delivery services.
 

The emergence of alternative delivery methods, such as drone and autonomous vehicle delivery, is transforming the last mile delivery industry. These technologies speed up delivery times and reduce labor costs, particularly in areas with dense urban populations. While regulatory hurdles and infrastructure challenges remain, continued advancements in automation and Unmanned Aerial Vehicles (UAVs) promise to revolutionize the last mile delivery process, providing more efficient and innovative solutions to meet the evolving demands of consumers and businesses alike.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for last mile delivery was valued at USD 175.3 billion in 2023 and will grow at over 6% CAGR between 2024 and 2032, driven by the utilization of advanced analytics and AI.

The E-commerce application segment accounted for 42% of the last mile delivery market share and is projected to grow rapidly by 2032, driven by the surge in online shopping.

North America last mile delivery market held a share of over 37% in 2023 and will expand rapidly till 2032, fueled by the increasing dominance of e-commerce.

Amazon Logistics , Aramex, DHL, DoorDash, DPD, FedEx, and GrubHub among others.

Last Mile Delivery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 330
  • Countries covered: 24
  • Pages: 280
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