NEW YORK, Feb. 25, 2022 /PRNewswire/ -- The Last Mile Delivery Market Share is expected to increase by USD 146.96 billion from 2020 to 2025, at an accelerated CAGR of 15.06%, according to the recent market study by Technavio.
Segmentation by Service (In-Scope/Out-of-Scope)
The last mile delivery market share growth by the B2C segment will be significant during the forecast period. The B2C last mile usually involves the delivery of small parcels or lightweight loads, unlike B2B last mile delivery. The surge in e-commerce sales is one of the crucial factors driving the segment growth of the market in focus. With the growing volume of products ordered through e-commerce sales channels, the importance of efficient last mile delivery has increased gradually.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Last Mile Delivery Market includes the following core components:
Highlights-
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Vendor Insights-
The last mile delivery market is fragmented and the vendors are providing industry-specific last-mile services and utilizing big data technology to compete in the market.
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Learn More about Key Driver & Challenge of the Market-
The increasing penetration of the Internet and online shopping has significantly contributed to the growth of the B2C e-commerce industry across the globe. With such rapid adoption of e-commerce, e-retailers are adopting reduced lead times to gain a competitive edge and survive in the market. End-users are willing to pay extra for the speedy delivery of products. Online retailing has also changed the way customers and retailers interact with each other. Nowadays, instead of visiting brick-and-mortar stores to make purchases, a large number of people prefer to shop online due to the ease of making purchases and the convenience of at-home shopping. Online shopping also saves time. The online retailing market in North American countries is expected to witness further expansion and investments during the forecast period, thus driving the demand for last mile delivery services during the forecast period.
A major challenge associated with last mile delivery operations is maintaining profitability while ensuring transparency and improving delivery efficiency. In the case of last mile delivery, individual deliveries need to be made to numerous locations across a region, which drives up the logistics costs. The major costs associated with last mile delivery include labor and fuel costs. Also, online shoppers prefer to track the goods being transported, which requires further investments by service providers. Real-time tracking requires additional geolocation-related infrastructure and the use of technologies such as radio frequency identification (RFID) sensors and the generation of tracking codes at each delivery station. These technologies are expensive, which leads to the further escalation of the delivery charges. Thus, the operational challenges faced by last mile delivery companies are expected to hamper the growth of the global last mile delivery market during the forecast period.
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Last Mile Delivery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.06% |
Market growth 2021-2025 |
$ 146.96 billion |
Market structure |
Fragmented |
YoY growth (%) |
13.81 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., J.B. Hunt Transport Services Inc., Schenker AG, United Parcel Service Inc., United States Postal Service, Werner Enterprises Inc., and XPO Logistics Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Service
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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