Due to the COVID-19 pandemic, the global Last Mile Delivery market size is estimated to be worth USD 42860 million in 2022 and is forecast to a readjusted size of USD 75510 million by 2028 with a CAGR of 9.9% during the review period.
Fully considering the economic change by this health crisis, by Type, B2C accounting for % of the Last Mile Delivery global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, 3C Products was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Globalized world
As trade activities rise so do consumer expectations. People are willing to pay higher for same-day deliveries. Companies have to ensure delivery reliability, on-time service, low cost of goods, and short-order processing time. Globalization has increased the average length of travel distances. This has forced logistics service providers to evaluate their network infrastructure for reaching the farthest corners of the world. Efficient shipment with accurate design schedules along with low damage of goods is the priority. This in turn is expected to bolster the growth of the last mile delivery market during the forecast period.
The rapid booming of the eCommerce industry
Ecommerce and omnichannel retailing have opened up new distribution centers for meeting the growing demand for last-mile deliveries. Online purchasing is growing massively due to digitization, increase in income levels, and ease of use. The number of delivery locations continues to grow for ensuring fast and painless delivery. Moreover, smart tracking systems with email notifications, SMS alerts, are being tapped into. The use of sensors, IoT for tracking shipments in real-time for both consumers and shippers allows for superior monitoring of goods. These factors will aid in the last mile delivery market growth during the review period.
Key innovations in the sector
Faster consumer fulfillment has become crucial for gaining a competitive edge. Hence industry players are relying on tech-based innovations for solving the complex challenges related to last-mile delivery. Autonomous vehicles, trucks, drones, and robotic delivery will offer highly specialized and reliable services in both urban and rural areas. Although these developments are in the testing stages the future looks bright in the coming years. The last-mile delivery market will continue to grow in the subsequent years.
Road congestion and rising fuel prices
Last-mile distribution is a complicated industry as a lot of it depends on the local city infrastructure. Crowded streets and densely populated areas suffer from challenges as companies find it difficult to reach consumers in the right place. Moreover, the fuel prices keep on rising thereby increasing operational costs. This in turn will restrict the growth of the last-mile delivery market during the forecasted period.
Based on type, B2C will grow the highest in the last mile delivery market share with 50% during the review period.
Based on application, the 3C products will provide lucrative opportunities for growth in the last mile delivery market share with 35% penetration during the broadcasted period.
Based on region, Asia-Pacific and North America are expected to dominate together with 70% last-mile delivery market share. North America will grow due to its highly developed transportation infrastructure. On the other hand, Asia-Pacific will rise rapidly due to the booming eCommerce industry.
Last Mile Delivery Market Segmentation
| Report Metric | Details |
| Report Name | Last Mile Delivery Market |
| The market size in 2022 | USD 42860 Million |
| The revenue forecast in 2028 | USD 75510 Million |
| Growth Rate | Compound Annual Growth Rate (CAGR) of 9.9% from 2022 to 2028 |
| Market size available for years | 2022-2028 |
| Forecast units | Value (USD) |
| Segments covered | Type, Application and Region |
| Report coverage | Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
| Geographic regions covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Last Mile Delivery market size is projected to reach USD 42860 million in 2022 and is forecast to a readjusted size of USD 75510 million by 2028 with a CAGR of 9.9%.
Ans. Based on the region, North America is expected to hold the largest Last Mile delivery market share. This dominance of North America is attributed to the continuous development in autonomous delivery robots and the increase in the preference of people to order online
Ans. Some key companies operating in the last mile delivery market are DHL Supply Chain & Global Forwarding, FedEx, Kuehne + Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics, CEVA Logistics.
Ans. Key factors driving the last mile delivery market growth include integration of advanced technologies into existing systems, rise in the consumers' demand for just-in-time delivery, Increase in internet penetration, and expansion of the e-commerce industry.
Ans. The forecast period for last mile delivery market is 2022 to 2028.
Table of Contents
1.1 Last Mile Delivery Revenue in Last Mile Delivery Business (2017-2022) & (US$ Million) Introduction
1.2 Global Last Mile Delivery Outlook 2017 VS 2022 VS 2028
1.2.1 Global Last Mile Delivery Market Size for the Year 2017-2028
1.2.2 Global Last Mile Delivery Market Size for the Year 2017-2028
1.3 Last Mile Delivery Market Size, United States VS Global, 2017 VS 2022 VS 2028
1.3.1 The Market Share of United States Last Mile Delivery in Global, 2017 VS 2022 VS 2028
1.3.2 The Growth Rate of Last Mile Delivery Market Size, United States VS Global, 2017 VS 2022 VS 2028
1.4 Last Mile Delivery Market Dynamics
1.4.1 Last Mile Delivery Industry Trends
1.4.2 Last Mile Delivery Market Drivers
1.4.3 Last Mile Delivery Market Challenges
1.4.4 Last Mile Delivery Market Restraints
1.5 Study Objectives
1.6 Years Considered
2 Last Mile Delivery by Type
2.1 Last Mile Delivery Market Segment by Type
2.1.1 B2C
2.1.2 B2B
2.2 Global Last Mile Delivery Market Size by Type (2017, 2022 & 2028)
2.3 Global Last Mile Delivery Market Size by Type (2017-2028)
2.4 United States Last Mile Delivery Market Size by Type (2017, 2022 & 2028)
2.5 United States Last Mile Delivery Market Size by Type (2017-2028)
3 Last Mile Delivery by Application
3.1 Last Mile Delivery Market Segment by Application
3.1.1 3C Products
3.1.2 Fresh Products
3.1.3 Others
3.2 Global Last Mile Delivery Market Size by Application (2017, 2022 & 2028)
3.3 Global Last Mile Delivery Market Size by Application (2017-2028)
3.4 United States Last Mile Delivery Market Size by Application (2017, 2022 & 2028)
3.5 United States Last Mile Delivery Market Size by Application (2017-2028)
4 Global Last Mile Delivery Competitor Landscape by Company
4.1 Global Last Mile Delivery Market Size by Company
4.1.1 Top Global Last Mile Delivery Companies Ranked by Revenue (2021)
4.1.2 Global Last Mile Delivery Revenue by Player (2017-2022)
4.2 Global Last Mile Delivery Concentration Ratio (CR)
4.2.1 Last Mile Delivery Market Concentration Ratio (CR) (2017-2022)
4.2.2 Global Top 5 and Top 10 Largest Companies of Last Mile Delivery in 2021
4.2.3 Global Last Mile Delivery Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Last Mile Delivery Headquarters, Revenue in Last Mile Delivery Business (2017-2022) & (US$ Million) Type
4.3.1 Global Last Mile Delivery Headquarters and Area Served
4.3.2 Global Last Mile Delivery Companies Revenue in Last Mile Delivery Business (2017-2022) & (US$ Million) Type
4.3.3 Date of International Companies Enter into Last Mile Delivery Market
4.4 Companies Mergers & Acquisitions, Expansion Plans
4.5 United States Last Mile Delivery Market Size by Company
4.5.1 Top Last Mile Delivery Players in United States, Ranked by Revenue (2021)
4.5.2 United States Last Mile Delivery Revenue by Players (2020, 2021 & 2022)
5 Global Last Mile Delivery Market Size by Region
5.1 Global Last Mile Delivery Market Size by Region: 2017 VS 2022 VS 2028
5.2 Global Last Mile Delivery Market Size by Region (2017-2028)
5.2.1 Global Last Mile Delivery Market Size by Region: 2017-2022
5.2.2 Global Last Mile Delivery Market Size by Region (2023-2028)
6 Segment in Region Level & Country Level
6.1 North America
6.1.1 North America Last Mile Delivery Market Size YoY Growth 2017-2028
6.1.2 North America Last Mile Delivery Market Facts & Figures by Country (2017, 2022 & 2028)
6.1.3 U.S.
6.1.4 Canada
6.2 Asia-Pacific
6.2.1 Asia-Pacific Last Mile Delivery Market Size YoY Growth 2017-2028
6.2.2 Asia-Pacific Last Mile Delivery Market Facts & Figures by Region (2017, 2022 & 2028)
6.2.3 China
6.2.4 Japan
6.2.5 South Korea
6.2.6 India
6.2.7 Australia
6.2.8 Taiwan
6.2.9 Indonesia
6.2.10 Thailand
6.2.11 Malaysia
6.2.12 Philippines
6.3 Europe
6.3.1 Europe Last Mile Delivery Market Size YoY Growth 2017-2028
6.3.2 Europe Last Mile Delivery Market Facts & Figures by Country (2017, 2022 & 2028)
6.3.3 Germany
6.3.4 France
6.3.5 U.K.
6.3.6 Italy
6.3.7 Russia
6.4 Latin America
6.4.1 Latin America Last Mile Delivery Market Size YoY Growth 2017-2028
6.4.2 Latin America Last Mile Delivery Market Facts & Figures by Country (2017, 2022 & 2028)
6.4.3 Mexico
6.4.4 Brazil
6.4.5 Argentina
6.5 Middle East and Africa
6.5.1 Middle East and Africa Last Mile Delivery Market Size YoY Growth 2017-2028
6.5.2 Middle East and Africa Last Mile Delivery Market Facts & Figures by Country (2017, 2022 & 2028)
6.5.3 Turkey
6.5.4 Saudi Arabia
6.5.5 U.A.E
7 Company Profiles
7.1 UPS Supply Chain Solutions
7.1.1 UPS Supply Chain Solutions Company Details
7.1.2 UPS Supply Chain Solutions Business Overview
7.1.3 UPS Supply Chain Solutions Last Mile Delivery Introduction
7.1.4 UPS Supply Chain Solutions Revenue in Last Mile Delivery Business (2017-2022)
7.1.5 UPS Supply Chain Solutions Recent Development
7.2 DHL Supply Chain & Global Forwarding
7.2.1 DHL Supply Chain & Global Forwarding Company Details
7.2.2 DHL Supply Chain & Global Forwarding Business Overview
7.2.3 DHL Supply Chain & Global Forwarding Last Mile Delivery Introduction
7.2.4 DHL Supply Chain & Global Forwarding Revenue in Last Mile Delivery Business (2017-2022)
7.2.5 DHL Supply Chain & Global Forwarding Recent Development
7.3 FedEx
7.3.1 FedEx Company Details
7.3.2 FedEx Business Overview
7.3.3 FedEx Last Mile Delivery Introduction
7.3.4 FedEx Revenue in Last Mile Delivery Business (2017-2022)
7.3.5 FedEx Recent Development
7.4 Kuehne + Nagel
7.4.1 Kuehne + Nagel Company Details
7.4.2 Kuehne + Nagel Business Overview
7.4.3 Kuehne + Nagel Last Mile Delivery Introduction
7.4.4 Kuehne + Nagel Revenue in Last Mile Delivery Business (2017-2022)
7.4.5 Kuehne + Nagel Recent Development
7.5 SF Express
7.5.1 SF Express Company Details
7.5.2 SF Express Business Overview
7.5.3 SF Express Last Mile Delivery Introduction
7.5.4 SF Express Revenue in Last Mile Delivery Business (2017-2022)
7.5.5 SF Express Recent Development
7.6 XPO Logistics
7.6.1 XPO Logistics Company Details
7.6.2 XPO Logistics Business Overview
7.6.3 XPO Logistics Last Mile Delivery Introduction
7.6.4 XPO Logistics Revenue in Last Mile Delivery Business (2017-2022)
7.6.5 XPO Logistics Recent Development
7.7 DB Schenker Logistics
7.7.1 DB Schenker Logistics Company Details
7.7.2 DB Schenker Logistics Business Overview
7.7.3 DB Schenker Logistics Last Mile Delivery Introduction
7.7.4 DB Schenker Logistics Revenue in Last Mile Delivery Business (2017-2022)
7.7.5 DB Schenker Logistics Recent Development
7.8 Nippon Express
7.8.1 Nippon Express Company Details
7.8.2 Nippon Express Business Overview
7.8.3 Nippon Express Last Mile Delivery Introduction
7.8.4 Nippon Express Revenue in Last Mile Delivery Business (2017-2022)
7.8.5 Nippon Express Recent Development
7.9 GEODIS
7.9.1 GEODIS Company Details
7.9.2 GEODIS Business Overview
7.9.3 GEODIS Last Mile Delivery Introduction
7.9.4 GEODIS Revenue in Last Mile Delivery Business (2017-2022)
7.9.5 GEODIS Recent Development
7.10 CEVA Logistics
7.10.1 CEVA Logistics Company Details
7.10.2 CEVA Logistics Business Overview
7.10.3 CEVA Logistics Last Mile Delivery Introduction
7.10.4 CEVA Logistics Revenue in Last Mile Delivery Business (2017-2022)
7.10.5 CEVA Logistics Recent Development
7.11 J.B. Hunt (JBI, DCS & ICS)
7.11.1 J.B. Hunt (JBI, DCS & ICS) Company Details
7.11.2 J.B. Hunt (JBI, DCS & ICS) Business Overview
7.11.3 J.B. Hunt (JBI, DCS & ICS) Last Mile Delivery Introduction
7.11.4 J.B. Hunt (JBI, DCS & ICS) Revenue in Last Mile Delivery Business (2017-2022)
7.11.5 J.B. Hunt (JBI, DCS & ICS) Recent Development
7.12 Agility
7.12.1 Agility Company Details
7.12.2 Agility Business Overview
7.12.3 Agility Last Mile Delivery Introduction
7.12.4 Agility Revenue in Last Mile Delivery Business (2017-2022)
7.12.5 Agility Recent Development
7.13 China POST
7.13.1 China POST Company Details
7.13.2 China POST Business Overview
7.13.3 China POST Last Mile Delivery Introduction
7.13.4 China POST Revenue in Last Mile Delivery Business (2017-2022)
7.13.5 China POST Recent Development
7.14 Hitachi Transport System
7.14.1 Hitachi Transport System Company Details
7.14.2 Hitachi Transport System Business Overview
7.14.3 Hitachi Transport System Last Mile Delivery Introduction
7.14.4 Hitachi Transport System Revenue in Last Mile Delivery Business (2017-2022)
7.14.5 Hitachi Transport System Recent Development
7.15 DSV
7.15.1 DSV Company Details
7.15.2 DSV Business Overview
7.15.3 DSV Last Mile Delivery Introduction
7.15.4 DSV Revenue in Last Mile Delivery Business (2017-2022)
7.15.5 DSV Recent Development
7.16 YTO Express
7.16.1 YTO Express Company Details
7.16.2 YTO Express Business Overview
7.16.3 YTO Express Last Mile Delivery Introduction
7.16.4 YTO Express Revenue in Last Mile Delivery Business (2017-2022)
7.16.5 YTO Express Recent Development
7.17 Panalpina
7.17.1 Panalpina Company Details
7.17.2 Panalpina Business Overview
7.17.3 Panalpina Last Mile Delivery Introduction
7.17.4 Panalpina Revenue in Last Mile Delivery Business (2017-2022)
7.17.5 Panalpina Recent Development
7.18 Toll Holdings
7.18.1 Toll Holdings Company Details
7.18.2 Toll Holdings Business Overview
7.18.3 Toll Holdings Last Mile Delivery Introduction
7.18.4 Toll Holdings Revenue in Last Mile Delivery Business (2017-2022)
7.18.5 Toll Holdings Recent Development
7.19 Expeditors International of Washington
7.19.1 Expeditors International of Washington Company Details
7.19.2 Expeditors International of Washington Business Overview
7.19.3 Expeditors International of Washington Last Mile Delivery Introduction
7.19.4 Expeditors International of Washington Revenue in Last Mile Delivery Business (2017-2022)
7.19.5 Expeditors International of Washington Recent Development
7.20 GEFCO
7.20.1 GEFCO Company Details
7.20.2 GEFCO Business Overview
7.20.3 GEFCO Last Mile Delivery Introduction
7.20.4 GEFCO Revenue in Last Mile Delivery Business (2017-2022)
7.20.5 GEFCO Recent Development
7.21 ZTO Express
7.21.1 ZTO Express Company Details
7.21.2 ZTO Express Business Overview
7.21.3 ZTO Express Last Mile Delivery Introduction
7.21.4 ZTO Express Revenue in Last Mile Delivery Business (2017-2022)
7.21.5 ZTO Express Recent Development
7.22 STO Express
7.22.1 STO Express Company Details
7.22.2 STO Express Business Overview
7.22.3 STO Express Last Mile Delivery Introduction
7.22.4 STO Express Revenue in Last Mile Delivery Business (2017-2022)
7.22.5 STO Express Recent Development
7.23 Dachser
7.23.1 Dachser Company Details
7.23.2 Dachser Business Overview
7.23.3 Dachser Last Mile Delivery Introduction
7.23.4 Dachser Revenue in Last Mile Delivery Business (2017-2022)
7.23.5 Dachser Recent Development
7.24 C.H. Robinson Worldwide
7.24.1 C.H. Robinson Worldwide Company Details
7.24.2 C.H. Robinson Worldwide Business Overview
7.24.3 C.H. Robinson Worldwide Last Mile Delivery Introduction
7.24.4 C.H. Robinson Worldwide Revenue in Last Mile Delivery Business (2017-2022)
7.24.5 C.H. Robinson Worldwide Recent Development
7.25 Sinotrans
7.25.1 Sinotrans Company Details
7.25.2 Sinotrans Business Overview
7.25.3 Sinotrans Last Mile Delivery Introduction
7.25.4 Sinotrans Revenue in Last Mile Delivery Business (2017-2022)
7.25.5 Sinotrans Recent Development
7.26 Yusen Logistics
7.26.1 Yusen Logistics Company Details
7.26.2 Yusen Logistics Business Overview
7.26.3 Yusen Logistics Last Mile Delivery Introduction
7.26.4 Yusen Logistics Revenue in Last Mile Delivery Business (2017-2022)
7.26.5 Yusen Logistics Recent Development
8 Research Findings and Conclusion
9 Appendix
9.1 Research Methodology
9.1.1 Methodology/Research Approach
9.1.2 Data Source
9.2 Author Details
9.3 Disclaimer
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