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Last Mile Delivery Market to Grow With 20.3% CAGR Through 2030, says P&S Intelligence
The COVID-19 pandemic has propelled the progress of the last mile delivery market because of the rising popularity of online shopping and surging number of delivery orders for groceries and food items, especially during the lockdown period. Additionally, the pandemic has fueled several technological innovations and the development of omnichannel retail business models.
Some of the leading last mile delivery market players are FedEx Corp., United Parcel Service Inc., XPO Logistics Inc., ArcBest Corp., DSV Panalpina A/S, CEVA Logistics AG, SEKO Worldwide LLC, J.B. Hunt Transport Services Inc., Dunzo Digital Pvt. Ltd., FLEXE Inc., Lalamove, Loginext Solutions Pvt. Ltd., Matternet Inc., myDoorman Inc., Onfleet Inc., Postmates Inc., RoboticWares Pvt. Ltd. (FarEye), Ryder System Inc., and DHL International GmbH.
The global micromobility market was valued at $3.0 billion in 2018 and is projected to reach $9.8 billion by 2025, progressing at a CAGR of 19.9% during 2019–2025.Among the different types of micromobility services, bike (bicycle) sharing was the most widely used micromobility service in the historical period (2017–2018).
Geographically, the Asia-Pacific region dominated the e-commerce in automotive aftermarket during the historical period. Furthermore, the region is also projected to advance with the highest CAGR, to remain the largest online automotive aftermarket, during the forecast period.
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
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