Last Mile Delivery: Emerging Market Trends - ReAnIn Analysis

According to ReAnIn, the global last mile delivery market was valued at USD 134.6 billion in the year 2021 and is projected to reach USD 269.0 billion by the year 2028, registering a CAGR of 10.4% during the forecast period. According to the World Economic Forum (WEF), demand for last-mile delivery is expected to grow by 78% globally by 2030. Five main drivers of this exponential growth are – rapid urbanization, growing customer base (online shopping is gaining pace in rural areas), new product categories such as grocery through online channels, increasing demand for same-day or instant delivery, and adoption of autonomous delivery vehicles such as drones or robots or electric vehicles (EVs). However, the lack of infrastructure for autonomous vehicles and the high cost associated with last mile delivery is expected to be the primary barrier to the entry of new players into this market.

According to ReAnIn, the global last mile delivery market was valued at USD 134.6 billion in the year 2021 and is projected to reach USD 269.0 billion by the year 2028, registering a CAGR of 10.4% during the forecast period. According to the World Economic Forum (WEF), demand for last-mile delivery is expected to grow by 78% globally by 2030. Five main drivers of this exponential growth are – rapid urbanization, growing customer base (online shopping is gaining pace in rural areas), new product categories such as grocery through online channels, increasing demand for same-day or instant delivery, and adoption of autonomous delivery vehicles such as drones or robots or electric vehicles (EVs). However, the lack of infrastructure for autonomous vehicles and the high cost associated with last mile delivery is expected to be the primary barrier to the entry of new players into this market.

Download free sample: Global Last Mile Delivery Market Growth, Share, Size, Trends and Forecast (2022 - 2028)

5 Key Trends that Will Shape Last Mile Delivery in 2022 and Beyond

Access the report description on: Global Last Mile Delivery Market

Market Segmentation:

ReAnIn has segmented the global last mile delivery market by:

Competitive Landscape

Leading players in the last mile delivery market include FedEx Corporation, United States Postal Service (USPS), DHL, Amazon, CEVA Logistics, United Parcel Service (UPS), Cargo Carriers, CJ Logistics Corporation, Interlogix Pty. Ltd., Transtech Logistics, and Swift Transport. Moreover, prominent players in the autonomous last mile delivery are Starship Technologies, JD.com, Zipline, Kiwi Campus, Wing, Flirtey, and Aerodyne Group.

Know more about this report: Global Last Mile Delivery Market

About ReAnIn

ReAnIn provides end-to-end market research services which span across different support areas such as syndicated market research reports, custom market research reports, consulting, long-term engagement, and flash delivery. We are proud to have more than 100 Fortune 500 companies in our clientele. We are a client-first organization and we are known not just for meeting our client expectations but for exceeding them.

Media Contact:
Name: Deepak Kumar
Email: [email protected]
Phone: +1 469-730-0260

Logo: https://mma.prnewswire.com/media/1758008/Reanin_Logo.jpg