Last Mile Delivery Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71013
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 Last Mile Delivery Market - 2021-2025

The last mile delivery market size is expected to reach a value of USD 146.96 billion, at a CAGR of 15.06%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as growing global e-commerce industry are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

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Last Mile Delivery Market Segments

From this Technavio report, get actionable insights on the last mile delivery market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by service (B2C and B2B) and geography (North America, Europe, APAC, MEA, and South America) in this last mile delivery market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic last mile delivery market predictions on consumer demand changes for 2021-2025.

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 forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Last Mile Delivery Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The last mile delivery market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the last mile delivery market share during 2021-2025.

The last mile delivery market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Last Mile Delivery Market Vendors

Regional Opportunities in Last Mile Delivery Market - 2021-2025

39% of the last mile delivery market growth will originate from North America during the forecast period. The US is the key market for last mile delivery market in North America. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Last Mile Delivery Market Share by Geography

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North America has been exhibiting a significant growth rate for last mile delivery market vendors. Factors such as the large volume of e-retail purchases and the rise in the number of customers opting for fast and seamless delivery services are accelerating the last mile delivery market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The last mile delivery market share growth in North America will be slower than the growth of the market in APAC. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Last Mile Delivery Market Share and Revenue by Service

Last Mile Delivery Market Share by Service

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The last mile delivery market share growth by the B2C segment will be significant during the forecast period. 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. During 2012-2021, the Q1 year-over-year growth of e-commerce sales in the US as a percentage of the total US retail sales increased by 10%. This report provides an accurate prediction of the contribution of all the segments to the growth of the last mile delivery market size.

From the last mile delivery market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Last Mile Delivery Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding last mile delivery market growth is operational challenges for last-mile delivery companies. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

This last mile delivery market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Last Mile Delivery Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive last mile delivery market growth during the next five years
  • Precise estimation of the last mile delivery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the last mile delivery market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of last mile delivery market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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