Dublin, March 23, 2021 (GLOBE NEWSWIRE) -- The "Last Mile Delivery Market Research Report: By Service (B2C, B2B), Application (E-Commerce, Package Delivery) - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The last mile delivery market is predicted to exhibit a CAGR of 20.3% between 2020 and 2030.
The huge investments being made by various venture capitalists in last-mile delivery services are fueling the expansion of the global last mile delivery market. The market is witnessing a sharp surge in the number of start-ups that are being heavily funded by various venture capitalists for expanding their businesses.
Depending on application, the last mile delivery market is classified into package delivery, e-commerce, and others. Out of these, the e-commerce category recorded the highest growth in the market during the past few years. This was because of the presence of a large customer base and the changing buying behavior of people and their huge expectations regarding product deliveries. People are increasingly expecting free shipping and fast product deliveries and the availability of goods at affordable and competitive prices.
Geographically, the last mile delivery market is predicted to demonstrate the fastest growth in the Latin America, Middle East, and Africa (LAMEA) region in the forthcoming years. This will be because of the rising gross domestic product (GDP) and the increasing disposable income of the people living in the developing nations of LAMEA such as Mexico and Brazil. Additionally, the increasing number of last mile grocery and food delivery start-ups and the rising popularity of omnichannel retailing are propelling the advancement of the market in this region.
The players operating in the global last mile delivery market are increasingly focusing on business mergers and strategic partnerships for remaining competitive. For instance, Microsoft Corporation and FedEx Corporation launched a collaboration with each other in May 2020 for enhancing their operations.
Moreover, this collaboration is aimed at combining the global logistics and digital network of FedEx and the intelligent cloud solutions of Microsoft. This collaboration will allow the companies to have greater control and gain better insights into the movement of products across the world.
The COVID-19 pandemic is severely hampering the progress of the last mile logistics industry. Moreover, the imposition of lockdowns and the shrinking of workforce have caused disruptions in the last mile delivery market.
However, the increasing internet penetration and digitization and the rising number of product delivery orders, on account of the growing popularity of online shopping, especially during the pandemic, are fueling the expansion of the market.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Service
4.1.2 By Application
126.96.36.199 Package delivery
4.2 Value Chain Analysis
4.3 Market Dynamics
188.8.131.52 Development of autonomous vehicles for delivery
184.108.40.206 Real-time tracking technology
220.127.116.11 Increasing venture capitalist funding and investments
18.104.22.168 Rising popularity of e-commerce
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 Data security and data privacy concern
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Growing digitization in emerging economies
4.4 Porter's Five Forces Analysis
Chapter 5. Impact of COVID-19 on Last Mile Delivery Market
Chapter 6. Global Market Size and Forecast
6.1 By Service
6.2 By Application
6.3 By Region
Chapter 7. North America Market Size and Forecast
Chapter 8. Europe Market Size and Forecast
Chapter 9. APAC Market Size and Forecast
Chapter 10. LAMEA Market Size and Forecast
Chapter 11. Disruptive Start-Ups in Last Mile Delivery Market
11.1 LogiNext Solutions Pvt Ltd.
11.2 Postmates Inc.
11.3 Matternet Inc.
11.4 Deliv Inc.
11.5 Dunzo Digital Pvt Ltd.
Chapter 12. Competitive Landscape
12.1 List of Players and Their Offerings
12.2 Competitive Analysis of Key Players
12.3 Competitive Benchmarking of Key Players
12.4 Strategic Developments in the Market
12.4.1 Product and Service Launches
12.4.3 Client Wins
12.4.4 Facility Expansion
12.4.5 Other Developments
Chapter 13. Company Profiles
13.1 United Parcel Service Inc.
13.2 FedEx Corp.
13.4 XPO Logistics Inc.
13.5 DHL International GmbH
13.6 J.B. Hunt Transport Services Inc.
13.7 ArcBest Corp.
13.8 SEKO Worldwide LLC
13.9 CEVA Logistics AG
13.10 DSV Panalpina A/S
For more information about this report visit https://www.researchandmarkets.com/r/w7e9bv
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