According to Inkwood Research, the Global Automated Last Mile Delivery Market is set to evolve at a CAGR of 18.51% in terms of revenue during the forecast period, 2021-2028.
“Browse 24 Market Data Tables and 46 Figures spread over 175 Pages, along with an in-depth TOC on the Global Automated Last Mile Delivery Market Forecast 2021-2028.”
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Last mile delivery is an expensive and complex step to manage in the logistics process. The delivery is done by a robot. Hence the error and costs involved are done with. Though, there are expenses involved in the purchasing of robots.
Rising Demand for Swift Delivery Fuels Market Growth
Last mile delivery has become an integral part of maintaining customer service and brand image. Carriers and logistics providers are aiding the retailers in meeting the rising expectations of the consumers. The tech-savvy generation uses advanced smartphones and prefers advanced internet services. This has further boosted online sales. Thus, there is an increasing demand for value-added services and adequate last mile deliveries.
Customers are making sophisticated choices. They are opting for instant or same-day delivery, if available at affordable prices. The increasing demand for last-mile delivery and its execution for business and consumer packages within a specific timeframe has pushed for excellence in final mile deliveries. Such factors have pushed companies to utilize driverless vehicles or drones. Walmart, FedEx, and Amazon are developing last mile delivery operations to increase their efficiency.
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This release was published on openPR.