Customers are becoming sophisticated related to what they expect or demand from last-mile deliveries. In addition to this, many customers opt for instant or same-day delivery if these are available at affordable prices. With a rising demand for last mile delivery and fulfillment of the same business and consumer packages within a specified timeframe, excellence in final mile deliveries has become critical. Fortunately, shippers, logistics and technology providers’ looks ahead to fulfill all expected demand of customers timely through accepting innovative technologies designed for last mile deliveries. This factor is expected to influence the growth of last mile delivery market.
Europe is the second largest market in the last mile delivery market. Apart from North America and Europe, Asia Pacific remains at the third largest geographic segment in the last mile delivery market. Moreover, the factors which strengthen the outlook of last mile deliveries are increased interest of customers in outsourcing a more extensive range of logistics services. Along with this, continual growth in internationalization is expected to deliver substantial growth opportunity to the industry players in Europe. Such initiatives would help the logistics service providers to introduce new solutions with advanced technologies in the last mile delivery market.
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Geographically, the last mile delivery market is segmented into North America, APAC, Europe, Middle-East and Africa, and South America regions. North America leads the last mile delivery market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The growing industrial sector such as automotive, manufacturing, retail, food & beverages industries is driving the growth of freight as well as logistics market in the North America region. The e-commerce industry has recorded robust growth, and it is possible because of the efficient and effective logistics and supply chain management.
Leading Last Mile Delivery Market Players:
- CEVA Logistics AG
- DB Schenker (Deutsche Bahn AG)
- DHL (Deutsche Post AG)
- DSV A/S
- FedEx Corporation
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- XPO Logistics, Inc.
- United Parcel Service, Inc.
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Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Last Mile Delivery Market.
- Key market trends cracking up the growth of the Last Mile Delivery Market.
- Challenges to market growth.
- Key vendors of Last Mile Delivery Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Last Mile Delivery Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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