Growing popularity of e-commerce platforms and improved delivery services are expected to drive market expansion in the near future at a CAGR of 16.20% during the forecast period from 2024 to 2032

Market Research Future (MRFR) has published on the “Global Last Mile Delivery Market”.

The Market is estimated to register a CAGR of 16.20% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Last Mile Delivery Market— Accenture Plc, CMA CGM SA Group, Deutsche Post AG, DSV AS, FarEye Technologies Inc., FedEx Corp., FM LOGISTIC CORP., Honeywell International Inc., Infosys Ltd., Walmart Inc, Ryder System Inc, Target Corporation, Amazon Inc, Seko Logistics, XPO Logistics, Others.

Last Mile Delivery Market Highlights

The global Last Mile Delivery market is expected to register a CAGR of 16.20% during the forecast period and is estimated to reach USD 564.3 billion by 2032.

Factors driving the last-mile delivery market growth include the development of the e-commerce industry and an increase in trade activities as a result of globalization, technical developments in delivery vehicles, and an increase in demand for fast package delivery. However, insufficient facilities, greater logistical costs, a lack of control by manufacturers and retailers over logistics services, and an imprecise postal address system are projected to hamper industry expansion. Furthermore, the adoption of autonomous delivery to reinforce demand, cost savings, and lead time reduction due to the adoption of multi-modal systems and growth in the e-commerce industry, combined with an increase in B2C deliveries, is expected to create numerous opportunities for growth and expansion of the last mile delivery market.

Access full report @ https://www.marketresearchfuture.com/reports/last-mile-delivery-market-22138

Segmental Analysis

The global Last Mile Delivery Market has been segmented based on Service type, Technology, Application, and Delivery time.

The Service type segments the market into B2C (Business-to-Consumer), B2B (Business-to-Business), and C2C (Customer-to-Customer). The B2C category is particularly important because of the growth of e-commerce and increased client expectations for rapid and dependable delivery services.

The technology segments the market into Autonomous Vehicles, Non-Autonomous Vehicles, and drones. The non-autonomous segment dominated the market in 2023. Non-autonomous last-mile solutions are popular because they are cost-effective, adaptable, flexible, and have other advantages.

Application has divided the worldwide Last Mile Delivery Market into E-commerce, FMCG (Fast-Moving Consumer Goods), and others. The e-commerce sector, in particular, is expected to dominate the market due to the convenience of online shopping and customers' growing demand for fast delivery.

Delivery time has divided the worldwide Last-Mile Delivery Market into Regular and Same-Day Delivery. Throughout the projection year, same-day delivery will dominate the Last-Mile Delivery market. This market is becoming increasingly popular as Customers' need for faster delivery options has shifted.

Regional Analysis

The global Last Mile Delivery Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Last Mile Delivery Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Last Mile Delivery Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Last Mile Delivery Market is comprised of the Middle East, Africa, and Latin America.

North America's last-mile delivery industry is likely to have an important share of revenue and develop at a high CAGR in the near future. This is explained by the region's high rate of adoption of cutting-edge technologies and the predicted increase in efficiency from last-mile delivery. The region includes developed countries such as the United States and Canada, which are key markets for e-commerce and last-mile logistics.

Moreover, Europe's Last Mile Delivery industry is estimated to rise significantly in 2023, with a considerable CAGR during the forecast period. Europe strives for a balance between efficiency and sustainability. European consumers are increasingly concerned about the environmental impact of delivery, prompting companies to develop sustainable last-mile solutions. Traffic congestion in European cities, like in North America, can make last-mile deliveries difficult. Stricter limitations and labor rules governing delivery professionals may have an impact on European delivery prices and models. DHL, Deutsche Post, DPD, and regional players involved in environmental projects are among the key businesses.

Additionally, Asia Pacific is expected to grow at the fastest rate over the projection period. The region is rapidly urbanizing, resulting in dense populations and increased demand for goods and services in urban areas. With a large and rising urban population, there is a significant demand for last-mile deliveries to fulfill the needs of consumers, businesses, and online retailers. Rising disposable income and an expanding middle class in the Asia Pacific have resulted in more consumer expenditure on retail goods, groceries, and other items. As more individuals have access to online shopping and digital payment methods, the demand for home delivery services has increased, especially in urban areas where convenience is important.

The remaining Last-Mile Delivery market is segmented into three regions: the Middle East, Africa, and Latin America. The region saw a major increase in e-commerce activity, with an increasing number of people preferring online shopping for its convenience and product diversity. This increased the demand for effective last-mile delivery services, boosting the region's profile.

Key Findings of the Study

• The global Last Mile Delivery Market is expected to reach USD 564.3 billion by 2032, at a CAGR of 16.20% during the forecast period.


• Asia Pacific is expected to grow at the fastest rate over the projection period. The region is rapidly urbanizing, resulting in dense populations and increased demand for goods and services in urban areas.


• Based on Delivery Time, same-day delivery dominated the Last-Mile Delivery market in 2023.


• Accenture Plc, CMA CGM SA Group, Deutsche Post AG, DSV AS, FarEye Technologies Inc., FedEx Corp., FM LOGISTIC CORP., Honeywell International Inc., Infosys Ltd., Walmart Inc, Ryder System Inc, Target Corporation, Amazon Inc, Seko Logistics, and XPO Logistics are the key market players.