Last Mile Delivery Transportation - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Last Mile Delivery Transportation Market is accounted for $287.22 billion in 2019 and is expected to reach $424.35 billion by 2027 growing at a CAGR of 5.0% during the forecast period. Technological developments and the adoption of diversified last mile services are the major factors propelling the market growth. However, the fluctuation in prices of fuel is hampering the market growth.
Last mile delivery transportation is defined as the shipping of goods from a transportation hub to the final delivery destination. The final delivery destination is typically a personal residence. The focus of last mile logistics is to deliver items to the end user as fast as possible. Last mile logistics has become a popular area of interest for retailers due to the growing demand for fully integrated omnichannel retailing.
Based on the cargo type, the dry goods segment is going to have a lucrative growth during the forecast period owing to the increase in volume of import of industry and manufacturing raw materials and export and import of food and pharmaceuticals. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the enhancement in road network transport, and inclination toward development of industries over the years in this region.
Some of the key players profiled in the Last Mile Delivery Transportation Market include Cargo Carriers Limited, CEVA Logistics, CJ Logistics Corporation, Concargo Private Limited, DB SCHENKER, DHL Global Forwarding, FedEx Corporation , Interlogix Pty. Ltd, J&J Global Limited, KART, Kerry Logistics Network Limited, Kintetsu World Express, KUEHNE + NAGEL , Nippon Express, Procet Freight, Swift Transport, Tiong Nam Logistics Holdings, TNT Express, Transtech Logistics, Tuma Transport, United Parcel Service Inc and Yamato Transport Co. Ltd.
Vehicle Types Covered:
• Medium Duty Vehicle
• Light Duty Vehicle
• Heavy Duty Vehicle
Cargo Types Covered:
• Postal Goods
• Liquid Goods
• Dry Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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