Last Mile Delivery For E-Commerce Sector Market In China 2024-2028: Growing B2C e-commerce market in China demand Fuels Growth
The last mile delivery for e-commerce sector market in china size by Delivery Mode (Regular delivery and Same day delivery or express delivery), Service (B2C and B2B), Type (Domestic and International), and Geography (APAC), is forecast to increase by USD 23.5 billion. The market is expected to grow at a CAGR of 17.89% between 2024 and 2028.
The expanding Internet connectivity and escalating purchasing power parity in China are primary drivers fueling the growth of e-commerce in the region. China is a significant player in the Asia Pacific (APAC) e-commerce market. The variability in last mile delivery demands from end-users in China's e-commerce sector stems from their preference for expedited product delivery, leading them to pay premiums. E-tailers and consumers' evolving needs are fueling the demand for courier services in China's Business-to-Consumer (B2C) e-commerce segment. Additionally, there is a growing trend towards same-day delivery services in the last mile delivery market for China's e-commerce sector.
Access the full report to know about market driving, challenges and trend factors
In the Chinese last mile delivery market for the e-commerce sector, traditional delivery services held the largest market share in 2023, accounting for a significant portion of packages and parcels dispatched to both business and residential customers within a 1-3 business day timeframe. The e-commerce industry in China is expanding rapidly at an approximate annual growth rate of 20%, outpacing the projected growth of the last mile delivery market for e-commerce. This expansion has granted consumers direct access to manufacturers, leading to a surge in demand for efficient and reliable last mile delivery solutions.
In the Chinese e-commerce sector, Business-to-Consumer (B2C) last mile delivery held the largest market share in 2023. This segment involves the delivery of individual parcels and goods from transportation hubs directly to consumers' residences. The increasing trend of online shopping has amplified the significance of efficient B2C last mile delivery. However, compared to Business-to-Business (B2B) deliveries, B2C last mile delivery poses a greater challenge. The reason being, B2C deliveries consist of numerous standard single purchases that must be delivered to distinct locations, requiring more precise and personalized logistical planning.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
