Latest News- Last Mile Delivery Market in North America: B2C is expected to lead the Product segment during 2025-2029
The Last Mile Delivery Market in North America is being driven by Growing B2C e-commerce industry in US
The Last Mile Delivery Market in North America is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14.9 billion. In the North American last mile delivery market, there is a significant trend towards the implementation of advanced technologies for real-time package tracking. Consumers are increasingly utilizing web and mobile applications to manage and modify retail deliveries, ensuring greater transparency and control over their package deliveries. However, for large or high-value packages, direct customer collection is necessary due to security concerns. Delivery providers are addressing this challenge by offering customers last mile delivery management applications to manage the scheduling of large or heavy cargo deliveries.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (B2C, B2B) Vehicle Type (Large OEMs, Custom vehicle OEMs) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Last Mile Delivery Market in North America Research Report
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The Last Mile Delivery Market in North America focuses on the final leg of the supply chain, connecting goods from transportation hubs or warehouses to customers. This stage typically incurs high shipping expenses. Innovations like drones, delivery robots, self-driving vehicles, and humanoid robots are revolutionizing Last Mile Logistics. Online shopping's growth fuels the demand for efficient and cost-effective product delivery services. Advanced technologies such as artificial intelligence, internet, advanced sensors (cameras, radar, LiDAR), contactless delivery services, and cloud platforms enhance safety and streamline operations.
The last mile delivery segment of the North American market represents the final leg of the supply chain, encompassing the transportation of goods from warehouses or transportation hubs to their final destinations. According to Technavio, the last mile delivery market size in North America is calculated based on revenue generated by providers of delivery vehicles, package delivery services, and logistics solutions, including tracking and up to the point of delivery. Factors driving growth in this market include the surge in business-to-consumer (B2C) deliveries, the increasing adoption of a multi-modal system for transportation, and the expanding postal address system to cover remote areas. Additionally, the implementation of autonomous delivery solutions and the need to address weak infrastructure and high logistics costs are expected to further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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