Authored By: Sarah
23 Oct 2023

Global e-commerce industry and premiumization of goods and merchandise delivery is boosting the Last Mile Delivery Market |Forecast for 2023-2027|Technavio

The Last Mile Delivery Market is a billion-dollar market in the making as it is likely to experience steady growth because of the growing global e-commerce industry followed by premiumization of goods and merchandise delivery. Rising at a CAGR of 15.62%, the market is estimated to have an incremental growth of USD 165.6 Bn revenue growth from 2023 to 2027.

Senior Analyst at Technavio quoted ~ "the rising global e-commerce industry is the key factor driving the global last-mile delivery market "

last mile delivery market size, last mile delivery market trends, last mile delivery market growth, last mile delivery market analysis, last mile delivery market forecast

Billion-Dollar Last Mile Delivery Market Analysis

As per data, the e-commerce industry in China and the US is growing rapidly. For instance, e-commerce retail sales in the US increased by 39% in Q1 2021 over that in Q1 2020, whereas total retail sales showed a growth of only 16.4% in Q1 2021. 

Technavio’s recent analysis of the Last Mile Delivery Market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by a detailed study of the market segments in APAC, North America, Europe, South America, and Middle East and Africa, geographically during the forecast period. Download our sample report to discover more aspects of the market growth with data-backed analysis.

When it comes to the market challenges, operational challenges for last-mile delivery companies and risks associated with damage to and theft of packages are expected to hinder the growth of the market. However, a strong focus on technological advances and a strong focus on offering services to specific end-user segments will have a positive impact on the last-mile delivery market during the forecast period.

Technavio’s analysis of the Last Mile Delivery Market  also includes:

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive last-mile delivery market growth during the next five years
  • Precise estimation of the last-mile delivery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the last-mile delivery market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of last last-milevery market.
Read News Read Less
Interested in this report?
Get your sample now!