Latest News- Last Mile Delivery Market: B2C is expected to lead the Service segment during 2025-2029

The Last Mile Delivery Market is being driven by Growing global e-commerce industry

The Last Mile Delivery Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 51.1 billion. In the global last mile delivery market of 2024, there was a significant increase in the utilization of advanced technology for real-time tracking and management of retail deliveries. Consumers gained control over their package deliveries through user-friendly online tools, offering transparency and convenience. However, handling large or high-value goods presented a challenge for delivery providers. To mitigate this issue, companies introduced web and mobile applications for managing last mile delivery schedules of bulky or valuable packages. These applications enabled real-time tracking, electronic rescheduling, and notifications to customers via email, SMS, or voice calls for any delivery disruptions due to adverse weather or traffic conditions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • B2C
  • B2B
• Application
  • FMCG
  • E-commerce
  • Retails
  • Others
• Technology
  • Autonomous
  • Non-autonomous
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing global e-commerce industry
• Premiumization of goods and merchandise delivery
• Growing number of warehouses

However, the market also witnesses some limitations, which are as follows:

• Operational challenges for last mile delivery companies
• Risks associated with damage and theft of packages
• Introduction of alternative delivery services

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Market Scope in Last Mile Delivery Market Research Report

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Research Analysis Overview

The Last Mile Delivery Market is shaped by various factors including consumer expectations for real-time tracking and on-demand services, urban congestion, sustainability considerations, and the logistics process. E-commerce, retail stores, and peer-to-peer marketplaces all impact this final leg of the supply chain. Technology insights, such as autonomous vehicles and drones, aim to streamline last mile delivery, while consumer behavior and company costs influence shipping costs. Distribution centers, transportation hubs, and warehouses serve as key components in the delivery process, from the distribution center to the customer's doorstep. Omnichannel retailing, cloud kitchens, and food delivery platforms also play a role, with route optimization and mobile applications facilitating efficient last mile logistics. Brick-and-mortar retailers and non-autonomous technology are adapting to meet the demands of the digital age, while sustainability and urban congestion challenges are driving innovation in the industry.

Market Research Overview

The global air freight and logistics market encompasses revenues generated by companies offering air freight transportation, courier services, and logistics solutions, such as package and mail delivery and customs brokerage. According to Technavio, market size is determined by the earnings of air freight and logistics service providers. This market caters to real-time tracking and on-demand services, addressing consumer expectations in the age of e-commerce. Factors fueling growth include increasing cross-border e-commerce activities, urban congestion challenges, and sustainability considerations. The logistics process extends from distribution centers to the customer's doorstep or retail store, prioritizing exceptional customer experience. Emerging technologies, like autonomous vehicles and drones, are shaping the landscape, aligning with evolving consumer behavior.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/