Global Last-Mile Delivery for E-Commerce Market Scope Report

Global Last-Mile Delivery for E-Commerce Market Highlights Over 2023 - 2035

The global last-mile delivery for e-commerce market is estimated to garner a revenue of ~ USD 136 billion by the end of 2035 by growing at a CAGR of ~8% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~ USD 56 billion in the year 2023. The tremendous growth of E-commerce witnessed in recent times is thought to have the most prominent influence on the global last-mile delivery for e-commerce market development. E-commerce is expected to comprise over 29% of retail shopping by 2024. This is mainly from the access to innumerable options and brands in the online shopping space

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With the competition in online shopping getting more intense with time, the efficiency in delivery and returns have become decisive for brands to get ahead of their competitors. In addition to seamless, fast, and free delivery, consumers now look for choices on the time and day for delivery and store pickups. All these are believed to bring great potential for global last-mile delivery for e-commerce market.

Global Last-mile Delivery for E-Commerce Market: Growth Drivers and Challenges

Growth Drivers

• Far-reaching Access to the Internet – In the last decade, steady and enormous growth was observable in the global population who had access to the internet. According to the World Bank, internet users in the world have increased from 29% in 2010 to 60% in 2020. With improved connectivity, consumers can now engage in efficient search and comparison of products and services. Further, the internet of things (IoT) fosters the order and delivery of items at desired times and locations. IoT facilitates shipping companies the live tracking of last-mile delivery vehicles for insights on performance, route efficiency, and traffic situations.

• Worldwide Adoption of Smartphones – About 7 billion people or over 82% of the world’s population, were estimated to be using smartphones in 2022.

• Economic Growth in Different Parts of the World – Despite the dramatic decline in 2020, the annual real domestic gross product growth rate in the United States (U.S.) increased to ~6% in 2021.

• Growing Usage of Self-Driving Vehicles – Every year, the industry of autonomous vehicles is believed to expand by over 15% globally.

Challenges

• Disruptions in the Supply Chain as a Result of the Pandemic

• Accidents Caused by Self-driving Vehicles

• High Costs Involved in the Infrastructure for High-speed Delivery

The global last-mile delivery for e-commerce market is segmented and analyzed for demand and supply by mode of operation into non-autonomous and autonomous. Between these, the non-autonomous segment is anticipated to witness significant growth in the forecast period as a result of the growing demand for prompt delivery from consumers. As of 2022, ~46% of shoppers are reluctant to purchase from the same business if the delivery stood late. With more people shopping online, fewer consumers are ready to wait for two days, while a significant proportion expects their order to be delivered on the same day. This opens a substantial opportunity for the autonomous segment in the global last-mile delivery for e-commerce market.

Global Last-mile Delivery for E-Commerce Market Regional Synopsis

Regionally, the global last-mile delivery for e-commerce market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2035. The expanding E-commerce penetration in the area provides a favorable situation for the growth of the global last-mile delivery for e-commerce market in the part. By the beginning of 2021, over 85% of active internet users in Indonesia engaged in online shopping. Consumers in Asia Pacific, especially in India and Indonesia are exhibiting optimism regarding an economic rebound after COVID-19, and hence a significant wish to splurge after the pandemic.

Market Segmentation

Our in-depth analysis of the global last-mile delivery for e-commerce market includes the following segments:

Key Companies Dominating the Global Last-mile Delivery for E-Commerce Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global last-mile delivery for e-commerce market that are included in our report are FedEx Corporation, United Parcel Service, Inc., Purolator Inc., Uber Technologies Inc., DPD Deutschland GmbH, DHL International GmbH., RXO, Inc., Gregory Group, Wincanton Holdings Ltd, Kuehne + Nagel Management AG, and others.

Global Last-mile Delivery for E-Commerce Market: Latest Developments

• May, 2022: United Parcel Service, Inc. – announced the acquisition of the software-as-a-service delivery orchestration platform, Delivery Solutions to offer customers a more flexible and engaging online shopping experience.

• February, 2020: FedEx Corporation – announced contracting with FedEx Ground for transportation and delivery of residential Express shipments.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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