First and Last Mile Delivery Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2022 to 2030

According to Vision Research Reports, the global first and last mile delivery market is expected to grow at significant CAGR around 14.9% throughout the forecast period and reach around US$ 1.9 billion by 2030. The report provides analysis of global first and last mile delivery market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.

The first and last mile delivery of product distribution is vital to any merchant. The first mile always indicates the movement of goods from retailer to courier service or anyone who supplies the goods to the end-user or final distributer, while last mile denotes the final stage of movement of goods to its final customers.

Supply chain management providers are adopting innovative and latest technologies in order to enhance their availability, elasticity, sustainability, and efficiency. Several customers are willing to pay additional or extra charge for delivery or for immediate delivery, which in turn is projected to fuel the demand for first and last mile delivery in the near future. Adoption of cyber physical system-based service and use of sophisticated and metaheuristic algorithms are boosting the productivity of fist and last mile delivery solutions. Digitization in supply chain, such as integration of major technologies such as smart logistics and warehousing, and critical analysis of information are anticipated to increase the demand for first and last mile delivery in different industries. This, in turn, is likely to propel the first and last mile delivery mile market during the forecast period. Furthermore, increase in urbanization which leads to a more concentrated consumer market, drastic change in consumer behavior, and increase in use of digital platforms for purchase are likely to propel the first and last mile delivery market during the forecast period.

In terms of vehicle type, the global first and last mile delivery market has been bifurcated into light duty vehicle, medium duty vehicle, and heavy duty vehicle. In terms of revenue, the light duty vehicle segment accounted for a major share of the market in 2019. Moreover, retail price, acceleration, fuel economy, interior volume, and ease of operation of light duty vehicles in urban areas prompts most logistic companies to prefer light duty vehicles. Road logistics and transportation activities are increasing across the globe. However, road transport contributes to significant share of carbon emission globally. Stringent emission norms and development of electric vehicles by OEMs are likely to boost the light duty vehicle segment during the forecast period.

In terms of end-use, the first and last mile delivery market has been segregated into chemicals, pharmaceutical & healthcare, FMCG, food and beverage, hi-tech product industry, and others. The FMCG segment is anticipated hold a major share of the market during the forecast period. Shift of preference of urban consumers from essential to premium products, attractive supply chain solutions provided by logistic companies, increase in accessibility of online stores, and expansion of e-commerce industry are projected to fuel the FMCG segment during the forecast period.

In terms of region, the global first and last mile delivery market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. China is a major exporter and importer of goods. Moreover, positive economic environment, introduction of new infrastructure and the rise of e-retailing in China are anticipated to expand the logistic industry in the country, which in turn is expected to drive the first and last mile delivery market in China during the forecast period. Furthermore, expansion of the e-commerce industry in India and increased government spending on development of infrastructure are anticipated to propel the First and Last Mile Delivery Market in the country during the forecast period.

Major players operating in the global first and last mile delivery market include Cargo Carriers Limited, FedEx Corporation, United Parcel Service Inc., Tuma Transport, Swift Transport, Interlogix Pty. Ltd., Transtech Logistics, Procet Freight, Concargo Private Limited, J&J Global Limited, DB SCHENKER, DHL Global Forwarding, TNT Express, Kerry Logistics Network Limited, and KART. Numerous other small players are operating in the first and last mile delivery market in various countries, as entry into the market does not require significant initial establishment cost. These small players hold a majority share of the total first and last mile delivery market. A majority of consumers prefer these small players, as they charge less as compared to key players. Moreover, smaller players are focused only on a particular city, which enables highly effective delivery service, such as one-day delivery and good handling of the parcel.

Segmentation

  1. Market, by End-Use
    • Chemicals
    • Pharmaceutical & Healthcare
    • FMCG
    • Hi-tech Product Industry
    • Food and Beverage
    • Others
  2. Market, by Cargo Type
    • Dry Goods
    • Postal
    • Liquid Goods
  3. Market, by Vehicle type
    • Light Duty Vehicle
    • Medium Duty Vehicle
    • Heavy Duty Vehicle
  4. Market, by Region
    • North America
      • U.S
      • Canada
    • Europe
      • Germany
      • France
      • U.K
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • ANZ
      • Rest of Asia Pacific 
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Report Detail

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