The global last mile delivery market refers to the transportation of goods from distribution centers to the final destination or end consumer. It involves transporting shipments during the last leg of the supply chain, which could range between 1-10 miles. Over the years, last mile delivery has become more complex with the growth of e-commerce as consumers expect faster deliveries, same-day/instant deliveries, and more delivery options. This has compelled logistics companies to adopt innovative delivery models and technologies such as electric vehicles, drones, and IoT devices to efficiently manage the peak volume of packages and meet dynamic customer needs.
Market Dynamics:
The global last mile delivery market is driven by the rapid growth of the e-commerce sector worldwide. The increasing customer demand for quick deliveries, same-day, and instant deliveries have become key factors influencing buyers’ selection of retailers. Moreover, continuous technological advancements in delivery solutions such as autonomous vehicles and drones are creating new opportunities in the market. However, rising traffic congestions, limited delivery slots, and lack of standardization in delivering cross-border shipments are some challenges faced by logistics players. High costs associated with last mile deliveries also act as a restraint. To capitalize on the growth opportunities, companies are focusing on offering value-added services, collaborative delivery models, and establishing strategic partnerships.
Key Features of the Study:
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