Last Mile Delivery Market in North America 2018-2022
About Last Mile Delivery
Last mile logistics refers to the last step of the delivery process from a distribution center or facility to the end customer. The aim of last mile logistics is to deliver items to the end customer as fast as possible.
Technavio’s analysts forecast the last mile delivery market in North America to grow at a CAGR of 12.76% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the last mile delivery market in North America for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Last Mile Delivery Market in North America 2018-2022
Technavio recognizes the following companies as the key players in the last mile delivery market in North America: DHL, FedEx, UPS, USPS, and XPO Logistics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing focus of vendors on expanding their market presence in North America. The e-retailing and logistics companies are focusing on extending their market presence to cater to remote customers. A key vendor announced the expansion of its service hubs that will increase the access of the US population up to 90% and reduce delivery times significantly.”
According to the report, one driver in the market is growth of e-retailing. North America is witnessing extensive growth of online retailing or e-retailing, due to the growing volume of consumers preferring online stores. Consumers are increasingly ordering large volumes of goods online and shifting from brick and mortar stores for their purchases.
Further, the report states that one challenge in the market is operational challenges for last mile delivery companies. A major challenge associated with last mile delivery operations is to maintain profitability while ensuring transparency and improving the delivery efficiency.
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