Last Mile Delivery Market Report 2024 (Global Edition)

Global Last Mile Delivery Market Report 2024 Market Size Split by Delivery Mode (Regular Delivery, Same-Day Delivery or Express Delivery), by Application (E Commerce, Retail and FMCG, Healthcare, Mail...

Last Mile Delivery Market Report Description

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Last Mile Delivery Market Insights Video

Competitive Landscape of the Last Mile Delivery Market

The competitive landscape of the Last Mile Delivery market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Last Mile Delivery companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

 

Top Companies Market Share in Last Mile Delivery Industry: (In no particular order of Rank)

• A1 Express Services Inc
• Deutsche Post AG (DHL GROUP)
• Power Link Expedite
• United Parcel Service Inc (UPS)
• FedEx
• XPO Logistics Inc
• Amazon com
• Kerry Logistics Network Limited
• Drone Delivery Canada Corp
• A2Z Drone Delivery LLC
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Last Mile Delivery Market

Which Region Dominates the Last Mile Delivery Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The last mile delivery market in North America is expanding significantly as a result of the region's burgeoning e-commerce industry and rising consumer demand for quick and convenient delivery choices. Businesses in the area are making investments in cutting-edge technologies and streamlining their logistical systems in an effort to increase productivity and satisfy customers' growing demands. This development trend emphasizes how crucial North America will be in determining how last-mile delivery systems develop in the future.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Last Mile Delivery market due to several compelling reasons. The market for last mile delivery is expanding significantly as a result of the rise in e-commerce and the demand for effective delivery options. To maximize operations, businesses are investing in cutting-edge technologies and environmentally friendly delivery strategies. Asia Pacific has a great opportunity to shape the future of last-mile delivery services by addressing changing expectations and improving customer experiences.

The current report Scope analyzes Last Mile Delivery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Last Mile Delivery Market

According to Cognitive Market Research, the global Last Mile Delivery market size was estimated at USD 165954.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 66381.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The last mile delivery market in North America is expanding rapidly, driven by both the growing customer demand for convenient and quick delivery choices and the quick rise of e-commerce. Businesses are making investments in cutting-edge technologies and infrastructure for logistics in order to satisfy changing customer expectations and optimize operations. The use of same-day and express delivery services, which satisfy customers' need for quick shipping, is one market fueling this increase. All things considered, North America is positioned to play a major role in determining the direction of last-mile delivery services due to its dynamic e-commerce landscape and emphasis on customer happiness.

• According to Cognitive Market Research, the US had a major share in the Last Mile Delivery market with a market size of USD 52375.15 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The demand is amplified by the increasing urbanization and demand for convenient delivery options.
• The Canada Last Mile Delivery market had a market share of USD 7965.80 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. Canada's expansion of online retail into rural areas.
• The Mexico Last Mile Delivery market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 6040.73 million in 2024.

Europe Last Mile Delivery Market

According to Cognitive Market Research,  the global Last Mile Delivery market size was estimated at USD 165954.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 49786.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. The boom in online shopping and the demand for effective delivery solutions are driving substantial growth in the European Last Mile Delivery market. To address the growing need for quick and dependable shipping choices, businesses are investing in cutting-edge logistics technologies and environmentally friendly delivery strategies. The emphasis on eco-friendly last-mile delivery options, which complements Europe's dedication to sustainability, is one area driving this expansion. Europe is a key player in determining how last-mile delivery services develop throughout the continent because of its strong emphasis on innovation and customer satisfaction.

• The United Kingdom Last Mile Delivery market had a market share of USD 8364.09 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, Last Mile Delivery sales witness an upswing due to the government support for logistics infrastructure development.
• The France Last Mile Delivery market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD 4580.34 million in 2024.
• According to Cognitive Market Research, the Germany Last Mile Delivery market size was valued at USD 9857.68 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, Last Mile Delivery sales surge due to the technological innovation in last-mile delivery solutions.
• The Italy Last Mile Delivery market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 4281.62 million in 2024.
• The Russia Last Mile Delivery market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 7716.87 million in 2024.
• The Spain Last Mile Delivery market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 4082.47 million in 2024.
• The Luxembourg Last Mile Delivery market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 1543.37 million in 2024.
• The Portugal Last Mile Delivery market is projected to witness growth at a CAGR of 8.9% during the forecast period with a market size of USD 1045.51 million in 2024.
• The Greece Last Mile Delivery market is projected to witness growth at a CAGR of 9.4% during the forecast period with a market size of USD 597.44 million in 2024.
• Rest of Europe Last Mile Delivery market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 7716.87 million in 2024.

Asia Pacific Last Mile Delivery Market

According to Cognitive Market Research, the global Last Mile Delivery market size was estimated at USD 165954.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 38169.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031. The last mile delivery market in the Asia Pacific area is expanding quickly due to the expanding e-commerce industry and the growing demand for effective delivery services. Businesses are using cutting-edge technologies and creative logistics approaches to meet the wide range of demands of customers in the area. Adoption of alternative delivery techniques like drones and driverless vehicles, especially in densely populated urban areas, is one element driving this rise. The Asia-Pacific region has the potential to be a leader in the development of last-mile delivery services due to its rapidly expanding market and advancing technology capabilities.

• According to Cognitive Market Research, the China Last Mile Delivery market size was valued at USD 17176.26 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Last Mile Delivery sales surge in China due to the technological advancements in last-mile logistics.
• The Japan Last Mile Delivery market is projected to witness growth at a CAGR of 11.1% during the forecast period with a market size of USD 5267.39 million in 2024.
• The India Last Mile Delivery market had a market share of USD 4580.34 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. The demand is augmented by India's urbanization leading to dense delivery networks.
• The South Korea Last Mile Delivery market is projected to witness growth at a CAGR of 11.7% during the forecast period with a market size of USD 3816.95 million in 2024.
• The Australia Last Mile Delivery market is projected to witness growth at a CAGR of 12.3% during the forecast period with a market size of USD 1984.81 million in 2024.
• The South East Asia Last Mile Delivery market is projected to witness growth at a CAGR of 13.6% during the forecast period with a market size of USD 2633.69 million in 2024.
• The Rest of Asia Pacific Last Mile Delivery market is projected to witness growth at a CAGR of 12.4% during the forecast period with a market size of USD 2710.03 million in 2024

South America Last Mile Delivery Market

According to Cognitive Market Research, the global Last Mile Delivery market size was estimated at USD 165954.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 8297.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10% from 2024 to 2031. The market for last mile delivery is expanding significantly in Latin America as a result of rising e-commerce penetration and rising need for effective delivery options. Businesses are putting money into infrastructure and technology to increase delivery speed and dependability in order to serve the growing online consumer base in the area. The focus on solving logistical issues in rural and underdeveloped areas, where cutting-edge solutions like crowdshipping and micro-fulfillment centers are gaining favor, is one market sector propelling this expansion. Latin America has good prospects for last-mile delivery service expansion due to its developing e-commerce sector and emphasis on solving logistical obstacles.

• According to Cognitive Market Research, the Brazil Last Mile Delivery market size was valued at USD 3551.42 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Last Mile Delivery sales flourish in Brazil due to the investments in alternative delivery methods like drones and autonomous vehicles.
• The Argentina Last Mile Delivery market had a market share of USD 1394.02 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. The demand is augmented by Argentina's rapidly growing e-commerce market.
• The Colombia Last Mile Delivery market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 738.50 million in 2024.
• The Peru Last Mile Delivery market is projected to witness growth at a CAGR of 10.2% during the forecast period with a market size of USD 680.41 million in 2024.
• The Chile Last Mile Delivery market is projected to witness growth at a CAGR of 10.3% during the forecast period with a market size of USD 597.44 million in 2024.
• The Rest of Latin America Last Mile Delivery market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 1335.93million in 2024.

Middle East and Africa Last Mile Delivery Market

According to Cognitive Market Research, the global Last Mile Delivery market size was estimated at USD 165954.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3319.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031. The necessity for effective delivery solutions and the growing e-commerce penetration in the Middle East and Africa are driving significant growth in the last mile delivery market. Businesses are putting money into technology and infrastructure to keep up with the growing demand for efficient and dependable delivery services. The focus on solving logistical issues in urban areas, where cutting-edge technologies like delivery drones and smart lockers are gaining appeal, is one market area propelling this expansion. The Middle East and Africa provide tremendous potential for the development of last-mile delivery services because of their developing e-commerce markets and current technical developments.

• The GCC Countries Last Mile Delivery market is projected to witness growth at a CAGR of 11.1%during the forecast period with a market size of USD 1420.57 million in 2024. Last Mile Delivery sales flourish due to the booming e-commerce sector.
• The Egypt Last Mile Delivery market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 348.50 million in 2024.
• The South Africa Last Mile Delivery market is projected to witness growth at a CAGR of 11.3% during the forecast period with a market size of USD 524.42 million in 2024. Last Mile Delivery sales flourish in the South Africa due to the consumer demand for fast and convenient delivery options.
• The Turkey Last Mile Delivery market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 285.44 million in 2024.
• The Nigeria Last Mile Delivery market is projected to witness growth at a CAGR of 9.4% during the forecast period with a market size of USD 348.50 million in 2024.
• The Rest of MEA Last Mile Delivery market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 391.65 million in 2024. 

Last Mile Delivery Market Analysis

Last Mile Delivery Market Delivery Mode Segment Analysis

According to Cognitive Market Research, Regular Delivery stands out as the dominating category. In the Last Mile Delivery sector, regular delivery services are growing as e-commerce keeps growing. Businesses offering regular delivery services are benefiting from consumer need for dependable and affordable shipping solutions. They are satisfying the demands of both consumers and companies by utilizing the current infrastructure and streamlining routes, which is fostering the general expansion of the last mile delivery sector.

Same-Day Delivery or Express Delivery Mode emerges as the fastest-growing category in the Last Mile Delivery market. The market for last mile delivery is expanding because to the growing demand from customers for quick and easy shipping choices, which is being met by same-day and fast delivery services. In order to meet strict delivery deadlines and streamline operations, companies providing these services are investing in partnerships and cutting-edge logistics technologies. Same-day and rapid delivery are increasingly crucial elements of last-mile logistics strategy as e-commerce keeps growing.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Last Mile Delivery Industry. Request a Free Sample PDF!

Last Mile Delivery Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is E Commerce. The Last Mile Delivery market is expanding thanks to the exponential expansion of e-commerce. The number of customers choosing to shop online has increased, and with it, so has the need for prompt and effective delivery services. In order to satisfy these needs, last-mile delivery providers are coming up with new ideas and making investments in technology, route optimization, and other delivery techniques. This is helping to drive the market's growth.

The fastest-growing category in the Last Mile Delivery market is Retail and FMCG. The last mile delivery industry is expanding due to the growing need from the retail and FMCG sectors, which depend more and more on effective delivery options to satisfy customer expectations. Businesses in these industries are focusing on prompt and easy delivery of goods, therefore they are investing in partnerships, technology, and last-mile logistics infrastructure to guarantee timely product delivery to customers' doorsteps and support market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Last Mile Delivery Destination Segment Analysis

According to Cognitive Market Research, the dominating category is Domestic. Because it meets the growing need for local deliveries, the domestic segment is a major growth engine in the last mile delivery market. In response to the growing need for prompt and dependable delivery, companies offering domestic last-mile delivery services are growing their operations and investing in effective logistics networks. Customers are increasingly choosing to shop from neighboring stores or online platforms.

The fastest-growing category in the Last Mile Delivery market is International. As cross-border e-commerce grows, the international segment is starting to emerge as a major growth driver in the Last Mile Delivery market. To enable smooth cross-border delivery, businesses that specialize in international last-mile delivery services are investing in global logistics networks, technology, and procedures for customs clearance. The demand for imported goods and growing globalization are driving innovation and rapid expansion in the international last-mile delivery business.

• Domestic
• International

Last Mile Delivery Service Type Segment Analysis

According to Cognitive Market Research, the dominating category is Business-To-Business (B2B). As businesses increasingly rely on effective delivery services for their supply chain needs, the Business-to-Business (B2B) segment is driving growth in the Last Mile Delivery market. Businesses that offer B2B last-mile delivery services are expanding their markets by investing in technology and logistical infrastructure to improve efficiency and satisfy consumer demand for prompt and affordable business-to-business delivery of goods.

The fastest-growing category in the Last Mile Delivery market is Business-To-Consumer (B2C). With the ongoing rise in online buying, the Business-to-Consumer (B2C) sector is driving the Last Mile Delivery market's expansion. Businesses that provide B2C last-mile delivery services are making infrastructural and technological investments to keep up with the growing demand for quick and easy product delivery to customers' homes. The growth of this market shows how crucial effective last-mile logistics are becoming to the e-commerce ecosystem.

• Business-To-Business (B2B)
• Business-To-Consumer (B2C)
• Customer-To-Customer (C2C)

Last Mile Delivery Vehicle Type Segment Analysis

According to Cognitive Market Research, the dominating category is Motorcycle. Because motorbikes are so agile and affordable to operate in cities, the last mile delivery business is expanding as a result of their utilization. Delivery businesses that use motorbikes to transport packages are profiting from their capacity to avoid gridlock and reach clients' doorsteps promptly. Motorbikes are becoming increasingly important in broadening the market and improving delivery efficiency due to the growing demand for last-mile delivery options that are efficient.

The fastest-growing category in the Last Mile Delivery market is LCV. Because of their adaptability and ability to manage a range of delivery volumes, light commercial vehicles, or LCVs, are propelling the last mile delivery market's expansion. Businesses that use LCVs gain from its adaptability in efficiently delivering packages and traversing cities. LCVs are becoming essential to streamlining delivery processes and satisfying consumer expectations for prompt and dependable deliveries as the need for last-mile delivery services rises.

• Motorcycle
• LCV
• HCV
• Drones

Last Mile Delivery Mode of Operation Segment Analysis

According to Cognitive Market Research, the dominating category is Non-Autonomous. Since they still rule the current environment, non-autonomous delivery techniques are driving growth in the last mile delivery sector. In order to satisfy the growing need for effective last-mile delivery services, businesses that currently use manual delivery procedures and non-autonomous cars are adjusting. Non-autonomous techniques are revolutionizing last-mile delivery operations by streamlining routes, streamlining logistics, and streamlining delivery procedures.

The fastest-growing category in the Last Mile Delivery market is Autonomous. Due to their revolutionary approach to package delivery and transportation, autonomous delivery systems are driving the expansion of the last-mile delivery business. In order to maximize last-mile delivery operations, businesses are investing in drones and driverless cars thanks to technological breakthroughs. Last-mile logistics is changing as a result of these systems' improved scalability, lower prices, and increased efficiency, which are encouraging the development of autonomous solutions.

• Non-Autonomous
• Autonomous

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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