The delivering process of a consignment,
object, or goods into box or envelope from the transportation hub to a
final delivering destination is called last-mile delivery. Increase in
penetration of internet and expansion of the e-commerce industry has
propelled the demand of the last-mile delivery market. The global last-mile delivery market
is expected to expand during the forecast period, as the penetration of
the internet and preferences of customers for shopping are changing.
This, in turn, is anticipated to drive consumer spending on online
shopping, which is expected to be ultimately delivered to the customer
via a parcel. However, this is projected to require a transportation hub
that houses the parcel and delivery person for delivering it to the
end-customer.
Expansion of transportation and
automotive industries has propelled the last-mile delivery market, as it
has made last-mile delivery easy, safe, and convenient. Moreover, rise
in globalization is also anticipate to boost the last-mile delivery
market. Adoption of new technologies, logistic methods, and innovative
vehicles is likely to drive the last-mile delivery market. Consistent
demand for local delivery, groceries, food commodities, agricultural
goods, and small delivery is expected to offer significant opportunities
to key players in the last-mile delivery market.
Transportation of goods and services to a
small region or territory is a major driver of the last-mile delivery
market. Increase in demand for parcel in e-commerce, mails (postal),
online food, etc., is driving the last-mile delivery market. Major
restraints of the last-mile delivery market include transportation
strikes and prices of fuel.
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In last-mile delivery, road
transportation is widely preferred for the transportation of packages
from transportation hub to the end-user destination, as this way of
transportation is safe, secure, and efficient. Based on vehicle type,
the last-mile delivery market can be differentiated into motorcycles,
drone, LCV and HCV. LCV and HCV is further sub-segmented into pick-ups,
vans, and trucks & Lorries. Motorbikes are preferred for the
last-mile delivery of small packages, as they are easy and convenient to
use and are cost-effective. In terms of region, the global last-mile
delivery market can be segmented into Europe, Middle East & Africa,
Latin America, Asia Pacific, and North America.
Asia Pacific is expected to be a major
market for last-mile delivery, as this region is home to major
industries and automobile manufacturers. China and India contribute to
the increase in demand for last-mile delivery, as these countries have
high export and import of goods, which drives the last-mile delivery
market in the region. Furthermore, increase in digital buyers (buyers
which purchase goods via internet) has increased the demand of the
last-mile delivery market in these countries as the increase of couriers
and parcel will be increased.
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