Last Mile Delivery Transportation Market Growth, Trends, and Forecast, 2020 - 2030

Last Mile Delivery Transportation Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2030 Shubham Jamdade

• April 27, 2021

Last Mile Delivery Transportation Market: Introduction

According to the report, the global last mile delivery transportation market is

projected to reach ~US$ 400 Bn by 2030, expanding at a CAGR of ~3% during the forecast period. Rise in trade and more distance between manufacturing units and end users is likely to boost the market for transportation during the forecast period. In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role. Moreover, this mode of transport is costeﬀective for door-to-door service, owing to improved road infrastructure. This is anticipated to propel the last mile delivery transportation market during the forecast period.

Increase in industrialization and preference toward e-tailing is estimated to boost the last mile delivery transportation market. Online shopping is witnessing signiﬁcant expansion, owing to an increase in speedy Internet access, which has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience of shopping from home is projected to boost e-Commerce and consequently, drive the last mile delivery transportation market during the forecast period.

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Prominent players operating in the global last mile delivery transportation market include:

Cargo Carriers Limited, CJ Logistics Corporation, CEVA Logistics, Concargo Private Ltd, DB SCHENKER, Interlogix Pty Ltd., DHL Paket GmbH, Estes Express Lines, FedEx Corporation, Kuehne + Nagel, Nippon Express Co., Ltd., J&J Global Limited, KART, SNCF Geodis, Swift Transportation, TNT Holding B.V., Procet Freight, Tuma Transport, Yamato Holdings Co., Ltd., and United Parcel Service Inc.

Expansion of Last Mile Delivery Transportation Market

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Last Mile Delivery Transportation Market Growth, Trends, and Forecast, 2020 - 2030

Published on Dec 2, 2021

Abhinav Singh

Technological advancements over the past few years have raised customer expectations and influenced the purchasing patterns of consumers, along with how these products are delivered to them. Apart from evolving consumer preferences, consumers are increasingly demanding cost-effective and convenient last mile delivery due to which, last mile delivery transportation services have gained noteworthy popularity in recent years. Stakeholders operating in the current last mile delivery transportation market are of the opinion that the autonomous delivery vehicle technology is likely to open up new avenues in last mile delivery transportation. As delivery autonomous vehicles are likely to address the consumer demands for efficient delivery at lower costs, the adoption is likely to gain considerable traction during the forecast period.