Press Release

The first and last-mile delivery market is estimated to record a CAGR of around X% during the forecast period

Evolve Businesses Intelligence has published a half-cooked research report on the first and last-mile delivery  Market, 2021–2030. The dental digital treatment software market is projected to exhibit a CAGR of around X% during the forecast period of 2022 to 2030.

XXX has recognized the following companies as the key players in the first and last-mile delivery market are Sprinter, UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx, Kuehne + Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics, J.B. Hunt (JBI, DCS & ICS), Agility, China POST, Hitachi Transport System, DSV, YTO Express, Panalpina, Toll Holdings, and Expeditors International of Washington.

Market Highlights

The first and last-mile delivery market is projected to be valued at USD XX  Billion by 2030, recording a CAGR of around X% during the forecast period. The first mile represents the passing of various goods to the courier or anyone from the supplier to deliver the goods to the end-user while the final delivery to their customer is known as the last mile. For the manufacturer, the first mile is called the last mile. In the first and last mile, delivery service is defined as the movement of a package or package from its place of origin through the receiving chain, transport chain, and delivery chain to its final destination. together. The Pick-Up and Delivery Chain is the Stage where the First Mile delivery service is between them and when the parcel is delivered to the final consumer, it is the Last-mile because it is between the shipping chain and the destination.

The COVID-19 pandemic has changed existing logistics strategies and disrupted last-mile deliveries. Due to social distancing, the way everyone receives and sends packages has changed. Contactless delivery has become the norm. This allows for social distancing. Contactless delivery might seem like a simple process where a delivery man just drops off a product at a customer’s doorstep, but it’s not.

Customers must be notified when a delivery is completed without opening the door. For contactless use, people must refuse cash and card payments. To meet safety requirements, companies must also provide customers with current body temperature and timestamps from delivery and retail staff. As a result, there is a growing demand for innovative first and last-haul transport strategies that will benefit the market in the long term.

Segmental Analysis

The first and last-mile delivery market has been segmented based on the good’s type, mode of operation, application, and solution.

Depending on the type of goods, the market segment is divided into dry goods, postal goods, and liquid goods. The dry goods segment has the largest market share. The market segment is expected to grow as demand for dry goods imports and exports increases as supply chains recover from the pandemic. The company is ordering vans from the last mile, and dry goods volumes have skyrocketed.

The mode of operation segment is divided into light-duty vehicles, medium-duty vehicles, heavy-duty vehicles, self-driving vans and trucks, and delivery bots. The delivery bot segment is forecast to grow at the highest CAGR during the forecast period. companies are solving these problems through innovation. And create new products. The delivery bot segment is forecast to grow at the highest CAGR during the forecast period. Long-distance logistics is a challenge for logistics companies, where efficient transportation on a large scale is an individual logistics challenge due to special handling requirements, careful management, and unstable coordination with customers. Here’s how businesses face this challenge through innovation.

The application segment of the market is divided into logistics and transportation (package delivery, postal delivery), retail and food (e-commerce, grocery delivery, food delivery), healthcare & pharmacy (medicine supply, blood supply, organ transport, equipment transport, others), and others.

In the retail and food sector, the largest market share is expected to come from the food segment. Companies have already begun testing autonomous food delivery vehicles. Everything is delivered to the doorstep to help the segment grow.

The solution segment of the market is divided into hardware (ground control station, charging station, micro-fulfillment centers, others) and software (route planning and optimization, inventory management, live tracking, fleet management, computer vision, others).

The hardware segment represents the highest market size and the segment’s growth is attributable to the use of in-vehicle hardware units. Last-mile delivery vehicles can benefit from the right access hardware in terms of safety and convenience.

Access Full Report:

Regional Analysis

The first and last-mile delivery market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Due to its large population, the Asia-Pacific region is the leading market for first and last delivery market. North America and Europe have emerged as the leading market for the first mile and last mile. the rapid growth of the e-commerce sector owing to the increase in smartphones and internet penetration is expected to boost the first and last-mile delivery market.

Leave a Reply

Your email address will not be published. Required fields are marked *