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Last Mile Delivery Market to Reach $288.9 Billion, Globally, by 2031 at 8.1% CAGR: Allied Market ResearchThe growth of the e-commerce sector, increase in usage of drones and ground delivery vehicles by organizations for delivery, and surge in demand for fast package delivery drive the growth of the global last mile delivery market. PORTLAND, Ore., July 6, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Last Mile Delivery Market by Service Type (Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C)), by Vehicle Type (Motorcycle, LCV, HCV, Drones), by Mode of Operation (Non-Autonomous, Autonomous), by Delivery Mode (Regular Delivery, Same-Day Delivery or Express Delivery), by Application (E Commerce, Retail and FMCG, Healthcare, Mails and Packages, Others), by Destination (Domestic, International): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global last mile delivery industry generated $131.5 billion in 2021, and is expected to reach $288.9 billion by 2031, witnessing a CAGR of 8.1% from 2022 to 2031.  Drivers, Restraints, and Opportunities The expansion of the e-commerce industry, surge in utilization of drones and ground delivery vehicles by delivery companies, and rise in demand for fast delivery of packages drive the growth of the global last mile delivery market. However, poor infrastructure & high logistics costs and lack of control of manufacturers and retailers on the logistics services restrain the market growth. Contrarily, rise in technological innovations and investments by top market players create new opportunities in the coming years. Download Report (336 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5163 Covid-19 Scenario
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/5163 The regular delivery segment to continue its dominant share during the forecast period Based on delivery mode, the regular delivery segment contributed to the highest market share in 2021, contributing to more than two-thirds of the global last mile delivery market, and is estimated to continue its dominant share during the forecast period. This is attributed to this mode being relatively less expensive as compared to same-day express or delivery mode. However, the same-day delivery or express delivery segment is expected to manifest the fastest CAGR of 10.5% from 2022 to 2031, owing to increased demand for easy and quick availability of various products across the globe. The e-commerce segment to maintain its leadership status by 2031 Based on application, the e-commerce segment held the highest share in 2021, accounting for nearly two-fifths of the global last mile delivery market, and is projected to maintain its leadership status by 2031. This is due o surge in online shopping, rise in number of businesses coming online, and increase in penetration of internet across the world. However, the retail and FMCG segment is projected to witness the highest CAGR of 9.6% from 2022 to 2031, owing to supply of local and international brands to shoppers and other advantages in terms of skills, labor costs, access to raw materials, ease of doing business, and proximity to customers. Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/5163 Asia-Pacific to continue its lead position by 2031 Based on region, Asia-Pacific contributed to the highest market share in terms of revenue in 2021, accounting for more than one-third of the global last mile delivery market, and is projected to continue its lead position by 2031. This is attributed to surge in standards of living, high government support for development of logistics infrastructure, rise in international trade, and significant rise in online-commerce retail sales. However, LAMEA is estimated to witness the largest CAGR of 10.1% during the forecast period. This is due to increase in demand for fast transport services, economic development, rise in customer demand for same-day deliveries with the e-commerce growth, increase in number of new start-ups, and strong presence of local and international players. Leading Market Players
Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/2588e06a6000ec7a7254b2825ede5124 Similar Reports We Have on Logistics Industry: KSA Last Mile Delivery Market by Service Type (B2B and B2C), Delivery Time (Regular Delivery and Express & Same-day Delivery) and End Use (E-commerce, Retail & FMCG, Healthcare, Mails & Packages, and Others): Opportunity Analysis and Industry Forecast, 2021–2030. Autonomous Last Mile Delivery Market by Application (Logistics, Healthcare and Pharmaceutical, Food and Beverage, Retail and Others), Solution (Hardware, Software and Services), Range (Short Range and Long Range) and Vehicle Type (Aerial Delivery Drones, Ground Delivery Bots, Self-driving Trucks and Vans): Global Opportunity Analysis and Industry Forecast, 2021–2030. Logistics Market by Mode of Transport (Railways, Airways, Roadways, and Waterways) and End Use (Healthcare, Manufacturing, Aerospace, Telecommunication, Government & Public Utilities, Banking & Financial Services, Retail, Media & Entertainment, Technology, Trade & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2017–2030. Same Day Delivery Market by Application (Retail, E-Commerce, Healthcare, Manufacturing, Documents & Letters and Others), Mode of Transportation (Airways, Roadways, Railways and Intermodal), and End User (B2B, B2C and C2C): Global Opportunity Analysis and Industry Forecast, 2020–2030. Express Delivery Market by Application (B2B and B2C), End Use (E-commerce Platform, Document Service and Others) and Destination (Domestics and International): Global Opportunity Analysis and Industry Forecast, 2021–2030. Inboard Express Cruiser Market by Product Type (Stepped Hull, Displacement Hull, and Others) and Application (Fishing, Sport, Canal, High-performance, Dive, and Classic): Global Opportunity Analysis and Industry Forecast, 2021–2030. Courier Services Market by Product (Courier, Express, and Parcel), Business (B2B (Business-to-Business), Consumer-to-consumer (C2C), and B2C (Business-to-Consumer)), Destination (Domestic, and International), End User (Services (BFSI (Banking, Financial Services, and Insurance)), Wholesale and Retail Trade (E-commerce), Primary Industries (Agriculture, and Other Natural Resources), Manufacturing, Construction, and Utilities: Global Opportunity Analysis and Industry Forecast, 2020–2030. Courier, Express, and Parcel (CEP) Market by Business (B2B, B2C, and C2C), Destination (Domestic and International), and End User (Services, Wholesale & Retail Trade, Manufacturing, Construction & Utilities, and Primary Industries): Global Opportunity Analysis and Industry Forecast, 2020–2030. About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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