First and Last Mile Delivery Market Size Worth $288.38 Billion by 2031 | CAGR: 6.12%


  • Companies rely on technology integration for an automated supply chain; strategic collaborations and partnerships to drive the adoption of automation solutions in end-use industries, especially in warehouses and logistics services
  • Widespread demand for light vehicles in the first and last mile delivery market to drive revenue growth; Asia Pacific attend huge profitable avenues

WILMINGTON, Del., August 24, 2022 /PRNewswire/ — The growing adoption of many supply chain automation technologies has created lucrative opportunities for service providers in the first and last mile delivery market. It should be noted that logistics companies are moving towards the use of artificial intelligence, drones and robotics in warehousing to gain substantial efficiencies in the supply chain, in terms of cost and time. The first and last mile delivery market is expected to grow at a CAGR of 6.12% from 2022 to 2031.

The emergence of third-party logistics (3PL) service providers has widened the canvas for players to capture value, enabling them to grow their first and last mile delivery market shares during the period of forecast. Advances in first- and last-mile product deliveries in the food and beverage industry are driving improvements in the food supply chain around the world. The trend has increased the size of the first and last mile delivery market.

Leading last mile delivery companies want to bridge the gap between first and last mile deliveries by reducing the need for in-between logistics, which has broadened the scope for new technology integrations in the supply chain. In developing countries, the increase in the transportation of raw materials is creating potentially lucrative opportunities for players, especially 3PL companies, thereby boosting the prospects for the first and last mile delivery market.

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Key findings from the first and last mile delivery market research

  • Adoption of automation technologies for warehouses and revenue-generating logistics services: The widespread need for continuous automation of supply chains in various industries has led to technological advancements in warehouse and logistics solutions. Growing adoption of next-generation automation solutions across various industries is propelling revenue generation in the first and last mile delivery market. Suppliers and distributors are keen to optimize last mile deliveries, thus enriching the entire value chain for market players.
  • Widely used light vehicles for faster and cost effective delivery: Light commercial vehicles have become the popular means of transport, especially for consumer goods and food products. Their adoption is rooted in the need to make last mile deliveries fast, economical and environmentally friendly. Furthermore, the need for sustainable transportation solutions around the world underpins many opportunities. It should be noted that the FMCG industry held the major share of the first and last mile delivery market in 2021.

First and Last Mile Delivery Market: Key Drivers

  • The continuous digitalization of processes in the retail sector, coupled with the increase in the transportation of goods in various countries and internationally, is a key driver for the adoption of new technologies in the delivery market. first and last mile.
  • The steady increase in e-commerce worldwide is a key driver for efficient and cost-effective first and last mile delivery services. Over the past few decades, the growth of the e-commerce sector has been propelled primarily by the increase in online shopping.

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First and last mile delivery market: regional growth momentum

  • Asia Pacific held a major first and last mile delivery market share globally in 2021, and is expected to remain remarkably lucrative during the forecast period. The regional market has seen a growing demand for first mile logistics software that can be used to gain complete supply chain visibility.
  • The massive need for warehouse and logistics automation is pivoting huge profitable avenues in the Asia Pacific first and last mile delivery market. Changing e-commerce trends, especially due to the changing online shopping habits of consumers, will open up new frontiers in the near future.
  • Europe is expected to represent a key share of the global first and last mile delivery market. The growth is fueled by the early adoption of advanced automation solutions in transportation and logistics across various end-use industries.

First and Last Mile Delivery Market: Competition Landscape

The major players are focusing on offering advanced logistics solutions under competitive strategies in the first and last mile delivery market. Some of the major players are Transtech Logistics, Swift Transport, Procet Freight, DB SCHENKER, TNT Express, Tuma Transport, Interlogix Pty. Ltd., United Parcel Service Inc., J&J Global Limited, J&J GLOBAL LOGISTICS LIMITED, DHL Global Forwarding and FedEx Corporation.

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Segmentation of the first and last mile delivery market

  • Type
    • Dried products
    • Postal
    • Liquid products
  • Vehicle type
    • Light vehicle
    • medium-duty vehicle
    • heavy vehicle
  • End use
    • Chemical
    • Pharmaceutical and Health
    • FMCG
    • High-tech products industry
    • Food and drink
    • Others

Regions

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries

  • WE
  • Canada
  • Mexico
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia & IEC
  • China
  • India
  • Japan
  • ASEAN
  • South Korea
  • Brazil
  • Argentina
  • GCC
  • South Africa

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