Last Mile Delivery Market Comprehensive Evaluation of the Market via in-Depth Qualitative Insights by 2027


The global last mile delivery market accounted to US$ 1.99 Bn in 2018 and is expected to grow at a CAGR of 16.7% during the forecast period 2019 – 2027, to account to US$ 7.69 Bn by 2027.

Geographically, the last mile delivery market is segmented into North America, APAC, Europe, Middle-East and Africa, and South America regions. North America leads the last mile delivery market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The growing industrial sector such as automotive, manufacturing, retail, food & beverages industries is driving the growth of freight as well as logistics market in the North America region. The e-commerce industry has recorded robust growth, and it is possible because of the efficient and effective logistics and supply chain management.

Europe is the second largest market in the last mile delivery market. Apart from North America and Europe, Asia Pacific remains at the third largest geographic segment in the last mile delivery market. Moreover, the factors which strengthen the outlook of last mile deliveries are increased interest of customers in outsourcing a more extensive range of logistics services.

Along with this, continual growth in internationalization is expected to deliver substantial growth opportunity to the industry players in Europe. Such initiatives would help the logistics service providers to introduce new solutions with advanced technologies in the last mile delivery market.

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