Last Mile Delivery Market to Grow by USD 51.1 Billion from 2025-2029, Boosted by Global E-Commerce Growth, AI's Impact on Market Landscape
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Last Mile Delivery Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 - 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 4.2%
Market growth 2025-2029
USD 51.1 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
3.9
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 51%
Key countries
US, Germany, China, Canada, India, UK, Japan, South Korea, France, and Italy
Key companies profiled
Accenture PLC, CMA CGM SA Group, Deutsche Bahn AG, DHL Express Ltd., DSV AS, FarEye Technologies Inc., FedEx Corp., FM Logistic, Honeywell International Inc., Infosys Ltd., J B Hunt Transport Services Inc., Kuehne Nagel Management AG, Mara Labs Inc., Nippon Express Holdings Inc., Royal Mail Group Ltd., Schneider Electric SE, SNCF Group, United Parcel Service Inc., Werner Enterprises Inc., and XPO Inc.
Market Driver
The Last Mile Delivery market is experiencing significant trends as consumer expectations shift towards real-time tracking, on-demand services, and better customer experience. Urban congestion and sustainability considerations are driving the need for efficient logistics processes and innovative solutions like autonomous vehicles and drones. E-commerce growth and the rise of peer-to-peer marketplaces are increasing the importance of last mile delivery. Technology insights, such as route optimization and mobile applications, are streamlining the logistics process from distribution centers to the customer's doorstep. Brick-and-mortar retailers are adopting omnichannel retailing and cloud kitchens to meet changing consumer behavior. Logistics costs, including shipping and transportation, are a concern for both retailers and customers. Autonomous technology, like delivery robots and Scout, and non-autonomous technology, like ground delivery vehicles and skilled workers, are being used to reduce these costs. Poor infrastructure and logistics costs are challenges for the industry, but advancements in IT standards, system integration, and transportation hubs are helping to overcome these hurdles. The logistics market is expected to grow as freight transportation companies and supply chain activities adapt to meet the demands of the e-commerce industry and the need for easy returns and shipping options.
In 2024, the last mile delivery market witnessed a significant trend with the increasing use of advanced technology for real-time package tracking. Consumers gained control over their retail deliveries through user-friendly online tools, offering transparency and convenience. However, managing large or heavy packages presented a challenge. To tackle this issue, delivery providers introduced web and mobile applications for scheduling and managing such deliveries. These tools facilitated real-time tracking, electronic rescheduling, and notifications to customers via email, text, or voice calls in case of delays.
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Market Challenges
• Last Mile Delivery Market: Overcoming Challenges in E-commerce and Retail The Last Mile Delivery market is a critical component of the retail and e-commerce industries, connecting distribution centers to customers' doorsteps. Consumer expectations for real-time tracking, on-demand services, and fast delivery times put pressure on companies to optimize their logistics processes. Urban congestion, sustainability considerations, and the need for better delivery services add complexity to the equation. Technology insights, such as autonomous vehicles, drones, and mobile applications, offer potential solutions. However, challenges remain, including poor infrastructure, logistics costs, and the postal address system. E-commerce industry growth and the increasing popularity of on-demand services drive the need for efficient route optimization and skilled workers. Retailers, from brick-and-mortar to omnichannel, face competition from e-commerce and food delivery platforms. Company costs, including shipping and transportation, are a significant concern. Autonomous technology, such as delivery robots and Scout, and non-autonomous technology, like ground delivery vehicles, are key players in the market. Trade activities, including trading of goods and services, freight transportation companies, and supply chain activities, all contribute to the Last Mile Delivery landscape. The use of warehouses, transportation hubs, and fulfillment services is essential for efficient and cost-effective operations. The Internet and online shopping have transformed consumer behavior, leading to increased demand for product delivery services. Expected delivery times, shipping options, tracking options, and easy returns are all crucial factors for customer satisfaction. The integration of IT standards and logistics market trends, such as cloud kitchens and food delivery platforms, further impact the Last Mile Delivery landscape. Financial costs, transportation infrastructure, and inventories are essential considerations for companies navigating the Last Mile Delivery market. The use of technology, skilled workers, and effective logistics processes can help mitigate these challenges and provide better services to customers.
• Last mile delivery operations present unique challenges for businesses, as they aim to provide transparency, efficiency, and profitability. While long-distance transportation costs are lower due to economies of scale, last mile delivery involves individual deliveries to numerous locations, leading to increased labor and fuel expenses. In this competitive market, pricing and delivery time are key differentiators. Customers seek cost-effective solutions from reliable service providers. Managing last mile delivery costs while maintaining customer satisfaction is a crucial business objective.
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Segment Overview
This last mile delivery market report extensively covers market segmentation by
Service
Application
Geography
Technology
1.1 B2C- The last mile delivery market refers to the transportation of parcels and goods from transportation hubs to consumers' homes in the B2C sector. With in e-commerce sales, the significance of last mile delivery has grown substantially. In contrast to B2B last mile delivery, B2C deliveries involve smaller and individual deliveries, posing challenges for operators due to low margins and the need for delivering to unique locations. However, the market has experienced growth, driven by the expansion of B2C services and the introduction of new services like next-day and same-day deliveries, real-time tracking, and easy returns. Vendors are leveraging big data and consumer analytics to optimize delivery routes, reduce fuel wastage, and enhance the consumer experience. Companies like DHL use real-time traffic, road, and weather information, as well as historical purchase data, to streamline operations and improve efficiency. These factors contribute to the expansion of the B2C segment, fueling the growth of the global last mile delivery market.
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Research Analysis
Last Mile Delivery Market: Bridging the Gap between Retailers and Customers Last Mile Delivery (LMD) refers to the final leg of the supply chain, from the distribution center or transportation hub to the customer's doorstep. This critical stage of the logistics process is shaped by evolving consumer expectations, urban congestion, sustainability considerations, and technological advancements. Consumers demand real-time tracking, on-demand services, and seamless experiences. Retailers, from e-commerce giants to brick-and-mortar stores, are adapting by implementing technology insights, such as mobile applications, route optimization, and autonomous technology, to streamline the LMD process. Urban congestion poses challenges, leading to the exploration of alternative delivery methods like drones and autonomous vehicles. Sustainability considerations also influence the LMD landscape, with companies focusing on reducing carbon emissions and adopting green practices. Peer-to-peer marketplaces and cloud kitchens catering to food delivery platforms further expand the LMD market. The logistics process, from distribution centers to transportation hubs, warehouses, and delivery destinations, is undergoing significant transformation to meet the needs of tech-savvy, convenience-driven consumers. Company costs and shipping costs are crucial factors in the LMD market, with companies striving for efficient operations and competitive pricing to maintain a competitive edge. The LMD market continues to evolve, offering endless opportunities for innovation and growth.
Market Research Overview
The Last Mile Delivery market refers to the final leg of the supply chain, which involves transporting goods from a transportation hub or distribution center to the customer's doorstep or retail store. Consumers expect fast, reliable, and convenient delivery services, leading to the rise of on-demand services and real-time tracking. Urban congestion and sustainability considerations are major challenges, driving the adoption of autonomous vehicles, drones, and non-autonomous technology. The logistics process involves distribution centers, warehouses, and delivery vehicles, with companies striving for route optimization and efficient use of transportation hubs and warehousing space. E-commerce, peer-to-peer marketplaces, and food delivery platforms are major drivers of last mile delivery growth. Technology insights, such as mobile applications and cloud kitchens, enable better delivery services and customer experience. The e-commerce industry's growth and increasing consumer behavior towards online shopping in product delivery services. However, poor infrastructure, logistics costs, and company costs, including shipping and handling fees, remain challenges. The logistics market includes freight transportation companies, supply chain activities, and fulfillment services, requiring skilled workers, IT standardization, and system integration. The use of autonomous delivery, such as delivery robots and Scout, is expected to revolutionize last mile delivery, reducing transport costs and increasing efficiency. Trade activities, both domestic and overseas, require effective last mile delivery solutions, with expected delivery times, shipping options, and tracking options being crucial factors for customers.
Table of Contents:
1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation
Service
Application
Geography
Technology
7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com/
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Still, the S&P 500 (^GSPC) rose about 0.2% on Monday. Sure, perhaps part of this is the so-called TACO trade, a calling card for investors to stay invested because "Trump always chickens out" on his highest tariff threats. But Morgan Stanley chief investment officer Mike Wilson points out there's likely something more mathematical at play. The recent tariff announcements have said nothing about China, and as our Chart of the Day from Wilson shows, that's what matters to the widest array of industries. Wilson segmented various industries into different subsectors of exposure to tariffs. Seven categories, including technology and semiconductors, have "more material risk," meaning that import exposure in that group from China is more than 15% of the global total of imports. In other words, tariffs on China would hurt sectors like the tech sector more than tariffs on nearly any other country listed in Wilson's work. "The more material trade-elated risk for equity indices would be if tariff rates on China were to increase materially from here," Wilson wrote. "China is significant not only because of the number of industries with tariff cost exposure, but also because of the market cap weighting of those industries, in aggregate." Yahoo Finance's Brooke DiPalma reports: Read more here. Meta (META) stock gained 1% after CEO Mark Zuckerberg announced on Monday that the company plans to build several data centers in the US. "Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher," Zuckerberg wrote in a post on Threads. The news followed several high-profile AI hires at Meta as the tech company looks to spend billions to advance its AI efforts and break free of its dependence on third-party companies. Yahoo Finance's Daniel Howley reports: Read more here. Procter & Gamble (PG) stock slipped about 2% on Monday after Evercore ISI analysts downgraded shares to In Line from Outperform, citing retail channel shifts and macro uncertainty. The analysts noted that P&G's sales growth could become capped as more consumers purchase household and personal care (HPC) items online with Amazon (AMZN) instead of at retailers like Walmart (WMT) and Costco (COST). "Our concern ... increasingly lies in adverse shifts in retail channels that challenge Procter's growth potential," the analysts wrote. "In the U.S., Amazon now accounts for 50% of all HPC growth, which creates a 2-point growth gap or one point globally relative to Procter's core retailers, mainly Walmart and Costco, where the firm remains competitively advantaged given scale and product superiority. A parallel shift to pure online in China compounds macro pressures and could delay a turnaround, in our view." Procter & Gamble's market share at Amazon is about one-third its share at Costco and Walmart, the analysts noted. They cut their price target on P&G stock to $170 from $190. Yahoo Finance's Jennifer Schonberger reports: Read more here. US stocks were little changed after President Trump floated secondary tariffs of up to 100% on Russia if the country does not make progress toward ending its war with Ukraine in 50 days. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) were roughly flat Monday afternoon, while the tech-heavy Nasdaq Composite (^IXIC) added about 0.2%. Per the FT: The tariffs Trump threatened would theoretically apply to the imports of countries that trade with Russia. Direct US trade with Russia has plummeted amid the war, but Russia still trades with many countries in Europe and Asia — most notably China. Yahoo Finance's Pras Subramanian reports: Read more here. Another Wall Street firm no longer sees the S&P 500 declining to finish the year. In a note to clients on Sunday, RBC Capital Markets boosted its year-end S&P 500 target to 6,250 from a prior target of 5,730. As RBC Capital Markets' Lori Calvasina noted, the adjustment comes amid the market's more than 25% bounce back from the April lows and essentially moves their target back to where it sat in mid-March before the bulk of the tariff turmoil began. "We feel neutral on the outlook for stocks in the 2nd half of 2025, and are mindful that our new price target is essentially in line with recent levels," Calvasina wrote. "We expect choppy conditions in the back half of the year, and swings in both directions." Calvasina noted that it's likely still "too early to stop worrying about tariff impacts" on corporate earnings and also highlighted a slowdown in recent momentum as reasons she remains cautious that the next major move for the benchmark index is higher. While Calvasina is at least the ninth strategist tracked by Yahoo Finance to recently raise their S&P 500 target from their April downward revision, she's also part of a growing list of those who aren't pounding the table for the rally to continue. Yardeni Research president Ed Yardeni, who maintains a 6,500 year-end target for the S&P 500, wrote in a note to clients on Sunday that the recent V-shape recovery in stocks could soon look more like a "square-root shaped pattern" where the rapid rise higher stalls out. Apple (AAPL) stock fell 1.2% in early trading on Monday as the iPhone maker faces pressure to shake up its artificial intelligence efforts and potentially acquire an established AI startup, such as Perplexity AI ( Bloomberg reports: Read more here. US stocks pulled back slightly on Monday as Wall Street braced for a turbulent week, with renewed trade tensions injecting uncertainty ahead of a key inflation report and the first wave of second-quarter earnings. The S&P 500 (^GSPC) was off about 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) was roughly flat. The Dow Jones Industrial Average (^DJI) fell about 0.2%. Crypto stocks added to this year's gains on Monday as bitcoin (BTC-USD) surpassed $120,000 for the first time. The rally in crypto highlighted optimism in the sector as House lawmakers kicked off "Crypto Week," which is expected to result in new crypto-friendly stablecoin legislation. Coinbase (COIN), the largest crypto exchange, rose 1.6%, while Robinhood (HOOD) gained nearly 3%. Stablecoin issuer Circle (CRCL) added 0.5%. Strategy (MSTR) was up 2.8%. The Michael Saylor-led firm is one of the largest corporate holders of bitcoin through its bitcoin treasury. Bitcoin was trading just below $121,000 as of 9 a.m. ET. Here's a look at stocks moving ahead of the opening bell: Nio (NIO): US-listed shares of Nio jumped 5% in premarket trading after the Chinese EV maker unveiled its line of ONVO L90 SUVs, which will be launched at the end of July. Early pre-sales boosted optimism about the competitiveness of the seven-seater vehicle. Nebius Group (NBIS): Nebius stock soared more than 7% after Goldman Sachs initiated coverage with a Buy rating, citing the company's role in providing AI infrastructure. Tesla (TSLA): Tesla stock rose 1.3% ahead of a shareholder vote to determine whether to invest in CEO Elon Musk's xAI startup. Musk announced the vote after SpaceX reportedly agreed to invest $2 billion in xAI. Lionsgate (LION): Lionsgate shares surged 11% premarket on reports that Legendary Entertainment was considering taking over the film studio. Check out more trending tickers here. Wall Street's giant lenders are getting set to report their second quarter results this week, kicking off earnings season in earnest. What a difference a quarter makes for the mood surrounding the US's largest banks, Yahoo Finance's David Hollerith reports: Read more here. Kenvue (KVUE) stock rose 4% in premarket trading after the company said CEO and board member Thibaut Mongon stepped down as part of a strategic review. The Tylenol maker, which spun off from Johnson & Johnson (JNJ) in 2023, named company director Kirk Perry as interim chief executive, per Reuters. "The Board's strategic review is underway, and we are considering a broad range of potential alternatives, including ways to simplify the company's portfolio and how it operates," board chair Larry Merlo said. Read more here. Stocks are on the back foot before the bell, but are still trading near record highs heading into a busy week of economic data and quarterly earnings reports. Yahoo Finance's Myles Udland lays out the highlights in what's coming this week: Read more here. Yahoo Finance UK's Lucy Harley-McKeown reports: The FTSE 100 (^FTSE) ticked higher and European stocks dropped on Monday morning, as traders digest the latest round of tariff threats by US President Donald Trump. The US and UK have already struck a partial trade deal, meaning tariff threats have less impact on the FTSE. Read more here. Reuters reports: Read more here. Bloomberg reports: Read more here. Gold (GC=F) rises with tariff threats from Trump driving investors toward the safe-haven commodity. Bloomberg reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
