Last-mile Delivery Market: Size To Expand Significantly By The End Of 2018 - 2026

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 The delivering process of a consignment, object, or goods into box or envelope from the transportation hub to a final delivering destination is called last-mile delivery. Increase in penetration of internet and expansion of the e-commerce industry has propelled the demand of the last-mile delivery market. The global last-mile delivery market is expected to expand during the forecast period, as the penetration of the internet and preferences of customers for shopping are changing. This, in turn, is anticipated to drive consumer spending on online shopping, which is expected to be ultimately delivered to the customer via a parcel. However, this is projected to require a transportation hub that houses the parcel and delivery person for delivering it to the end-customer.

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Expansion of transportation and automotive industries has propelled the last-mile delivery market, as it has made last-mile delivery easy, safe, and convenient. Moreover, rise in globalization is also anticipate to boost the last-mile delivery market. Adoption of new technologies, logistic methods, and innovative vehicles is likely to drive the last-mile delivery market. Consistent demand for local delivery, groceries, food commodities, agricultural goods, and small delivery is expected to offer significant opportunities to key players in the last-mile delivery market.

Transportation of goods and services to a small region or territory is a major driver of the last-mile delivery market. Increase in demand for parcel in e-commerce, mails (postal), online food, etc., is driving the last-mile delivery market. Major restraints of the last-mile delivery market include transportation strikes and prices of fuel.

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The global last-mile delivery market can be segmented based on customer, end-user, vehicle type, service, and region. Based on customer, the last-mile delivery can be segregated into B2C and B2B. The B2C segment holds a major share of the market. Based on end-user, the last-mile delivery market can be bifurcated into retail, groceries, food, mails, and packages. In last-mile delivery, road transportation is widely preferred for the transportation of packages from transportation hub to the end-user destination, as this way of transportation is safe, secure, and efficient. Based on vehicle type, the last-mile delivery market can be differentiated into motorcycles, drone, LCV and HCV. LCV and HCV is further sub-segmented into pick-ups, vans, and trucks & Lorries. Motorbikes are preferred for the last-mile delivery of small packages, as they are easy and convenient to use and are cost-effective.

Key players operating in the global last-mile delivery market include Deppon Logistics Co. Ltd, STO Express Co.Ltd, Cainiao Logistics, China Post Express Logistics Co. Ltd/Express Mail Service (EMS), United Parcel Service of America, Inc., DHL International GmbH, FedEx Corporation, Schneider National Inc., XPO Logistics Inc., Ekart Logistics and Amazon.com, Inc.

Read More Press Release by TMR: https://www.prnewswire.com/news-releases/prospering-automotive-industry-to-paint-strokes-of-growth-across-automotive-head-up-display-hud-market-during-assessment-period-of-2020-2030-tmr-301183538.html

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