We tried our best to provide all the Last Mile Delivery statistics on this page. Trade activities within cities & nearby countries are anticipated to support growth of the last mile delivery market in the coming years. North America is anticipated to be the highest revenue contributor, accounting for USD 4.83 billion by 2021, and is estimated to reach USD 39.94 Billion by 2030, with a CAGR of 26.6%. In 2017, the online retail sales in the United States reached USD 453.5 billion registering a growth of 16% from USD 390 billion in 2016. The global last mile delivery market is projected to reach $55.2 billion by 2025, with a compound annual growth rate (CAGR) of 16.7%. Turnover2 2642 006+13% Net operating expenses Payroll co. Underscoring just how big of a financial impact last mile revenues have on the overall economy, the Bureau of Economic Analysis reported the last leg of overall transportation costs make up 28% of overall logistics expenses. Interestingly, the rapid change in statistics was so drastic that this shattered the whole market despite the growth. But when the 28% BEA figure is applied to the latter number, the market for final mile is a whopping $417 billion, according to a recent report by the BEA. The Washington Post reported that, in the U.S., packages typically account for 5% of postal service delivery volume; during the COVID 19 pandemic, parcel delivery volume surged 70%4. It is segmented based on: Final mile delivery market has been growing rapidly. As soon as customer expectations changed, the delivery trends upgraded accordingly. The introduction of different techniques such as aerial delivery drones, ground delivery bots, and self-driving trucks and vans through which products and services can be delivered to the customers boost the growth of the last mile delivery market. Therefore, owing to poor transport infrastructure, firms need to have high levels of inventories to account for contingencies, which can result in higher overall logistics cost. In the township the population was spread out, with 25.9% under the age of 18, 7.0% from 18 to 24, 30.0% from 25 to 44, 24.6% from 45 to 64, and 12.4% who were 65 years of age or older. For instance, in November 2019, DPD France, a subsidiary of DPD Group expanded its business in the form of drone-based parcel delivery on a second regular commercial line in Isre (South-East of France). #61 90% of people in the US cite customer service as a major driving force when making a decision. 37% of companies have started the process of building an agile delivery #78 Key initiatives in operational optimization like delivery management platforms can reduce costs up to 20% #79. Combined, Uber Eats and Postmates led the market in Los Angeles and New York City as of May 2021. The global last mile delivery market size was valued at USD 40.5 Billion in 2021 and is anticipated to generate USD 123.7 Billion in 2030. The business-to-consumer track has constantly been upgrading. According to a report by Accenture, eCommerce sales are expected to reach $4.48 trillion by the end of 2021. Omnichannel Logistics: Definition, Importance & How to Make Most of it, How to Start a Laundry Pickup and Delivery Service Business? The underwriters brokerage house had a $30 price target. #60 Innovative solutions, such as databased connectivity, dynamic scheduling, route optimization , and load pooling, could reduce CO2 emissions by 30%, congestion by 30%, and delivery cost by 25%. General Delivery Statistics #1 15.05 billion deliveries are completed worldwide in 2020. Such collaborations and developments carried out by several other players is anticipated to provide lucrative growth opportunities for the market during the COVID-19 pandemic situation globally. . If you are an admin, please authenticate by logging in again. COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. The survey also found that 93% of consumers want to stay informed throughout the delivery process, and 47% will not order again from a brand with poor delivery visibility. Out of this change in trend, addressing consumer demands has become the priority of delivery companies. The 2021 EY Future Consumer Index found that only 1 in 5 (or 21%) of U.S. consumers say they are forgiving retailers and brands for delivery disruptions due to COVID-197; in other words, the pandemic is no longer an excuse for last mile delivery-related issues. In 2018, the last-mile delivery market was sized at 31.25 billion U.S. dollars. According to GroupM, global retail eCommerce sales will rise to $7 trillion by 2024 (comprising 25% of all retail sales). Courier, Express and Parcel (CEP) market in the United States, Get the best reports to understand your industry. Study Period. In 2018, overall revenue for the last mile delivery market in North America was $31.25 billion, and it is expected to grow to about $51 billion by 2023, according to market researcher Statistica in a report issued early this year. Is the last-mile delivery business profitable? Out of those surveyed 46% ranked reliability among the top attributes influencing their likelihood of remaining loyal to a brand. Sign Up with Upper Route Planner and automate your daily business process route planning, scheduling, and optimizing! #5 Standard delivery takes approximately 3-5 business days to be completed. Various activities related to trade have been witnessed to increase, owing to rise in globalization from last several years. Major Key Players Covered in the Global Last Mile Delivery Market Are: What is the Scope of Last Mile Delivery Market? The growth rate went from 4.3 percent in 2014 to 15.3 percent in 2022. Delivery disruptions are a part of life, and 100% ontime performance might not be feasible, but consistent on time performance is a huge part of delivery success. https://www.marketresearchguru.com/enquiry/request-sample/20970866, https://marketresearchguru.com/enquiry/request-covid19/20970866, https://www.marketresearchguru.com/enquiry/pre-order-enquiry/20970866, https://marketresearchguru.com/purchase/20970866, https://marketresearchguru.com/TOC/20970866#TOC, Last Mile Delivery Market Growth Revenue, Trends 2023-2029, High-interest investments for retirees to grab now, Florida braces for 5,000-mile-wide stinky seaweed blob and a toxic algae bloom. The Last Mile Delivery industry trends and marketing channels are analyzed. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Looking to help delivery businesses eliminate on-field delivery challenges, Rakesh started Upper Route Planner with the ultimate goal of simplistic operations in mind. The overall last mile delivery market opportunity is determined by understanding profitable trends to gain a stronger foothold. Payment Calculator. Only the businesses that managed to upgrade according to the changing trends survived. A rise of 643% than the current market value. Last mile delivery, also known as last mile logistics, is the last leg of a journey comprising movement of goods from a transportation hub or warehouse to the final delivery destination. Furthermore, innovations & investments by top market players boost growth of the last mile delivery industry. Last Mile Delivery A recently published report by Facts and Factors estimates that market size and share for the delivery robots market is expected to reach 55 Billion USD by 2026, up from 17.13 Billion USD in 2020, a 20.4% growth. In the current scenario, the regional governments have played a vital role in driving the last mile delivery market by considering last mile delivery system to be the efficient means to deliver products in distant areas. 73% say the pandemic accelerated their companys technology. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Parcel traffic worldwide by sector 2015-2020, Costs of parcel delivery in developed and dense cities - by type and method 2017, Parcel delivery time in developed and dense cities - by time of the day 2017, E-commerce as share of total retail sales worldwide 2015-2026, Global last-mile startup funding by region 2020, Startup funding in last mile solutions worldwide in 2020, by region (in billion U.S. dollars), Number of parcels distributed worldwide from 2015 to 2020, by sector (in million units), Year-on-year change - parcels and express volume worldwide 2012-2020, Year-on-year percentage change in global parcels and express volume from 2012 to 2020, Average cost per failed delivery in 2020, by country, Fulfillment preference location when delivering online orders worldwide 2018, Preference of fulfillment location in last mile delivery worldwide in 2018, by delivery type, Share of supply chain costs by type worldwide 2018, Share of total supply costs worldwide in 2018, by type of cost, Retail e-commerce sales worldwide from 2014 to 2026 (in billion U.S. dollars), E-commerce as percentage of total retail sales worldwide from 2015 to 2026, Retail e-commerce revenue in the U.S. 2017-2027, Retail e-commerce revenue in the United States from 2017 to 2027 (in billion U.S. dollars), Global cross-border e-commerce market share 2016-2022, Cross-border e-commerce as share of total e-commerce worldwide in 2016 and 2022, Challenges for logistics providers in U.S. last mile delivery 2020, Biggest challenges for logistics providers in last mile delivery in the United States in 2020, Top challenges with cross-border e-commerce in the supply chain industry 2020. 4:17 PM PST February 27, 2023. Last mile delivery accounts for more than 50% of the total shipping cost. For these and other reasons, final mile logistics accounts for 53% of the total cost of shipping 41% of total supply chain costs. Top companies operating in the industry are A1 Express Services Inc., Amazon.com, Aramex, BEST Inc., DB Schenker, Deutsche Post AG (DHL GROUP), DPD, Drone Delivery Canada and others. 2021 2025 USD 146.96 billion Market structure Fragmented YoY growth (%). For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Market Statistics. Upper Route Planner can automatically optimize routes, considering service time, time windows, real-time traffic, and avoiding ferries, tolls, and highways. In addition, development of the overseas market is a significant factor that fuels growth of the industry. Table 1: Statistics for walking distance between . . In 2019, Indonesia took the biggest market share, 32.60%, Thailand followed with 17.26%. An exponential development of the market was assumed. I have to admit Ukraine managed to build scalable last-mile dron delivery before Amazon or Walmart. The ideal entry-level account for individual users. #3 The average cost of delivery is $6.4 per cubic meter. [1] The challenges to implementing last-mile delivery are: Last-mile delivery can be improved by checking the delivery route and delivery drivers. Last-mile delivery is inefficient because the challenges like the inefficiency of route planning, lack of real-time visibility, and inability to deliver same-day delivery make it an expensive step. In terms of biggest challenges for logistics providers in last mile delivery in the United States, delivery costs are topping the list. What can we do. 60% of millennials shop online because they believe it leaves a smaller environmental footprint. Last-mile delivery is an approach that deals with the last phase of delivery, where a product reaches your doorstep from the distribution centre. After a poor last-mile delivery experience, 84% of customers are less inclined to make another purchase from a business, and 98.1% of customers believe that delivery is crucial for maintaining brand loyalty. Hence, to meet the demand, it has collaborated with different companies to introduce autonomous vehicles for package delivery. I have been an independent contractor in the final mile delivery industry since 2008 and have spent years working with a multitude of companies, from . Further, adoption autonomous delivery to reinforce demand, cost cutting, and lead time reduction, owing to adoption of multi-modal system and growth in e-commerce industry, coupled with rise in B2C deliveries are expected to create numerous opportunities for growth and expansion of the last mile delivery market. With Upper Route Planner, companies can focus on the core business operations and cut down on manual planning and scheduling hours while the algorithm takes care of the rest. The forecast and analysis of Last Mile Delivery market by type, application, and region are also presented in this chapter. Chapter 5 provides clear insights into market dynamics, the influence of COVID-19 in Last Mile Delivery industry, consumer behavior analysis. A 2017 survey conducted in North America and Europe concludes that about 73% of the e-commerce logistics focus on having better communication with their last-mile customers to improve their experience. 81% of professionals say that their companies will mostly or completely compete in the future with others based on their customer experience. #4 The average time per delivery is 12 minutes. According to the U.S. Department of Commerce, consumers spent a total of $601.75 billion online with U.S. merchants in 2019, up 14.9% from $523.64 billion in 2018. Statistics say that as much as . Technological advancements in autonomous vehicles play a vital role in adoption of autonomous last-mile delivery services in the e-commerce industry. Last-mile delivery costs management has been a flaming topic for all last-mile logistics. The figures are expected to grow, and so are the challenges. For instance, Amazon launched its delivery robot called Scout, which is of the size of a small cooler and can roll along sidewalks and deliver packages at the doorstep of customers. Book your free consultation and let our research experts help you with your needs/problems. [5] It fell below $1. With an average 60,000 UPS van drivers on the U.S. road each day, making 120 deliveries each, according to Browne, small tweaks can make a big difference in fuel efficiency and miles driven. The market statistics show that it was 108.1 billion US dollars in 2020. . The global last-mile delivery market is vast. On the other hand, the e-commerce industry has left no tables turned to ensure customer satisfaction. The house at 132 San Marco Dr Islamorada, FL 33036 was built in 2004 and was last sold on 09/17/2020. Chapter 8 gives a worldwide view of Last Mile Delivery market. We also wrote about how to learn Last Mile Delivery Software and how to install Last Mile Delivery Software. This product contains raw data and does not . As soon as this statistic is updated, you will immediately be notified via e-mail. According to a recent study from Technavio, the last mile delivery market in North America will grow 16% annually between 2021 and 2025. Market Statistics. $4,029/Mo, 30Yr Fixed, 6% Interest, 25% Down . Last-mile delivery refers to delivering products from the nearest distribution hub to the required address, avoiding any time delay. Why last-mile is so important (and why it's been so inefficient) One of the greatest potential areas to cut down on costs is called the last mile AKA the last phase of shipment where a parcel is transported from the fulfillment right to the end customer. Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, LAMEA and North America. Get a sample PDF of the report at - https://www.marketresearchguru.com/enquiry/request-sample/20970866. Get weekly updates from Upper Route Planner. A strategic way to provide the drivers with an efficient add-on through optimization software can help in enhancing the process. Like we alluded to above, it costs a lot less to retain a customer than to go out and find a new one. The median age was 38 years. Hence the last-mile delivery industry showed this drastic change, and now they are adding upgrades to ensure they stay ahead of time to meet consumer demands more efficiently. For the time being, consumers preferred notification types are split between three key notification types, according to package tracking software company Route17. Industrial chain analysis, raw material (suppliers, price, supply and demand, market concentration rate) and downstream buyers are analyzed in this chapter. Upper Route Planner is powerful route planning software. #42 And even 34% of consumers usually pay up to $50 per delivery when ordering food online. Advancements in autonomous vehicles play a vital role in adoption of autonomous last-mile delivery market been! Delivery takes approximately 3-5 business days to be completed in 2020. went from 4.3 in! With the ultimate goal of simplistic operations in mind shattered the whole market the. Food online their customer experience: Definition, Importance & How to Make Most of,. Billion deliveries are completed worldwide in 2020 analysis of Last Mile delivery market was sized at 31.25 billion dollars... 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Tried our best to provide all the Last Mile delivery market has a... Are an admin, please authenticate by logging in again via e-mail gives a worldwide view of Mile. $ 50 per delivery when ordering food online authenticate by logging in again and... Their customer experience New York City as of May 2021 completed worldwide in 2020 or completely in. Nearby countries are anticipated to support growth of the total shipping cost in the! % than the current market value this shattered the whole market despite growth... The challenges in 2022 sales are expected to reach $ 4.48 trillion the... Up with Upper Route Planner and automate your daily business process Route planning, scheduling, and are. From 4.3 percent in 2022 you with your needs/problems opportunity is determined understanding! Report by Accenture, eCommerce sales are expected to reach $ 4.48 by! 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