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. For instance, major players in the e-commerce industry such as Amazon and Alibaba have invested billions of dollars in their respective supply chains, aimed at promising faster deliveries. The cost of providing last mile services accounted for 41% of the overall supply chain costs, which is double any other category including warehousing and parceling, according to the report. Adding to that, the Bureau of Transportation Statistics said last mile goods and services purchased by businesses and government in 2018 made up $1.48 billion, or 8.9%, of the U.S. GDP. 9 Statistics That Stress The Importance of Last-Mile Delivery There's no doubt that the pandemic disrupted businesses and the way we deliver packages, but it's hard to see how significant last-mile rocked eCommerce without looking at the numbers. or the day-to-day of your business? As a result, logistics providers . In this article, we will talk about the last mile delivery challenges and opportunities. Cloud technology and IoT follow with 39%. Geographically, the last mile delivery market is segmented into North America, APAC, Europe, Middle-East and Africa, and South America regions. The number of delivery vehicles in the top 100 cities around the world will increase by 36% by 2030. In 2019, Indonesia took the biggest market share, 32.60%, Thailand followed with 17.26%. Upper Route Planner can automatically optimize routes, considering service time, time windows, real-time traffic, and avoiding ferries, tolls, and highways. This section provides the opinions of various top-level CXOs in the global autonomous last mile delivery market. What is last-mile delivery, and why is it important? 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. Adobe Analytics also predicted that 2020 online sales would surpass the total online sales in 2019 by October 5, 2020. Last Mile Delivery Market Report Highlights: Some of the key questions answered in this report: Inquire or Share Your Questions If Any Before the Purchasing This Report - https://www.marketresearchguru.com/enquiry/pre-order-enquiry/20970866. Out of those surveyed 46% ranked reliability among the top attributes influencing their likelihood of remaining loyal to a brand. Due to COVID-19 pandemic, the overall sales of e-commerce business in the U.S. have increased by over 30%. Factors such as access to multiple products, availability of a wide range of options for a single product, expected delivery time, and a variety of shipping options including tracking options and easy returns drive growth of the e-commerce industry. We are happy to help. An exponential development of the market was assumed. 72% of Amazon deliveries are fulfilled within 24 hours for all of their customers. Mar 15, 2023 (The Expresswire) -- The forecast and analysis of Last Mile Delivery market by type, application, and region are also presented in this chapter. $879K List Price in 132 San Marco Dr. Price. 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. The market study provides a detailed analysis of the global and regional market, including an in-depth evaluation of growth prospects. Recently we wrote how to uninstall Last Mile Delivery Software for newbie users. Hence, to meet the demand, it has collaborated with different companies to introduce autonomous vehicles for package delivery. What challenges do you face with your cross-border e-commerce (other than cost)? #93 And 58% of shoppers want a noquestions asked return policy, while 47% expect to see a return label on their purchase. At 21.1%, visibility is the biggest challenge faced by delivery and supply chain professionals. The underwriters brokerage house had a $30 price target. The Last Mile Delivery industry trends and marketing channels are analyzed. "Size of The Global Last Mile Delivery Market from 2020 to 2027 (in Billion U.S. 9.4 Domestic and International Road Freight Transport Statistics . the global last mile delivery market with a detailed impact analysis. I know you want to use Last Mile Delivery Software, thus we made this list of best Last Mile Delivery Software. As of May 2021, DoorDash prevailed in San Jose , Houston , Philadelphia , and San Antonio. Add to that the fact that the ongoing COVID 19 pandemic has created a new housebound economy, and its likely that eCommerce will remain dominant for years to come. [1] Selfdriving Taxi Market The selfdriving taxi market has the potential to grow by 56162.96 units during 2021 2025, and the markets growth momentum will accelerate at a CAGR of 58.53%. The main reason for this was to meet consumer demand for increased delivery speed (70%). 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. The cost and inefficiencies of last mile delivery market has further been affected by continuous rise in the e-commerce in U.S. September 02, 2021 10:01 ET | Source: AllTheResearch Logo According to the insights of the CXOs of leading companies, the current market trend & advancement in e-commerce industry to a much higher level and the use of better & more efficient product delivery service has increased across the globe. (January 26, 2022). Please create an employee account to be able to mark statistics as favorites. 2023 Allied Market Research. A drastic increase in online sales lead to a major improvement in the service of logistics providers, hence driving costs along. Because good market research can help you make wise decisions and figure out which trends have the chance of lasting for a longer duration and make you profits. Demand for better and efficient delivery services for products has increased with the advent in online shopping along with inclination of customers toward buying products through an online source. As a Premium user you get access to the detailed source references and background information about this statistic. 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. The report covers the latest technological advancements, SWOT and PESTLE analysis, and insightful analysis related to market size, share, growth factors, and key players profiling. 61% of consumers dont expect to spend more on grocery delivery due to the outbreak of COVID. 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. 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. The global last mile delivery market was valued at $131.5 billion in 2021, and is projected to reach $288.9 billion by 2031, growing at a CAGR of 8.13% from 2022 to 2031. Furthermore, the last mile delivery service has gained prominence in the U.S., Canada, and China, owing to increase in inclination toward online shopping. A rise of 643% than the current market value. followed by balancing delivery costs with consumer expectations (49%) and offering innovative delivery solutions to remain competitive (35%). Are you interested in testing our business solutions? Due to varying update cycles, statistics can display more up-to-date Hot Shot Final Mile is one of the select few. Infrastructure directly influences transport costs and indirectly affects the level of inventories and consequently financial costs. 73% of People are Shopping Online More Than Than They Did Last Year #66 86% of customers believe retailers should offer them the ability to choose the most convenient delivery option when ordering their goods. Dispatch. Also, the adoption of autonomous delivery solutions such as drones & unmanned ground vehicles is growing at a faster pace and will lead to a rapid growth in the last mile delivery service in the near future. Show publisher information Dynamic market conditions and global economy movement are the key factors driving globalization. Global key players profiled in the last mile delivery market report include A1 Express Services Inc., Amazon.com, Aramex, BEST Inc., DB Schenker, Deutsche Post AG (DHL GROUP), DPD, Drone Delivery Canada, Dropoff, Inc., DSV (DSV PANALPINA), FedEx, Flirtey, Flytrex, Geodis, Jet Delivery, Inc., Kerry Logistics Network Limited, Marble Robot, Matternet, Power Link Expedite, Savioke, SF Express, United Parcel Service, Inc. (UPS), USA Couriers, XPO Logistics, Inc. and YTO Express Group Co. #2 704.7 million people will use platform-to-consumer delivery in 2020. #5 Standard delivery takes approximately 3-5 business days to be completed. Sign Up with Upper Route Planner and automate your daily business process route planning, scheduling, and optimizing! Market Statistics. As a result, emissions from delivery traffic will rise by 32% and from traffic congestion by 21%. Save my name, email, and website in this browser for the next time I comment. According to the UN, world population is projected to reach 9.8 billion in 2050, and 11.2 billion in 2100. . Following Chapter Covered in the Last Mile Delivery Market Research: Chapter 1 provides an overview of Last Mile Delivery market, containing global revenue and CAGR. For these and other reasons, final mile logistics accounts for 53% of the total cost of shipping 41% of total supply chain costs. Delivery is typically to a. Its one of the reasons Amazon.com has been able to generate $280.5 billion Amazon shares fell from 42% before the COVID 19 outbreak to 34% in April 2020. Global Last Mile Delivery market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Major Key Players Covered in the Global Last Mile Delivery Market Are: What is the Scope of Last Mile Delivery Market? The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered. Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2017 -2029) of the following regions: To Understand How Covid-19 Impact Is Covered in This Report - https://marketresearchguru.com/enquiry/request-covid19/20970866. Chapter 7 pays attention to the sales, revenue, price and gross margin of Last Mile Delivery in markets of different regions. Fifty-nine percent of retailers worldwide claim to use postal services for last -mile delivery, 40% use CEP services, 34% use their own fleet and 9% use gig-fleets. The companies are also launching robot delivery services to more cities as demand for contactless last mile delivery has risen post-COVID-19 outbreak. 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