The report of Global first and last mile delivery market by vehicle Type (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), Application (Chemical, Pharmaceutical and Healthcare, FMCG, Hi-tech Product Industry, Food and Beverage, Others), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of 27.5% during a forecast period.
As online shopping has exploded in popularity over the past decade or so, online retailers and logistics companies have been forced to find new ways to meet the changing needs of their customers. Order fulfillment has always been the backbone of any retail business but what customers really want these days is fast delivery. The challenge for e-commerce companies is to expedite delivery for their customers while also keeping their own costs down.
Light duty vehicle segment is expected to grow at the highest XX% CAGR during the forecast period.
In terms of vehicle type, the global first and last mile delivery market has been bifurcated into light duty vehicle, medium duty vehicle, and heavy duty vehicle. In terms of revenue, the light duty vehicle segment accounted for a major share of the market in 2018. Moreover, retail price, acceleration, fuel economy, interior volume, and ease of operation of light duty vehicles in urban areas prompts most logistic companies to prefer light duty vehicles. Road logistics and transportation activities are increasing across the globe. However, road transport contributes to significant share of carbon emission globally. Stringent emission norms and development of electric vehicles by OEMs are likely to boost the light duty vehicle segment during the forecast period.
The china is projected to witness the fastest growth during the forecast period.
China has been the world’s largest e-commerce market since 2013. The online retail sales demonstrated a rapid increase in China during 2010, projecting huge growth in a short period. It is anticipated that China’s e-commerce market will be larger than the combined existing e-commerce market in the US, Britain, Japan, Germany, and France by 2020. Furthermore, expansion of the e-commerce industry in India and increased government spending on development of infrastructure are anticipated to propel the First and Last Mile Delivery Market in the country during the forecast period
Key players operating the Global first and last mile delivery market are UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx , Kuehne + Nagel , SF Express , XPO Logistics , DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics,J.B. Hunt (JBI, DCS & ICS), Agility,China POST,Hitachi Transport System, DSV, YTO Express, Panalpina, Toll Holdings, Expeditors International of Washington, GEFCO, ZTO Express, STO Express, Dachser, C.H. Robinson Worldwide, Sinotrans,Yusen Logistics
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global first and last mile delivery market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global first and last mile delivery market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global first and last mile delivery market positioning of competitors.
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