Uploaded on Jul 8, 2022
According to the top trends in last mile delivery logistics dictate that the industry will foresee growth and expansion on the backs of various factors
Blog_Last_Mile_Delivery_Transportation_Market
Title: Rising Usage of eCommerce Platforms Fuels Demand in Last Mile Delivery
Transportation Market
According to the top trends in last mile delivery logistics dictate that the industry will foresee
growth and expansion on the backs of various factors, such as increasing instances of
industrialization as well as urbanization across the world, rising middle class population of the
world, and the favorable economic expansions in both developed as well as developing nations
across the globe. Furthermore, some of the key last mile delivery challenges and solutions 2022
that were observed to be prominent include the increasing utilization of heavier and slower modes
of logistic transport, such as freight carriers, owing to increased volume and demand.
The growth within the last mile delivery transportation market is also driven by the emergence and
fast paced adoption of electric vehicles. These new age electric vehicles offer a cost effective and
environmentally sustainable way to transport heavy cargos. Compared to traditional freight
carriers, trucks, and large cargo carriers, these new electric commercial vehicles prove to be more
economically viable for the logistics companies. This trend is supplementing the growth of the last
mile delivery transportation market.
Additionally, the rising penetration of smartphones, internet services, and eCommerce platforms
is also supplementing the development of the last mile delivery transportation market. Increasing
demand for eCommerce services and solutions is one of the strongest drivers for the last mile
delivery transportation market. Some of the major end users for the products and solutions in the
last mile delivery transportation market include FMCG products delivery, postal delivery,
electronic products delivery food delivery industry, health products delivery, and automotive
products delivery, among others.
Asia Pacific Dominates the Last Mile Delivery Transportation Market
Regionally, the last mile delivery transportation market can be categorized into Europe, the Middle
East and Africa, South America, North America, and Asia Pacific. Among these, the largest share
within the last mile delivery transportation market was held by the regional industry of Asia Pacific
in the recent past. The North America region is also expected to showcase significant growth
within the last delivery transportation market in the near future.
Some of the most prominent drivers for the growth and substantial revenue generation within the
Asia Pacific last mile delivery transportation market include the rising regional population, the
resultant increase in the demand for effective, timely, and cost-efficient transportation of consumer
goods, and rising proliferation of eCommerce platforms in the region. Fast paced expansion of the
eCommerce portals, websites, and platforms in the region is also creating substantial cash grab
opportunities in the Asia Pacific last mile delivery transportation market.
Players in Last Mile Delivery Transportation Market Focused on M & A and Portfolio
Expansion
Some of the most prominent last mile delivery companies are CEVA Logistics, Concargo Private
Limited, DHL Global Forwarding, Interlogix Pty. Ltd., Kerry Logistics Network Ltd., KUEHNE
+ NAGEL, Procet Freight, Tiong Nam Logistics Holdings, Transtech Logistics, United Parcel
Service, Inc., R + L Carriers, Cargo Carriers Ltd., C J Logsitics Corporation, DB Schenker, FedEx
Corporation, J & J Global Limited, Kintetsu World Express, Nippon Express, Swift Transport,
TNT Express, Tuma Transport, Yamato Transport CO., Ltd., and Amazon, among others.
The best last mile delivery companies for eCommerce in 2022, such as FedEx, Amazon, DHL are
focused on growth and expansion strategies, such as mergers and acquisitions, strategic
partnerships, and geographical expansion. The leading players in the last mile delivery
transportation market are also engaged in expanding their customer reach through strategic
collaborations with regional players. Furthermore, increasing usage of new technologies and
development of new routes and solutions is also aiding in the optimization of various deliverables
and services.
For example, development of new and next generation, technology enabled last mile delivery
solutions was announced by the FedEx Corporation in February 2019. These new solutions will
help the end users in catering to the increasingly shifting consumer trends and needs. Among these
solutions was the FedEx Same Day Bot, a new and highly sophisticated autonomous delivery
solution.
Reference link: https://www.transparencymarketresearch.com/last-mile-delivery-
transportation-market.html
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