Blog_Last_Mile_Delivery_Transportation_Market


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Uploaded on Jul 8, 2022

Category Business

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

Category Business

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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