First mile means the transfer of various products from a vendor to a courier service or to anyone who is wanted to move goods to their final users. The last mile refers to the final transfer of products to their final proposed customers. First mile delivery can simply be known as the last mile delivery for a manufacturer. The report provides analysis of global first and last mile delivery market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global first and last mile delivery market is expected to grow at significant CAGR around 14% throughout the forecast period and reach around US$ 1 billion by 2026.
Rising number of last mile and first mile delivery companies and start-ups, rapid growth in the logistics industry, changing standards of living, expansion of transport facilities, growing penetration of smartphones, increased disposable income, increasing demand for automation and advancements in technology are some of the primary factors that are propelling the first and last mile delivery market growth across the globe. As first and last mile delivery service has large number of applications in the logistic industry, rising number of last mile and first mile delivery companies and start-ups are providing various intense opportunities for the logistics industry. Augment in population is increasing the consumption and supply of food and other goods across the globe. A number of customers are keen to pay extra charge for quick delivery, resulting in the high demand for first and last mile delivery and is anticipated to supplement the overall market growth in coming years. The ongoing developments in the last mile delivery ecosystem are helping the global market to grow. In addition, acceleration, retail price, fuel economy, ease of operation and interior volume of light duty vehicles are forcing most logistic companies to use light duty vehicles. Road transportation activities are increasing across the globe, thereby boosting the overall growth of the market. Development of electric vehicles and stringent emission norms by OEMs are expected to spur the global first and last mile delivery market during the forecast period. However, an increase in the unemployment rate because of the replacement of laborers and delivery boys by drones and robots may hinder the global first and last mile delivery market growth over the forecast time frame.
First and Last Mile Delivery Market, By Vehicle Type:
First and Last Mile Delivery Market, By Cargo Type:
First and Last Mile Delivery Market, By End Use:
Global First and Last Mile Delivery Market, by Geography
The market research study on “First and Last Mile Delivery Market (By Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle; By Cargo Type: Dry Goods, Postal, Liquid Goods; By End Use: Chemical, Pharmaceutical and Healthcare, FMCG, Hi-tech Product Industry, Food and Beverage, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers detailed insights on global first and last mile delivery market segments with market dynamics and their impact. The report provides insights on global first and last mile delivery market by vehicle type, cargo type, end use and major geographic regions.
The global first and last mile delivery market is characterized by the presence of experienced and established players. Some of the key players include Cargo Carriers Limited, United Parcel Service Inc., Swift Transport, Interlogix Pty. Ltd., Transtech Logistics, TNT Express, Tuma Transport, DB SCHENKER, FedEx Corporation, Concargo Private Limited, Procet Freight, J&J Global Limited, Kerry Logistics Network Limited, DHL Global Forwarding and KART.