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.
The global automotive VVT system market size is expected to reach around US$ 76,545 million by 2026 with a CAGR of above 4% over the forecast period 2019-2026. Automotive industry is experiencing a drastic change across the globe. Rising government regulation related to pollution, carbon footprints, and developing transportation sector is shifting manufacturers focus on development of advanced emission control system. Variable Valve Timin
The global automotive laser headlight market size is expected to reach around 339.7 Bn by 2026 and growing at a CAGR of around 67.9% from forecast period 2019 to 2026. Laser headlights are the automotive components used for lighting the road surface to increase safety, and also to avoid risk of accidents. Laser headlights are an innovative technology used in the automobiles, where laser beams not actually shot on the road instead lasers f
The global car rental market size is expected to reach over USD 187.5 billion by 2026 and is expected to grow at a CAGR of 13.7% during the forecast period, 2019–2026. During last few years, the trend of the car and automotive buying has changed the scenario. Rental cars have got the traction during last few years. Car rental service provides car and automobiles on rent for l
The global electric vehicle market is expected to grow at CAGR 25.6% during the forecast period, 2019-2026 and will reach over USD 568.2 Billion by 2026. Electric vehicle also knows as electric motor or EV, is a vehicle that uses electric motor for propulsion. Some of the common electric vehicles are electric car, electric truck, electric train, electric airplanes, electric lorries, electric boats,
The global electric vehicle charging station market is expected to grow at CAGR 40.5% during the forecast period, 2019-2026 and will reach over USD 30.8 Billion by 2026. Electric vehicle charging stations is known with multiple names including electric vehicle charging point, electric recharging point is an infrastructural point that is known for supplying electric energy to the electric vehicle. T
The global automotive OLED market size is expected to reach over USD 5.1 billion by 2026 and is expected to grow at CAGR 16.5% during the forecast period, 2019-2026. Automotive OLED (Organic Light-Emitting Diode) is the film of organic compound that emits light in response to an electric current. It is an advanced type of the automotive lighting. The global Automotive OLED market is growing at sign