About Last Mile Delivery Transportation
Last mile shipping is the closing step in the transport process, when a parcel is transported from a transportation hub to its ultimate destination, which is normally a person's domestic or a retail store. It is the most essential step in the transport process, and one that agencies prefer to be as rapid and environment friendly as possible. This is to meet the developing want for speedy delivery amongst consumers, in particular in the e-commerce, food, and retail industries. It's additionally the most costly section of the ride that commodities take to get to their closing destination.
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The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Last Mile Delivery Transportation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
KART (India), Kerry Logistics Network Limited (Hong Kong), Kintetsu World Express (Japan), Nippon Express (Japan), Cargo Carriers Limited (South Africa), CEVA Logistics (France), CJ Logistics Corporation (South Korea), Concargo Private Limited (South Africa), DB SCHENKERDHL (Germany) and Global Forwarding (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FedEx Corporation (United States), Interlogix Pty. Ltd (Namibia) and J&J Global Limited (United States).
AMA Research has segmented the market of Global Last Mile Delivery Transportation market by and Region.
On the basis of geography, the market of Last Mile Delivery Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle , the sub-segment i.e. Cargo Bike will boost the Last Mile Delivery Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use Industry, the sub-segment i.e. Food Delivery Industry will boost the Last Mile Delivery Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rise in Penetration of Internet Connectivity in Urban and Rural Areas
Disruptions across the Supply Chains
High Delivery Costs and Late Deliveries
Advancements in Robotics and Adoption of Semi-autonomous and Autonomous Delivery Vehicles and New Technology Alliances and Investments shaping Last Mile in Transportation Sector
Market Leaders and their expansionary development strategies
In August 2022, Global transport and logistics provider Geodis is bolstering its U.S. e-commerce last-mile capabilities by acquiring Need It Now Delivers. Geodis expects to close on the deal by the end of this year. Until then, both companies will operate independently.
In 2022, Continuing the expansion of its global eCommerce business, CEVA Logistics announced that the company has won a five-year contract with ABOUT YOU, one of Europe’s fastest-growing fashion platforms. CEVA will manage a new 40,000-square-meter fulfillment operation in Wroclaw-Magnice, Poland, using its automation and technology capabilities to deliver greater productivity and shorter lead times for ABOUT YOU’s eCommerce activities.
Key Target AudienceVenture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.