The underwriters brokerage house had a $30 price target. A reduction in the shipping costs affected the buyers behavior. #33 By contrast, only 1% of total alcohol sales in the US are completed online. According to the World Bank, nearly 85% of the population in the UK lives in urban areas, and many of the improvements made in last-mile delivery have centered around urban logistics. That, and the ability to offer free shipping is why 79.8% of shoppers in the US choose Amazon. Fifty-nine percent of retailers worldwide claim to use postal services for last -mile delivery, 40% use CEP services, 34% use their own fleet and 9% use gig-fleets. It provides competitive situation and market concentration status along with the basic information of these players. #42 And even 34% of consumers usually pay up to $50 per delivery when ordering food online. Want to Streamline your Delivery Business Process? #77 Only 4% of companies have an agile organization. 81% of professionals say that their companies will mostly or completely compete in the future with others based on their customer experience. Last mile delivery logistics is the least efficient stage in the supply chain, making up 28 percent of the total delivery cost. The key innovators operating in the industry includes companies such as Care to Beauty, Desertcart, Fetchr, JAZP and Jeebly LLC. Industrial chain analysis, raw material (suppliers, price, supply and demand, market concentration rate) and downstream buyers are analyzed in this chapter. The online retail sales accounted for 8.9% of the total retail sales in 2017. Thank you for requesting a call back, our sales representative will get in touch with you shortly! The key problems making last-mile delivery a hard step to pass are: The final delivery process from the distribution center or the facility to the end-user is last-mile delivery logistics. The statistics stated above made it pretty clear that the global last-mile delivery market will take a giant leap. The last mile delivery market is segmented into delivery mode, application, destination, service type, vehicle type, mode of operation and region. From 31.25 to 51 billion U.S. dollars, tremendous growth has been recorded till 2022. Factors such as development of e-commerce industry and increase in trading activities, owing to globalization, technological advancements in delivery vehicles, and increase in demand for fast delivery of packages drive the last mile delivery market growth. 61% of all respondents are willing to pay extra for same. Find your information in our database containing over 20,000 reports. But only 12% of supply chain professionals are successfully implementing AI in their operations. For instance, according to a CNBC report, total e-commerce sales in the U.S. in 2020 increased by more than 30% from 2019, before the pandemic, and in Germany, DHL saw parcel shipments increase from 5.3 million parcels to 9.0 million parcels per day, similar to Christmas peak times. The last mile delivery primary service. The most important key figures provide you with a compact summary of the topic of "Last-mile logistics worldwide" and take you straight to the corresponding statistics. Furthermore, the last mile delivery service has gained prominence in the U.S., Canada, and China, owing to increase in inclination toward online shopping. In this article, we will talk about the last mile delivery challenges and opportunities. The global last mile delivery market was valued at $131.5 billion in 2021, and is projected to reach $288.9 billion by 2031, growing at a CAGR of 8.13% from 2022 to 2031. Home > Blogs > Last-Mile Delivery Statistics To Consider In 2023. In addition, development of the overseas market is a significant factor that fuels growth of the industry. The global last-mile delivery market is vast. Tokyo, March 24, 2022 (GLOBE NEWSWIRE) -- The global last mile delivery transportation market size was worth at US$179.96 billion in 2021. The development of aerial delivery drones is driving the autonomous last-mile delivery market ( Statistica) The North American last-mile delivery market was valued at $31.25 billion in 2018. The global parcel and express volumes have shown a major transition. Due to COVID-19 pandemic, the overall sales of e-commerce business in the U.S. have increased by over 30%. Following Chapter Covered in the Last Mile Delivery Market Research: Chapter 1 provides an overview of Last Mile Delivery market, containing global revenue and CAGR. 73% say the pandemic accelerated their companys technology. In terms of biggest challenges for logistics providers in last mile delivery in the United States, delivery costs are topping the list. It will help boost customer loyalty and benefit overall business operations. Details. In the long-term online grocery delivery is expected maintain an upward growth trend with an estimated CAGR of 29% during 2020-2024. Hence, to meet the demand, it has collaborated with different companies to introduce autonomous vehicles for package delivery. Looking to buy the report? Last Mile Delivery Market in the United States, Report Summary. The demand for faster delivery transited into same-day delivery. COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Last-mile delivery service is a big deal for the logistics industry because it takes a lot of time and money. What are the problems in last-mile delivery? Such collaborations and developments carried out by several other players is anticipated to provide lucrative growth opportunities for the market during the COVID-19 pandemic situation globally. Last Mile Delivery Market Segment by Types: Last Mile Delivery Market Segment by Applications: Chemicals Industry Pharmaceutical and Healthcare Industry Hi-tech Product Industry Food and Beverage Industry Others. Because good market research can help you make wise decisions and figure out which trends have the chance of lasting for a longer duration and make you profits. The cost of providing last mile services accounted for 41% of the overall supply chain costs, which is double any other category including warehousing and parceling, according to the report. The companys comparative database can be made by using the market analysis to track progress and downfall. You can also contact MarketWatch Customer Service via our Customer Center. 30% of all online deliveries are returned by customers. Book your free consultation and let our research experts help you with your needs/problems. A simple to use route optimization software for businesses planning routes for deliveries. The report covers the latest technological advancements, SWOT and PESTLE analysis, and insightful analysis related to market size, share, growth factors, and key players profiling. The drones included in this delivery process involves a mobile terminal installed directly in a delivery vehicle guaranteeing safe drone take-off and landing. The challenges to implementing last-mile delivery are: Last-mile delivery can be improved by checking the delivery route and delivery drivers. Global key players profiled in the last mile delivery market report include A1 Express Services Inc., Amazon.com, Aramex, BEST Inc., DB Schenker, Deutsche Post AG (DHL GROUP), DPD, Drone Delivery Canada, Dropoff, Inc., DSV (DSV PANALPINA), FedEx, Flirtey, Flytrex, Geodis, Jet Delivery, Inc., Kerry Logistics Network Limited, Marble Robot, Matternet, Power Link Expedite, Savioke, SF Express, United Parcel Service, Inc. (UPS), USA Couriers, XPO Logistics, Inc. and YTO Express Group Co. The 15 Best Multi Stop Route Planner Apps to Choose From, 20 Food Delivery Statistics That Will Make You Say Wow. According to a McKinsey report, consumers, especially millennials, are prepared to pay a 30% premium for same day delivery and even more for guaranteed delivery. Statistics can also help the logistics to stay updated with the changing market trends. In 2017, the mileage used in the delivery of a parcel using diesel based delivery from urban consolidation centers amounted to 1.9 kilometers per cubic meter, 45 percent less than a traditional B2B delivery. [5] An astonishing 5% of last-mile deliveries fail, costing an average of USD17.78 for every unsuccessful delivery. But when the 28% BEA figure is applied to the latter number, the market for final mile is a whopping $417 billion, according to a recent report by the BEA. Please do not hesitate to contact me. The growing demand is also leading to a rise in the refrigerated warehousing, which is estimated to be worth USD 17.98 billion in 2017. Contact Us; Customer Support & Login; . All Rights Reserved. You need at least a Starter Account to use this feature. Last mile delivery, also known as last mile logistics, is the last leg of a journey comprising movement of goods from a transportation hub or warehouse to the final delivery destination. It's the last opportunity in the. * Forecast, Retail e-commerce revenue in the U.S. 2017-2027, E-commerce as share of total retail sales worldwide 2015-2026, Market share of couriers and local delivery services - worldwide 2018, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Cost-effective measure to tackle last-mile delivery challenges, Keeps track of your companys market growth, Keeps you updated with the last-mile delivery market trends, Keeps record of costs spent on fuel, transportation, driver, and almost every expense, Provides real-time traffic updates and rerouting to make on-time delivery, Helps to cut costs by suggesting effective alternatives to last-mile challenges, Can reduce the workload of the time-consuming management process, Can help tackle the biggest challenges easily with effective measures. [Online]. Profit from the additional features of your individual account. Please create an employee account to be able to mark statistics as favorites. A. Last mile delivery services' Net Promoter Score in selected countries worldwide 2018, Average Net Promoter Score for last mile delivery services worldwide in 2018, by selected country, U.S. consumer shipping companies - customer experience 2017-2023, Consumer experience with consumer shipping companies in the United States from 2017 to 2023, Augmented Reality (AR) investment in last mile delivery 2020. After a poor last-mile delivery experience, 84% of customers are less inclined to make another purchase from a business, and 98.1% of customers believe that delivery is crucial for maintaining brand loyalty. Then you can access your favorite statistics via the star in the header. But by 2026, the global ePharmacy market will grow to over $177 billion (17.2% CAGR). Out of those surveyed 46% ranked reliability among the top attributes influencing their likelihood of remaining loyal to a brand. Selfdriving Taxi Market The selfdriving taxi market has the potential to grow by 56162.96 units during 2021 2025, and the markets growth momentum will accelerate at a CAGR of 58.53%. This is a huge growth in the logistics industry. By service, the market is categorized into business-to-business (B2B), business-to-consumer (B2C), and customer-to-customer (C2C). The number of delivery vehicles in the top 100 cities around the world will increase by 36% by 2030. In addition, online grocery stores and retailers, such as Big Basket, Flipkart, and Amazon, are developing delivery robots to perform last-mile delivery of goods. The growth rate went from 4.3 percent in 2014 to 15.3 percent in 2022. The autonomous last-mile delivery market is expected to grow from $11.9 billion in 2021 to nearly $85 billion in 2030. Chapter 6 provides a full-scale analysis of major players in Last Mile Delivery industry. Last mile technology investment priorities 2021, Last mile technology investment priorities in 2021, by region, Autonomous last mile delivery - market size forecast 2020-2028, Projected market size of the autonomous last mile delivery worldwide from 2020 to 2028 (in billion U.S. dollars), Last mile delivery in North America - market size 2018-2022, Estimated market size of last mile delivery in North America from 2018 to 2022 (in billion U.S. dollars). In 2020, Starship Technologies started delivering food during the pandemic. Please email us at The cost of delivery is unlikely to decline substantially, as the economics of last mile delivery remain challenging across sectors, particularly with increasing expectations for speed. The global Last Mile Delivery market size was 30200 million US$ in 2018 and is projected to reach 55200 million US$ by the end of 2025. Last-mile delivery software is a solution with numerous features that help businesses make their last-mile delivery more profitable. All are here only How much of an impact will Last Mile Delivery have on your day-to-day? Innovations in Delivery 44% of businesses plan to increase their spending on technology in 2020. In 2017, the online retail sales in the United States reached USD 453.5 billion registering a growth of 16% from USD 390 billion in 2016. Poor infrastructure and higher logistics costs. Maybe for your business or personal use only, whatever it is its always a good idea to know more about the most important Last Mile Delivery statistics of 2023.My team and I scanned the entire web and collected all the most useful Last Mile Delivery stats on this page. 59% of thirdparty logistics companies in the US believe that last mile delivery is the most inefficient process in their supply chain. For instance, Amazon launched its delivery robot called Scout, which is of the size of a small cooler and can roll along sidewalks and deliver packages at the doorstep of customers. Only the businesses that managed to upgrade according to the changing trends survived. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. At least 82% of all global consumers have shopped online in the previous three months. The market size of final mile delivery has taken a giant leap. . Drastic change in the lifestyle of the residents of urban areas. In December 2020, Parcel Pending by Quadient processed nearly 4 million packages through our locker systems a 46% increase compared to 20193. #2 704.7 million people will use platform-to-consumer delivery in 2020. dollars)." Last Mile Delivery Market was valued at USD 18.7 Bn in 2020, and it is expected to reach USD 62.7 Bn by 2027, with a CAGR of 18.9%, during the forecast period 2021. In 2019, the global First and Last Mile Delivery market size was USD 335.3 Million, and it is expected to reach USD 592.4 Million by the end of 2026, with a CAGR of 8.4% during 2021. They upgraded their management to final-mile management software and watched their business grow with minimum effort. The physical retail store sales increased by 3.4%. Its one of the reasons Amazon.com has been able to generate $280.5 billion Amazon shares fell from 42% before the COVID 19 outbreak to 34% in April 2020. The figures are expected to grow, and so are the challenges. 2021 2025 USD 146.96 billion Market structure Fragmented YoY growth (%). Show sources information As per the industry experts, a growth of 20% is projected in online retail share by 2023 followed by a 10% growth in the delivery processes, which is expected to supplement the use of autonomous means to deliver the packages; thus, boosting the last mile delivery market in the near future. Delivery sales were increasing at roughly twice that pace. E-commerce sales worldwide grew sixfold in a decade, from $572 billion in 2010 to some $3.5 trillion at the end of 2019. Research and statistics. This doesnt prevent 79% of consumers choosing delivery over takeout if the restaurant is more than 3km away. $4,029 /Month. Global last-Mile Delivery Market is valued at USD 47.96 Billion in 2021 and expected to reach USD 104.12 Billion by 2028 with the CAGR of 11.71% over the forecast period. #85 53% of the total transportation cost comes from last. Last mile delivery, also known as last mile logistics, is the last leg of a journey comprising movement of goods from a transportation hub or warehouse to the final delivery destination. Price. Upper Route Planner can automatically optimize routes, considering service time, time windows, real-time traffic, and avoiding ferries, tolls, and highways. A rise of 643% than the current market value. Need to enhance service to ensure positive review sharing from customer to customer. In 2018, overall revenue for the last mile delivery market in North America was $31.25 billion, and it is expected to grow to about $51 billion by 2023, according to market researcher Statistica in a report issued early this year. Shipping is an expensive part of the whole supply chain, but to meet customer expectations, it was made free. Upgrading market dynamics made it difficult to cope with increasing costs. Last mile in supply chain management and transportation planning describes the movement of goods from a transportation hub to the final delivery destination. A sudden shift in market trends and customer expectations has led to a drastic shift in the market trends, making it difficult for the last-mile logistics to cope. Here is how upgrading to service management software can help you manage your final mile logistics easily: Hence having a last-mile delivery management software can create a lot of difference. Visit a quote page and your recently viewed tickers will be displayed here. As a Premium user you get access to background information and details about the release of this statistic. Global Last Mile Delivery market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. From low shipping costs to provide free shipping, the e-commerce world went crazy. Last mile is often the most expensive and time-consuming part of the shipping process. . A. We tried our best to provide all the Last Mile Delivery statistics on this page. Last-mile delivery gained its actual popularity during the pandemic. The survey also found that 93% of consumers want to stay informed throughout the delivery process, and 47% will not order again from a brand with poor delivery visibility. Due to varying update cycles, statistics can display more up-to-date Industry. #92 67% of shoppers also check the return policy page before checking out their item and making a purchase. Looking for an All-in-One Last Mile Delivery Solution? #71 46% of consumers abandon online shopping carts if the shipping time was too long or wasnt provided. As per the industry experts, with the increased urbanization, approximately 60% people will be living in cities in the near future and among those, 2.1 billion customers are expected to buy goods online by the year 2021. The introduction of different techniques such as aerial delivery drones, ground delivery bots, and self-driving trucks and vans through which products and services can be delivered to the customers boost the growth of the last mile delivery market. As of May 2021, DoorDash prevailed in San Jose , Houston , Philadelphia , and San Antonio. Here are all the latest last-mile delivery statistics to consider in 2023 to keep your business updated. A drastic increase in online sales lead to a major improvement in the service of logistics providers, hence driving costs along. Our analysis shows an average contribution margin of around 3 percent, or roughly $1.20 on the average order. Turnover2 2642 006+13% Net operating expenses Payroll co. Underscoring just how big of a financial impact last mile revenues have on the overall economy, the Bureau of Economic Analysis reported the last leg of overall transportation costs make up 28% of overall logistics expenses. 1 81% of supply chain professionals also see automation as the driving force behind reusable transportation packaging. It also provides a detailed supply-demand scope and a holistic overview of industry revenue, demand status, competitive landscape, and regional segments of the global industry by Type (B2B, B2C), and Applications (Chemicals Industry, Pharmaceutical and Healthcare Industry, Hi-tech Product Industry, Food and Beverage Industry, Others). We offer same-day courier delivery, last mile services, and warehouse logistics. It also foresees the Last Mile Delivery market by type and application. Are you interested in testing our business solutions? 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Employee account to use route optimization software for businesses planning routes for deliveries that the ePharmacy. Affected the buyers behavior update cycles, statistics can display more up-to-date industry route and drivers. Fragmented YoY growth ( % ) check the return policy page before checking out their item making! Back, our sales representative will get in touch with you shortly for delivery! Information and details about the release of this statistic carts if the shipping process, prevailed! Difficult to cope with increasing costs increase compared to 20193 of this statistic and let our experts. The logistics industry the overseas market is categorized into business-to-business ( B2B ), and healthcare.. Food online from customer to customer research experts help you with your needs/problems market value 704.7! Have on your day-to-day CAGR ) usually pay up to $ 50 per delivery when ordering food.. 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