By contrast, only 8.89% of purchases made in brickand. It also foresees the Last Mile Delivery market by type and application. 1. Do you believe Augmented Reality (AR) is a key last mile technology to invest in? According to the insights of the CXOs of leading companies, the current market trend & advancement in e-commerce industry to a much higher level and the use of better & more efficient product delivery service has increased across the globe. What are the challenges to implementing last-mile delivery? Need to talk to an expert? Most used shipping service provider among U.S. online shoppers 2017, Maximum amount willing to pay for shipping among U.S. online shoppers 2017, Importance of last-mile delivery among retailers and manufacturers worldwide 2017, Role of the brick and mortar store in the supply chain 2016-2017, Revenue of the courier, express and parcel (CEP) sector by region 2015-2025, The same day-delivery market in the U.S. - share by service type 2018, Same-day delivery in the U.S. - share by segment 2018, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Looking to buy the report? Reports, analysis and official statistics. It is good to know the statistics of the last-mile market, but it is even better to know their proper use to make necessary changes. Courier, Express and Parcel (CEP) market in the United States, Get the best reports to understand your industry. Last mile is often the most expensive and time-consuming part of the shipping process. liability for the information given being complete or correct. In 2019, Amazon invested $1billion in its one-day delivery initiative for Prime customers. Track. Clicking on the following button will update the content below. According to data from Adobe Analytics, eCommerce sales were up 55% year over year for the first seven months of the year, resulting in $434.5 billion in online spending. 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. What challenges do you face with your cross-border e-commerce (other than cost)? The market growth is supplemented by development of e-commerce industry, increase in trading activities due to globalization, technological advancements in delivery vehicles, and increase in demand for fast delivery of packages. The average cost of last mile delivery in the US is $1.50 per mile. Retailers must not neglect rural areas, however. According to GroupM, global retail eCommerce sales will rise to $7 trillion by 2024 (comprising 25% of all retail sales). 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. A failed delivery can add up to this already expensive process. 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. Available to download in PNG, PDF, XLS format 33% off until Jun 30th. This is a huge growth in the logistics industry. 2021 2025 USD 146.96 billion Market structure Fragmented YoY growth (%). . Should you invest in Last Mile Delivery? Major companies came up with offers to allure their customers, making it difficult for small logistics to stand against them. #5 Standard delivery takes approximately 3-5 business days to be completed. Last-mile delivery service is a big deal for the logistics industry because it takes a lot of time and money. Growth in trade activities and increase in concern toward seamless transportation activities, owing to globalization are expected to drive growth of the last mile delivery market across the globe. My family is dealing with a significant shock: My father secretly married his caregiver, who is 40 years his junior. #85 53% of the total transportation cost comes from last. The business-to-consumer track has constantly been upgrading. If you offer them a free return with their purchase, 27% of customers are willing to spend over $1,000. Furthermore, lack of skilled workers, IT standard, and equipment and poor system integration have been among the key reasons for under development of the overall supply chain. Last-Mile Delivery Statistics To Consider In 2023, Importance of Last-Mile Delivery Statistics, Upgrade to Meet Future Last-Mile Delivery Scenarios, difficult for the last-mile logistics to cope, 8.6 trillion U.S. dollars in 2020 globally. Other key factors include a broad selection of offers (68.9%), Prime membership (65.7%), and best pricing (49.2%). Lilly said that the participants lost, on average, between 16.0% and 22.5% of their body weight after 72 weeks. Driven by online shopping, Royal Mail delivered 496 million parcels in the U.K. during the last 3 months of 2020 a 30% increase in parcel delivery volume over the same period in 20196. The growth rate went from 4.3 percent in 2014 to 15.3 percent in 2022. Delivery is typically to a. 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. The figures are expected to grow, and so are the challenges. The current last mile delivery market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency. Please create an employee account to be able to mark statistics as favorites. E-commerce sales worldwide grew sixfold in a decade, from $572 billion in 2010 to some $3.5 trillion at the end of 2019. Get weekly updates from Upper Route Planner. Last mile delivery aims to deliver items to customers as quickly as possible while minimizing company costs. 9.4 Domestic and International Road Freight Transport Statistics . Stress-Free Route Planning Plan. Chapter 7 pays attention to the sales, revenue, price and gross margin of Last Mile Delivery in markets of different regions. Delivery disruptions are a part of life, and 100% ontime performance might not be feasible, but consistent on time performance is a huge part of delivery success. The overall last mile delivery market opportunity is determined by understanding profitable trends to gain a stronger foothold. Various activities related to trade have been witnessed to increase, owing to rise in globalization from last several years. This data file defines the number of post office boxes and business/residential deliveries on city, rural, and highway contract routes for every non-unique ZIP Code in the nation. The challenges to implementing last-mile delivery are: Last-mile delivery can be improved by checking the delivery route and delivery drivers. I feel like a sucker: I bought stock for $18 after an IPO. After two to three late deliveries, that number jumps all the way up to 55%. Here are the pointers explaining the importance of last-mile delivery statistics: Statistics can help you compare your companys performance with the markets growth to measure if you are making real profits. Burger King, for example, recently unveiled plans for a restaurant that is 60 percent smaller than its traditional outposts, accommodating the influx of togo orders with features such as pickup lockers and dedicated curbside. ", Statista, Size of the global last mile delivery market from 2020 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1286612/last-mile-delivery-market-size-worldwide/ (last visited March 18, 2023), Size of the global last mile delivery market from 2020 to 2027 (in billion U.S. dollars) [Graph], Statista, January 26, 2022. 1 Detailed TOC of Last Mile Delivery Market Forecast Report 2022-2029: 1.1 Product Overview and Scope of Last Mile Delivery, 1.4 Global Market, Region Wise (2017-2022), 1.5 Global Market Size of Last Mile Delivery (2017-2029), 2 Global Last Mile Delivery Market Landscape by Player, 2.1 Global Last Mile Delivery Sales and Share by Player (2017-2022), 2.2 Global Revenue and Market Share by Player (2017-2022), 2.3 Global Average Price by Player (2017-2022), 2.4 Global Gross Margin by Player (2017-2022), 2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player, 2.6 Market Competitive Situation and Trends, 3 Last Mile Delivery Upstream and Downstream Analysis, 3.2 Key Raw Materials Suppliers and Price Analysis, 3.3 Key Raw Materials Supply and Demand Analysis, 3.5 Market Concentration Rate of Raw Materials, 4 Last Mile Delivery Manufacturing Cost Analysis, 4.1 Manufacturing Cost Structure Analysis, 4.2 Last Mile Delivery Key Raw Materials Cost Analysis, 5.3.1 Advances in Innovation and Technology for Last Mile Delivery, 5.3.2 Increased Demand in Emerging Markets, 5.4 Last Mile Delivery Industry Development Trends under COVID-19 Outbreak, 5.4.2 Influence of COVID-19 Outbreak on Last Mile Delivery Industry Development, 6.1.1 Basic Information, Manufacturing Base, Sales Area and Competitors, 6.1.2 Last Mile Delivery Product Profiles, Application and Specification, 6.1.3 Last Mile Delivery Market Performance (2017-2022), 6.2.1 Basic Information, Manufacturing Base, Sales Area and Competitors, 6.2.2 Last Mile Delivery Product Profiles, Application and Specification, 6.2.3 Last Mile Delivery Market Performance (2017-2022), 7 Global Last Mile Delivery Sales and Revenue Region Wise (2017-2022), 7.1 Global Sales and Market Share, Region Wise (2017-2022), 7.2 Global Revenue (Revenue) and Market Share, Region Wise (2017-2022), 7.3 Global Sales, Revenue, Price and Gross Margin (2017-2022), 8 Global Last Mile Delivery Sales, Revenue (Revenue), Price Trend by Type, 8.1 Global Sales and Market Share by Type (2017-2022), 8.2 Global Revenue and Market Share by Type (2017-2022), 8.4 Global Sales Growth Rate by Type (2017-2022), 9 Global Last Mile Delivery Market Analysis by Application, 9.1 Global Consumption and Market Share by Application (2017-2022), 9.2 Global Consumption Growth Rate by Application (2017-2022), 10 Global Last Mile Delivery Market Forecast (2022-2029), 10.1 Global Sales, Revenue Forecast (2022-2029), 10.2 Global Sales and Revenue Forecast, Region Wise (2022-2029), 10.3 Global Sales, Revenue and Price Forecast by Type (2022-2029), 10.4 Global Consumption Forecast by Application (2022-2029), 10.5 Last Mile Delivery Market Forecast Under COVID-19, For Detailed TOC - https://marketresearchguru.com/TOC/20970866#TOC, Growing Demand of Electric Wine Opener Market, The Future of Beauveria Bassiana Insecticide Market, Analysis of Powder-Metallurgy Bar of Tungsten Market, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Last Mile Delivery Market Growth Revenue, Trends 2023-2029, COMTEX_426668930/2598/2023-03-15T08:40:39. 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. #55 And another 16% of last mile delivery retailers and logistics providers mentioned electric vehicles among the most important next steps in the evolution of deliveries. The global parcel and express volumes have shown a major transition. The market statistics show that it was 108.1 billion US dollars in 2020. The Last Mile Delivery industry trends and marketing channels are analyzed. Shipping costs in cross-border deliveries worldwide 2020, Shipping costs in cross-border deliveries worldwide in 2020, Most used shipping service providers among online shoppers worldwide 2018, Leading delivery service providers in the world when shopping online in 2018, Market share of couriers and local delivery services - worldwide 2018, Couriers and local delivery service providers' global market share in 2018, Deutsche Post DHL Group - revenue by region 2021, Deutsche Post DHL Group's revenue in 2021, by region (in million euros)*, Deutsche Post DHL Group - external revenue by segment 2021, Deutsche Post DHL Group's external revenue in FY 2021, by segment (in million euros), United Parcel Service of America Inc.'s revenue from FY 2008 to FY 2021 (in million U.S. dollars), United Parcel Service's package revenue in FY 2021, by segment (in million U.S. dollars), Package revenue of FedEx Express 2013-2022, FedEx Express' package revenue from FY 2013 to FY 2022 (in million U.S. dollars), Package delivery methods used around the world 2021, Most used methods in package delivery worldwide in 2021, Average delivery speed of cross-border purchases 2021. , that number jumps all the way up to 55 % face with cross-border... 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