- Suppliers and Logistics Companies Looking to Leverage Autonomous Vehicles for Meeting Twin Objective of Evolving Customer Expectations and Cost-reduction; E-commerce Sector to Impart Big Momentum to Last Mile Delivery Transportation Market Growth
- Stakeholders in Developing World Adopting Technologies to Redefine Last Mile Delivery Transportation Approaches; Market to Reach ~US$ 400 bn by 2030-end
ALBANY, New York, May 29, 2020 /PRNewswire/ -- Evolving consumer expectations make last mile delivery a crucial aspect for logistics companies and suppliers. Resultantly, need for considerably reducing the delivery and fulfilment times in a thriving e-Commerce sector worldwide is driving the demand for technologies among stakeholders. End-use industries, including chemical, pharmaceuticals, healthcare, FMCG, and food and beverages, who increasingly focus on last mile delivery will be early adopters of new technologies. All these factors shape the trajectories of the last mile delivery transportation market, and will continue to shape new delivery models over the next 10 years.
During 2020–2030, the global last mile delivery transportation market is expected to clock CAGR of ~3%, and reach worth of ~US$ 400 bn by this period-end.
Analysts at Transparency Market Research note that during the assessment period, strides in robotics and the emphasis on adopting semi-autonomous and autonomous delivery vehicles will play an imperative role in redefining last mile delivery transportation.
Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=77271
Key Findings of Last Mile Delivery Transportation Study
Explore 257 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Last Mile Delivery Transportation Market (Vehicle Type: Light Duty Vehicle, Medium Duty Vehicle, and Heavy Duty Vehicle; End Use: Chemical, Pharmaceuticals & Healthcare, Hi-tech Product Industry, FMCG, Food & Beverages, and Others; and Cargo Type: Dry Goods, Liquid Goods, and Postal Goods) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/last-mile-delivery-transportation-market.html
Last Mile Delivery Transportation Market: Key Driving Factors and Promising Avenues
The key driving force behind the rapidly expanding last mile delivery transportation market is veritably strides that e-commerce has been making over the years around the world. Retailers, suppliers, and logistics companies are intensively looking to harness new automation technologies to reduce the delivery time, and at less cost than before. Some of the factors and trends that complement the market growth can be listed as:
Request COVID-19 Impact Detailed Analysis on Last Mile Delivery Transportation Market at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77271
Last Mile Delivery Transportation Market: Region-wise Analysis
Among the various regions, North America and Europe has witnessed rapid technological advances in transportation and logistics pertaining to improving last mile delivery. The notable lucrativeness of the markets stem from the demand for minimizing delivery costs and also ensuring that customers have the delivery fulfilled at remarkable speed.
Meanwhile, Asia Pacific is expected to be the new center for vast revenue streams for players in last mile delivery market.
Analyze last mile delivery transportation market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a Sample of the Study
Key Challenges for Players in Last Mile Delivery Transportation Market
Emission guidelines also pose substantial challenge for logistics companies in the last mile delivery transportation market.
While some challenges have been there for a long time, a few are of recent nature. In the light of supply chain disruptions due to COVID-19 pandemic lockdowns across the world, last mile delivery transportation has been exposed to new challenges. Governments in several countries that are affected are doing their best to meet the spikes in demand. State-of-the art delivery technologies are being encouraged to meet the need for unprecedented high supplies of protective equipment and medical supplies in these times.
Logistic behemoths such as FedEx and DHL will increasingly look toward harnessing new delivery models to meet the customer expectations in upcoming years, opening new opportunities in last mile delivery transportation market.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/77271
The Last Mile Delivery Transportation market is segmented on the basis of:
Explore Transparency Market Research's award-winning coverage of the Global Automotive & Transport Industry:
Pickup Truck Market – The global pickup truck market is projected to reach US$ 950 Bn by 2030, expanding at a CAGR of ~2% during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in developed countries is still boosting the market worldwide.
Car Finance Market – The global car finance market is projected to reach ~US$ 3 Trn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in the number of young consumers with low capital at disposal and availability of low interest EMI and zero down-payment schemes are boosting the car finance market. Car finance is highly popular in developed countries such as the U.S., those in Europe, and Japan. Car finance is gaining popularity in developing countries such as Mexico, Brazil, India, and China.
Intelligent Transport System (ITS) Market – According to the report, the global intelligent transportation system market is likely to be driven by the need to adopt smarter transport modes that are safer, user friendly, and more coordinated. The intelligent transportation system employs communication technology and captured information in transportation in order to improve efficiency, safety, and reduce traffic issues
Farm Tractor Market – North America and Europe Farm Tractor market is expected to record sale volume of 650 thousands tractors by 2027. Furthermore the farm tractor market in the region is estimated to expand at a CAGR of 3.88 % during the forecast period from 2019 to 2027. Increasing demand for food, favorable government policies, growing farm mechanization and hobby farming are the key factors driving the growth of the farm tractor market in the region.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]