Last mile logistics is defined as final step of delivery process from distribution center or facility to end user. It is also called as final mile of delivery. Last mile logistics is an excellent opportunity to e-commerce sector to make their services, transparent, faster, and efficient.
Increase in penetration of internet and expansion of e-commerce is the key driving factor which is expected to boost the global last mile logistics market growth. Furthermore, continuous technological advancements in various sectors including automotive, and transpiration will have the positive impact on market growth. Moreover, increase in globalization will also drive the market growth during this forecast period. Additionally, adoption of new technologies, logistic methods, and innovative vehicles will propel the market growth.
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However, increase in cost of operation due to high fuel prices is the major restraining factor which is expected to hinder the global last mile logistics market growth. Also, road congestion in urban areas will affect the market growth.
Market Key Players
Various key players are discussed in this report such as CEVA Logistics AG, DB Schenker, DHL , DSV A/S, FedEx Corporation, GEODIS, Nippon Express Co., Ltd, XPO Logistics, Inc, and United Parcel Service, Inc.
- Autonomous Vehicles
- Semi-Autonomous vehicles
- Business to Business
- Business to consumer
- 3C Products
- Fresh Products
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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