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  • 7 August 2019 15:49

First and Last Mile Delivery Market Size, Share, Growth Predictions and Forecast 2018-2026

According to Acumen Research and Consulting, the global first and last mile delivery market is expected to grow at significant CAGR around 14% throughout the forecast period and reach around US$ 1 billion by 2026.

First and last mile delivery market is expected to grow at significant CAGR around 14% throughout the forecast period and reach around US$ 1 billion by 2026.

First mile refers to the movement of products from a retailer to a courier service, or to anyone who is expected to transport goods to their final users, while the last mile refers to the final movement of products to their final intended users. First mile delivery can be simply termed as the last mile delivery for a vendor/ manufacturer.

Delivery service can be defined as the transportation of a parcel or package from its origin that travels through the pickup chain, transit chain, and delivery chain in order to reach to its destination. First mile delivery service is the first part in the delivery system that falls between the pickup chain and transit chain, while last mile delivery service is the final part where the parcel is handed over to the end-consumer. This falls under transit chain and destination.

Market Segmentation

First and Last Mile Delivery Market, By Vehicle Type: Light Duty Vehicle,Medium Duty Vehicle,Heavy Duty Vehicle

First and Last Mile Delivery Market, By Cargo Type: Dry Goods,Postal,Liquid Goods

First and Last Mile Delivery Market, By End Use: Chemical,Pharmaceutical and Healthcare,FMCG,Hi-tech Product Industry,Food and Beverage,Others

Global First and Last Mile Delivery Market, by Geography: North America, Europe, Asia- Pacific, Middle East & Africa

Market Participants

The global first and last mile delivery market is characterized by the presence of experienced and established players. Some of the key players include Cargo Carriers Limited, United Parcel Service Inc., Swift Transport, Interlogix Pty. Ltd., Transtech Logistics, TNT Express, Tuma Transport, DB SCHENKER, FedEx Corporation, Concargo Private Limited, Procet Freight, J&J Global Limited, Kerry Logistics Network Limited, DHL Global Forwarding and KART.

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