Global Last Mile Delivery for E-commerce market will reach 5750 million US$ by the end of 2025
Published Date: 2019/6/18
Dedicated e-commerce warehousing and distribution contracts are increasingly being awarded to logistics providers. A key trend in the global logistics industry is the provision of value-added services and bespoke solutions. Logistics providers are increasing their focus on specific industry sectors such as high-technology, automotive and pharmaceuticals, and offering additional value-added services that make their services more relevant for client needs. New technologies are finding their way into logistics services in order to improve productivity and enhance service. New logistics technologies being developed include vehicle management software, self-driving vehicles, robotics, internet of things applications and augmented reality. The largest logistics providers are characterized by differing service lines, asset ownership models, geographical scope and types of customers they serve.
Market growth will also be driven by the continued outsourcing of supply chain activity to third-party logistics providers. This includes increase in the scope of contracts when they are renewed. However, a key factor which will offset the impact of this on market growth is the efficiency savings made by logistics providers which are passed back to clients. Further consolidation is expected as logistics providers seek to add new service capabilities and geographical scope to enable them to support global clients and hence, build their position in the competitive global market.
In 2018, the global Last Mile Delivery for E-commerce market size was 3020 million US$ and it is expected to reach 5750 million US$ by the end of 2025, with a CAGR of 9.7% during 2019-2025.
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