First and Last Mile Delivery Market Research Report: Size, Share, Opportunities, Challenges, and Forecast 2029.

First and Last Mile Delivery Market Research Report: Size, Share, Opportunities, Challenges, and Forecast 2029.

First and Last Mile Delivery Market is expected to reach US$ 1433.09 Mn. by 2029, at a CAGR of 13.51% during the forecast period.

First and Last Mile Delivery Market Overview: 

The First and Last Mile Delivery Market study provides a comprehensive picture of the competition, including the market share and company profiles of the global industry's key competitors. The research scope includes a thorough examination of the First and Last Mile Delivery Market, as well as the reasons for variations in the industry's growth in various locations.

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Market Scope:

This market report relies heavily on secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to find and collect appropriate excerpts for this study.

Segmentation:
First mile refers to the movement of products from a retailer 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 end users. First mile delivery can be simply termed as the last mile delivery for a vendor/ manufacturer. 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.

Regional Analysis:

Individual market influencing elements and changes in market laws that influence current and future market trends are also included in the First and Last Mile Delivery Market study's geographical overview. Current and future trends are investigated in order to assess the overall market potential and identify profitable trends in order to gain a more stable footing. The geographical market evaluation is based on the current environment and anticipated developments.

Key Players:

Secondary research is used to identify market leaders, and primary and secondary research is used to determine market revenue. Secondary research included a review of the top manufacturers' annual and financial reports, whereas primary research included extensive interviews with key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. Secondary sources are used to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then verified using primary sources. The following are the major players in the First and Last Mile Delivery Market:

• UPS Supply Chain Solutions
• DHL Supply Chain & Global Forwarding
• FedEx
• Kuehne + Nagel
• SF Express
• XPO Logistics
• DB Schenker Logistics
• Nippon Express
• GEODIS
• CEVA Logistics
• J.B. Hunt (JBI, DCS & ICS)
• Agility
• China POST
• Hitachi Transport System
• DSV
• YTO Express
• Panalpina
• Toll Holdings
• Expeditors International of Washington

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COVID-19 Impact Analysis on First and Last Mile Delivery Market:

End-user sectors where First and Last Mile Delivery Market are used experienced a decline in growth from January to May in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of firms operating in these industries and, as a result, in demand for First and Last Mile Delivery Market manufacturers, influencing the development of the First and Last Mile Delivery Market in 2020. End-user business demand for First and Last Mile Delivery Market has dropped significantly as a result of lockdowns and an increase in COVID-19 incidents worldwide.

Key Questions Answered in the First and Last Mile Delivery Market Report are: 

• In 2021, which segment held the largest share of the First and Last Mile Delivery Market?
• What is the First and Last Mile Delivery Market's competitive landscape?
• What are the key drivers assisting First and Last Mile Delivery Market growth?
• Which region controls the most of the First and Last Mile Delivery Market?
• What will be the First and Last Mile Delivery Market's CAGR during the forecast period (2021-2029)?

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