Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global
Research on the last mile delivery market provides an in-depth analysis of
segments and sub-segments in the BRICS as well as the regional last mile
delivery market. The study also highlights the impact of drivers, restraints,
and macro indicators on the BRICS and regional last mile delivery market over
the short term as well as the long term. The report is a comprehensive presentation
of trends, forecasts, and dollar values of BRICS's last mile delivery market.
According to the report, the BRICS last mile delivery market is projected to
grow at a CAGR of 8.55% over the forecast period of 2021-2027.
BRICS last mile delivery
market was valued at USD 6.40 billion in 2020 and is expected to reach USD 11.2
billion in 2027, with a CAGR of 8.55% during the forecast period. The booming
e-commerce industry in BRICS countries is witnessing high growth rates. Last mile
delivery is an entire ecosystem that brings a variety of goods to consumers’
doorsteps and the final stage in the network of the courier, express, and
parcel companies (CEP). The focus of Last-mile delivery logistics is to deliver
products to the end user as fast as possible. This has been driven by the
continuously growing market and demand for a well-situated customer experience
across industries such as retail, e-commerce, food, and others. Last mile
delivery logistics allow shippers to deliver more products to consumers
cost-effectively and earlier.
The rise of new methods
of retailing, such as omnichannel retailing, and technological developments are
some of the factors boosting the market growth. The coronavirus pandemic made
e-commerce more critical to retailers’ business models than ever. Retailers
started responding with novel omnichannel services such as curbside pickup,
contactless returns, and AI-powered personalized experiences. At the same time,
omnichannel retailers have been accelerating their move to the cloud. The
integration of advanced technologies into existing systems and the rising
demand for just-in-time delivery are expected to propel the demand for last
mile delivery in BRICS countries. This emergence of modern technology enables
greater efficiency and an effective operating model is expected to escalate the
growth of the last mile delivery market. Furthermore, the increasing adoption
of advanced technology and autonomous vehicles is anticipated to increase
market growth in the forecast period. However, customer nuances, shortage of
local delivery resources for last mile delivery, and poor infrastructure in
developing countries hinder the growth of the last mile delivery market.
Moreover, companies in the last mile logistics space have started exploring
machine learning and artificial intelligence to optimize their delivery routes
to reduce transportation costs while meeting customer expectations. In BRICS
countries, India had the highest total of confirmed cases of Covid-19, followed
by Brazil, Russia, and South Africa, while China had the lowest figure. BRICS
countries are largely affected by the pandemic which negatively impacted the
last mile market at the beginning. Nevertheless, COVID-19 also accelerated the
use of intelligent technology, delivery by driverless cars, drones, robots, and
AI in the last mile delivery operations. The use of sensors to track
temperature-sensitive items such as pharmaceutical products, frozen foods, or
alcoholic beverage manufacturers was also witnessed in the pandemic period.
Geographically, China holds the largest market share in the BRICS last mile delivery market. E-commerce is becoming fundamental with growing internet and smartphone penetration, which is the primary driver for the development of the Last-mile delivery market in China. Furthermore, the growth of new methods of retailing, such as omnichannel retailing, and technological developments are some of the factors increasing the market growth in India.
The report on the BRICS last mile delivery market covers segments such as service type, vehicle type, and end user application. On the basis of service type, the sub-markets include business-to-business (b2b), business-to-consumer (b2c), and customer-to-customer (c2c). On the basis of vehicle type, the sub-markets include motorcycle, light commercial vehicle, heavy commercial vehicle, drones, and autonomous vehicle. On the basis of end user application, the sub-markets include retailers, groceries, food and beverage, postal service, and healthcare & pharmacy.
The report provides profiles of the companies in the market such as SF Express (Group) Co. Ltd, Cainiao Logistics, ZTO Express (Cayman) Inc., Shanghai Yuantong Express Co. Ltd/YTO Express, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the last mile delivery
market. Moreover, the study highlights current market trends and provides
forecasts from 2021-2027. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.