The global last mile delivery market size was valued at USD 132.71 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030. Key drivers propelling the market growth include rising consumer expectations for same-day or next-day deliveries, the imperative for real-time tracking and visibility, the ascent of on-demand services, and the challenges posed by urban congestion and sustainability considerations. The concept pertains to the final phase of the logistics process, involving transporting goods from a distribution center or local hub to the ultimate destination, typically the customer's doorstep or a retail store.

Technology Insights

The non-autonomous segment led the market and accounted for around 98.0% share of the global revenue in 2022. In terms of technology, the market is bifurcated into autonomous & non-autonomous. Non-autonomous technology has witnessed substantial adoption in the market, which is attributed to several notable factors. Despite the considerable attention garnered by autonomous delivery technologies such as drones and self-driving vehicles, non-autonomous methods dominate the last-mile delivery landscape. This prominence can be attributed to the cost-effectiveness, adaptability, flexibility, and other favorable attributes of non-autonomous last-mile solutions.

Delivery became quick and last mile delivery is not a dream now majorly because of logistics infrastructure and technological developments such as logistics management software, robotics, artificial intelligence, the Internet of Things, and real time information systems.