Sep 22, 2020 10:00 PM ET
iCrowd Newswire – Sep 22, 2020
The report offers a comprehensive analysis and contains crucial market data. The overview of the Last Mile Logistics market comprises its definition, its key applications, and manufacturing technologies that are used. Besides providing a detailed scope of the report, the overview also provides clarity regarding the market. The report emphasizes on the recent innovations and developments occurring in the Last Mile Logistics market and examines the drivers related to the product’s price margins.
Last mile logistics is defined as final step of delivery process from distribution centre or facility to end user. It is also called as final mile of delivery. Last mile logistics is an excellent opportunity to e-commerce sector to make their services, transparent, faster, and efficient.
Increase in penetration of internet and expansion of e-commerce is the key driving factor which is expected to boost the global last mile logistics market growth. Furthermore, continuous technological advancements in various sectors including automotive, and transpiration will have the positive impact on market growth. Moreover, increase in globalization will also drive the market growth during this forecast period. Additionally, adoption of new technologies, logistic methods, and innovative vehicles will propel the market growth.
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However, increase in cost of operation due to high fuel prices is the major restraining factor which is expected to hinder the global last mile logistics market growth. Also, road congestion in urban areas will affect the market growth.
For a better understanding of the Last Mile Logistics market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.
Market Key Players
Various key players are discussed in this report such as CEVA Logistics AG, DB Schenker, DHL , DSV A/S, FedEx Corporation, GEODIS, Nippon Express Co., Ltd, XPO Logistics, Inc, and United Parcel Service, Inc.
Global Last Mile Logistics Market Segmentation
- Autonomous Vehicles
- Semi-Autonomous vehicles
- Business to Business
- Business to consumer
- 3C Products
- Fresh Products
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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