Growth of e-commerce and internet have been identified as major catalysts driving the global last mile delivery market. Instant delivery demand and same-day delivery also expected boost the global market as companies aim towards efficiency and accuracy.
Global last mile delivery market is likely to touch US$ 720.9 Bn by 2025.
Last mile delivery demand is growing substantially in the Asia Pacific and North American regions due to increased sales via e-commerce and online retail platforms.
Nearly 35% market share has been retained by major players with diversified business segments.
Fairfield Market Research projects the global last mile delivery market is likely to grow at a CAGR of 16.65% by 2025.
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