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Europe Last Mile Delivery Market
No. of Pages: 161 | Report Code: TIPRE00006269 | Category: Automotive and Transportation
No. of Pages: 161 | Report Code: TIPRE00006269 | Category: Automotive and Transportation
Last mile delivery market in Europe is expected to grow from US$ 677.0 Mn in 2018 to US$ 2,491.8 Mn by the year 2027 with a CAGR of 16.1% from the year 2019 to 2027.
The adoption of automated technologies into logistics services and rising demand for value-added services and adequate last mile deliveries are the key factors driving the growth of the last mile delivery market. Moreover, the rapid growth of the e-commerce sector, owing to the increase in smartphones and internet penetration is anticipated to boost the last mile delivery market growth in the near future. Automation is highly potential to raise the efficiency level in logistics services also. With continuous advancements in technologies, utilization of parcel locker, parcel box, drones, robotics, and smart door lock are the dominant technologies. At present, packages/parcels can be transported through drones or stand-alone vehicles, due to automated technologies develop to make package delivery convenient and quick. About the fact, deliveries get affected by the cost of labor, shifts, and availability. However, delivery through robotics is capable of addressing all challenges faced during the traditional method of shipments as these robotics ensures parcel delivery within a day. Such integration of technologies into logistics services, assist the logistics companies in delivering every consumer’s packages on time and securely.
The last mile delivery market by application is led by fresh products in the year 2018 and is anticipated to continue its dominance during the forecast period. The food industry is growing at a rapid pace year-on-year driven by rising demand for processed and perishable goods. The food industry’s potential is very high and gives ample opportunities to the logistics industries. Last mile delivery is the final process in the logistics industry, which plays a significant role in the food industry. Use of special containers to maintain temperature for fresh products is an essential part. Therefore, providers of last mile services ensure proper storage and distribution of these food items to its destination center by using all appropriate containers. And these players also use an advanced platform which gives users access to have a check on the entire delivery process.
Germany dominated the last mile delivery market in 2018 with the second highest market share and is expected to dominate the market with the highest share in the Europe region through the forecast period. Germany is the major trading partner of most economies in Western Europe, which translates into a surge in export production. 18 out of 33 Machinery & Equipment leaders globally comprises manufacturing plant & machinery from Germany. The country is highly industrialized, and leading industries include chemical, automotive, electronics, as well as the food & beverage industry. The figure given below highlights the revenue share of the rest of Europe in the last mile delivery market in the forecast period:
Strategic insights for the Europe Last Mile Delivery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Last Mile Delivery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Last Mile Delivery Strategic Insights
Europe Last Mile Delivery Report Scope
Report Attribute
Details
Market size in 2018
US$ 677.0 Million
Market Size by 2027
US$ 2,491.8 Million
Global CAGR (2019 - 2027)
16.1%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Technology
By Type
By Application
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Last Mile Delivery Regional Insights
EUROPE LAST MILE DELIVERY MARKET SEGMENTATION
By Technology
By Type
By Application
By Country
Last Mile Delivery Market - Companies Mentioned
The List of Companies
The Europe Last Mile Delivery Market is valued at US$ 677.0 Million in 2018, it is projected to reach US$ 2,491.8 Million by 2027.
As per our report Europe Last Mile Delivery Market, the market size is valued at US$ 677.0 Million in 2018, projecting it to reach US$ 2,491.8 Million by 2027. This translates to a CAGR of approximately 16.1% during the forecast period.
The Europe Last Mile Delivery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Last Mile Delivery Market report:
The Europe Last Mile Delivery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Last Mile Delivery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Last Mile Delivery Market value chain can benefit from the information contained in a comprehensive market report.