North America Last Mile Delivery Market Growth Accelerates to 16.48% CAGR – B2C Segment to Create Maximum Growth Opportunities – Yahoo Finance | Region & Cash

NEW YORK, July 27, 2022 /PRNewswire/ — The “Last Mile Delivery Market in North America of Service and Geography – Forecast and Analysis 2022-2026‘ report by Technavio anticipates market growth $74.36 billion between 2021 and 2026 with a CAGR of 16.48% over the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, key revenue-generating segments, and market behavior across all regions. Download a PDF sample report here

Technavio has announced its latest market research report, Last Mile Delivery Market in North America by Service and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report, Last Mile Delivery Market in North America by Service and Geography – Forecast and Analysis 2022-2026

The last mile delivery market in North America is fragmented as many players operate at national and regional levels within the market. Major vendors account for a significant portion of total market revenue. New providers are planning to enter the market due to growing consumer demand for last-mile services, particularly in the US. Suppliers face challenges in maintaining margins due to the entry of a large number of players, which has resulted in a decline in the profit margins of many last-mile delivery providers. To address such challenges, vendors offer industry-specific last-mile services and leverage big data technologies to improve delivery efficiency. Some providers focus on instant and next-day deliveries as many people are willing to pay a higher price for such services. Therefore, in order to survive and thrive in such a competitive environment, it is imperative for vendors to differentiate their product offerings with clear and unique value propositions.

The growing B2C e-commerce industry in the US has been instrumental in the growth of the market. However, operational challenges for last-mile delivery companies could hamper the growth of market participants. Market providers must also capitalize on existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. ArcBest Corp., Averitt Express Inc., AxleHire Inc., CH Robinson Worldwide Inc., CMA CGM Group, CRST International Inc., DDC Logistics Inc., Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., GEODIS, JB Hunt Transport Services Inc., Kerry Logistics Network Ltd., Ryder System Inc., SEKO Logistics, United States Postal Service, Washington Express LLC, Werner Enterprises Inc., and XPO Logistics Inc. are among the major players in the market. Request a sample report here

The last mile delivery market in North America is segmented as follows:

After services, the B2C segment accounted for the largest market share in 2021. The launch of new services by couriers to meet customers’ specific needs is driving the segment’s growth. Furthermore, increased investments in big data and consumer analytics to improve delivery times and improve consumer experience are expected to positively impact the growth of the segment over the forecast period.

The US is the key market for last mile delivery services North America. Technavio presents a detailed picture of the market by examining, synthesizing and aggregating data from multiple sources. North America Last Mile Delivery Market report covers the following areas:

Last Mile Delivery Market in North America 2022-2026: Key Highlights

  • CAGR of the market over the forecast period 2022-2026

  • Detailed information on factors supporting the growth of the Last Mile Delivery market North America during the next five years

  • Estimation of the market size for last mile delivery in North America and its contribution to the mother market

  • Predictions about upcoming trends and changes in consumer behavior

  • Last mile delivery market growth in North America

  • Analysis of the competitive landscape of the market and detailed information about vendors

  • Comprehensive details of factors disrupting the growth of the vendors in the Last Mile Delivery market North America

Related reports:

Last Mile Delivery Market in North American Scope

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 16.48%

Market growth 2022-2026

$74.36 billion

market structure

fragmented

YoY Growth (%)

15.65

Regional Analysis

North America

make a market contribution

North America at 100%

Important consumer countries

USA, Canada and Mexico

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

ArcBest Corp., Averitt Express Inc., AxleHire Inc., CH Robinson Worldwide Inc., CMA CGM Group, CRST International Inc., DDC Logistics Inc., Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., GEODIS, JB Hunt Transport Services Inc., Kerry Logistics Network Ltd., Ryder System Inc., SEKO Logistics, United States Postal Service, Washington Express LLC, Werner Enterprises Inc. and XPO Logistics Inc.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Service

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

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SOURCE Technavio

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