Last Mile Delivery Market in North America 2024-2028

The last mile delivery market in North America is forecasted to grow by USD 18.78 bn during 2023-2028, accelerating at a CAGR of 4.93% during the forecast period. The report on the last mile delivery market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing B2C e-commerce industry in the US, premiumization of goods and merchandise delivery, and increased online shopping preference.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.53%
CAGR	4.93%
Incremental Value	$18.78bn

Technavio's last mile delivery market in North America is segmented as below:

By Product

By Vehicle Type

Large OEMs
Custom vehicle OEMs

This study identifies the strong focus on technological advances as one of the prime reasons driving the last mile delivery market in North America growth during the next few years. Also, strong focus on offering services to specific end-user segments and growing integration of last mile delivery models with courier, express, and parcel companies will lead to sizable demand in the market.

The report on the last mile delivery market in North America covers the following areas:

Last mile delivery market in North America sizing
Last mile delivery market in North America forecast
Last mile delivery market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading last mile delivery market in North America vendors that include ArcBest Corp., Averitt Express Inc., AxleHire, C H Robinson Worldwide Inc., CMA CGM SA Group, CRST The Transportation Solution Inc., DDC Logistics Inc., Deutsche Bahn AG, DSV AS, FarEye Technologies Inc., FedEx Corp., GEODIS, J B Hunt Transport Services Inc., Llama Logisol Pvt. Ltd., Ryder System Inc., SEKO Logistics, SF Express Co. Ltd., Washington Express LLC, Werner Enterprises Inc., XPO Inc., and JungleWorks Inc.. Also, the last mile delivery market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR46588

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

4.1 Last mile delivery market in North America 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on last mile delivery market in north America 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Vehicle Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 29: Chart on Product - Market share 2023-2028 (%)
Exhibit 30: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 31: Chart on Comparison by Product
Exhibit 32: Data Table on Comparison by Product
6.3 B2C - Market size and forecast 2023-2028
Exhibit 33: Chart on B2C - Market size and forecast 2023-2028 ($ billion)
Exhibit 34: Data Table on B2C - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Chart on B2C - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on B2C - Year-over-year growth 2023-2028 (%)
6.4 B2B - Market size and forecast 2023-2028
Exhibit 37: Chart on B2B - Market size and forecast 2023-2028 ($ billion)
Exhibit 38: Data Table on B2B - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Chart on B2B - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on B2B - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 41: Market opportunity by Product ($ billion)
Exhibit 42: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Vehicle Type

7.1 Market segments
Exhibit 43: Chart on Vehicle Type - Market share 2023-2028 (%)
Exhibit 44: Data Table on Vehicle Type - Market share 2023-2028 (%)
7.2 Comparison by Vehicle Type
Exhibit 45: Chart on Comparison by Vehicle Type
Exhibit 46: Data Table on Comparison by Vehicle Type
7.3 Large OEMs - Market size and forecast 2023-2028
Exhibit 47: Chart on Large OEMs - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Data Table on Large OEMs - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Chart on Large OEMs - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Large OEMs - Year-over-year growth 2023-2028 (%)
7.4 Custom vehicle OEMs - Market size and forecast 2023-2028
Exhibit 51: Chart on Custom vehicle OEMs - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Data Table on Custom vehicle OEMs - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Chart on Custom vehicle OEMs - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Custom vehicle OEMs - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Vehicle Type
Exhibit 55: Market opportunity by Vehicle Type ($ billion)
Exhibit 56: Data Table on Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 60: Chart on Geographic comparison
Exhibit 61: Data Table on Geographic comparison
9.3 US - Market size and forecast 2023-2028
Exhibit 62: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2023-2028 (%)
9.4 Canada - Market size and forecast 2023-2028
Exhibit 66: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 67: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.5 Mexico - Market size and forecast 2023-2028
Exhibit 70: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 71: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
9.6 Market opportunity By Geographical Landscape
Exhibit 74: Market opportunity By Geographical Landscape ($ billion)
Exhibit 75: Data Table on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 76: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 78: Overview on factors of disruption
11.4 Industry risks
Exhibit 79: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 80: Vendors covered
12.2 Market positioning of vendors
Exhibit 81: Matrix on vendor position and classification
12.3 ArcBest Corp.
Exhibit 82: ArcBest Corp. - Overview
Exhibit 83: ArcBest Corp. - Business segments
Exhibit 84: ArcBest Corp. - Key offerings
Exhibit 85: ArcBest Corp. - Segment focus
12.4 AxleHire
Exhibit 86: AxleHire - Overview
Exhibit 87: AxleHire - Product / Service
Exhibit 88: AxleHire - Key offerings
12.5 C H Robinson Worldwide Inc.
Exhibit 89: C H Robinson Worldwide Inc. - Overview
Exhibit 90: C H Robinson Worldwide Inc. - Business segments
Exhibit 91: C H Robinson Worldwide Inc. - Key news
Exhibit 92: C H Robinson Worldwide Inc. - Key offerings
Exhibit 93: C H Robinson Worldwide Inc. - Segment focus
12.6 CRST The Transportation Solution Inc.
Exhibit 94: CRST The Transportation Solution Inc. - Overview
Exhibit 95: CRST The Transportation Solution Inc. - Product / Service
Exhibit 96: CRST The Transportation Solution Inc. - Key offerings
12.7 Deutsche Bahn AG
Exhibit 97: Deutsche Bahn AG - Overview
Exhibit 98: Deutsche Bahn AG - Business segments
Exhibit 99: Deutsche Bahn AG - Key offerings
Exhibit 100: Deutsche Bahn AG - Segment focus
12.8 DSV AS
Exhibit 101: DSV AS - Overview
Exhibit 102: DSV AS - Business segments
Exhibit 103: DSV AS - Key offerings
Exhibit 104: DSV AS - Segment focus
12.9 FedEx Corp.
Exhibit 105: FedEx Corp. - Overview
Exhibit 106: FedEx Corp. - Business segments
Exhibit 107: FedEx Corp. - Key offerings
Exhibit 108: FedEx Corp. - Segment focus
12.10 GEODIS
Exhibit 109: GEODIS - Overview
Exhibit 110: GEODIS - Product / Service
Exhibit 111: GEODIS - Key offerings
12.11 J B Hunt Transport Services Inc.
Exhibit 112: J B Hunt Transport Services Inc. - Overview
Exhibit 113: J B Hunt Transport Services Inc. - Business segments
Exhibit 114: J B Hunt Transport Services Inc. - Key offerings
Exhibit 115: J B Hunt Transport Services Inc. - Segment focus
12.12 JungleWorks Inc.
Exhibit 116: JungleWorks Inc. - Overview
Exhibit 117: JungleWorks Inc. - Product / Service
Exhibit 118: JungleWorks Inc. - Key offerings
12.13 Llama Logisol Pvt. Ltd.
Exhibit 119: Llama Logisol Pvt. Ltd. - Overview
Exhibit 120: Llama Logisol Pvt. Ltd. - Product / Service
Exhibit 121: Llama Logisol Pvt. Ltd. - Key offerings
12.14 Ryder System Inc.
Exhibit 122: Ryder System Inc. - Overview
Exhibit 123: Ryder System Inc. - Business segments
Exhibit 124: Ryder System Inc. - Key news
Exhibit 125: Ryder System Inc. - Key offerings
Exhibit 126: Ryder System Inc. - Segment focus
12.15 SF Express Co. Ltd.
Exhibit 127: SF Express Co. Ltd. - Overview
Exhibit 128: SF Express Co. Ltd. - Business segments
Exhibit 129: SF Express Co. Ltd. - Key offerings
Exhibit 130: SF Express Co. Ltd. - Segment focus
12.16 Werner Enterprises Inc.
Exhibit 131: Werner Enterprises Inc. - Overview
Exhibit 132: Werner Enterprises Inc. - Business segments
Exhibit 133: Werner Enterprises Inc. - Key offerings
Exhibit 134: Werner Enterprises Inc. - Segment focus
12.17 XPO Inc.
Exhibit 135: XPO Inc. - Overview
Exhibit 136: XPO Inc. - Business segments
Exhibit 137: XPO Inc. - Key offerings
Exhibit 138: XPO Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 139: Inclusions checklist
Exhibit 140: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 141: Currency conversion rates for US$
13.4 Research methodology
Exhibit 142: Research methodology
Exhibit 143: Validation techniques employed for market sizing
Exhibit 144: Information sources
13.5 List of abbreviations
Exhibit 145: List of abbreviations