PUBLISHER: The Business Research Company | PRODUCT CODE: 1392503
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392503
“Autonomous Last Mile Delivery Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on autonomous last mile delivery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for autonomous last mile delivery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The autonomous last mile delivery market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Autonomous last-mile delivery refers to the final phase of the delivery process, where cargo is transported from a transportation hub to its ultimate destination, often utilizing drones or autonomous vehicles. This innovative solution is employed by various retailers and logistics companies to efficiently deliver heavy, medium, or lightweight cargo, minimizing both delivery time and overall supply-chain costs.
The primary vehicle types for autonomous last-mile delivery include aerial delivery drones, ground delivery bots, self-driving trucks, and vans. Delivery drones, categorized as unmanned aerial vehicles (UAVs), are utilized to transport items to customers in the final leg of delivery. These drones canbe further classified into fixed-wing, rotary-wing, and hybrid types, and various solutions are offered, including hardware, software, and services. Additionally, the ranges of delivery drones can be short or long, catering to different delivery needs. Autonomous last-mile delivery finds applications across diverse sectors, including logistics, healthcare and pharmaceuticals, food and beverages, retail, and various other domains.
The autonomous last mile delivery market research report is one of a series of new reports from The Business Research Company that provides autonomous last mile delivery market statistics, including autonomous last mile delivery industry global market size, regional shares, competitors with a autonomous last mile delivery market share, detailed autonomous last mile delivery market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous last mile delivery industry. This autonomous last mile delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The autonomous last mile delivery market size has grown exponentially in recent years. It will grow from $23. 35 billion in 2023 to $30. 11 billion in 2024 at a compound annual growth rate (CAGR) of 28. 9%. The growth observed in the historical period can be attributed to several factors. These include the expansion of e-commerce, heightened traffic congestion, investments in infrastructure, the imperative for cost reduction, and prevailing urbanization trends. These elements collectively contributed to the development and increased adoption of autonomous last-mile delivery solutions during the specified historic period.
The autonomous last mile delivery market size is expected to see exponential growth in the next few years. It will grow to $83. 37 billion in 2028 at a compound annual growth rate (CAGR) of 29. 0%. The anticipated growth in the forecast period can be attributed to several key factors. These include the increasing demand for contactless deliveries, a heightened focus on safety and reliability in delivery operations, challenges in last-mile healthcare logistics, the importance of data security and privacy measures, and the growing preference for contactless and touch-free delivery solutions. Notable trends expected in the forecast period encompass the expansion of drone delivery services, the use of autonomous vehicles for urban deliveries, a greater emphasis on sustainability with the adoption of electric vehicles, increased collaborations and partnerships within the industry, the development of solutions for rural and remote area deliveries, enhanced security features in delivery processes, and ongoing technological innovations in navigation systems. These trends are poised to significantly impact and shape the trajectory of the autonomous last-mile delivery market in the forecast period.
The expansion of the autonomous last-mile delivery sector is poised to parallel the growth of the e-commerce industry. E-commerce, involving online transactions emphasizing swift and punctual deliveries, caters to the increasing customer preference for same-day services. Factors like labor shortages, disruptive events such as pandemics, and supply chain interruptions have steered consumers toward online shopping through e-commerce platforms. Drones and self-operating vehicles have become pivotal in the final phase of delivering parcels and couriers directly to consumers' doorsteps sans human involvement. For instance, India Brand Equity Foundation estimates the Indian e-commerce sector to reach $111. 4 billion by 2025, underscoring the driving force of the escalating e-commerce industry on the autonomous last-mile delivery market.
The surge in demand for rapid delivery services is expected to drive the expansion of the autonomous last-mile delivery sector. Swift delivery denotes the prompt and efficient movement of goods or services to customers within short timeframes. In response, autonomous last-mile delivery employs self-driving vehicles or drones to expedite the ultimate leg of the delivery process, ensuring swift and efficient customer deliveries. For example, a survey by Stuart in March 2023 revealed customer inclinations that 38% sought faster delivery times, 30% desired more precise delivery time slots, and 26% anticipated advanced tracking services. Hence, the escalating demand for swift deliveries will significantly contribute to the growth of the autonomous last-mile delivery market.
Technological advancements are pivotal in shaping the autonomous last-mile delivery market. Companies developing solutions for autonomous last-mile delivery are heavily investing in cutting-edge technologies to provide enhanced products and services. For instance, Cleveron unveiled the Cleveron 701 in April 2021, a semi-autonomous delivery vehicle customizable to cater to diverse delivery needs. The vehicle's adaptability allows it to function as a supermarket delivery robot equipped with temperature-controlled compartments, a mail delivery vehicle, or even a sophisticated coffee or ice cream truck. This innovation aids businesses in meeting the escalating demand for same-day deliveries spurred by the rapid growth of e-commerce and evolving retail landscapes.
Prominent players within the autonomous last-mile delivery sector are strategically forming partnerships to deliver seamless and dependable solutions by leveraging cutting-edge automation and technology. Strategic partnerships involve companies pooling their strengths and resources for mutual benefits and success. An illustration of this strategy is evident in the collaboration between Uber Technologies Inc., a US-based technology firm, and Nuro Inc., another US-based technology company, announced in September 2022. This collaboration aims to explore unmanned vehicle-based food delivery in various U. S. regions while extending partnerships with firms specializing in self-driving robots.
In May 2023, Capstone Logistics, LLC, a leading provider of end-to-end supply chain solutions based in the US, completed the acquisition of Rapid Response Delivery for an undisclosed sum. This strategic acquisition positions Capstone Logistics LLC to expand its customer base and enhance its service portfolio, particularly in the last-mile delivery segment. Capstone Logistics offers a wide array of transportation management, last-mile delivery solutions, and warehouse services. Rapid Response Delivery, based in the US, specializes in final-mile delivery services across the mid-Atlantic region.
Major companies operating in the in the autonomous last mile delivery market report are Amazon com Inc.,DHL Group,Geopost,Drone Delivery Canada Corp.,Flirtey Inc.,Flytrex Inc., JD com Inc.,Caterpillar Inc,Matternet Inc.,Relay Robotics, Starship Technologies Inc.,MercuryGate International Inc., Dronescan Ltd.,Edron Business Systems, Nuro Inc.,Unsupervised com Inc., Kiwi Campus Inc., Eliport Inc.,Skycart Inc., Refraction AI Inc., Robby Technologies Inc., Udelv Inc.,Kiwi Campus Inc.,Starship Technologies,Carrypicker GmbH,B-ON GmbH,Blue Dart Express Ltd.,Workhorse Group Inc.,Aeva Technologies Pvt Ltd.,Baidu Inc.
North America was the largest region in the autonomous last-mile delivery market in 2023. The regions covered in the autonomous last mile delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the autonomous last mile delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The autonomous last-mile delivery market includes revenues earned by entities providing on-time delivery services, online ordering services, catering food services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.