Last Mile Delivery Market Size Worth $364.17 Billion by 2034 | CAGR: 8.9%

The last mile delivery market size is expected to reach USD 364.17 billion by 2034, according to a new study by Polaris Market Research. The report “Last Mile Delivery Market Size, Share, Trends, Industry Analysis Report: By Service Type (B2C, B2B, and C2C), Technology, Application, Delivery Time, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The last mile delivery market growth is driven by the rising penetration of e-commerce, increasing consumer demand for faster and more convenient delivery options, and advancements in technology. Key drivers of market growth include the shift toward same-day and on-demand delivery services, as well as the need for businesses to enhance customer experience through faster, reliable deliveries. Surging adoption of sustainable solutions, such as electric vehicles and drones, to reduce costs and meet environmental goals is expected to create lucrative last mile delivery market opportunities.

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Trends such as route optimization software, autonomous vehicles, and the growth of localized fulfillment centers are shaping the market's future. As companies strive to meet evolving consumer expectations and adapt to changing regulations, the market is expected to continue expanding, with innovation and efficiency being key drivers of its growth.

Last Mile Delivery Market Report Highlights:

• Based on service type, the B2C segment holds the largest share of the last mile delivery market revenue, driven by the booming e-commerce industry and rising consumer expectations for faster delivery. However, the C2C segment is experiencing the highest growth rate due to the popularity of peer-to-peer delivery platforms and on-demand services.
• By technology, the non-autonomous vehicles segment dominates the last mile delivery market share as they remain the most reliable and widely used for last-mile delivery. However, autonomous vehicles are growing the fastest as companies invest in automation to reduce costs and improve delivery efficiency.
• The e-commerce segment, by application, leads the market due to the rapid growth of online shopping and the increasing demand for faster, more reliable deliveries.
• The same-day delivery segment, based on delivery time, is the fastest-growing segment, driven by consumer demand for immediate gratification and the increasing adoption of technologies to meet fast delivery expectations. The regular delivery segment continues to hold a significant share.
• North America dominates the market due to its well-established logistics infrastructure and high e-commerce penetration. Asia Pacific is the fastest-growing region, fueled by rapid urbanization, increasing internet penetration, and rising e-commerce penetration across countries such as China and India.

Polaris Market Research has segmented the last mile delivery market report on the basis of technology, service type, application, delivery time, and region:

By Service Type Outlook (Revenue – USD Billion, 2020–2034)

• B2C
• B2B
• C2C

By Technology Outlook (Revenue – USD Billion, 2020–2034)

• Autonomous Vehicles
• Non-Autonomous Vehicles
• Drones

By Application Outlook (Revenue – USD Billion, 2020–2034)

• E-commerce
• FMCG
• Others

By Delivery Time Outlook (Revenue – USD Billion, 2020–2034)

• Regular
• Same-Day

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Last Mile Delivery Market Report Scope