PUBLISHER: The Business Research Company | PRODUCT CODE: 1507996
PUBLISHER: The Business Research Company | PRODUCT CODE: 1507996
Autonomous Last Mile Delivery Global Market Opportunities And Strategies To 2033
Autonomous last mile delivery refers to the use of unmanned vehicles or robotic systems to deliver goods or services to a final destination, which is typically the end customer's location. This technology is pivotal in streamlining the distribution chain, especially the last segment of the delivery process.
The autonomous last mile delivery market consists of sales, by entities (organizations, sole traders or partnerships), of autonomous last mile delivery solutions (hardware, software and services) that are employed by various sectors such as e-commerce, food services, healthcare and logistics companies to enhance delivery efficiency, reduce delivery times and lower costs while minimizing human involvement.
The global autonomous last mile delivery market was valued at $2,726.51 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 51.0%.
Expansion Of Food And Grocery Delivery Start-Ups
The expansion of food and grocery delivery start-ups supported the growth of the autonomous last mile delivery market during the historic period. Driven by consumer demand for convenience, startups spurred the demand for efficient delivery services. Seeking operational optimization and faster delivery, they embraced autonomous last-mile solutions. Leveraging this technology, startups enhanced delivery capabilities, reduced costs and scaled operations effectively. For instance, in December 2022, according to a survey by Adjust.com, a Germany-based marketing company, the average American places approximately 55 food delivery orders annually, averaging once per week, with a total expenditure of nearly $1,850. North America experienced substantial growth in food delivery app sessions in 2021, with a year-over-year increase of 77%, followed by another 20% increase in 2022. Similarly, in Europe, Middle East and Africa (EMEA), sessions of food delivery apps grew by 48% from 2020 to 2021 and by 3% from 2021 to October 2022. Additionally, in April 2022, according to a report from Acosta, Inc., a US-based sales and marketing agency, 45% of customers preferred online grocery shopping over physical stores. The online grocery delivery trend experienced a significant surge during the peak of COVID-19, accounting for 10% to 15% of total grocery sales. In the U.S., online grocery sales reached nearly $90 billion in 2020, marking a growth of over $30 billion. Therefore, the expansion of food and grocery delivery start-ups drove the growth of the market.
Launch Of New AI Platforms Designed To Automate Last-Mile Delivery
Major companies are focusing on the launch of new artificial intelligence (AI) platforms to automate last-mile delivery, enhancing efficiency and reducing costs. Key features of these platforms include route optimization, real-time tracking, predictive analytics, integration with autonomous vehicles, customer communication, load management and dynamic adjustments based on real-time conditions. For example, in February 2022, Walmart Inc., a US-based multinational retail corporation, built a tech platform that powers its last-mile delivery ecosystem. Walmart responded to a surge in delivery orders by focusing on last-mile innovation and introducing a new proprietary technology platform. The platform leverages automation and machine learning to convert countless factors into actionable data. By utilizing artificial intelligence (AI), it continuously learns and enhances its performance.
The global autonomous last mile delivery market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 26.93% of the total market in 2022.
Autonomous Last Mile Delivery Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global autonomous last mile delivery market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
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- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
The report covers the following chapters
Markets Covered:
Table of Contents
1 Executive Summary
- 1.1 Autonomous Last Mile Delivery - Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Autonomous Last Mile Delivery Market Definition And Segmentations
- 6.4 Market Segmentation By Vehicle Type
7 Major Market Trends
8 Autonomous Last Mile Delivery Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Autonomous Last Mile Delivery Market Segmentation
11 Autonomous Last Mile Delivery Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape And Company Profiles
20 Competitive Benchmarking
21 Competitive Dashboard
22 Key Mergers And Acquisitions
23 Opportunities And Strategies
24 Autonomous Last Mile Delivery Market, Conclusions And Recommendations
25 Appendix
