DUBLIN--(BUSINESS WIRE)--The "UK Last Mile Delivery Market - Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)" report has been added to ResearchAndMarkets.com's offering.
UK last mile delivery market is set to grow from its 2022 revenue of US$18.3 Bn and reach a staggering valuation of US$35.3 Bn by the end of 2029. During this period, the market will showcase a sound CAGR of 9.8%.
The UK last mile delivery market is one of the most competitive and active last mile delivery service infrastructures in the world. Several global players are aiming to leverage this opportunity via strategic partnerships.
Logistics and supply chains have been some of the most complex business processes involving several external touchpoints. This makes the process highly inefficient and risk-prone. Industry leaders are working to overcome these challenges and boost overall efficiency.
Within the logistics domain, the last mile or final mile deliveries are some of the most resource-intensive and complex parts of supply chains. In a transformed post-pandemic business landscape, last mile delivery has emerged as a highly fruitful industry. With the increasing demand for food delivery services, changing consumer behavior, and increasing penetration of e-commerce services, the last mile delivery is projected to gain further traction.
Paced Adoption of e-Commerce Services to Boost UK Last Mile Delivery Market Expansion
The increasing usage of e-commerce services is creating strong demand for last mile delivery services throughout the UK. Several statistical reports suggest the UK has one of the biggest e-commerce industries in the world.
Consumers are actively shopping for fashion, electronics, food, personal care, DIY, and furniture products among others. The stakeholders in these industries are recognizing these opportunities and investing in e-commerce infrastructure to facilitate these demands.
The period of the global pandemic further accelerated the adoption of e-commerce mediums due to their convenience. Besides, the logistics and delivery services industry is growing at an exponential pace. These developments are creating sound growth opportunities for the UK last mile delivery market.
Increasing Internal Migration to Establish London's Dominance
Within the UK last mile delivery market, the London region is attaining the top spot as a major last mile hotspot in the country. The growing internal migrations within the UK is a key factor in this market positioning. The growing prevalence of busy lifestyles is incenting consumers to prefer last mile delivery and e-commerce options.
Moreover, many major market players have also entered the market. Besides London, other key locations include Chelsea and Kensington, Westminster, Elmbridgem South Bucks, Northampton, Ashfield and Staffordshire, Leicester, and Coventry.
Key Market Players
Some of the frontrunning companies currently competing in the UK last mile delivery market include Amazon, UPS, FedEx, DHL, Royal Mail, DPD Group, Yodel, Deliveroo, and CitySprint. These companies are researching and experimenting with different business models and methods to boost cost-competitiveness, convenience, and overall efficiency.
Key Trends in UK Last Mile Delivery Market
- Dry goods are poised to emerge as the largest cargo type segment with a whopping 75.3% revenue share in the market
- In terms of industries, FMCG is leading the charge in the UK last mile delivery market
- The number of consumers in the UK who prefer home delivery and takeaways is increasing at a rapid pace
Market Dynamics
Drivers
- Surge In Online E-commerce Sales Accompanied with Rising Population
- Rising Middle Class Population & GDP Per Capita
- Growing Industrialization, Urbanization and Rising Preference Towards e-tailing
Restraints
- Slower transportation due to congestion, poor infrastructure facilities coupled with accidents or breakdown
Value Chain Analysis
Supply Chain Interpretation
Last Mile Delivery - Technological Roadmap
Impact Analysis - BREXIT
Impact Analysis - Vehicle Electrification
Covid-19 Impact Analysis
Porter's Five Forces Analysis
SWOT Analysis
Competitive Landscape
- Amazon
- FedEx
- DPD Group
- UPS
- International Distributions Services plc
- Deutsche Post DHL
- Yodel
- Evri
- CitySprint (UK) Ltd.
- Kuehne + Nagel International AG
- USPS
- CEVA Logistics
- Deliveroo
For more information about this report visit https://www.researchandmarkets.com/r/p10xcd
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