Last Mile Delivery Transportation Market Counting healthy CAGR 10.31% With US$ 477.27 Bn Up to 2031


According to the report, the global last mile delivery transportation market is projected to reach US$ 477.27 Bn by 2031, expanding at a CAGR of 10.31% during the forecast period. The transportation of goods from a distribution hub to the final delivery destination, which is the end user of the product, is termed as last mile delivery transportation or last mile logistics. It is generally the transportation of goods over short geographical distance; however, it is the most vital component of the logistics process. Rise in penetration of Internet connectivity in urban as well as rural areas coupled with increase in purchasing power is driving the last mile delivery transportation market across the globe. Increase in demand for faster and cleaner deliveries and novel transportation technologies are anticipated to gain foothold in the last mile delivery transportation market.


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