Aug 05, 2020 (Heraldkeepers) -- The global Last Mile Logistics Market is studied in detail in the new report on Qualiket Research. The new report studies the Last Mile Logistics Market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market's historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.
Last mile logistics is defined as final step of delivery process from distribution center or facility to end user. It is also called as final mile of delivery. Last mile logistics is an excellent opportunity to e-commerce sector to make their services, transparent, faster, and efficient.
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Increase in penetration of internet and expansion of e-commerce is the key driving factor which is expected to boost the global last mile logistics market growth. Furthermore, continuous technological advancements in various sectors including automotive, and transpiration will have the positive impact on market growth. Moreover, increase in globalization will also drive the market growth during this forecast period. Additionally, adoption of new technologies, logistic methods, and innovative vehicles will propel the market growth.
Major competitive strategies employed by key players in the Last Mile Logistics market are elaborated upon in detail, so that readers can get clear idea of what is working in the market and what is likely to bring them sustained success. Along with this, the report also provides the readers with a handy guide to what to avoid in the Last Mile Logistics market and remain free from the major concerns plaguing the market players.
However, increase in cost of operation due to high fuel prices is the major restraining factor which is expected to hinder the global last mile logistics market growth. Also, road congestion in urban areas will affect the market growth.
Market Key Players
Various key players are discussed in this report such as CEVA Logistics AG, DB Schenker, DHL , DSV A/S, FedEx Corporation, GEODIS, Nippon Express Co., Ltd, XPO Logistics, Inc, and United Parcel Service, Inc.
Business to Business
Business to consumer