Global Temperature Sensitive Last Mile Delivery Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
In supply chain management and transportation planning, last mile delivery refers to the last mile of the transportation of goods from the transportation hub to the final destination. Temperature Sensitive Last Mile Delivery refers to the last-mile delivery of temperature-sensitive products such as temperature-sensitive medicines and cold chain foods.
Market Overview:The latest research study on the global Temperature Sensitive Last Mile Delivery market finds that the global Temperature Sensitive Last Mile Delivery market reached a value of USD 32586.04 million in 2023. It’s expected that the market will achieve USD 69926.18 million by 2029, exhibiting a CAGR of 13.57% during the forecast period.
Market Drivers
Development of Temperature Monitoring and Control Technology
Real-time temperature monitoring is critical during the last mile delivery process. The integration of advanced technologies, such as IoT-enabled sensors and data loggers, allows for accurate, continuous temperature tracking throughout the transport process. These cutting-edge devices are able to detect even slight temperature deviations and send timely alerts and notifications. This proactive approach allows immediate action to reduce the risk of product damage due to temperature fluctuations. By leveraging real-time temperature monitoring, stakeholders can effectively mitigate potential risks and ensure the integrity of temperature-sensitive products during last-mile delivery. For example, the cold chain temperature real-time monitoring system uses RFID cold chain temperature tags. The system uses advanced RFID tag technology to record temperature changes on RFID tags with temperature sensors for real-time monitoring, recording, analysis, and decision-making. Then The radio is transmitted to the computer, and then the data is analyzed and output by professional software. Therefore, the development of temperature monitoring and control technology is actively driving the market growth.
Market Top Trends
Optimizing Packaging for Last Mile Delivery
Ensuring temperature stability over the last mile is critical, and innovative packaging solutions play a vital role in making this a reality. Specially designed thermal insulation containers, heat preservation bags, and phase change materials can effectively shield temperature-sensitive products from external temperature changes. By creating a controlled environment, these packaging solutions protect product integrity and efficacy from environmental conditions. By utilizing these innovative packaging solutions, last-mile delivery processes can confidently maintain the temperature stability required for temperature-sensitive products. Optimizing product packaging for last-mile delivery is one of the growing trends in the Temperature Sensitive Last Mile Delivery industry.
Region Overview:In 2022, the share of the Temperature Sensitive Last Mile Delivery market in Europe stood at 23.24%.
Company Overview:United Parcel Service
United Parcel Service is an American multinational shipping, receiving, and supply chain management company founded in 1907. Originally known as the American courier company specializing in the telegraph business, UPS has grown into a Fortune 500 company and one of the largest shipping express companies in the world. Today, UPS is primarily known for its ground shipping service, as well as the UPS Store, a retail chain that facilitates UPS shipments and provides tools for small businesses. In addition, UPS offers air freight overnight or two-day delivery to PO Boxes with UPS Mail Innovations and UPS SurePost, which deliver packages to the US Postal Service for last-mile delivery. UPS spends $1 billion a year on technology to help customers streamline shipping and freight handling to improve efficiency and save a lot of money. Ware2Go, a digital platform designed to provide efficient warehousing for small and medium-sized businesses, matches available warehouse space and fulfillment services with merchants who need to quickly deliver online orders to customers WorldShip® shipping software, shipping software integrated into business system, can help clients handle parcel, less-than-truckload and air freight with ease and with fewer errors. Available in 20 languages and over 140 countries of origin.
FedEx
FedEx Corporation connects people and possibility through a global portfolio of shipping, transportation, e-commerce and business services. Delivering integrated business applications through collaboratively managed operating companies, working together to deliver exceptional customer service, leveraging the expertise and reliability that the FedEx brand stands for.
United Parcel Service is one of the major players operating in the Temperature Sensitive Last Mile Delivery market, holding a share of 2.17% in 2023.
Segmentation Overview:By type, Subscription-based segment accounted for the largest share of market in 2022.
Application Overview:By application, the Grocery segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Temperature Sensitive Last Mile Delivery market covered in Chapter 3:UPS
FedEx Corporation
Sagawa Express
Yelloh
Lineage Logistics
Nichirei Logistics Group
DHL
Yamato Transport
JD Logistics
DSV
Kerry Logistics
Rokin Logistics
Americold Logistics
SF International
ZTO
In Chapter 4 and Chapter 14.2, on the basis of types, the Temperature Sensitive Last Mile Delivery market from 2019 to 2030 is primarily split into:One-time Payment
Subscription-based
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Temperature Sensitive Last Mile Delivery market from 2019 to 2030 covers:Grocery
Medical Products
Meal Service
Alcohols
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)