Last mile delivery, also known as last mile logistics, is the final step of a journey that involves the moving of goods from a transportation hub or warehouse to the ultimate delivery location. Last mile delivery seeks to deliver things to clients as rapidly as feasible while reducing company costs. Last mile delivery accounts for more than half of total shipping costs. It is most commonly utilised in the food, e-commerce, retail, and pharmaceutical industries.

Rapid expansion of e-commerce and online retail - The digital revolution has surely changed the way people purchase in the current day. With the spread of smartphones and high-speed internet connectivity, online shopping has become an extremely convenient choice for customers all over the world. They can browse a wide range of things from the convenience of their own homes and have them delivered right to their doorstep. The shift to e-commerce has significantly raised demand for last-mile delivery services. E-tailers have seen remarkable increase in their business year over year as customers increasingly rely heavily on online platforms for a variety of things, from groceries to gadgets to fashion. To guarantee a flawless delivery experience for clients, they frequently collaborate with logistics companies. Growing middle class, rising wages, expanding digital literacy in developing countries, round-the-clock connectivity, and other demographic and economic variables have all contributed to the explosion of online shopping.

Challenges- The primary challenge facing the sector is the high operational costs associated with last mile deliveries. Last-mile delivery refers to conveying a shipment from warehouses or distribution centres to the final consumer, which incurs significant manpower and transportation costs for logistics organisations. The high costs are contributed to by urban traffic congestion, the necessity for specialised delivery vans and vehicles that require maintenance, and the hiring of delivery personnel, which represent some of the most expensive components. Higher costs per delivery are also caused by issues such as single delivery sites, low cargo density, and return shipments.

The COVID-19 epidemic triggered global lockdowns, halted business activity, and posed economic challenges, but it also presented numerous chances for Australia's last mile delivery market. A shift in consumer purchasing behaviour resulted in an increase in e-commerce retail sales, creating a significant potential for logistics industrialists to drive real and long-term change. COVID-19 fuelled exponential expansion of e-commerce, prompting many smaller shops to use the supply chain to deliver their items straight to customers.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Australia Post, DHL Express, FedEx Express Australia, Aramex Australia, StarTrack, Sendle, CouriersPlease, Allied Express, Rush Express, Whale Logistics.

By Delivery Mode: Based on the Delivery Mode, Australia Last Mile Delivery Market is segmented as; Regular Delivery, Same-Day Delivery or Express Delivery.

By Application: Based on the Application, Australia Last Mile Delivery Market is segmented as; E-Commerce, Retail and FMCG, Healthcare, Mails and Packages, and Others.

By Destination: Based on the Destination, Australia Last Mile Delivery Market is segmented as; Domestic, International.

By Service Type:  Based on the Service Type, Australia Last Mile Delivery Market is segmented as; Business-To-Business (B2B), Business-To-Consumer (B2C), Customer-To-Customer (C2C).

By Vehicle Type:  Based on the Vehicle Type, Australia Last Mile Delivery Market is segmented as; Motorcycle, LCV, HCV, Drones.

By Mode of Operation:  Based on the Mode of Operation, Australia Last Mile Delivery Market is segmented as; Non-Autonomous, Autonomous.

By Region: This research also includes data for Western Australia, New South Wales, Queensland, Victoria, Rest of Australia.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.