The last-mile delivery commercial vehicles market, a critical component of the modern logistics sector, is projected to surge from US$ 77,982.14 million in 2024 to US$ 132,587.38 million by 2031, demonstrating a robust Compound Annual Growth Rate (CAGR) of 26.9% from 2025 to 2031.
This growth is primarily fueled by the rapid expansion of e-commerce, increasing consumer demand for swift and convenient deliveries, and ongoing urbanization trends. In 2024, the market was valued at approximately US$ 77 billion, with commercial vehicles, including vans and light trucks, dominating deliveries due to their capacity and adaptability. As online retail continues to evolve, businesses and logistics companies are significantly investing in cutting-edge technologies, sustainable solutions, and infrastructure to refine delivery networks and satisfy changing customer expectations.
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North America and Europe currently hold leading positions in the market, underpinned by well-developed logistics infrastructure and high e-commerce penetration. Meanwhile, the Asia-Pacific region is experiencing the fastest growth, propelled by rapid digital adoption and increasing urbanization. The market is intensely competitive, with both established logistics leaders and innovative startups vying to improve efficiency, cut costs, and enhance customer satisfaction. A growing focus on environmental sustainability is also driving a shift toward electric and low-emission commercial vehicles, further accelerating market transformation.
The Last Mile Delivery Commercial Vehicle Market is a dynamic sector experiencing significant growth, driven by the boom in e-commerce, increasing urbanization, and a strong push towards sustainable logistics.
Market Segmentation Analysis:
- Drive Type: (Information not provided in the extract)
- Propulsion Type:
- ICE (Internal Combustion Engine): Dominated the market in 2024. This is attributed to the extensive and well-established fuel infrastructure globally, providing convenience and minimizing downtime for delivery operations, especially in regions with developing EV charging networks like Asia-Pacific and Latin America.
- Electric: Expected to grow significantly due to sustainability concerns, stricter emission regulations, and investments from major logistics players.
- Sales Channel: (Information not provided in the extract)
- Vehicle Type:
- Vans: Dominated the market in 2024 due to their versatility, efficiency, and adaptability. They offer an optimal balance between cargo capacity and maneuverability, making them ideal for navigating congested urban environments for a wide range of delivery tasks.
- Cars
- Trucks
- End-User:
- E-commerce: The dominant end-user due to its explosive growth, high delivery volume, and the consumer expectation for fast and efficient service. The surge in online shopping platforms like Amazon, Alibaba, and Flipkart has led to millions of daily deliveries, necessitating agile vehicles.
- Food Delivery
- Courier Services
- Others
- Geography:
- North America: Dominated the market in 2024.
- Asia-Pacific: The fastest-growing region, led by China, India, and Japan, with significant surges in demand also seen in Southeast Asian countries like Indonesia, Vietnam, and the Philippines, driven by rising incomes and urbanization.
- Europe
- Middle East & Africa
- South & Central America
Market Drivers and Opportunities:
- Sustainability and the Shift Toward Electric Commercial Vehicles:
- Drivers: Growing environmental concerns, stricter emission regulations, and corporate sustainability goals. Companies like Amazon and FedEx are heavily investing in electric fleets.
- Opportunities: Reduced carbon footprints, enhanced brand image, and improved cost-effectiveness due to advancements in battery technology and expanding charging infrastructure.
- Adoption of Advanced Technologies and Innovative Delivery Models:
- Drivers: The need for reduced costs, increased efficiency, and meeting evolving customer expectations.
- Opportunities: Integration of autonomous vehicles, drones, and delivery robots; adoption of crowdsourced delivery models and micro-fulfillment centers; and utilization of data analytics and predictive modeling for optimized logistics.
Market Size and Share Analysis Highlights (2024):
- Vehicle Type: The vans segment led the market.
- Propulsion Type: The ICE segment dominated the market.
- End-User: E-commerce channels were the dominant end-user.
- Geography: The North American region dominated the market, with Asia-Pacific being the fastest-growing region.
key company profiles
Amazon Logistics
DHL
FedEX
UPS
Alibaba
JD.Com
Kerry Logistics
Zepto
Blinkit
and Grab
Last Mile Delivery Commercial Vehicle Market Report Coverage and Deliverables
The "Last-mile delivery commercial vehicles Market Outlook (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Last-mile delivery commercial vehicles market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Last-mile delivery commercial vehicles market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Last-mile delivery commercial vehicles market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Last-mile delivery commercial vehicles market
- Detailed company profiles
The geographical scope of the Last-mile delivery commercial vehicles market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The Last-mile delivery commercial vehicles market in Asia Pacific is expected to grow significantly during the forecast period.
North America is currently the dominant region in the last-mile delivery market, including the segment for commercial vehicles. In 2024, North America is expected to hold approximately over 35% of the global market share. North America benefits from a highly developed transportation network, including extensive road systems, distribution centers, and fulfillment hubs. This infrastructure supports efficient, multi-stop delivery routes that keep costs low and delivery times short.
The region is home to major e-commerce players such as Amazon, Walmart, and Target, which have set high standards for fast and reliable delivery. The surge in online shopping has led to increased demand for last-mile delivery services, with consumers expecting same-day or next-day delivery as the norm. North American companies are at the forefront of adopting advanced logistics technologies, including real-time monitoring, route optimization, and automation. The integration of electric vehicles (EVs) and autonomous delivery solutions is accelerating, further enhancing the efficiency and sustainability of last-mile operations.
While North America leads in market size, Asia-Pacific is the fastest-growing region for last-mile delivery services, including commercial vehicle deliveries. The rise of a middle class, increased smartphone penetration, and growing internet connectivity are driving a surge in online shopping. Platforms like Alibaba, Flipkart, and local quick-commerce apps are investing heavily in last-mile logistics to meet rising consumer expectations.
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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
