Global Food Delivery Logistic Market Size By Mode of Transportation, By Delivery Models, By Technology Integration, By Geographic Scope And Forecast
Global Food Delivery Logistic Market Size By Mode of Transportation, By Delivery Models, By Technology Integration, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Food Delivery Logistic Market size was valued at USD 116.2 Billion in 2023 and is projected to reach USD 260.55 Billion by 2030,growing at a CAGR of 8.2% during the forecast period 2024-2030.
Global Food Delivery Logistic Market Drivers
The market drivers for the Food Delivery Logistic Market can be influenced by various factors. These may include
Growth in Online Food Ordering The market for food delivery logistics has been significantly fueled by the growing trend of customers placing online meal orders. The ease with which orders may be placed via websites or mobile apps has increased demand for effective delivery services.
Urbanisation and Changing Lives These two factors have led to an increase in the number of people using meal delivery services. Convenience and hectic schedules have increased demand for prompt and dependable meal delivery services.
Technological Advancements The efficiency of food delivery logistics has increased overall thanks to technological advancements in order administration, tracking systems, and route optimisation. Businesses are using technology to streamline their delivery procedures, shorten delivery times, and enhance customer satisfaction.
Partnerships and Collaborations The delivery process has been made much more efficient by the cooperation of restaurants, food delivery platforms, and logistical firms. Better resource coordination and optimisation are made possible via partnerships, which enhance delivery networks.
Shifting Customer Expectations Customers are looking for meal delivery services that are more dependable and quick. Fulfilling these demands has turned into a major motivator for logistics firms to make investments in cutting-edge technology and streamline their processes.
Globalisation of Food Chains The rise in food delivery logistics has been facilitated by the development of multinational restaurant brands and the extension of global food chains into new countries. Businesses are expanding in order to serve a larger clientele.
COVID-19 Pandemic Lockdowns and social distancing tactics have caused a greater reliance on home deliveries, which has hastened the spread of food delivery services. Businesses have been forced to respond by expanding and adapting their logistics capabilities.
Environmental Concerns As people’s awareness of the environment has grown, so has the emphasis on eco-friendly and sustainable logistical solutions. Businesses are looking into green packaging, electric cars, and other eco-friendly methods to lessen their carbon footprint.
Investing in Last-Mile Delivery The logistics of food delivery depend heavily on last-mile delivery. Investing in last-mile technologies, such as drones and driverless cars, aims to solve issues related to the last leg of the delivery process.
Regulatory AssistanceA number of regions have supportive legislative frameworks that have helped the food delivery logistics market expand. Unambiguous rules and regulations can create a favourable atmosphere in which businesses can function and grow.
Global Food Delivery Logistic Market Restraints
Several factors can act as restraints or challenges for the Food Delivery Logistic Market. These may include
High Operating Costs Fuel, vehicle maintenance, and labour costs are just a few of the high running costs associated with the food delivery logistics sector. Logistics companies may face financial difficulties as a result of fluctuating fuel prices and rising labour expenses.
Regulatory Obstacles Food delivery logistics companies may encounter regulatory obstacles pertaining to labour regulations, transportation, and food safety. Operational changes to businesses may be necessary in order to comply with differing rules in different nations or areas.
Events that can interrupt supply chains include natural catastrophes, geopolitical unrest, and public health emergencies. These disruptions can have an impact on the timely and dependable delivery of food. Unexpected disruptions may result in higher expenses and more challenging operations.
Technological Dependency Mobile apps, GPS devices, and order management software are just a few examples of the technologies that play a major role in food delivery logistics. Cyberattacks, system malfunctions, or technical issues can cause disruptions and lower delivery process efficiency.
Fierce Competition There are many companies fighting for market share in the very competitive meal delivery industry. Strong rivalry may result in pricing wars that cut logistics companies’ profit margins. Furthermore, it might be difficult to draw in and keep clients in a crowded market.
Environmental Concerns As people’s knowledge of environmental issues has grown, so has the desire for eco-friendly and sustainable methods. Logistics firms that depend on conventional delivery techniques and generate carbon emissions may face difficulties as a result.
Problems with Last-Mile Delivery Transporting items from a distribution centre to a final location might provide logistical and financial difficulties. One typical limitation is making last-mile delivery as efficient as possible to guarantee timely and economical service.
Customer Expectations Logistics companies may under pressure from growing customer expectations for dependable and quick delivery services. It is a constant challenge to meet these expectations while preserving profitability and operational effectiveness.
Global Food Delivery Logistic Market Segmentation Analysis
The Global Food Delivery Logistic Market is Segmented on the basis of Mode of Transportation, Delivery Models, Technology Integration, and Geography.
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Food Delivery Logistic Market, By Mode of Transportation
Road Transport Delivery vehicles such as bikes, cars, vans, and trucks.
Air Transport Delivery by drones or other aerial methods.
Rail Transport In some cases, particularly for long-distance deliveries.
Food Delivery Logistic Market, By Delivery Models
Last-Mile Delivery The final leg of the delivery process, often from a local hub to the customer’s doorstep.
Third-Party Logistics (3PL) Outsourcing logistics services to third-party providers.
Crowdsourced Delivery Using independent contractors or gig workers for deliveries.
Food Delivery Logistic Market, By Technology Integration
GPS Tracking Real-time tracking of delivery vehicles.
Route Optimization Efficient planning of delivery routes to save time and resources.
Automated Vehicles Use of autonomous vehicles for deliveries.
Food Delivery Logistic Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Food Delivery Logistic Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Food Delivery Logistic Market are
Allen Lund Company (US)
C.H. Robinson Worldwide (US)
Schneider National (US)
Deutsche Bahn AG (Germany)
Hellmann Worldwide Logistics (Germany)
Report Scope
Report Attributes
Details
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
Allen Lund Company (US), C.H. Robinson Worldwide (US), Schneider National (US), Deutsche Bahn AG (Germany), Hellmann Worldwide Logistics (Germany).
Segments Covered
By Mode of Transportation, By Delivery Models, By Technology Integration, and By Geography.
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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