AI-Enabled Last Mile Delivery Market Share

North American Market Forecast   

The North American AI-enabled last mile delivery market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the growing awareness amongst business organizations for such technologies, along with the presence of several key players in the region who are offering artificial intelligence solutions. On the other hand, the surge in e-commerce activities in the region owing to the higher penetration of smartphone and enhanced delivery services are anticipated to propel the market growth over the forecast period. For instance, the total e-commerce sales were estimated to be around USD 350 billion in 2022in the United States which was further anticipated to hit USD 500 billion in 2023 and is projected to reach a total value of USD 700 billion by 2025. Furthermore, the rise in the e-commerce industry in the region is also anticipated to expand the market size over the forecast period. As of 2022, around 200 million online shoppers were dwelling in the United States whole total spending on online shopping was projected to be around 5000 U.S. dollars. Furthermore, this number is estimated to reach 220 million by 2024.

APAC Market Statistics

The Asia Pacific AI-enabled last mile delivery market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the prevalence of online shopping coupled with the boom in the regional population. Furthermore, growth in AI technology and higher adoption of robotics in delivery systems is also projected to boost the market growth in the region over the forecast period. For instance, at the beginning of COVID-19, nearly 68 million people shopped online in Southeast Asia. Additionally, the number of online shoppers is projected to reach around 400 million by 2026 in Asia.