Last mile delivery companies are growing fast, thanks to urbanisation, smartphone adoption, and quick commerce trends. That’s what drives the booming contribution Asia-Pacific (APAC) is experiencing globally, as the fastest-growing region in the global last-mile delivery market.
It’s driven mainly by mega-markets like China and India, which invest in quick commerce, dark stores, and hyperlocal fulfillment.
According to Coherent Market Insights, the last mile delivery sector is valued at USD 190 billion, and is expected to reach USD 343 billion by 2032.
Let’s look at the top 20 publicly listed delivery companies showing growth and resilience.
Australia
1. Locate Technologies (ASX: LOC)
Locate Technologies Limited (ASX: LOC) (“Locate” or the “Company”) announced that it intends to implement a ‘top hat’ arrangement with a New Zealand incorporated company (“NZ Co”), to move its listing to the main board financial market that the New Zealand Exchange (“NZX”) operates.
Locate Technologies, through its Locate2u platform, is helping businesses deliver with the same precision and transparency as global giants like Amazon.
Its standout feature is that it gives companies the tools to offer real-time tracking, proof of delivery, and accurate ETAs without needing to build their own tech stack.
2. Australia Post
Australia Post’s revenue increased by $215.5 million in the first half of the financial year 2024. Its standout edge is its national coverage and flexible parcel locker offering.
North America
3. DoorDash (NYSE: DASH)
DoorDash is a powerhouse, setting itself apart from other last-mile delivery companies by using its dense driver fleet to deliver food, from mattresses to medicine. It’s no longer just a traditional courier; it’s a marketplace powered by logistics precision.
Just this week, the EU Commission approved a takeover of Deliveroo. According to Reuters, DoorDash reached a deal at about $3.93 billion in May 2025.
4. Instacart (NASDAQ: CART)
Instacart stands out by combining personal shoppers with a tech platform that gives retailers like Costco or Kroger an instant e-commerce presence. But how does it thrive if it doesn’t own its last-mile delivery?
Its competitive edge is being able to do quick commerce. With Instacart’s wide driver coverage, it can deliver fresh produce within hours. Q-commerce is one of the hardest categories in logistics. Many of these companies fail within the first year.
5. Coupang (NYSE: CPNG)
Coupang, an e-commerce giant often called the Amazon of South Korea, is worth $58.4 billion and growing fast. Coupang was founded in 2010 by billionaire Bom Kim and is still making big waves in the industry.
What makes them stand out is the next-day and often same-day delivery speed. They also have end-to-end ownership, which means they own their warehouses, trucks, and drivers. This gives them control over quality and speed, which only a few competitors can say.
6. MercadoLibre (NASDAQ: MELI)
MercadoLibre is building a logistics empire with MELI Logistics. What makes it stand out from other competitor last mile delivery companies? Its unique geography challenge. It serves a huge diverse market: Brazil and Argentina.
Their ability to bring two-day delivery to regions with tough infrastructure makes them strong and growing in logistics. This is an absolute standout.
Europe
7. Delivery Hero (XETRA: DHER)
Delivery Hero improved earnings for the first half of 2025, reporting sales growth to EUR 6,880 million and a reduced net loss. What makes their last mile delivery special? Getting quick commerce right. It’s difficult, but its strength lies in a mix of dark stores and partnerships.
This enables customers in big cities to get food orders in under 30 minutes. Its multi-brand footprint makes adapting to cultural differences in each market easy. This is a smart way to keep in touch with customers without brand confusion.
8. Just Eat Takeaway (AMS: TKWY)
Just Eat is Europe’s first on-demand food delivery service to pilot wheeled-legged hybrid robots equipped with Physical AI to deliver food to customers’ homes. It’s launching this invitation in Zurich, Switzerland.
It’s a hybrid delivery operator that stands out in managing its fleet logistics and partner restaurants. It keeps last mile delivery logistics flexible where demand is unpredictable.
9. IDS (Royal Mail + GLS) (LSE: IDS)
Royal Mail, a trusted delivery brand for over 500 years, has made a profit for the first time in three years. Under the new owner, Czech billionaire Daniel Kretinsky, it has been on a mission to turn around its fortune.
Things are looking up for this courier after a difficult few years in which it lost money and market share due to the declining number of letters sent.
Its competitive edge is its infrastructure and brand recognition. Customers inherently trust the Royal Mail.
10. PostNL (AMS: PNL)
PostNL is not flashy, but its real advantage is fine-tuning the delivery economics in a crowded European courier market. Its parcel locker expansion stands out from other last mile delivery companies.
It has learned to thrive in the B2C e-commerce surge by optimising costs without compromising service.
China and Pan-APAC Couriers
11. J&T Global Express (HKEX: 1519)
J&T Logistics scaled quickly by targeting fast-growing Southeast Asian e-commerce markets. Its winning secret is its low-cost, high-density model, which makes it a favourite platform.
Since its founding in 2015, it has expanded its network to 13 countries. The company’s stronghold is express delivery services.
12. ZTO Express (NYSE: ZTO)
ZTO Express is often referred to as the FedEx of China. Why? It stands out from other last mile delivery companies due to its sheer volume. Billions of parcels are delivered through ZTO Express each quarter.
It competes efficiently in a hyper-competitive market. Its cost-per-parcel discipline makes it survive and thrive in this industry. How does it work? Cost-per-parcel keeps the average delivery cost ultra-low, even at billions of parcels.
Unlike many competitors, ZTO has invested heavily in automation at sorting hubs and route optimization, cutting labour and fuel spend per delivery.
13. SF Holding (SSE: 002352)
Founded in 1993, SF Holding is the largest integrated logistics service provider in China and Asia.
It excels with speedy, higher-value goods. It’s a premium courier brand, and its standout is the breadth of services. From same-day express to international freight, it positions itself as Asia’s “all-in-one” courier.
China & North Asia Platforms
14. Meituan (HKEX: 3690)
Its battle with Alibaba Group Holdings for Chinese consumers is heating up, but Meituan is not standing back. It has launched a new artificial intelligence (AI) agent app to boost its food delivery and local services business.
It is redefining delivery by moving beyond food and doing what DoorDash does: delivering everything, from groceries to electronics. What is its stand-out superpower? It has one app, an ecosystem, and gives businesses access to millions of couriers.
This creates a density and efficiency unmatched even by Western giants.
15. JD Logistics (HKEX: 2618)
JD Logistics, the logistics arm of e-commerce giant JD, is special because it owns the whole delivery process. Think of the entire supply chain, from warehouses to last mile delivery. Its standout edge is the launch of JoyExpress overseas. It’s a logistics powerhouse.
It has also recently invested in a high-tech distribution facility in Victoria. This Derrimut facility is reportedly a major addition to JD Logistics’ expanding Australian network.
16. Yamato Holdings (TSE: 9064)
Yamato Holdings’s customer service culture is a definite standout feature. It’s Japan’s most trusted parcel brand. Delivery drivers wait, call ahead, and know their neighbourhoods. Their superpower is the human touch.
17. SG Holdings (Sagawa) (TSE: 9143)
Sagawa, through SG Holdings, is focused on steady, profitable growth. Its standout is that it is a balanced model that is racing for volume like Chinese rivals.
SG Holdings is steadfast in expanding and focusing on long-term sustainability. Its name is synonymous with reliability in Japan.
South & Southeast Asia
18. Delhivery (NSE: DELHIVERY)
Unlike its competitor, last-mile delivery companies, Delhivery handles the entire logistics stack; express parcel, freight, trucking, warehousing, and cross-border. This lets it orchestrate e-commerce supply chains end-to-end.
How do they do this? By leaning heavily on automation in mega-sorting centres and route planning to tame India’s chaotic infrastructure.
It’s even taken a controlling stake in its rival, Ecom Express Limited, which is set to expand its customer base and boost its delivery market share.
CEO Sahil Barua said, “The Indian economy requires continuous improvements in cost efficiency, speed, and reach of logistics. We believe this acquisition will enable us to better serve the customers of both companies.”
19. Grab (NASDAQ: GRAB)
Grab stands out by blending ride-hailing and delivery networks. How? It has a super-dense driver network, which was built originally for ride-hailing.
Its couriers deliver food, parcels, groceries, and even pharmacy goods. These are everyday essentials, which means customers rely on their service daily.
20. GoTo (IDX: GOTO)
GoTo, born from Gojek and Tokopedia, is Indonesia’s super-app delivery engine.
Its standout feature is ecosystem integration: a courier fleet tied to shopping, payments, and mobility in one app.
About the author
Mia is a multi-award-winning journalist. She has more than 14 years of experience in mainstream media. She's covered many historic moments that happened in Africa and internationally. She has a strong focus on human interest stories, to bring her readers and viewers closer to the topics at hand.
