Global Automated Parcel Delivery Terminals Market Size Forecast 2024 - 2033
19 Dec, 2024
What Is The Overview Of The Global Automated Parcel Delivery Terminals Market?
An automated parcel delivery terminal is a physical infrastructure equipped with lockers or compartments that enables automated receipt, storage, and retrieval of packages, providing a convenient and secure solution for parcel pickup and drop-off. It provides solution for both senders and recipients, enabling efficient parcel management, reducing delivery-related stress, and offering flexibility in pickup and drop-off times.
Automated Parcel Delivery Terminals Global Market Report 2024 provides data on the global automated parcel delivery terminals market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Automated Parcel Delivery Terminals market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Automated Parcel Delivery Terminals Market Expected To Grow In Size And Annual Rates?
The automated parcel delivery terminals market size has grown rapidly in recent years. It will grow from $0.69 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising internet penetration, digitization, and the encouragement of cashless payments, which contributes to increasing delivery efficiency and demand for contactless delivery solutions. The automated parcel delivery terminals market size is expected to see rapid growth in the next few years. It will grow to $1.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to the growth of e-commerce businesses, increase in the use of automated parcel delivery systems, adoption of hardware-as-a-service, rise in consumer awareness of the spread of diseases, and growing consumer interest in online shopping. Major trends in the forecast period include AI-integrated delivery systems, investing in innovative technologies, advanced tracking and monitoring systems, rise in the flow of data in the logistics industry, and adoption of digital logistics services.
What Main Forces Are Fueling Expansion In The Automated Parcel Delivery Terminals Market?
The increasing e-commerce sales are expected to propel the growth of the automated parcel delivery terminal market going forward. E-commerce transactions, driven by internet penetration and consumer convenience, continue to rise. Automated parcel delivery terminals streamline last-mile logistics, offering convenient pickup and drop-off options. For instance, in 2023, the United States Census Bureau projected e-commerce sales to reach $1,118.7 billion, up 7.6% from 2022, highlighting the growing preference for digital transactions. This surge in e-commerce boosts demand for automated parcel delivery terminals, enhancing delivery efficiency and reducing operational costs.
Get Your Free Sample of the Global Automated Parcel Delivery Terminals Market ReportWhat Are The Primary Segments In The Global Automated Parcel Delivery Terminals Market?
The automated parcel delivery terminals market covered in this report is segmented –
1) By Deployment Type: Indoor Terminal, Outdoor Terminal
2) By Business: B2B (Business-To-Business), B2C (Business-To-Consumer)
3) By End User: Government, Retail, Shipping And Logistics Companies, Other End Users
Which Key Trends Are Driving Changes In The Automated Parcel Delivery Terminals Market?
Major companies in the automated parcel delivery terminals market are innovating smart parcel-picking solutions to enhance efficiency and meet the demand for convenient parcel handling. Smart parcel-picking solutions include automated systems and technologies designed to streamline the retrieval of parcels from storage locations within delivery terminals or warehouses. For instance, in October 2022, Smart Robotics, a Netherlands-based company specializing in warehouse automation, introduced a smart parcel picker. This advanced robot is designed to depalletize and unload various parcel containers, enhancing efficiency and agility by automating physically demanding and repetitive tasks. The smart parcel picker offers high-speed, versatile picking capabilities and integrates seamlessly with existing Warehouse Management Systems, improving productivity while minimizing disruptions. The focus on smart parcel-picking solutions is expected to drive the automated parcel delivery terminals market, with market sizes projected to reach $HH billion in 2023, $II billion in 2024, and $JJ billion in 2028.
What Is The Leading Region In The Automated Parcel Delivery Terminals Market?
Europe was the largest region in the automated parcel delivery terminals market in 2023. The regions covered in the automated parcel delivery terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.