The automated parcel delivery terminals market size is projected to reach US$ 1,971.37 million by 2031 from US$ 833.62 billion in 2023. The market is expected to register a CAGR of 11.4% in 2022–2031. Automated parcel delivery terminals are the automated lockers with self-service units designed to streamline the parcel deliveries. These terminals are installed in high-traffic locations such as malls, shopping malls, retail stores, supermarkets, bus stands, airports, train stations, and other public areas. The main purpose of these parcel delivery terminals provide safe and convenient way for individuals to drop off and pick up packages at any time. Automated parcel delivery terminals combined with advanced technologies designed to meet growing logistics, and warehousing sector demand.
Automated Parcel Delivery Terminals Market Analysis
The market for automated parcel delivery terminals is growing rapidly owing to rising consumers demand for contactless and convenient delivery options. Technological advancement to improve the productivity and consumer’s delivery time has led significant demand for the automated parcel delivery terminals market growth. The advanced technologies include AI and IoT integration to automate the parcel delivery options. Key players in the market are focusing on technological innovations to solve last-mile delivery related problems. Further increasing e-commerce industry growth at rapid pace with increasing online shopping trends created massive demand for the automated parcel delivery terminals market growth during the forecast period.
Automated Parcel Delivery Terminals Market Overview
Increasing e-commerce industry growth with surge in the online shopping among the consumers around the globe have created massive demand for the automated parcel delivery terminals market growth during the forecast period. According to the International Trade Administration Organization, global e-commerce sales of the B2B businesses is expected to reach value of US$ 36 trillion by 2026. This is driven heavy industries such as manufacturing, healthcare, energy, and professional business services segments drives the majority of the market growth. Increasing demand for the automated systems in warehouse and logistics sector across the globe drives the market growth.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Automated Parcel Delivery Terminals Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Automated Parcel Delivery Terminals Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Automated Parcel Delivery Terminals Market Drivers and Opportunities
Increasing demand for the automated systems in warehouse and logistics sector across the globe drives the market growth
The market is driven by the rapid growth of the e-commerce industry, which created massive demand for the automated parcel delivery system market growth. This has propelled the demand for automated parcel delivery terminals market growth.
Moreover, factors such as making deliveries to remote areas and failed delivery attempts are responsible for incurring additional costs to the companies. As a result, self-pickup solutions like automated parcel delivery terminals are gaining popularity among e-commerce retailers.
The worldwide adoption of mobile phones and internet access has made it possible for consumers to purchase goods from other countries. The number of parcel shipments is anticipated to increase significantly as a result of this. Retailers are also highlighting the use of alternate package delivery options to prevent failed and delayed deliveries.
Governments everywhere are putting a lot of emphasis on digitization and encouraging cashless payments, particularly in developing countries like China and India. Governments may further their political goals of a digitized, cashless, and more transparent economy by utilizing the Cash on Delivery (COD) option found in intelligent parcel delivery terminals, which facilitates successful and seamless transactions between clients and their consumers.
Increasing Adoption of Advanced Technologies such as Machine Learning, Artificial Intelligence, Internet of Things, and Blockchain Are Propelling the Market Growth.
Increasing integration of advanced technologies such as machine learning, artificial intelligence, and the Internet of things to launch automated parcel terminals is driving significant opportunity in the market. Several key players in the market are developing and launching advanced technologies based on automated parcel delivery terminals. For instance, in November 2023, Oman Post, subsidiary of the Asyad Group, launched innovative automated parcel terminal machine. The cutting-edge advanced technology contributed in 43% improvement in the operational efficiency which in turn improves the customer satisfaction. The system implemented with AI-technology to improve productivity, and increases the efficiency of delivering parcels to the customers. This AI-based terminal handles packages up to 6,000 per hour, sorts more than 12 lines per run.
Automated Parcel Delivery Terminals Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automated parcel delivery terminals market analysis are deployment and service providers.
- Based on deployment, the market is divided into indoor and outdoor.
- Based on end-users, the market is divided into retailers/e-commerce, shipping/ logistics, warehouse, government, and others.
Automated Parcel Delivery Terminals Market Share Analysis by Geography
The geographic scope of the Automated Parcel Delivery Terminals market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is expected to dominate the market growth owing to the rapid pace of adoption of advanced technologies based on automated parcel delivery terminals. The US and Canada hold significant shares in the global market with increasing investment across warehouse automation by the leading logistics companies in the US.
However, there is a significant opportunity in developing nations across Asia Pacific region to adopt automated parcel delivery terminals owing to increased e-commerce industry growth around the globe. India and China are the fastest growing nations to adopt for the automated parcel delivery terminals. Several leading logistics service providers are investing significant amount in procuring automated parcel delivery terminals to meet growing logistics sector demand.
Automated Parcel Delivery Terminals Market Regional Insights
The regional trends and factors influencing the Automated Parcel Delivery Terminals Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automated Parcel Delivery Terminals Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Automated Parcel Delivery Terminals Market
Automated Parcel Delivery Terminals Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 833.62 Billion |
| Market Size by 2031 | US$ 1,971.37 Million |
| Global CAGR (2023 - 2031) | 11.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Design Types
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Automated Parcel Delivery Terminals Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automated Parcel Delivery Terminals Market are:
- Smartbox Ecommerce Solutions Pvt. Ltd.
- Cleveron AS
- NeoPost Group
- Winnsen Industry Co., Ltd.
- TZ Limited
- ByBox Holdings Limited
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Automated Parcel Delivery Terminals Market top key players overview
Automated Parcel Delivery Terminals Market News and Recent Developments
The Automated Parcel Delivery Terminals market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automated Parcel Delivery Terminals market and strategies:
- In April 2021, Cleveron, parcel delivery robotics firm, launched Cleveron 701 semi-autonomous last mile delivery vehicle. It is designed to improve productivity and improve the efficiency for the logistics and retail companies to boost last mile deliveries of the parcels. (Source: Flyability, Press Release/Company Website/Newsletter)
Automated Parcel Delivery Terminals Market Report Coverage and Deliverables
The “Automated Parcel Delivery Terminals Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment , and Service Providers
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..
Get Free Sample For