Automated Parcel Delivery Terminals Market Forecast by 2031
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.
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Automated Parcel Delivery Terminals Market: Strategic Insights
Market Size Value in US$ 799.0 Million in 2017 Market Size Value by US$ 1,973.4 Million by 2025 Growth rate CAGR of 12.0% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Automated Parcel Delivery Terminals Market: Strategic Insights
| Market Size Value in | US$ 799.0 Million in 2017 |
| Market Size Value by | US$ 1,973.4 Million by 2025 |
| Growth rate | CAGR of 12.0% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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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 Report Scope
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
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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