According to a market study, the global market for automated parcel delivery terminals market is expected to reach US$ 639.9 million in 2021 and US$ 2.0 billion in 2032, growing at a compound annual growth rate of 10.9% from US$ 720 million in 2022.
It is anticipated that e-commerce and internet usage will grow faster than the market’s adoption of automated parcel delivery systems. In recent years, the market has grown due in part to global digitization, the promotion of cashless transactions globally, the expansion of the logistic industry, and others.
“The switch from B2B to B2C operations and the adoption of hardware-as-a-service offer a practical way to launch parcel terminal operations, spurring the growth of automated.
The expansion of e-commerce businesses and internet penetration is expected to outpace the market’s increase in the use of automated parcel delivery systems. Global digitization and the promotion of cashless payments around the world, as well as the expansion of logistics businesses, have all contributed to the market’s growth in recent years.
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According to industry estimates, the global market for automated parcel delivery terminals will reach US$ 720 million by 2022 and is expected to reach US$ 2 billion by 2032, with a CAGR of 10.9 percent from 2022 to 2032.
With the growing adoption of innovative distribution channels, market participants are experiencing new methods of parcel delivery. E-commerce firms, retailers, and manufacturers are collaborating to meet consumer demands in real time while reducing operational costs.
Companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services to provide personalised service to customers. All of these factors are driving market growth for automated parcel delivery terminals.
Key Takeaways:
- The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
- Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
- In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
- In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
- Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.
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“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.”
The convenience of on-time delivery, hassle-free returns, and growing consumer interest in online shopping will drive the market for automated parcel delivery terminals. Global greenhouse gas emission effects and increased traffic on the road are driving growth in the automated parcel delivery terminal market.
To improve service efficiency and minimize carbon emissions, electric and battery-powered autonomous vehicles are introduced in logistic businesses. Thus, during the forecast period, the advancements in parcel delivery terminals will be driven by improvements in packaging and distribution channels.
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Additionally, smart lockers and delivery terminals are in demand due to internet access, smartphones, and the IoT (Internet of Things). The smartphones provide great ease in verifying, tracking, and streamlining transactions. In addition to the automated terminals, these automated systems are also equipped with POS systems that further simplify the process of paying the bills.
As another aspect, the volume of parcels that are required to be delivered in all cities has grown dramatically over the past few years. It is expected that urbanization and digitization of the parcel delivery industry will continue to shape this industry in the future.
Despite the rise in cross-border transport services and the entry of new market players, the market for automated parcel delivery terminals is expected to be dominated by new players in the future years. The market is characterized by increasing consumer demand for faster delivery, which, in turn, is forcing e-commerce, the food, and retail industries to increase their speedy delivery initiatives.
In the past few years, advancements in technology and digital business processes have accelerated automated market-based delivery processes. Additionally, the development of drones that can deliver packages on time in difficult terrain should allow for automated parcel delivery terminals to enter the market, which will increase the possibilities for logistics companies.
This will improve the quality of the service and make it more efficient and reliable in the market.
Competitive Landscape
Key Players that have been profiled in the report are Keba AG, Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt.Ltd., Winsen Industry Co., Ltd., InPost, TZ Ltd., ByBox Holdings Ltd., ENGY Company and Bell and Howell, LLC. Innovative products and technologies will allow customers to benefit from new technologies.
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