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.
There is a growing need for shorter transportation times in the market’s automated parcel delivery terminals, with a growing demand for more deliveries and increasing pressure for shorter response times. The growing demand for online medicine delivery apps and same-day delivery systems has resulted in a significant increase in the market for automated parcel delivery terminals.
The market’s increase in the use of automated parcel delivery systems is expected to outpace the growth of e-commerce businesses and internet penetration. Global digitization, the promotion of cashless payments globally, and the expansion of logistics businesses have all contributed to the market’s growth in recent years.
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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.
“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.”
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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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