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 while recording a CAGR of 10.9% during the forecast period from 2022 to 2032.
There is a rising requirement for faster transit times in the automated package delivery terminals on the market due to the need for more deliveries and the push for faster response times. The market for automated package delivery terminals has experienced tremendous development as a consequence of rising demand for same-day delivery services and online drug delivery applications.
Market participants are experiencing new methods of parcel delivery with the growing adoption of innovative distribution channels. E-commerce companies, retailers, and manufacturers are working together in order to meet consumer demands in real-time while minimizing operational costs. To provide customers with individualized service, companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services. All these factors are stimulating market growth for automated parcel delivery terminals in the market.
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List of Key Players Covered in Automated Parcel Delivery Terminals are:
- Keba AG
- Cleveron Ltd.
- Neopost group
- Smartbox Ecommerce Solutions Pvt.Ltd.
- Winsen Industry Co., Ltd.
- InPost
- TZ Ltd.
- ByBox Holdings Ltd.
- ENGY Company
- Bell and Howell, LLC
DPD in October 2021, gears up for a record peak with a new 150 million euro super hub in Hinckley, Leicestershire is set to be fully operational as part of plans for a record-breaking Peak. There are five hubs in the UK that are operated by DPD and this is one of their greatest fully automated hubs in domestic parcels in Europe. The new facility is the company’s most environmentally friendly and technologically advanced facility to date.
In February 2022, Korber, an international technology group signed an agreement to acquire Siemens Logistics’ international mail and parcel business. The company stated that Körber’s acquisition significantly bolsters its supply chain offering. The acquisition is expected to close in the current calendar year at a price of approximately 1.15 billion Euros.
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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Regional Insights
By 2032, the US automated parcel delivery terminals market is expected to account for 19% of the total revenue share, led by the rapid progress of logistic and technological advancement in these businesses, which will lead to the growth of the market.
APAC is projected to dominate the automated parcel delivery terminals market during the forecast period. With the rise in online business activity in countries like India and China and ongoing investments in the logistics industry, the industry is seeing opportunities for growth in the market.
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