Automated Parcel Delivery Terminals Market Industry Share, Growth, Segments and Forecast - 2031

The Automated Parcel Delivery Terminals, also known as parcel automated lockers, are standalone units mainly installed in crowded areas including walkways, railway stations, shopping malls and groceries outlets. These Automated Parcel Delivery Terminals enable the recipient to receive as well as return their orders as per their accessibility.

The Global Automated Parcel Delivery Terminals Market value was estimated at $574.75 million in 2020 and is projected to reach $629.62 million by 2021. The market is expected to grow at a significant CAGR of 9.88% during the forecast period 2024-2031. The growing e-commerce sector, increasing urbanization and digitization, and increasing digital connectivity are some major factors that are responsible for driving the market growth globally. The significant increase in the e-commerce sector raises the demand for Automated Parcel Delivery Terminals, to deliver the products, and is expected to register a mesmerizing growth of the global market, in this segment. The urbanization and digitization are additional factors that propel the growth of the Automated Parcel Delivery Terminals Market. As more people are shifting from rural to urban areas and acquiring digital connectivity, which is a factor that impacts the growth of the Global Automated Parcel Delivery Terminals Market.

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Along with this, based on the deployment segment, the market is dominated by the indoor segment, as it is cost efficient and is expected to grow at a higher CAGR in the forecast period. Whereas, based on the service provider segment, the market is dominated by the retailer/e-commerce segment. As the demand for direct-to-customer applications is growing at a significant rate, it allows customers to purchase via online platforms and deliver the product with adoption of the Automated Parcel Delivery Terminals. This factor is expected to fuel the growth of the global Automated Parcel Delivery Terminals market. The market players are adopting several strategies to propel the market growth by focusing on development of new products, features and innovative technologies by collaborating with competitors. For instance, in 2018, SmartBox collaborated with mi.com to sustain a convenient delivery with the reference of Automated Parcel Delivery Terminals.

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Market Coverage

Segment Covered-
o By Deployment

o By Service Provider

Competitive Landscape- Bell and Howell LLC, Cleveron AS, ByBox Holdings Ltd., Smartbox Ecommerce Solutions Pvt. Ltd., TZ ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Automated Parcel Delivery Terminals Market Report Segment

By Deployment

· Indoor

· outdoor

By Service Providers

· Retailers/E-Commerce

· Shipping/Logistics

· Government

· Others

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