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Automated Parcel Delivery Terminals Market: Innovations and Growth Insights by 2033
Automated Parcel Delivery Terminals Market
According to The Business Research Company's, The automated parcel delivery terminals market size has grown rapidly in recent years. It will grow from $0.69 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising internet penetration, digitization and the encouragement of cashless payments, contributes to increasing delivery efficiency, demand for contactless delivery solutions.
The automated parcel delivery terminals market size is expected to see rapid growth in the next few years. It will grow to $1.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growth of e-commerce businesses, increase in the use of automated parcel delivery systems, adoption of hardware-as-a-service, rise in consumer awareness of the spread of diseases, growing consumer interest in online shopping. Major trends in the forecast period include AI-integrated delivery systems, investing in innovative technologies, advanced tracking and monitoring systems, rise in the flow of data in the logistics industry, adoption of digital logistics services.
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Market Drivers and Trends:
The increasing e-commerce sales are expected to propel the growth of the automated parcel delivery terminal market going forward. E-commerce sales are commercial transactions conducted electronically over the Internet. E-commerce sales are rising due to increased internet penetration, the convenience of online shopping, the availability of a wide range of products, and evolving consumer preferences towards digital transactions. E-commerce uses automated parcel delivery terminals to streamline last-mile logistics, offering customers convenient pickup and drop-off options while optimizing delivery efficiency and reducing operational costs. For instance, in 2023, according to the United States Census Bureau, a US-based government agency responsible for producing data about the American people and economy, e-commerce sales are expected to reach $1,118.7 billion in 2023, up 7.6% (±1.2%) from 2022. The retail sales in 2023 climbed by 2.1% (±0.4%) from 2022. Therefore, increasing e-commerce sales are driving the growth of the automated parcel delivery terminals market.
Major companies operating in the automatic liquid filling market are focused on developing advanced products, such as high-speed net weight filler, to handle challenging applications for viscous and abrasive materials. High-speed net-weight fillers are designed for thin liquids and feature hot fill that offers many benefits that can increase efficiency levels significantly. For instance, in August 2022, Shemesh Automation Ltd., a UK-based automated packaging machinery company, launched Falcon, a net-weight liquid filling machine that delivers high-accuracy filling for a variety of products, including high-viscosity liquids such as honey and treacle. The Falcon machine utilizes cutting-edge peristaltic pump technology to achieve a portioning tolerance of 0. It is supplied with load cells at each filling station to provide optimal accuracy even with the most variable liquids. It can be connected with the DEENEX high-speed servo-driven denester to cut cycle time and improve production line automation.
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Major Key Players of the Market:
Schneider Electric SE, Toshiba Corporation, NEC Corporation, Leonardo S.p.A., Murata Machinery Ltd., Daifuku Co. Ltd., Dematic Corporation, YASKAWA Electric Corporation, Pitney Bowes Inc., Vanderlande Industries B.V., Körber AG, Fives Group, InPost S.A., BEUMER Group GmbH & Co. KG, Quadient, OPEX Corporation, Bastian Solutions LLC, Bell and Howell LLC, Solystic SAS, Cleveron Ltd., National Presort LP, Smartbox Ecommerce Solutions Pvt. Ltd., Winnsen Industry Co. Ltd., TZ Limited, Loginpost, ENGY Company
Automated Parcel Delivery Terminals Market 2024 Key Insights:
• The automated parcel delivery terminals market size is expected to see rapid growth in the next few years. It will grow to $1.21 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Growing Demand For E-Commerce Sales Scaling Automated Parcel Delivery Terminals Market Growth
• Innovative Smart Parcel-Picking Solutions Revolutionize Automated Parcel Delivery Terminals
• Europe was the largest region in the automated parcel delivery terminals market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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