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Automated Parcel Delivery Terminals Market Expected to Achieve 11.7% CAGR by 2029: Growth Forecast Insights
Automated Parcel Delivery Terminals Market
How Large Will the Automated Parcel Delivery Terminals Market Size By 2025?
The market dimension for automated parcel delivery terminals has seen fast growth in the past few years. It's projected to increase from $0.77 billion in 2024 to $0.86 billion in 2025, with a compound annual growth rate (CAGR) of 12.1%. The historical growth can be linked to the rise of internet accessibility, digital adoption, and the push for cashless transactions, all of which enhance delivery efficiency and amplify the demand for contactless delivery solutions.
How Big Is the Automated Parcel Delivery Terminals Market Size Expected to Grow by 2029?
The market size for automated parcel delivery terminals is predicted to witness significant expansion in the coming years, attaining a value of $1.35 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. The forecasted growth in this period can be attributed to factors such as the expansion of e-commerce businesses, increased usage of automated parcel delivery systems, adoption of hardware-as-a-service, heightened consumer awareness of disease spread, and a growing consumer attraction towards online shopping. The forecast period is also set to witness major trends like AI-integrated delivery systems, investments in innovative technologies, improved tracking and monitoring systems, an increase in data flow within the logistics industry, and the uptake of digital logistic services.
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Which Key Market Drivers Powering Automated Parcel Delivery Terminals Market Expansion and Growth?
The surge in e-commerce sales is projected to stimulate the expansion of the automated parcel delivery terminal market. E-commerce sales, essentially online commercial transactions, are on the ascent due to the increased accessibility of the internet, the convenience of e-shopping, a vast array of product options, and the changing consumer behavior favoring digital transactions. Automated parcel delivery terminals are utilized in e-commerce to improve the efficiency of the last-mile logistics, providing consumers with easy options for pickup and drop-off thereby enhancing delivery efficacy and minimizing operational expenses. For example, data from the United States Census Bureau, a US government organization that provides statistical data about the American people and their economy, predicts that e-commerce sales will hit $1,118.7 billion in 2023, a rise of 7.6% (±1.2%) from the previous year. Retail sales in 2023 also showed growth, increasing by 2.1% (±0.4%) from 2022. Hence, the upward trend in e-commerce sales is fueling the growth of the market for automated parcel delivery terminals.
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Which Fast-Growing Trends Are Poised to Disrupt the Automated Parcel Delivery Terminals Market?
Leading companies in the automated parcel delivery terminals market are creating smart parcel-picking technologies to boost operational effectiveness and satisfy the desire for comfortable parcel control by customers. Such innovative technologies are automatic systems and procedures intended to make the process of picking and recovering parcels from storage spots in parcel delivery terminals or warehouses more efficient. For example, Smart Robotics, a company from The Netherlands that focuses on warehouse automation, launched a smart parcel picker in October 2022. This state-of-the-art robot, designed to depalletize and unload a variety of parcel containers, is crafted to amplify efficiency and flexibility by automating tasks that are physically taxing and monotonous for warehouse staff. The smart parcel picker offers superior and adaptable picking performance, surpassing other like-minded robots in the market. The robot system integrates flawlessly with the existing Warehouse Management Systems, causing minimal disruption and enhancing productivity.
What Are the Emerging Segments in the Automated Parcel Delivery Terminals Market?
The automated parcel delivery terminals market covered in this report is segmented -
1) By Deployment Type: Indoor Terminal, Outdoor Terminal
2) By Business: B2B (Business-To-Business), B2C (Business-To-Consumer)
3) By End User: Government, Retail, Shipping And Logistics Companies, Other End Users
Subsegments:
1) By Indoor Terminal: Retail Store-Based Terminals, Commercial Building Terminals, Shopping Mall Terminals, Office Building Terminals
2) By Outdoor Terminal: Public Space Terminals (Parks, Transport Hubs), Street Side Terminals, Outdoor Kiosk-Based Terminals, Residential Area Terminals
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Who Are the Global Leaders in the Automated Parcel Delivery Terminals Market?
Major companies operating in the automated parcel delivery terminals market are 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
Which are the Top Profitable Regional Markets for the Automated Parcel Delivery Terminals Industry?
Europe was the largest region in the automated parcel delivery terminals market in 2023. The regions covered in the automated parcel delivery terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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