Automated Parcel Delivery Terminals Market Size, Share, Revenue, Trends And Drivers For 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UK, June 18, 2024 /EINPresswire.com/ -- The automated parcel delivery terminals market has experienced rapid growth in recent years. It is set to grow from $0.69 billion in 2023 to $0.77 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. This expansion can be attributed to rising internet penetration, digitization, and the encouragement of cashless payments, which contribute to increasing delivery efficiency and demand for contactless delivery solutions.
The market is expected to continue its impressive growth, reaching $1.21 billion by 2028, at a CAGR of 11.8%. This anticipated growth will be driven by the expansion of e-commerce businesses, increased use of automated parcel delivery systems, adoption of hardware-as-a-service, rise in consumer awareness of disease spread, and growing interest in online shopping. Key trends include AI-integrated delivery systems, investment in innovative technologies, advanced tracking and monitoring systems, increased data flow in the logistics industry, and adoption of digital logistics services.
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Growing Demand For E-Commerce Sales Scaling Automated Parcel Delivery Terminals Market Growth
The increasing e-commerce sales are expected to propel the growth of the automated parcel delivery terminal market. 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, the United States Census Bureau reported that e-commerce sales are expected to reach $1,118.7 billion in 2023, up 7.6% (±1.2%) from 2022. 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.
Innovative Smart Parcel-Picking Solutions Revolutionize Automated Parcel Delivery Terminals
Major companies operating in the automated parcel delivery terminals market are focusing on developing smart parcel-picking solutions to improve efficiency and meet customer demand for convenient parcel handling. For example, Smart Robotics, a Netherlands-based company specializing in warehouse automation, launched a smart parcel picker in October 2022. This cutting-edge robot is designed to depalletize and unload various parcel containers, enhancing efficiency and agility by automating physically straining and repetitive tasks for warehouse employees. The smart parcel picker offers high-speed and versatile picking capabilities, seamlessly integrating with existing Warehouse Management Systems to minimize disruptions and improve productivity.
Automated Parcel Delivery Terminals Market Segments:
• Deployment Type: Indoor Terminal, Outdoor Terminal
• Business: B2B (Business-To-Business), B2C (Business-To-Consumer)
• End User: Government, Retail, Shipping And Logistics Companies, Other End Users
Geographical Insights: Europe Leads, Global Coverage Expands
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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Automated Parcel Delivery Terminals Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Automated Parcel Delivery Terminals Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on automated parcel delivery terminals market size, automated parcel delivery terminals market drivers and trends, automated parcel delivery terminals market major players, competitors' revenues, market positioning, and market growth across geographies. The automated parcel delivery terminals market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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