AUTOMATED PARCEL DELIVERY TERMINALS MARKET ANALYSIS

Automated Parcel Delivery Terminals MarketSize and Trends

Global automated parcel delivery terminals market size was valued at US$ 746.9 Mn in 2022, exhibiting a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030.

The Automated Parcel Delivery Terminals Market is a rapidly growing market driven by the increasing demand for efficient and contactless delivery solutions. These terminals, also known as automated lockers or smart lockers, offer a convenient and secure way for consumers to receive their parcels, while enabling businesses to streamline their last-mile delivery operations. The market's growth is fueled by several factors, including the rising e-commerce industry, urbanization, and the need for flexible and convenient delivery options. As consumers increasingly opt for online shopping, the demand for efficient and reliable parcel delivery solutions has surged. Automated parcel delivery terminals address this need by providing 24/7 accessibility, reducing delivery time, and eliminating the need for physical interaction with delivery personnel. Businesses across various sectors, including retail, logistics, and postal services, are adopting automated parcel delivery terminals to optimize their supply chain and enhance customer satisfaction. These terminals offer cost savings through reduced delivery attempts and a more streamlined delivery process.

Global automated parcel delivery terminals market was valued at US$ 746.9 Million in 2022, and is expected to reach US$ 1,935.8 Million by 2030, exhibiting a CAGR of 12.8% between 2023 and 2030.

Market- Trends

Growing Demand for Alternative Delivery Solutions

Global automated parcel delivery terminals market is expected to witness significant growth during the forecast period, due to the rising demand for alternative delivery solutions. As e-commerce continues to expand at a rapid pace, so is parcel delivery, putting tremendous pressure on traditional delivery methods. Automated delivery terminals are an efficient and innovative solution that are strategically placed in congested areas such as shopping malls, airports, and train stations to provide consumers with unprecedented convenience and accessibility, regardless of opening hours or return times. This 24/7 accessibility perfectly meets the needs of busy city dwellers and contributes to overall customer satisfaction. The integration of cashless payment options via credit/debit cards ensures seamless and secure transactions, and thus, increases the appeal of these automated systems for both logistics service providers and consumers. For instance, on July 27 2023, Clevon, a global autonomous delivery startup, has introduced a commercial service in Northlake, Texas. The company manufactures self-driving robot carriers and collaborates with PostNet to offer delivery services to customers. After successful testing, the service is now accessible to local residents living near the PostNet office, providing convenient doorstep parcel deliveries. Scheduled between Monday and Friday, deliveries take place from 9 AM to 5 PM within a few miles radius.