Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 840.4 Million | USD 2,167.20 Million | CAGR at 11.10% | 2023 |
According to the report published by Zion Market Research, the global Automated Parcel Delivery Terminals Market size was valued at USD 840.4 Million in 2023 and is predicted to reach USD 2,167.20 Million by the end of 2032. The market is expected to grow with a CAGR of 11.10% during the forecast period. The report analyzes the global Automated Parcel Delivery Terminals Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automated Parcel Delivery Terminals Market industry.
Automated parcel delivery terminals are gradually becoming the ideal substitute delivery solution as it supports in decreasing the expenditure gained in the logistics chain. In addition, it helps in the good organization in deliveries and generating new prospects. They also support logistics providers and sellers to cut down on losses incurred owing to last-minute delivery failures or even avoid re-attempt deliveries. Furthermore, the terminals are well equipped with POS equipment that helps in cash on delivery via cards, thus letting cashless and simple payments for parcels.
The automated parcel delivery terminals market is projected to see a considerable growth, due to the quickly growing volumes of parcel shipping. The significant expansion in the volumes of parcel shipping is mainly fueled by the development of the cross-border deliveries and e-commerce market globally. Furthermore, the rising demand for different delivery solutions is also propelling the market development thus increasing the demand for the automated parcel delivery terminals market. The automated parcel delivery terminals solutions are gradually becoming the chosen alternative delivery solution as it supports in decreasing the cost acquired in the logistics chain.
Additionally, it supports in increasing the effectiveness in generating new market prospects, opportunities, and deliveries. These terminals are expected to find a high acceptance rate across the world as they present great expediency to both the purchaser and seller due to which the automated parcel delivery terminals market will increasingly grow in the coming years.
The global automated parcel delivery terminals market is classified based on the end user, deployment type, and geography.
Deployment types are further divided into indoor and outdoor terminals.
Based on end users, the automated parcel delivery terminals market is categorized into logistics & shipping, retail, government organizations, and others (large enterprises, educational institutions).
Report Attributes | Report Details |
---|---|
Report Name | Automated Parcel Delivery Terminals Market Research Report |
Market Size in 2023 | USD 840.4 Million |
Market Forecast in 2032 | USD 2,167.20 Million |
Growth Rate | CAGR of 11.10% |
Number of Pages | 196 |
Key Companies Covered | Cleveron Ltd., InPost, KEBA AG, Neopost Group, Bell and Howell, LLC., Winnsen Industry Co., Ltd., ByBox Holdings Ltd., ENGY Company, and TZ Ltd., are among others. |
Segments Covered | By End user, By Deployment Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is anticipated to dominate and control the global automated parcel delivery terminals market. Its dominant place has actually resulted from the early acceptance of the automated parcel terminals by several logistics companies, retailers, and a variety of government organizations. In addition, the presence of the most important players in the region has also worked in support of the market. It is also anticipated, that Europe is estimated to hold a major share in the coming years.
Europe is projected to be trailed by the Asia Pacific. This is mainly due to the significant development in the ecological unit for logistics in the up-coming economies of China and India. In the same way, expansion of logistics ecosystems in Brazil and South Africa are also catalyzing the development of the market in South America and the Middle East and Africa. The U.S., Canada, and the UAE are also anticipated to contribute considerably to the global automated parcel delivery terminals market in the coming future.
By End user
By Deployment Type
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