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Automated Parcel Delivery Terminals Market Size

  • Report ID: GMI10709
  • Published Date: Aug 2024
  • Report Format: PDF

Automated Parcel Delivery Terminals Market Size

Automated Parcel Delivery Terminals Market size was valued at USD 872.3 million in 2023 and is estimated to register a CAGR of over 11% between 2024 and 2032. The exponential rise in e-commerce has been a primary driver for the market. With consumers increasingly preferring online shopping, the volume of packages requiring efficient and secure delivery solutions has surged.

 

Automated parcel delivery terminals offer a convenient and flexible alternative to traditional delivery methods, enabling customers to pick up their packages at their convenience. This is particularly appealing in urban areas where last-mile delivery can be challenging due to traffic congestion and parking issues. The scalability and efficiency of these terminals help e-commerce companies manage the growing volume of deliveries, improve customer satisfaction, and reduce delivery costs.
 

In January 2024, InPost launched a parcel locker service at Katowice Airport in Poland, located in Terminal B near security, which allows passengers to send prohibited items by post. Passengers can use free boxes and tape to pack items and arrange delivery via the InPost app to another locker or Polish address, thus enhancing passenger comfort and expanding to Terminal A. Moreover, modern consumers expect a seamless shopping experience, which extends to the delivery of their purchases.
 

Automated parcel delivery terminals provide a 24/7 accessible solution, allowing customers to retrieve their parcels at any time that suits them. This flexibility is especially beneficial for those with busy schedules who cannot always be home to receive deliveries. The convenience of these terminals further reduces the likelihood of missed deliveries and the associated inconvenience of arranging redelivery or collection from a distant location. As consumer lifestyles become busier, the demand for such convenient delivery solutions are expected to grow and create lucrative opportunities for the automated parcel delivery terminals market.
 

Establishing a network of these terminals requires substantial capital expenditure, including the costs of purchasing the equipment, installing them in suitable locations, and integrating necessary technological infrastructure. Additionally, there are ongoing maintenance costs to ensure the terminals remain operational and secure, which can include software updates, hardware repairs, and monitoring systems.
 

For many businesses, especially smaller retailers and logistics companies, these expenses can be a considerable barrier to entry. Moreover, ensuring the terminals are placed in optimal locations that balance accessibility for consumers with security concerns can be complex and costly. This challenge is further compounded by the need to regularly upgrade and adapt the technology to keep up with advances in security features and user interfaces, ensuring a consistent and reliable user experience.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated parcel delivery terminals reached USD 872.3 million in 2023 and is set to register over 11% CAGR between 2024 and 2032, led by the rise in e-commerce.

The indoor terminal segment accounted for over 57% share in 2023, due to their enhanced security and safety benefits.

Asia Pacific market held over 35% share in 2023, attributed to the strong focus on technological innovation and infrastructure development.

Bell and Howell, LLC, ENGY Company, InPost, Keba AG, LockTec, Pitney Bowes, and Quadient.

Automated Parcel Delivery Terminals Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 341
  • Countries covered: 25
  • Pages: 200
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