Automated Delivery Parcel Terminals Market Size Is Projected To Reach USD 1.83 Billion By 2030

 San Francisco, 13 Nov 2024: The Report Automated Delivery Parcel Terminals Market Size, Share & Trends Analysis Report By Deployment Location (Indoor, Outdoor), By End Use (Government, Retail, Shipping & Logistics), By Region, And Segment Forecasts, 2024 - 2030

The global automated delivery parcel terminals Market size is expected to reach USD 1.83 billion by 2030, growing at a CAGR of 12.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth, owing to the rapidly increasing volumes of parcel shipping. Such a considerable increase in volume is primarily driven by the growth in e-commerce market and cross-border deliveries globally. In addition, the increasing demand for alternative delivery solutions is also fueling the market growth.

Automated parcel delivery terminals are increasingly becoming the preferred alternative delivery solution as it helps in reducing the cost incurred in the logistics chain. In addition, it helps in increasing efficiency in deliveries and generating new market opportunities. These terminals find a high adoption across the globe as they offer great convenience to both the customer and seller. The terminals allow the customer to collect their packages at any time of the day as per their convenience. They also help sellers and logistics providers to avoid losses incurred due to last mile delivery failures or re-attempt deliveries. Moreover, the terminals are equipped with POS devices that facilitate cash on delivery through cards, thus allowing cashless and easy payments for parcels.

The increasing penetration of internet, smartphones, and Internet of Things (IoT) is further responsible for driving the demand for intelligent parcel lockers or delivery terminals. The smartphones provide great ease in verifying, tracking, and streamlining the transactions.

Access Research Report of Automated Delivery Parcel Terminals Market @ https://www.grandviewresearch.com/industry-analysis/automated-parcel-delivery-terminals-market

Automated Delivery Parcel Terminals Market Report Highlights

• Indoor deployment location emerged as the dominant segment in 2023 due to factors such as low threats of vandalism and burglary. Moreover, parcels are easier to maintain in indoor locations as they can be recovered even in adverse weather conditions.
• Retail is anticipated to emerge as the fastest-growing end-use segment owing to advantages such as ease in handling parcel deliveries offered by automated parcel delivery terminals.
• Europe accounted for the largest revenue share of 58.1% in 2023. However, the North America region market is expected to witness significant growth over the forecast period, owing to the increased internet and smartphone penetration.

Automated Delivery Parcel Terminals Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 910.2 million
Revenue forecast in 2030	USD 1.83 billion
Growth rate	CAGR of 12.3% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players of Automated Delivery Parcel Terminals Market

• Smartbox Ecommerce Solutions Private Ltd.
• KEBA
• Cleveron AS
• Quadient
• TZ Limited
• com.
• ByBox Holdings Limited
• Bell and Howell LLC.
• ENGY Company
• InPost sp. z o.o.

Access Press Release of Automated Delivery Parcel Terminals Market @ https://www.grandviewresearch.com/press-release/global-automated-parcel-delivery-terminals-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon