Automated Parcel Delivery Terminals Market Size

Automated Parcel Delivery Terminals Market Analysis

The global automated parcel delivery terminals market is expected to grow at a CAGR of more than 12% during the forecast period (2019 - 2024).

• The last-mile delivery is the most challenging part of parcel delivery and it accounts for almost 50% of the total parcel delivery costs. Automated Parcel Delivery Terminals is one of the alternatives that is being explored by the companies.
• The swift growth of e-commerce has shifted the bargaining power towards the consumers, the demand for on-time parcel delivery is also growing. These automated parcel terminals improve the on-time delivery and also present an opportunity for the postal companies in some countries that are unprofitable to reduce the operational costs.
• The rapid penetration of e-commerce and the expenditures by governments to develop a logistics ecosystem are the key drivers for the growth of the market.
• The growth in Cross-border e-commerce is also fueling the parcel terminals market. The cross-border e-commerce market is anticipated to grow at a faster rate than the domestic e-commerce market.
• With the increasing adoption of these parcel terminals, the companies are sending the parcels directly to nearest parcel terminal instead of sending it to nearest post office/distribution center leading to faster delivery of parcels to consumers.
• With the growth in online sales of perishable items such as grocery items, the demand for refrigerated and freezer terminals is also growing.
• Apart from parcel deliveries, these terminals are also being used for postal and financial transactions. Also, the adoption of these parcel terminals results in a significant reduction in emissions.