Global market expansion and demand growth
The global smart express cabinet market is experiencing rapid growth, and China, as a major exporting country, has benefited from the surge in cross-border e-commerce and overseas warehouse demand for its foreign trade business. In 2024, the market size of China's intelligent express delivery cabinets will reach 58 billion yuan, a year-on-year increase of 16%, while the cross-border e-commerce logistics market will reach 3.28 trillion yuan, a year-on-year increase of 30.15%. The North American market is dominated by the United States, with a market size of 292 million US dollars for smart express delivery cabinets in 2023, of which the United States accounts for 86.97%, mainly due to the popularity of e-commerce and consumers' demand for convenient delivery. The European market is also active, with Cainiao Network's overseas warehouse shipments in Poland growing by over 120% year-on-year in 2024, indicating strong demand for smart express cabinets in cross-border logistics. In addition, Southeast Asia and Latin America markets have become new growth points due to the rise of e-commerce, and it is expected that demand will continue to rise in the coming years, providing vast space for foreign trade enterprises.