In this development process, we can also see that the free/convenient/safe characteristics of express lockers are also the reasons for their large-scale promotion and use. However, after the announcement of the fee, the user added additional pickup costs after paying the postage fee once, causing users to stand on the opposite side of Fengchao in a large area. In fact, this also warns all enterprises that the cultivation of user habits is not achieved overnight, nor is it to change user habits.
Let's take a look at the market size of express cabinets. With the rise of online shopping, the scale of the express delivery industry has gradually expanded. The following picture shows the total business volume and income trend of China's express delivery industry in recent years. From 2014 to 2019, my country's express delivery industry revenue maintained an average growth of 29.92%. In 2017, the market size of my country's smart express cabinets exceeded 10 billion yuan, and by 2018, it will be nearly 20 billion yuan.
According to the continuous growth of my country's express delivery business and the rapid development of intelligent express cabinets, it is estimated that the market size of intelligent express cabinets will be nearly 25 billion yuan in 2019. By 2020, the scale of China's express cabinet market will exceed 30 billion yuan. Let's look at another data. In May 2020, Fengchao Smart Cabinet ranked fifth in the monthly list of the WeChat public account industry. Judging from the current development of Fengchao Express Cabinet, it already has a very large user group in the broad market, and it is already a leader in the industry. And how to reasonably achieve revenue generation at the current scale requires careful evaluation.