19th September 2019 – Global Automated
Parcel Delivery Terminals Market is expected to reach USD 1.06 billion
by 2025. Automated Parcel Delivery Terminals is also termed as automated
lockers/parcel kiosks are the separate units that are mounted in populated
places like railway stations, shopping malls, grocery channels, and walkways.
These terminals allow receiver to receive parcel or return their parcels within
24/7. The Automated Parcel Delivery Terminals Market is estimated to grow at a
significant CAGR over the forecast period as the scope and its applications are
rising enormously across the globe.
Growing internet penetration and
e-commerce business, low operating cost, and rise in cross border deliveries
are documented as major factors of Automated Parcel Delivery Terminals Market
that are estimated to enhance the growth in the years to come. However, requires
large installation space for deployment, vulnerability to burglary, and growing
other alternatives for delivery technology are the factors that may restrain
overall market growth in the coming years. Automated Parcel Delivery Terminals
industry is segmented based on deployment location, end-users, and region.
Outdoor terminals and indoor terminals
are the deployment locations that could be explored in Automated Parcel
Delivery Terminals in the forecast period. The indoor terminals sector
accounted for the substantial market share and is estimated to lead the overall
market in the coming years. This may be because they are cost efficient in
comparison with outdoor terminals to operate and install, stress-free recovery
of parcels in tough weather, and provides protection against vandalism and
burglary.
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The market may be categorized based on
end users like Institutions, retailers, government organizations, shipping and
logistics, and others that could be explored in the forecast period. Government
organization comprise postal departments, whereas, institutions comprise
universities. The shipping and logistics sector accounted for the substantial
market share of Automated Parcel Delivery Terminals and is estimated to
continue its dominance in the coming years. This may be because of increasing
volume of parcels and delivery failures. In addition, the retail sector is
estimated to grow at fastest pace in the coming years.
Globally, Europe accounted for the
substantial market share of Automated Parcel Delivery Terminals and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be presence of key manufacturers in the region,
rising use of enhanced technology, and high demand of automated parcel from
several government organizations, logistics companies, and retailers.
Instead the Asia Pacific and North
America are also estimated to have a positive influence on the future growth.
North America is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at fastest pace with the highest
CAGR in the foremost period. The aspects that may be ascribed to the growth
comprise growing ecosystem for logistics in the emerging countries like China
and India.
The key players of Automated Parcel
Delivery Terminals Market are ENGY Company, In Post, TZ Ltd., Cleveron Ltd.,
Winnsen Industry Co., Ltd., KEBA AG, ByBox Holdings Ltd., Smartbox Ecommerce
Solutions Pvt. Ltd., Neopost group, and Bell and Howell, LLC. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As companies all over the world have to believe that alliance with
a market would permit them proportional market existence and authority to
declare the leadership position.
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