NEW YORK, Nov. 16, 2016 /PRNewswire/ --
Global Automated Parcel Delivery Terminals Market: Snapshot
The large amount of human intervention required in conventional parcel delivery systems can make it inconvenient to deliver parcels on time to consumers during the holidays or in bad weather. These failures of conventional delivery systems, coupled with the tremendous increase in parcel numbers thanks to ecommerce, have created a spike in the demand for alternative delivery solutions. This forms the key factor pushing for the increased proliferation of automated parcel delivery terminals and other alternative delivery systems.
An automated parcel delivery terminal can provide a constant service for a user regardless of weather and other issues. This not only increases the convenience for delivery services to transport parcels, but also makes it easier for consumers to return parcels by simply dropping them off at the automated parcel delivery terminals.
However, reduction in human intervention can also create issues in terms of package safety and integrity. The smooth functioning and trustworthiness of a delivery service that uses automated parcel delivery terminals also has a lot to do with convenience. More consumers are more comfortable if the parcel is delivered to their doorstep.
Owing to the above factors and others, the global market for automated parcel delivery terminals is projected at a CAGR of 12.0% from 2016 to 2024. By the end of 2016, this market's revenue is expected to reach US$370.1 mn. By the end of 2024, this revenue is expected to reach US$918 mn.
Europe to Retain Leading Demand for Automated Parcel Delivery Terminals
By the end of 2024, Europe is expected to take up US$552.3 mn of the revenue generated in the global market for automated parcel delivery terminals. The growth of this market in Europe has always been healthy and is expected to continue being so, due to the steady increase in parcel volume and the number of products and e-services being made available.
Meanwhile, North America is showing the faster CAGR of 18.6% from 2016 to 2024. Although this region has preferred ecommerce as a conventional shopping method already, the sheer volume of product types expected to flood the ecommerce sector over the coming years is expected to impart a similarly high growth rate to the automated parcel delivery terminals demand in North America. Consumers are beginning to prefer using automated parcel delivery terminals over conventional doorstep delivery due to the delays that can be caused by the volume of parcels, holidays, and weather.
Shipping/logistics Companies to be Leading Owners of Automated Parcel Delivery Terminals
Companies that operate in shipping and logistics have the most to gain from the use of automated parcel delivery terminals and show a similarly high demand for it. They are expected to remain as the leading users of automated parcel delivery terminals till 2024 in terms of ownership, with a 40.8% share in market value. The increasing volume of parcels getting stuck in the last mile of delivery and in missed deliveries is prompting many prominent shipping/logistics companies to opt for automated parcel delivery terminals.
Retails are also witnessing the advantage of using automated parcel delivery terminals as it allows them to employ an effective, cheaper, and faster delivery model than conventional delivery methods.
The key makers of automated parcel delivery terminals in the world include Cleveron Ltd., Smartbox Ecommerce Solutions Pvt. Ltd., Integer SA Group (InPost), LL OPTIC (Loginpost), KEBA AG, ByBox Holdings Limited, Neopost Group, Winnsen Industry Co., Ltd., Engy Company, and TZ Limited.
Automated parcel delivery terminals are the state-of-the-art delivery solutions, developed to simplify modern-day logistic operation. These are the standalone units, which are deployed in populous areas such as walkways, shopping malls, grocery outlets and railway stations. These terminals allow recipient to receive and return parcel as per their convenience 24/7. Further, trending cross-border delivery and e-commerce markets are significantly resulting the growth in growth of this market.
This research report on the automated parcel delivery terminals market provides detailed analysis of the parcel terminals/units and helps understanding the driving forces behind the popularity of automated parcel delivery terminals in the market. It also provides analysis of major sub-segments of the global automated parcel delivery terminals market for the next eight years. This report includes extensive analysis of industry drivers, restraints, market trends, and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report has segregated the market based on deployment type, ownership, and geography.
Other important points covered in the research study include:
Definitions, estimates, volume units and forecast of the automated parcel delivery terminals market for the period from 2016 to 2024Analysis of the global market and respective sub-segmentsRecent developments of major players and strategies followed by themProfiles of major market participants to help better understand their contribution in the marketThe research report provides a comprehensive assessment of stakeholder strategies, and the imperatives for succeeding in automated parcel delivery terminals market. The report includes competitive analysis of various market segments based on deployment type and ownership for automated parcel delivery terminals, and in-depth cross-sectional analysis across different geographical segments of the automated parcel delivery terminals market. In order to aid in strategic decision-making, the report also includes the winning strategies adopted by key players. The report segregates the automated parcel delivery terminals market based on different geographies into North America, Europe, Asia Pacific, Middle-east and Africa and Latin America.
For detailed understanding of the automated parcel delivery terminals market, all these segments have also been estimated in terms of revenue (US$ Mn) and volume (# units) for the geographies mentioned above. The market research study analyzes the automated parcel delivery terminals market worldwide, and provides historical revenue estimates in terms of US$ Mn for the years 2015 and 2014, along with the market forecast for the period 2016 to 2024. Market forecasts have been analyzed considering the impact of various economic, political, social, legal, operational and technological factors influencing market growth.
The automated parcel delivery terminals market is segmented as follows:
Automated Parcel Delivery Terminals Market, by Deployment Type
Indoor TerminalsOutdoor TerminalsAutomated Parcel Delivery Terminals Market, by Ownership
Automated Parcel Delivery Terminals Market, by Geography
North AmericaEuropeAsia PacificMiddle East and AfricaLatin America
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