ALBANY, New York, June 13, 2016 /PRNewswire/ --
According to the latest market intelligence report published by Transparency Market Research entitled "Automated Parcel Delivery Terminals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024," the global automated parcel delivery terminals market accounted for US$ 335 Mn in 2015 and is estimated to reach US$ 918 Mn in 2024 at a CAGR of 12% throughout the forecast period. In terms of volume, the global automated parcel delivery terminal market stood at 17,719 units and is projected to reach 46,063 units in 2024, rising at a CAGR of 11.4% in 2024. Europe was the largest market for the automated parcel delivery terminals market in 2015. Growth in the region was driven by the established logistic ecosystem in the countries such as Germany, the U.K. and the Netherlands and the increasing prominence of e-retail businesses.
Automated parcel terminals have been a part of the parcel delivery business for the past several years; however, a large part of world still remains untapped. However, with the flourishing of the e-commerce business around the world the automated parcel delivery terminals market is expected to witness strong growth during the forecast period. Furthermore, the reduction of operating costs owing to delivery re-attempts and provision of convenient parcel delivery solutions for recipients are the primary factors fuelling the growth of the market for automated parcel delivery terminals.
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The report provides a cross-segment analysis of the automated parcel market, on the basis of deployment type and ownership. On the basis of deployment type, the market is further categorized into outdoor terminals and indoor terminals. Indoor parcel terminals are expected to hold significant market share as compared to outdoor automated parcel terminals. Low set-up and operating costs, along with the convenience of retrieving parcels even in harsh weather conditions are the primary growth drivers of the indoor parcel delivery terminals segment. On the basis of the ownership of these parcel units, automated parcel delivery terminal market is classified into shipping/logistic companies, retailers, government organizations (postal), and others (large organizations, universities, etc.). Shipping and logistic companies are likely to emerge as the fastest-growing segment of the global automated parcel delivery terminals market. The increasing parcel volume, especially due to in the growth of e-retail business is the crucial factor leading to the adoption of automated parcel delivery terminals in shipping and logistics companies. However, factors such as susceptibility to burglary and the need for a large installation space for deployment are likely to restrain the growth of automated parcel delivery terminals. These factors are likely to have a significant impact in the earlier part of the forecast period.
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On a global scale, Europe led the automated parcel terminal market and was followed by Asia Pacific in 2015. The early adoption of automated parcel terminals among retailers, logistics companies, and government organization was the key parameter leading to the dominance of the automated parcel delivery terminals market in Europe. Simultaneously, countries such Australia, Japan, China, and Singapore are some of the frontrunners in terms of the adoption of automated parcel delivery terminals in Asia Pacific. However, countries such as India, Thailand, and South Korea offer significant growth opportunities for automated parcel delivery terminals in Asia Pacific. At present, the automated parcel delivery terminal market is dominated by large European manufacturers; new entrants, especially from emerging economies, are likely to mark their presence in the near term. Some of the key manufacturers of automated parcel delivery terminals are Cleveron Ltd., Neopost group, TZ Ltd., ByBox holdings Ltd., ENGY Company, Winnsen Industry Co., Ltd., LL OPTIC (Loginpost), InPost S.A., and KEBA AG.
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The automated parcel delivery terminal market is segmented as follows:
Automated Parcel Delivery Terminals Market, by Deployment Type
- Indoor Terminals
- Outdoor Terminals
Automated Parcel Delivery Terminals Market, by Ownership
- Shipping/Logistic Companies
- Government Organization
- Others (Educational institutes, Large Organizations)
Automated Parcel Delivery Terminals Market, by Geography
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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