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.
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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.
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.
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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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