Value Market Research investigates important information in its upcoming market outlook on the Global Automated Parcel Delivery Terminals Market. The projection shows that the global automated parcel delivery terminals market was valued USD 425.6 MN (by revenue) in 2017 and is anticipated to reach USD 897.5 MN by 2024 with a CAGR of 11.2%. Automated parcel delivery terminals market is projected to exhibit promising opportunities in the near future in response to the booming e-commerce business worldwide. The automated parcel delivery terminals are modern state-of-the-art delivery systems that offer convenient delivery and return options to the consumers. The market for automated parcel delivery terminal has been expanding on the back of growing number of online orders for various items.
Rising usage of internet, which in turn has created high demand for express delivery services along with increase in the cross-border deliveries and cutting operating cost is also motivating the market growth. The increasing usage of the internet and smartphones has enabled consumers to import products from other countries, thus this is expected to witness considerable growth in the demand of shipments. Further, the government in emerging economies are greatly emphasizing digitization and promoting cashless payments concept, which is also expected to open new avenues to the industry. Therefore, these terminals are expected to experience a high acceptance rate across the globe as they offer great expediency to both the purchaser and seller in the near future.
The report - Global Automated Parcel Delivery Terminals Market Report By Deployment Type (Indoor Terminals And Outdoor Terminals), Ownership (Retailers, Shipping/Logistic Companies, Government Organization, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024” provide exhaustive analysis on different market aspects which are expected to change the market situation.
Segmentation sections include deployment type, ownership, and region. The type has been categorized into indoor terminals and outdoor terminals. Indoor deployment is gaining popularity owing to less threat of vandalism and burglary. Also, this terminals are very convenient and can be easily installed owing to lesser regulatory and environmental requirements. Additionally, they are cost effective in comparison to outdoor terminals as they require low capital for installation, operation, and maintenance. Ownership segment is further classified into retailers, shipping/logistic companies, government organization, and others. The shipping & logistic is leading the segment this can be attributed to the gradually growing number of parcels and cases of delivery failures, which are stimulating the adoption of automated parcel delivery terminals by shipping/logistics companies. In terms of geography, report covers a top-five region which includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Out of which, European region have acquired the major portion of the market share owing to the presence of well-established major players in the region.
The Report Segments Global Automated Parcel Delivery Terminals Market -
By Deployment Type
Players Profiled In The Report:
ByBox Holdings Ltd., Cleveron Ltd., ENGY Company, InPost S.A., Keba AG, Neopost group, Smartbox Ecommerce Solutions Pvt. Ltd., TZ Ltd., and Winnsen Industry Co., Ltd.
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