Automated parcel delivery is an advance and novel method of delivering parcels over the traditional methods. The market for automated parcel delivery terminal is gaining momentum on the ground of increasing e-commerce sector, penetration of internet and increasing cross-border deliveries. It minimizes cost incurred in the logistic chain and improves the efficiency of parcel delivery. Moreover, the rising number of working population and the well-equipped terminals with POS which helps in COD via cards is expected to propel the market growth.
As per Value Market Research, Automated Parcel Delivery Terminals market is expected to be worth USD 897.5 MN by 2024 with a CAGR of 11.2%. By volume, the market is expected to reach XX.X Thousand Units by 2024 with a CAGR of X.X%.
INDOOR TERMINALS IS GAINING MOMENTUM
The indoor terminal was dominating segment in 2017. As per the study, indoor deployment is expected to generate USD XX.X MN revenue by the end of 2024. Indoor deployment is rapidly growing on the account of numerous benefits offered such as cost efficiency, less capital investment, and easy installation. Additionally, it offers easy collection and delivery of parcels and minimizes the operational cost which is further expected to propel the segment growth.
SHIPPING/LOGISTIC COMPANIES FUELING THE AUTOMATED PARCEL DELIVERY TERMINALS MARKET
Shipping/Logistic companies are widely adopting automated parcel delivery system owing to increasing volume of parcels. Additionally, the automated parcel delivery provides the instant delivery feature which is fueling the growth. Moreover, highly skilled workforce and comparatively low-cost offer by the companies further expected to drive the segment growth. It is estimated that shipping/logistic companies will generate the revenue of USD XX.X MN by the end of 2024.
REGIONAL OUTLOOK FOR AUTOMATED PARCEL DELIVERY TERMINALS MARKET
In 2017, Europe was accounted for the largest market share in the global automated parcel delivery market and it is estimated to generate the revenue of USD XX.X MN by the end of 2024. The growing e-commerce industry and rising adoption of new methods of parcel delivery over conventional methods are the key factors driving regional market growth. Additionally, the growing number of the working population in the region along with the growth of shipping & logistics industry is further expected to fuel the automated parcel delivery market.
PROMINENT PLAYERS OF AUTOMATED PARCEL DELIVERY TERMINALS MARKET
ByBox Holdings Ltd., Cleveron Ltd., ENGY Company, InPost S.A., Keba AG, Neopost group, Smartbox E-commerce Solutions Pvt. Ltd., TZ Ltd., and Winnsen Industry Co., Ltd. are the major players in the market.
Global Automated Parcel Delivery Terminals Market Overview
The global Automated Parcel Delivery Terminals market was valued at USD 739.9 MN in 2021 and is predicted to reach over 1625.49 MN by 2028 with a CAGR of over 11.9% between 2022 and 2028. Automated parcel delivery terminals are steadily becoming the ideal substitute delivery solution as it helps reduce the expenditure gained in the logistics chain. The market is predominantly driven by the significant growth of the e-commerce industry and growing international shipments. The market is mainly influenced by a rapid increase in online shopping, resulting in generated a high demand for fast delivery services. Also, factors such as the inability to make deliveries to remote or villages' areas and failed delivery attempts are responsible for arousing additional costs to the companies. Thus, self-pickup solutions like automated parcel delivery terminals are gaining acceptance among e-commerce retailers. By volume, the market is likely to reach 47 thousand units by 2026 with a CAGR of XX%.
Furthermore, rising internet penetration and smartphone globally, has allowed the consumer to import or buy products from other countries. This is predicted to result in notable growth in the shipment volumes. Also, to avoid late and failed deliveries, retailers focus on adopting alternative parcel delivery solutions. Many governments, especially in developing countries such as India and China, are significantly focusing on digitalization and promoting cashless payment. The COD payment option available in parcel delivery terminals allows clients and their customers to make a successful transaction, thus aids governments in achieving their political plans of a digital, cashless, and more transparent economy. However, the rising burglary cases and the availability of alternative delivery solutions like delivery drones may impede the growth of the automated parcel delivery terminals market.
The market is highly concentrated by the presence of a few established players having terminals network globally. Key players operating in the market include KEBA AG, Smartbox Ecommerce Solutions Pvt. Ltd., Cleveron AS, InPost Ltd., Winnsen Industry Co., Ltd., Neopost Group, TZ Ltd., ByBox Holdings Ltd., Bell and Howell, LLC, and ENGY Company, among others. In order to expand their terminals network in different countries, the majority of players form collaboration and partnership with logistics and e-commerce companies. Furthermore, new players' entry into the market is expected to decrease the market share of leading players.
In this market research report, the market is segmented by deployment type, ownership, and region.
Analysis by Deployment Type
Based on deployment type, the market is bifurcated into Indoor Terminals and Outdoor Terminals. The indoor terminals held the largest market share in 2019 accounting for more than 55% of the total market. Due to low threats of burglary and can be easily installed along with easy collection, delivery and recovery of parcels even in bad weather conditions. In addition to indoor terminals offers more cost benefits in comparison to outdoor terminals as they need lesser installation cost, maintenance and operation.
Analysis by Ownership
By ownership, the market has been segmented into Retailers, Shipping & Logistic Companies, Government Organization and Others. Shipping and Logistics companies hold the largest market share and is expected to reach USD 500 MN by 2026, with a CAGR of 11.4% between 2020 and 2026. This can be attributed to the rapidly growing parcels volume and rising cases of delivery failures, which are fuelling shipping/logistics companies to opt for automated parcel delivery terminals. Furthermore, the retail segment is expected to grow at a fastest pace from 2020 to 2026.
Analysis by Region
The global automated parcel delivery terminals market has been studies across North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Within the automated parcel delivery terminals market, many regions are seen to shown different growth trends. Europe held the largest share of the total automated parcel delivery terminals market followed by North America. While the Asia Pacific is expected to exhibit high growth along with the increasing growth in China, Japan and India along with adoption of advanced technologies and constantly growing e-commerce market.
Market segmentation covered in the report:
By Deployment Type
- Indoor Terminals
- Outdoor Terminals
By Ownership
- Retailers
- Shipping/Logistic Companies
- Government Organization
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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