The global automated parcel delivery terminals market size will grow by USD 543.95 million during 2019-2023. This market report provides a detailed analysis of the market by deployment (indoor and outdoor) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including Bell and Howell LLC, ByBox Group Holdings Ltd., Cleveron AS, Click n Collect Pty Ltd., Integer.pl Capital Group, KEBA AG, Neopost SA, SITEC GmbH, Smartbox Ecommerce Solutions Pvt. Ltd., and TZ Ltd.
Key Insights on Automated Parcel Delivery Terminals Market - Global Forecast 2019-2023
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Industry Overview
With the rapidly developing Internet services and network and advances in distribution channels, modernization of parcel delivery system has become prevalent. As a result, parcel delivery vendors have started automating their operations to meet the need for quick delivery. The growing e-commerce industry has further augmented the need for an efficient delivery system. Vendors have come up with automated parcel delivery terminals from where customers can collect packages at their convenience. Such technological advances in the delivery systems not only help retailers and e-commerce companies in fulfilling consumer demand in real-time but also aid in reducing operational costs.
Automated parcel delivery terminals help sellers and logistics service providers in eliminating losses incurred because of failures in last-minute delivery. Also, the POS systems installed in automated terminals simplify COD and other easy payment methods. Such enhancements in automated delivery systems, will have a significant influence in the growth of the automated parcel delivery terminals market growth over the forecast period.
Vendors are constantly innovating their services with the advent of new technologies. For instance, the emergence of electric and battery-operated automated vehicles has encouraged transportation and logistics companies to adopt these modern vehicles. The use of these vehicles will not only reduce their carbon footprint but also enhance their service efficiency. These vehicles can also be considered as pick up terminals when parked in a certain location. Therefore, increased R&D on the applications of advanced systems in the logistics industry will augment the demand for autonomous and electric vehicles for parcel delivery. This is one of the key automated parcel delivery terminals market trends that will gain traction during the forecast period. As a result of these factors, the market will register a CAGR of over 11% during 2019-2023.
Top Companies in Automated Parcel Delivery Terminals Market
The global market is moderately concentrated. To help clients improve their market positions, this automated parcel delivery terminals market forecast report provides an analysis of the market’s competitive landscape and offers information on the services offered by various companies. This automated parcel delivery terminals market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies in creating strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading automated parcel delivery terminals companies, including:
- Bell and Howell LLC
- ByBox Group Holdings Ltd.
- Cleveron AS
- Click n Collect Pty Ltd.
- Integer.pl Capital Group
- KEBA AG
- Neopost SA
- SITEC GmbH
- Smartbox Ecommerce Solutions Pvt. Ltd.
- TZ Ltd.
Market Segmentation
Automated Parcel Delivery Terminals Market by Deployment
The indoor segment held the largest market share in 2018 and will account for the highest automated parcel delivery terminals market share over the forecast period as well. The easy to install, safety, proximity, lower maintenance, and greater lifespan features of indoor parcel delivery terminals will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the automated parcel delivery terminals market size.
Automated Parcel Delivery Terminals Market by Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that Europe will account for the highest share of the automated parcel delivery terminals market throughout the forecast period. Factors such as the extensive presence of vendors and the growing awareness about greenhouse gas emissions are contributing to the automated parcel delivery terminals industry growth in the region.
Major Highlights of the Automated Parcel Delivery Terminals Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automated parcel delivery terminals market during the next five years
- Precise estimation of the global automated parcel delivery terminals market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automated parcel delivery terminals industry APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automated parcel delivery terminals companies
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