Automated Parcel Delivery Terminals Market Heading Towards US$ 918.0 Mn by 2024 Due to Rising E-commerce Business Across the World
Automated parcel delivery terminals offer convenient and easy parcel delivery solutions for recipients. These terminals are equipped with a number of usable units (the exact number depending upon the size of the unit) and are controlled by a central computer unit. In this delivery system, the parcel to be delivered is stored in the usable boxes of the terminal, which is located in the vicinity of the recipient’s home (or in a location of the recipient’s choice) and the latter is notified of the delivery through an SMS or e-mail. At the terminal, the recipient enters the verification code and retrieves the destined parcel. The process remains the same at the time of parcel return or delivery of a new parcel. This delivery system has been designed to meet the challenges of modern-day parcel services: rising parcel volume and increasing delivery re-attempts. Improving cognizance among logistics companies to reduce carbon footprint is one of the key trends, fuelling the growth of the automated parcel delivery terminals market.
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The automated parcel delivery terminals market is segmented on the basis deployment type, ownership, and geography. In terms of deployment type, automated parcel delivery terminals market is further classified into indoor terminals and outdoor terminals. Indoor terminals are deployed at grocery outlets, convenient stores, shopping malls, gas stations, and railway stations. On the contrary, outdoor terminals are deployed at locations with the maximum footfall, such as walkways and convention centers. Indoor parcel terminals are likely to hold significant market presence throughout the forecast period. Ease of access and low maintenance cost are the primary factors behind the growth of indoor parcel terminals. Based on ownership, the market for automated parcel delivery terminals is classified into retailers, shipping/logistic companies, government organizations, and others (educational institutes and corporate businesses). Retailers and shipping/logistic companies are likely to be major contributors to the growth of the automated parcel delivery terminals market. On the basis of geography, the automated parcel delivery terminals market is broadly categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these regions, Europe is likely to be the market leader in 2015.
A growing e-commerce market globally and improved spending from government organizations to develop a conventional logistic ecosystem are the key growth drivers of the automated parcel delivery terminals market. In addition, rising demand for alternative delivery solutions is fuelling the growth of this market. The significant increase in e-retail in developed and developing economies has led to huge increase in parcel volume, which has challenged the conventional doorstep delivery model. Also, varying working hours and the growth of nuclear families have led to delivery re-attempts, high delivery costs, and a growing carbon footprint. Thus, to ease out last-mile delivery of these parcels, automated parcel delivery terminals have come into effect. However, threats of burglary and the development of competitive parcel delivery solutions such as air-drones are some of the restraining factors to the growth of global automated parcel delivery terminals market. In Europe, automated parcel delivery terminals became functional a decade ago. However, significant parts of the world still remain untapped markets for this state-of-the-art delivery solution, which showcases a huge market opportunity among its manufacturers.
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Some of the key manufacturers of automated parcel delivery terminals market are Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt. Ltd., ENGY Company, Winnsen Industry Co., Ltd., LL OPTIC (Loginpost), InPost S.A., and KEBA AG.