The global automated
parcel delivery terminals market is
expected to reach USD 1.06 billion by 2025, according to a new study by Grand
View Research, Inc. The market is expected to witness significant growth, owing
to the rapidly increasing volumes of parcel shipping. Such a considerable
increase in volume is primarily driven by the growth in e-commerce market and
cross-border deliveries globally. In addition, the increasing demand for
alternative delivery solutions is also fueling the market growth.
Automated parcel
delivery terminals are increasingly becoming the preferred alternative delivery
solution as it helps in reducing the cost incurred in the logistics chain. In
addition, it helps in increasing efficiency in deliveries and generating new
market opportunities. These terminals find a high adoption across the globe as
they offer great convenience to both the customer and seller. The terminals
allow the customer to collect their packages at any time of the day as per
their convenience. They also help sellers and logistics providers to avoid losses
incurred due to last mile delivery failures or re-attempt deliveries. Moreover,
the terminals are equipped with POS devices that facilitate cash on delivery
through cards, thus allowing cashless and easy payments for parcels.
The increasing
penetration of internet, smartphones, and Internet of Things (IoT) is further
responsible for driving the demand for intelligent parcel lockers or delivery
terminals. The smartphones provide great ease in verifying, tracking, and
streamlining the transactions.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/automated-parcel-delivery-terminals-market
Further key findings from the study suggest:
·
Indoor deployment location emerged as the
dominant segment in 2016 due to factors such as low threats of vandalism and
burglary. Moreover, parcels are easier to maintain in indoor locations as they
can be recovered even in adverse weather conditions.
·
Retail is anticipated to emerge as the
fastest-growing end-use segment owing to advantages such as ease in handling
parcel deliveries offered by automated parcel delivery terminals.
·
Europe accounted for a significant market
share and was valued at USD 248.0 million in 2016. However, the North American
region is predicted to grow at the highest CAGR of 17.6% from 2017 to 2025,
owing to the increased internet and smartphone penetration.
·
Key industry participants in the market
include Bell and Howell, LLC, InPost Ltd., Winnsen Industry Co., Ltd., Cleveron
AS, KEBA AG, Smartbox Ecommerce Solutions Pvt. Ltd., Neopost Group, TZ Ltd.,
ByBox Holdings Ltd., and ENGY Company, among others.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has
segmented the global automated parcel delivery terminals market based on
deployment locations, end uses, and regions:
Automated Parcel Delivery Terminals Deployment Location
Outlook (Revenue, USD Million; 2014 - 2025)
·
Indoor
·
Outdoor
Automated Parcel Delivery Terminals End-use Outlook
(Revenue, USD Million; 2014 - 2025)
·
Government
·
Retail
·
Shipping & Logistics
·
Others
Automated Parcel Delivery Terminals Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
·
MEA
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automated-parcel-delivery-terminals-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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