AUTOMATED PARCEL DELIVERY TERMINALS MARKET: OVERVIEW
The Automated Parcel Delivery Terminals Market was valued at USD 625 Million in 2021, the market is projected to grow USD 1180.40 Million in 2030, at a CAGR of 10.40%. The progressive digitalization of society has changed users’ needs and has a relevant impact on the parcel delivery sector. The incredible growth rate in the e-commerce sector provides online retailers to reach a larger consumer base much faster through digital channels. Besides the comfort of online shopping, customers these days also seek flexible, efficient, low-cost delivery solutions. This is where Automated Parcel Delivery Terminals are set to become decisive in last-mile fulfilment. A secure and reliable method like self-serviced has proven useful and relevant for online shoppers who want more control and convenience over their parcel delivery. The major growth driving factor is the rise of e-commerce, consumer preferences have moved more and more to the center of attention in the previously business-oriented parcel delivery market.
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COVID-19 has certainly brought with its new challenges, also in terms of delivery and logistics. The Coronavirus has brought the world to its knees. As a precautionary measure, people around the world are asked to practice social distancing. Many standard carriers are just unable to deliver packages to certain regions or are incurring massive delays due to they used to transport in normal days. But at the same time, many others have managed to adapt one secure solution to deliver the parcel. The automated parcel delivery terminals allow e-commerce companies to minimize these delays and reduce the impact on their retail partners in international e-commerce logistics and help them to maintain a high level of customer service throughout the pandemic. It can be installed anywhere with power and an Internet supply.
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: TREND
Technology Advancement in Automated Parcel Delivery Terminal
Automated parcel lockers are created with futurist technology keeping in mind the importance of getting sturdy exteriors and upgraded internal systems. The lockers are created exploitation corrosion-resistant steel, and therefore the closet is passed a Windows software system. Parcel locker systems use advanced and complicated code to power the big screen closet. A barcode scanner permits convenient access for traveler personnel to scan parcels. Package recipients scan the barcode within the parcel or place the passcode to access the lockers. machine-driven Parcel Delivery Terminal System options embrace interconnected locker network, put in locker terminals, centralized management of locker network, corrosion-resistant, advanced code for terminals moreover as backend management, integrated with the distributor web site for registration and payment, server authentication, with efficiency run planning, locker loading, and returns, 24×7 terminal police work, convenient card swipe on delivery (csod) payment entryway.
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: DRIVERS
Rising Parcel Volume and Increasing Delivery Re-Attempts Drive Market Growth
The rising use of the internet in the world provides an impetus to online shopping. Electronic channels are rapidly being used by consumers to purchase their daily necessities. In recent years, the volume of e-commerce sales has steadily increased. Although a 20.7% global growth rate was in 2020, the ongoing COVID-19 pandemic is leading to substantial changes in online consumption patterns that have accelerated e-commerce growth beyond any expectations. Consequently, an increasing number of parcels to deliver the goods. It is a growing service network expansion in the logistics industry. The door-to-door delivery service has historically been the foremost frequent mode of delivery for the walk. In this case, the customer merely sits at home and waits for the products to arrive.
Global Automated Parcel Delivery Terminals Market Report Coverage
|Market Size in 2021:||USD 625 Million|
|Forecast Period 2021-2030 CAGR:||10.40%.|
|2030 Value Projection:||USD 1180.40 Million|
|Historical Data for:||2017-2020|
|No. of Pages:||190|
|Tables, Charts & Figures:||74|
|Segments covered:||By Type, By End User, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Smartbox Ecommerce Solutions Pvt. Ltd. Cleveron Ltd. InPost. KEBA AG. Neopost Group. Bell and Howell, LLC. Winnsen Industry Co., Ltd. ByBox Holdings Ltd. ENGY Company . TZ Ltd|
|Growth Drivers:||1)Rising Parcel Volume and Increasing Delivery Re-Attempts Drive Market Growth 2)Availability Of Alternative Delivery Solutions Limit Market Growth|
|Pitfalls & Challenges:||COVID-19 has the potential to impact the global market|
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AUTOMATED PARCEL DELIVERY TERMINALS MARKET: RESTRAIN
Availability Of Alternative Delivery Solutions Limit Market Growth
Many retailers giving free or underpriced deliveries therefore on come back up with sales turnover have exacerbated this recent growth in parcel vehicle activity levels over the walk. As well as this, the demand for ever-faster, immediate same-day services has crystal rectifiers to less-than-vehicle hundreds and larger numbers of vans serving each residential and business district. From changes to land use and infrastructure that have forced depots out of urban centers and rising shopper demand for ever-faster services.
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: SEGMENTATION
The global Automated Parcel Delivery Terminals Market is segmented by Type (Indoor terminal, and Outdoor terminal), End User (Logistics & shipping, Retail, Government organizations, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
SEGMENTATION: BY REGION
Based on the Region, the Global Automated Parcel Delivery Terminals Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
North America region is dominating share of the global Automated Parcel Delivery Terminals market due to the expanding usage of smart connected devices, the industrial Internet of things, and flexible networks. The US automated parcel delivery terminals market is expected to account for 19% of total revenue share, driven by rapid logistic and technological advancement in these businesses, which will lead to market growth. The emergence of new players and an increase in the number of small and large businesses in this region could drive market growth for automated parcel delivery terminals. Over half of the US population is expected to use delivery robots in large numbers within the next five years.
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The Asia Pacific region is anticipated to grow over the next few years of global Automated Parcel Delivery Terminals Market because of significant progress in the logistics ecosystem, particularly in emerging economies such as China and India Similarly, the logistic ecosystems in South America, the Middle East, and Africa are accelerating market growth.
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: KEY PLAYERS
- Smartbox Ecommerce Solutions Pvt. Ltd.
- Cleveron Ltd.
- KEBA AG
- Neopost Group
- Bell and Howell, LLC.
- Winnsen Industry Co., Ltd.
- ByBox Holdings Ltd.
- ENGY Company
- TZ Ltd
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: RECENT DEVELOPMENT
- March 2021- Venipak intends to invest 4 million euros in the Baltics to expand its automated parcel machine network by 600 units. 600 new contactless machines are being installed to support the company's plan to install 600 new hands-free automated parcel machines strategically located throughout the Baltic states.
- April 2021- Cleveron, the world's largest leading parcel delivery robotics company, has unveiled the Cleveron 701 unmanned semi-autonomous last mile delivery vehicle. This product is intended for retailers and logistics firms looking to improve their last mile delivery solutions and efficiencies. This enables businesses to comply with the recent acceleration of ecommerce and the rapidly changing retail environment by expanding their same-day delivery capabilities.
AUTOMATED PARCEL DELIVERY TERMINALS MARKET: REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global Automated Parcel Delivery Terminals Market. The Global Automated Parcel Delivery Terminals Market is segmented by Type, End User, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Automated Parcel Delivery Terminals Market
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