Automated Parcel Delivery Terminals Market Can Rise Rapidly Between 2018 and 2025

The global automated parcel delivery terminals market size 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.

Further key findings from the report 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 automated parcel delivery terminals 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.

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The increasing penetration of internet and smartphones across the globe has enabled consumers to import products from other countries. This is expected to result in considerable growth in the volumes of parcel shipments. Moreover, in order to avoid delayed and unsuccessful deliveries, retailers are emphasizing the adoption of alternative parcel delivery solutions.

Governments across the globe, especially in emerging nations such as China and India, are greatly emphasizing digitalization and promoting cashless payments. The Cash on Delivery (COD) option available in intelligent parcel delivery terminals allows clients and their customers to make successful and smooth transactions, thus helping governments in achieving their political agendas of digital, cashless, and more transparent economy.

The indoor deployment location segment accounted for a significant automated parcel delivery terminals market share in 2016. However, the outdoor deployment location segment is expected to emerge as the fastest growing segment with a CAGR of 15.9% from 2017 to 2025.

The high popularity of indoor terminals can be attributed to low threats of vandalism and burglary. These terminals are considered convenient by the end users and can be easily installed due to lesser regulatory and environmental requirements. In addition, they enable the easy collection, delivery, and recovery of parcels, even in adverse weather conditions.

Indoor terminals offer more cost benefits in comparison to outdoor terminals as they require lesser capital for installation, maintenance, and operation. However, despite these advantages, outdoor deployment location is expected to grow at the highest rate, owing to the increasing demand for smart cities and greater availability of intelligent parcel lockers at outdoor locations to offer more convenience to customers.

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The shipping & logistic end-use segment dominated the end-use segment in 2016 and was valued at USD 154.0 million in 2016 This can be attributed to the swiftly growing volume of parcels and instances of delivery failures, which are propelling prominent shipping/logistics companies to opt for automated parcel delivery terminals.

Failure of last mile deliveries incurs huge losses to logistics companies, contributing to about 70% of the overall costs. Automated parcel delivery terminals facilitate up to 25% reduction in the overall transportation cost of packages.

About Grand View Research

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