Albany – NY, Nov. 15, 2017 (GLOBE NEWSWIRE) — The vendor landscape of the global automated parcel delivery terminals market has a largely consolidated nature, with few companies such as KEBA AG and Integer SA Group (InPost) collectively accounting for a massive share in the global market, observes Transparency Market Research in a recent report. The fairly consolidated vendor landscape features and is also likely to witness an average level of competition as the leading companies need to expand their geographical presence in order to maintain a steady pace of growth in the near future. Most leading vendors are domiciled in Europe, thus making the region one of the leading revenue contributors to the global market.
Some of the other leading vendors in the market are Cleveron Ltd., Bell and Howell, LLC, Smartbox Ecommerce Solutions Pvt. Ltd., Neopost group, ByBox Holdings Ltd., Winnsen Industry Co., Ltd., TZ Ltd., and ENGY Company.
Transparency Market Research estimates that the global automated parcel delivery terminals market will exhibit a promising CAGR of 12.3% from 2017 to 2025, rising from a revenue opportunity of US$335.0 bn in 2015 to US$1.039 bn by 2025. In terms of volume, the market holds the potential of expanding at an equally impressive 11.6% CAGR from 2017 to 2025.
Europe to Continue to Lead in Terms of Demand for Automated Parcel Delivery Terminals
The market in Europe presently leads the global automated parcel delivery terminals market owing to early adoption and the presence of some of the world’s leading companies in the region. The region is also expected to account for a dominant share of the global market throughout the forecast period owing to the rapid pace of adoption of automated parcel delivery terminals by a number of logistics and transport companies in the region.
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In terms of ownership of automated parcel delivery terminals, the segment of shipping/logistic companies is presently the leading contributor of revenue to the global market and is also likely to retain its top spot over the report’s forecast period, clocking the maximum CAGR of all other segments.
Rising Volumes of Parcels for Delivery to Boost Demand for Automated Parcel Delivery Terminals
One of the key factors fueling the uptake of automated parcel delivery terminals is the variety of challenges faced by most conventional delivery systems. While parcel delivery at consumer doorstep is one of the most preferred delivery methods, the mounting volumes of packages across the globe are putting delivery and logistics companies in a complex fix.
Conventional delivery methods such as doorstep delivery fail to rise the expected level of productivity in conditions such as night dispatch, unfavorable weather, and holidays. Conventional delivery mechanisms also face additional challenge of managing the increased volume of parcels for redelivery and storage owing to missed deliveries. These challenges are easily mitigated by introducing automated parcel delivery terminals in the delivery process.
Other More Efficient Parcel Delivery Methods Could Provide Stiff Competition
A key factor limiting the growth prospects of the global automated parcel delivery terminals market is the faster proliferation of alternative parcel delivery services or methods. Air delivery services, for instance, with the help of drones has come across as a more efficient and productive parcel delivery mechanism and is expected to gain increased preference over the next few years.
For the study, the market has been segmented as follows:
Global Automated Parcel Delivery Terminals Market, by Deployment Type
- Indoor Terminals
- Outdoor Terminals
Global Automated Parcel Delivery Terminals Market, by Ownership
- Shipping/logistic Companies
- Government Organizations
Global Automated Parcel Delivery Terminals Market, by Region
- North America
- Asia Pacific
- Rest of the World
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