The global automated parcel delivery terminals is poised to reach USD 543.95 million by 2023, according to a new report by Technavio, progressing at a CAGR of over 11% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global automated parcel delivery terminals market 2019-2023. (Graphic: Business Wire)
Read the 127-page research report with TOC on "Automated Parcel Delivery Terminals Market Analysis Report by Deployment (indoor and outdoor), by Geography (Europe, APAC, North America, MEA, and South America), and Segment Forecasts, 2019 2023"at:
The market is driven by the rapid growth in the e-commerce industry. In addition, the advances in distribution channels and product enhancements are also anticipated to further boost the demand for automated parcel delivery terminals during the forecast period.
With the rise in Internet penetration, e-commerce sales have been growing at an unprecedented rate in recent years. The fast paced development and rising popularity of online shopping in the emerging economies of India, China, and Indonesia is expected to increase the dominance of e-commerce in these countries. Increasing concerns pertaining to the quality and timing of parcel deliveries is encouraging e-commerce companies to use automated parcel delivery terminals. The use of these terminals allows consumers and e-commerce companies to save costs by minimizing labor costs and fuel costs incurred in the door-to-door delivery of parcels. In addition, the convenience offered by these terminal enables the pick-up and drop of parcels at any time of the day is also expected to boost the demand for automated parcel delivery terminals during the next few years.
With the growing adoption of innovative distribution channels, the market has been witnessing new methods of parcel delivery. Retailers, manufacturers, and e-commerce companies are committed to fulfilling the demands of modern consumer in real time without affecting the operational costs. Therefore, market players are integrating advanced technologies including the face recognition technology, predictive maintenance, remote diagnostics, and advanced IoT-enabled services to provide customer-centric services. In addition, these automated terminals are equipped with POS systems, which, further aid in simplifying the bill payments. Thus, the advancements in products and distribution channels will drive the automated parcel delivery terminals market in the coming years.
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The report includes detailed profiles of the leading companies prominent vendors of the market:
- Bell and Howell LLC
- ByBox Group Holdings Ltd.
- Cleveron AS
- Click n Collect Pty Ltd.
- Integer.pl Capital Group
- KEBA AG
- Neopost SA
- SITEC GmbH
- Smartbox Ecommerce Solutions Pvt. Ltd.
- TZ Ltd.
Market Segmentation by Deployment:
The automated parcel delivery terminals can be broadly categorized into the following:
Key Regions for the Automated Parcel Delivery Terminals Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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