openPR Logo
Press release

Automated Parcel Delivery Terminals Market - Revenue is Expected to reach US$370.1 mn. By the end of 2024

02-14-2017 03:54 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Automated Parcel Delivery Terminals Market - Revenue

The large amount of human intervention required in conventional parcel delivery systems can make it inconvenient to deliver parcels on time to consumers during the holidays or in bad weather.

These failures of conventional delivery systems, coupled with the tremendous increase in parcel numbers thanks to ecommerce, have created a spike in the demand for alternative delivery solutions. This forms the key factor pushing for the increased proliferation of automated parcel delivery terminals and other alternative delivery systems.

An automated parcel delivery terminal can provide a constant service for a user regardless of weather and other issues. This not only increases the convenience for delivery services to transport parcels, but also makes it easier for consumers to return parcels by simply dropping them off at the automated parcel delivery terminals.

However, reduction in human intervention can also create issues in terms of package safety and integrity. The smooth functioning and trustworthiness of a delivery service that uses automated parcel delivery terminals also has a lot to do with convenience. More consumers are more comfortable if the parcel is delivered to their doorstep.

Owing to the above factors and others, the global market for automated parcel delivery terminals is projected at a CAGR of 12.0% from 2016 to 2024. By the end of 2016, this market’s revenue is expected to reach US$370.1 mn. By the end of 2024, this revenue is expected to reach US$918 mn.

Europe to Retain Leading Demand for Automated Parcel Delivery Terminals
By the end of 2024, Europe is expected to take up US$552.3 mn of the revenue generated in the global market for automated parcel delivery terminals.

The growth of this market in Europe has always been healthy and is expected to continue being so, due to the steady increase in parcel volume and the number of products and e-services being made available.

Meanwhile, North America is showing the faster CAGR of 18.6% from 2016 to 2024. Although this region has preferred ecommerce as a conventional shopping method already, the sheer volume of product types expected to flood the ecommerce sector over the coming years is expected to impart a similarly high growth rate to the automated parcel delivery terminals demand in North America.

Consumers are beginning to prefer using automated parcel delivery terminals over conventional doorstep delivery due to the delays that can be caused by the volume of parcels, holidays, and weather.

Request A Sample Of This Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11093

Shipping/logistics Companies to be Leading Owners of Automated Parcel Delivery Terminals

Companies that operate in shipping and logistics have the most to gain from the use of automated parcel delivery terminals and show a similarly high demand for it. They are expected to remain as the leading users of automated parcel delivery terminals till 2024 in terms of ownership, with a 40.8% share in market value.

The increasing volume of parcels getting stuck in the last mile of delivery and in missed deliveries is prompting many prominent shipping/logistics companies to opt for automated parcel delivery terminals.

Retails are also witnessing the advantage of using automated parcel delivery terminals as it allows them to employ an effective, cheaper, and faster delivery model than conventional delivery methods.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automated Parcel Delivery Terminals Market - Revenue is Expected to reach US$370.1 mn. By the end of 2024 here

News-ID: 437519 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for Automated

Automated Turf Harvester Market - Empowering Future Innovation in Automated Agri …
The Automated Turf Harvester feature automatic stacking, turf cut depth control system, auto-steering system, and others, which enables one-man operation for turf harvesting process. The Automated Turf Harvester are classified into two major types, namely, roll turf harvesters and slab turf harvesters. The harvested turf in form of rolls are mainly used for large area applications such as in golf courses, sport fields, school playgrounds, and commercial landscaping applications. However,
Pharmacy Automation Devices Market Report 2018: Segmentation by Product (Automat …
Global Pharmacy Automation Devices market research report provides company profile for Tcgrx Pharmacy Workflow Solutions, Talyst LLC, Parata Systems LLC, Kuka Aktiengesellschaft, Baxter International Inc, Becton, Dickinson and Company, Rxsafe, LLC, Arxium, Inc., Scriptpro LLC, Capsa Healthcare and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,
Pharmacy Automation Systems Market Report 2018: Segmentation by Product (Automat …
Global Pharmacy Automation Systems market research report provides company profile for Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., Yuyama Co., Ltd., Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Lab Automation Market, by Product Type (Automated Liquid Handling System, Micro …
The Lab Automation Market by Product Type (Automated Liquid Handling System, Micro plate Reader, Automated Storage and Retrieval System, Automated ELISA System, Automated Nucleic acid purification system, Robotic system, Software, and Others), by Application (Drug Discovery, Clinical Diagnostics, Genomics, Proteomics, Cell Biology, and Other Applications) By End User (Pharmaceutical and Biotechnology Companies, Diagnostics Laboratories, and Research and Academic Institutions) and by Region (North America, Latin America, Europe, Asia Pacific, the
Automated Material Handling Equipment Market Report 2018: Segmentation by Produc …
Global Automated Material Handling Equipment market research report provides company profile for Fives group, Swisslog AG, Intelligrated, Knapp, Kardex AG, TGW Logistics, Grenzebach, Witron, Schaefer, Daifuku, Dematic, Murata Machinery, Vanderlande, Mecalux, Beumer group and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Automated Gram Stainer Market is Driven by Rising the Awareness about Automated …
Gram staining is a method which distinguishes bacteria into two group, Gram positive bacteria and Gram negative bacteria. The technique was developed by Christian Gram, a Danish bacteriologist. Gram staining differentiates bacteria based on physical and chemical properties of the cell wall by the presence or absence of peptidoglycan. Gram staining is the primary step for identification of bacteria. It is performed on clinical specimen when an infection is suspected.