Amid Staggering Volume of Parcels, Logistics Companies Opt for Automated Parcel Delivery Terminals

KEBA AG and Integer SA Group (InPost) were deemed as leaders of the global automated parcel delivery terminals market in 2015. Owing to their large network size and rapid growth rate, these two companies held a share in value of 64.5% in 2015. Meanwhile, TZ Limited and ByBox Holdings Limited were stated to be the most promising players at the time.

This data is as per a recent publication released by Transparency Market Research, which also states that the rather consolidated market is expected to maintain a decent level of competition due to the need for each company to expand regional presence to maintain a steady growth rate and preference by companies.

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The global market of automated parcel delivery terminals is projected at a CAGR of 12.0% within a forecast period from 2016 to 2024, in terms of revenue. This market’s revenue is expected to reach US$370.1 mn by the end of 2016 and US$918.0 mn by the end of 2024.

Europe Continues Lead in Demand for Automated Parcel Delivery Terminals

By the end of 2024, Europe is expected to generate a revenue of US$532.3 mn in automated parcel delivery terminals, showing a clear preference for and dominance in this market. A large part of this leading demand is attributed to the large scale adoption of automated parcel delivery terminals by European transports/logistics companies.

North America is expected to lead the growth rate in demand, with a projected CAGR of 18.6% from 2016 to 2024. The massive volume of ecommerce transactions in this region on a daily basis are adding to the stress of transportation of goods and packages. As a result, both transport companies as well as consumers are beginning to prefer automated parcel delivery terminals.

Shipping/logistic companies are expected to be the leading owners of automated parcel delivery terminals across the world and are estimated to generate a revenue of US$374.6 mn in this market. This segment is also expected to be the faster one in terms of growth.

Automated Parcel Delivery Terminals to Become Better Alternative to Doorstep Delivery

“A key factor working in favor of players in the global automated parcel delivery terminals market is the problems faced by conventional delivery systems. Doorstep delivery may be a more comfortable solution for consumers, but the sheer increase in the volume of packages is creating a highly complex problem for the delivery and logistics companies,” states a TMR analyst.

Conventional delivery methods falter when it comes to unfavorable weather, holidays, and night dispatches. They additionally have to face the increase in parcel volume for storage and redelivery caused by missed deliveries. This can be easily mitigated by the use of automated parcel delivery terminals.

Drones and Other Delivery Methods Provide Stiff Competition

A key restraint challenging the faster proliferation of automated parcel delivery terminals is the burgeoning scope of using other alternative parcel delivery services. Although automated parcel delivery is a highly convenient option for most companies and consumers, it is failing to match the rate at which other delivery services are advancing.

Amazon Prime Air, for example, is a premium air delivery service initiated by Amazon. It makes use of drones to deliver parcels and holds the advantage of working 24/7 and through the holidays in the year. These drone services are expected to increase in preference over time.

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The analyst adds, “There are still several opportunities yet untapped by players in the automated parcel delivery terminals market. One of them is the added burden of parcel volumes by e-retail services on delivery services. A large number of regional e-retail services may not be able to afford the more expensive alternative delivery methods such as drones and are therefore expected to partake in the use of automated parcel delivery terminals.”

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This release was published on openPR.