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Automated Parcel Delivery Terminals Market Report Up to 2031
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Automated parcel delivery terminals are standalone units that are installed in populous places and becomes ideal substitute delivery solution in the market. In addition, it supports in reducing the expenditure gained in the logistics chain and promotes deliveries and generating new prospects. Furthermore, these terminals are equipped with point-of-sale (POS) equipment which further helps in cash on delivery via cards and enhances simple payments for parcels.
Rise in penetration of internet and smartphones and increased adoption of innovative distribution channels are some of the major factors driving the market growth. On the contrary, untapped potential in emerging economies and expansion of distribution channel acts a major opportunistic factors to the market in the upcoming years.
COVID-19 Impact on Automated Parcel Delivery Terminals Market
In the wake of COVID-19 pandemic situation, the automated parcel delivery terminals market has experienced moderate growth rate. As due to complete lockdowns & business shutdowns, the courier & delivery of goods & services has jolted across several industry verticals. Moreover, digitization & development in automation is expected to boost the parcel delivery terminal industry in the post-pandemic world.
Market Drivers
Rise in penetration of internet and smartphones
With an increased usage of smartphones & massive rise in internet penetration, the consumers are largely using online channels for availing delivery services. Moreover, increased awareness towards automated parcel delivery terminal are becoming major factors driving the market growth.
Increased adoption of innovative distribution channels
Due to improved supply chain management which helps in reducing the cost incurred in the logistic chain is becoming major factors for the adoption of innovative distribution channels in the market. Moreover, it helps in increasing efficiency & boost the growth of cross-border deliveries of parcel. These factors are therefore accelerating the growth of automated parcel delivery terminals market.
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Market Opportunities
Untapped potential in emerging economies
Consumers in the emerging economies are expected to create an immense potential to the growth of automated parcel delivery terminals market. Due to increased awareness towards instant delivery terminals, rising disposable income, and increasing demand for automated parcel delivery services are becoming major factors expected to accelerate the growth of the market in the upcoming years.
Expansion of distribution channel
The key players in the market have an opportunity to expand existing product & services in order to provide consumer with better delivery services & personalized user experience to improve the customer engagement in the market. Therefore, expanding the solutions & developing business models are expected to boost the market growth.
Competitive Landscape
Some of the companies profiled in the report include Bell & Howell, LLC, ByBox Holdings Ltd., Cleveron AS, ENGY Company, InPost Ltd., KEBA AG, Neopost Group, Smartbox Ecommerce Solutions Pvt. Ltd., TZ Ltd., and Winnsen Industry Co. Ltd.
Recent Developments
In October 2020, Kern AG, which is a mailing & packaging equipment company has announced an exclusive sales & distribution deal with Meridian Digital Solutions. In addition, the deal is aimed to sell Kern’s range of Smart Terminal automated lockers in the UK. Moreover, this expansion of terminals in UK largely focused on increasing demand for contactless & out-of-home deliveries across retail, logistics, property, transportation and government sectors.
In January 2018, Xiaomi, which is a Chinese multinational electronics company partnered with Smartbox, in order to offer deliveries through automated parcel terminals. This initiative has enabled the Chinese company to encourage customers making online orders and receive their deliveries through Smartbox delivery terminals.
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About Visiongain
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