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Automated Parcel Delivery Terminals Market Growing at 14.2% CAGR to Hit USD 803 Million | Growth, Share Analysis, Company Profiles
Automated Parcel Delivery Terminals Market
The European region dominates the global automated parcel delivery terminals market with the well-established shipping & logistics industry in the region particularly in countries including Germany, the UK, and the Netherlands. Further, the growing prominence of e-retail businesses in Europe supplements the region's overall lead.
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Automated Parcel Delivery Terminals Change the concept of delivery. Contrary to home delivery the things are bundled and born off at the machine-controlled locker by the external traveler. In fact, the range of delivery choices and therefore the supposed quality of the delivery service are major call criteria for online customers and thence directly impact e-commerce businesses within the marketplace. These lockers are accessible every moment of the day, the customer usually has 3 days to collect the parcel, if he/she fails to do so which only happens in (1% of the cases) the item will be taken back to the hub by the courier.
Another option is additionally offered, just in case of unsuccessful home delivery, the traveler might conjointly leave the parcel at the machine-controlled parcel station for the client to choose up afterward rather than creating second or third redelivery that normally is at the value of the patron It is no coincidence that logistics providers place their automated parcel delivery terminals in busy areas.
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The increasing customer needs have induced innovation in the postal industry in the form of automated parcel delivery terminals. These terminals are modern state-of-the-art delivery systems that enable convenient delivery and return options to consumers.
Growth in cross-border deliveries, booming e-commerce business & internet penetration, and a decline in operating costs are expected to drive the growth of the global automated parcel delivery terminals market. However, factors such as susceptibility to burglary, the emergence of other competitive delivery technologies, and the need for a large installation space for deployment are expected to hamper the market growth during the forecast period. Growth in emerging economies is expected to provide lucrative opportunities for the automated parcel delivery terminals market growth.
In 2015, indoor terminal segment accounted for the maximum revenue share among the deployment types of automated parcel delivery terminals market. This is due to the increasing burglary susceptibility in outdoor terminals and the convenience associated in the operability of indoor terminals. In addition, indoor terminals are also expected to witness the fastest growth over the forecast period.
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The retail sector dominated the global automated parcel delivery terminals market in 2015 owing to the massive growth in the e-retail sector. Furthermore, automated parcel delivery terminals enable the retailers to implement a cheaper, effective, and faster delivery model as compared to the conventional one.
The other sectors (large enterprises and educational institutions are projected to witness the highest growth rate among other end users of the automated parcel delivery terminals market. LAMEA is estimated to grow at the highest rate due to the flourishing e-commerce industry and increased infrastructural expenditure.
The key players profiled in the report include Smartbox Ecommerce Solutions Pvt. Ltd., ByBox Holdings Ltd., Neopost group, Winnsen Industry Co., Ltd., InPost S.A., TZ Ltd., ENGY Company, LL OPTIC (Loginpost), Cleveron Ltd., and Keba AG.
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