Increasing parcel volume owing to booming e-commerce business is likely to project North America as the fastest growing region in the Automated Parcel Delivery Terminals Market: Transparency Market Research

According to the latest research report published by Transparency Market Research titled “Automated Parcel Delivery Terminals Market (Deployment Type: Indoor Terminals, Outdoor Terminals; Ownership: Retailers, Shipping/Logistic Companies, Government Organization, Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024,” the global automated parcel delivery terminals market was valued at US$ 335 Mn. The market is likely to reach US$ 918 Mn by 2024, expanding at a CAGR of 12% from 2016 to 2024. The European region is anticipated to emerge as a market leader, and contribute significantly to the growth of the automated parcel delivery terminals market.

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The growth of e-retail businesses around the globe has resulted in a significant increase in parcel volume. This has led to shipping and logistic companies opting for alternative delivery solutions, especially automated parcel delivery terminals, which can meet their demands without affecting consumer satisfaction. Automated parcel delivery terminals are standalone units that contain multiple usable boxes (for storing parcels) and have centralized control units for their operation. In order to gain a competitive edge in e-retail, e-marketers are demanding convenient delivery models such as same-day parcel delivery/return. This has made the role of shippers and logisticians more crucial, which has resulted in the wide-scale adoption of automated parcel delivery terminals recently. Concurrently, reducing delivery re-attempts and shrinking carbon footprints are some of the primary growth drivers of this market. Furthermore, the desire to provide 24–7 parcel delivery and same-day return is one of the key factors fuelling the growth of the automated parcel delivery terminals market.

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The automated parcel delivery terminal market is segmented on the basis of its ownership, deployment type, and geography. On the basis of ownership, the market is further segmented into retailers, government organizations (postal), logistics/shipping companies, and others (educational campuses and business organizations). In terms of deployment type, the automated parcel delivery terminals market is categorized into indoor terminals and outdoor terminals. The significant advantages offered by indoor terminals, such as low operating cost and effective security from burglary or vandalism, are the prime causes of the segment’s growth. Based on geography, the automated parcel delivery terminal market is spread across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Globally, Europe is likely to dominate with a market share of around 70% in 2015; however, this is expected to change significantly during the forecast period. The early adoption of automated parcel delivery terminals and an established parcel delivery network are some of the major factors behind the growth of this market. However, with the improvement of logistic ecosystems in emerging economies, such as China, India, South Africa, and Brazil, automated parcel delivery terminals are likely to gain significant traction in the short term. Moreover, mounting e-commerce will be the key trend behind the growth of automated parcel delivery networks across the world. Furthermore, economies such as the U.S., the UAE, and Canada are likely to contribute considerably in the latter part of the forecast period. Some of the major competitors operating in the development and manufacturing of automated parcel delivery terminals are KEBA AG, Winnsen Industry Co., Ltd., LL OPTIC (Loginpost), InPost S.A., Cleveron Ltd., Neopost Group, TZ Ltd., ByBox holdings Ltd., and ENGY Company.

The automated parcel delivery terminals market is segmented as follows:

Automated Parcel Delivery Terminals Market, by Deployment Type
• Indoor Terminals
• Outdoor Terminals

Automated Parcel Delivery Terminals Market, by Ownership
• Retailers
• Shipping/Logistic Companies
• Government Organization
• Others

Automated Parcel Delivery Terminals Market, by Geography
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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