Albany, NY, Nov. 09, 2018 (GLOBE NEWSWIRE) -- According to a report of Transparency Market Research (TMR), the global Automated Parcel Delivery Terminals Market has highly consolidated vendor landscape owing to dominance of handful of companies operating in the market. Some of the key players operating in the global market for automated parcel delivery terminals are Bell and Howell, LLC., Neopost group, ByBox Holdings Ltd., TZ Ltd., and ENGY Company. Vendor landscape of the automated parcel delivery terminals market is expected to undergo transition, as it is expected to shift toward fragmented landscape from consolidation. The leading players of the market are trying to remain dominant with forming new partnerships, alliances, and acquisitions. However, in order to gain substantial share, the new entrants are trying to offer new and advanced products.
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According to TMR, the global automated parcel delivery terminals market was valued at US$335.0 bn in 2015 and projected to attain a value of US$1.039 bn by the end of forecast period by expanding with a CAGR of 12.3% over the forecast period from 2017 to 2025. Based on the region, Europe is dominating the global automated parcel delivery terminals market followed by Asia Pacific and is expected to remain dominant over the forecast period. Based on the ownership, the shipping and logistics category segment is dominating the global market and is expected to remain dominant over the forecast period.
Proliferation of E-commerce Business to Propel Growth of Market
Booming e-commerce industry coupled with surging cross-border deliveries are boosting growth of the automated parcel delivery terminals market. Thanks to these key factors, the market is expected to witness a lucrative growth in the upcoming years. From past decade, the parcel delivery business has gained substantial growth and showing growth potential for growth and development. Thus, numerous players are trying to enter into the market with advanced products. These product advancements are boosting adoption of the automated parcel delivery terminals and expected to propel growth of the market. This is an important factor boosting growth of the global automated parcel delivery terminals market.
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Additionally, numerous companies operating in the e-commerce as well as retail sectors are trying to improve their distribution channels by swiftly changing the delivery processes. This advancement in the process is attracting numerous customers which is likely to propel growth of the global automated parcel delivery terminals market. Furthermore, the government is trying to install these terminals at the several key areas which is propelling growth of the global automated parcel delivery terminals market.
Growing Adoption of Indoor Terminals to Offer Lucrative Opportunities
Despite these growth prospects, the risk of vandalism and burglary primarily in the indoor terminals systems which may lead to hamper growth of the market. Nonetheless, low-cost and easy accessibility of indoor terminals is leading to increase demand of these terminals as which is posing as challenge for the outdoor terminals. Besides, possible risks related to the outdoor terminals has also boosted adoption of indoor terminals. Several logistics companies, postal departments, retailers, and governments organizations are preferring indoor terminals for the delivery of their parcels. The aforementioned factors might offer the lucrative opportunities for key players over the forecast period.
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This information is based on the new report by TMR, titled “Automated Parcel Delivery Terminals Market (Deployment Type - Indoor Terminals and Outdoor Terminals; Ownership - Retailers, Shipping/Logistic Companies, and Government Organization) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”
The global Automated Parcel Delivery Terminals Market has been segmented as presented:
By Deployment Type:
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