New York, United States, Oct. 17, 2022 (GLOBE NEWSWIRE) -- The Automated Parcel Delivery Terminals Market was valued at USD 625 Million in 2021, the market is projected to grow USD 1180.40 Million in 2030, at a CAGR of 10.40%. as per the latest research report by Spherical Insights & Consulting.
Automated Parcel Delivery Terminals Changes 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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Technology Advancement in Automated Parcel Delivery Terminal
This is a part of the most strategy to attenuate the space travelled by the traveler and also the recipient who should in person collect the parcel. Parcel delivery terminals are carefully positioned near residential areas such as post offices, universities, shopping centers, stations, etc. This in turn enables simple access often linking the trip with other activities also referred to as trip chaining. Keeping up with the approach to life of today’s urban customers, self-service lockers supply larger convenience and suppleness in managing their parcel deliveries. Customers can have several mailing addresses by choosing automatic parcel delivery terminals placed among the tube stations or completely different public places. This method is very convenient for e-commerce firms, supply suppliers, and after all, customers, as they will collect, post, or come parcels supported their schedule. Self-serviced terminals facilitate e-commerce firms bring down their supply prices caused by lost deliveries as within the case of the normal delivery method. These terminals are purposeful 24*7, which ensures that the delivery workers don’t miss any delivery.
Rising Parcel Volume and Increasing Delivery Re-Attempts the Drive Market Growth
Customers profit here from all services associated with parcel assortment and drop-off. It is, thus, not solely attainable to select up merchandise bought from on-line outlets additionally as create returns round the clock, however additionally to send parcels to any address the pliability in automatic parcel delivery assortment provides bigger convenience to internet buyers. They will collect their package in their free time, on the means back home once workplace hours, and through weekends. Such delivery choices create an e-commerce business to stand out from its competitors and enhance customers’ whole expertise. This, in turn, can build client loyalty and whole strength with repeat purchases.
There are many reasons that are propelling the trade forward. The market is basically influenced by the ascension in e-commerce, which successively has generated a high demand for categorical delivery services. This has consequently propelled firms to rent a lot of labor. Moreover, factors like incapability of constructing deliveries to remote areas and failing delivery tries are accountable for the acquisition of further prices to the businesses. Governments across the globe are greatly emphasizing digitalization and promoting cashless payments. The Cash on Delivery (COD) option available in intelligent parcel delivery terminals allows clients and their customers to make successful and smooth transactions, thus helping governments in achieving their political agendas of a cashless, digital, and more transparent economy.
Report Scope
| Report Metric | Details |
| Market Size 2030 | USD 1180.40 Million |
| CAGR | 10.40% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Segments Covered | Type, End User, and By Region |
| Report Coverage | Drivers, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa and Rest of the World |
| Key Companies Profiled/Vendors | Smartbox Ecommerce Solutions Pvt. Ltd. Cleveron Ltd. InPost, KEBA AG, Neopost Group |
| Key Market Opportunities | Availability Of Alternative Delivery Solutions Limit Market Growth |
| Key Market Drivers | Rising Parcel Volume and Increasing Delivery Re-Attempts Drive Market Growth |
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Key Insights
- The Automated Parcel Delivery Terminals Market Size was valued at USD 625 Million in 2021, the market is projected to grow USD 1180.40 Million in 2030, at a CAGR of 10.40%.
- Technology Advancement in Automated Parcel Delivery Terminal
- Rising Parcel Volume and Increasing Delivery Re-Attempts Drive Market Growth
- Availability Of Alternative Delivery Solutions Limit Market Growth
- Geographically, North America region is dominating share of the global Automated Parcel Delivery Terminals market due to the expanding usage of smart connected devices, the industrial Internet of things, and flexible networks.
COMPETETIVE ANALYSIS
- Smartbox Ecommerce Solutions Pvt. Ltd.
- Cleveron Ltd.
- InPost
- KEBA AG
- Neopost Group
- Bell and Howell, LLC.
- Winnsen Industry Co., Ltd.
- ByBox Holdings Ltd.
- ENGY Company
- TZ Ltd
Segmentation of Automated Parcel Delivery Terminal Market
By Type
- Indoor terminal
- Outdoor terminal
By End User
- Logistics & shipping
- Retail
- Government organizations
- Others
Regions Covered
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
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TABLE OF CONTENT
Chapter 1. INTRODUCTION
1.1. Study Assumptions and Market Definition
1.2. Scope of the Study
Chapter 2. RESEARCH METHODOLOGY
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Component
2.3.1. Secondary Component
2.3.1.1. Preliminary data mining
2.3.2. Primary Component
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. EXECUTIVE SUMMARY
Chapter 4. MARKET INSIGHT
4.1. Market Overview
4.2. Industry Value Chain Analysis
4.3. Industry Attractiveness - Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitute Products
4.3.5. Intensity of Competitive Rivalry
Chapter 5. ASSESSMENT OF COVID-19 IMPACT ON THE INDUSTRY
Chapter 6. MARKET DYNAMICS
6.1. Market Drivers
6.1.1. Rising Parcel Volume and Increasing Delivery Re-Attempts Drive Market Growth
6.2. Market Restraints
6.2.1. Availability Of Alternative Delivery Solutions Limit Market Growth
Chapter 7. MARKET SEGMENTATION
7.1. By Type
7.1.1. Indoor terminal
7.1.2. Outdoor terminal
7.2. By End User
7.2.1. Logistics & shipping
7.2.2. Retail
7.2.3. Government organizations
7.2.4. Others
Chapter 8. Global Automated Parcel Delivery Terminals Market Overview, By Geography, 2017 - 2030(USD Million)
Chapter 9. North America Automated Parcel Delivery Terminals Market Overview, By Countries, 2017 - 2030(USD Million)
Chapter 10. Europe Automated Parcel Delivery Terminals Market Overview, By Countries, 2017 - 2030(USD Million)
Chapter 11. Asia Pacific Automated Parcel Delivery Terminals Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 12. Middle East & Africa Automated Parcel Delivery Terminals Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 13. South America Automated Parcel Delivery Terminals Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 14. COMPETITIVE LANDSCAPE
- Company Profiles
- Smartbox Ecommerce Solutions Pvt. Ltd.
- Cleveron Ltd.
- InPost.
- KEBA AG.
- Neopost Group.
- Bell and Howell, LLC.
Chapter 15. LIST OF TABLES
Chapter 16. LIST OF FIGURES
Chapter 17. INVESTMENT ANALYSIS
Chapter 18. FUTURE OF THE MARKET
Table of Content and Figure @ https://www.sphericalinsights.com/table-of-contents/automated-parcel-delivery-terminals-market
Market News
- March 2021- Venipak intends to invest 4 million euros in the Baltics to expand its automated parcel machine network by 600 units. 600 new contactless machines are being installed to support the company's plan to install 600 new hands-free automated parcel machines strategically located throughout the Baltic states.
- April 2021- Cleveron, the world's largest leading parcel delivery robotics company, has unveiled the Cleveron 701 unmanned semi-autonomous last mile delivery vehicle. This product is intended for retailers and logistics firms looking to improve their last mile delivery solutions and efficiencies. This enables businesses to comply with the recent acceleration of ecommerce and the rapidly changing retail environment by expanding their same-day delivery capabilities.
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FAQs are covered of Automated Parcel Delivery Terminal Market
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