The Automated Parcel Delivery Terminals Market has witnessed substantial growth, primarily driven by the thriving e-commerce sector and the widespread adoption of online retail. As consumers increasingly favor the convenience of online shopping, the need for efficient and dependable parcel delivery solutions has surged. Furthermore, the market’s growth has been further fueled by the uptick in international deliveries, propelled by globalized businesses and the growing appetite for cross-border e-commerce. To maintain competitiveness and meet the rising customer expectations, shipping and logistics companies have been investing in advanced technologies and automated solutions to streamline their operations and reduce operational costs.
In the current year, 2023, the global net demand for automated parcel delivery terminals is projected to reach approximately US$ 753.9 million. Market analysis reports from Future Market Insights (FMI) anticipate a Compound Annual Growth Rate (CAGR) of 11% from 2023 to 2033. Following this impressive growth rate, the overall market is poised to attain a valuation of US$ 2,140.7 million by 2033.
The primary drivers of the automated parcel delivery terminals market continue to be the burgeoning e-commerce industry and the widespread adoption of online retail. Additionally, the upsurge in international deliveries and the implementation of modern shipping and logistics enhancements to reduce operational costs have played pivotal roles in fostering market expansion.
Accelerate Growth: Assess Market Potential with Our Comprehensive Market Overview – Request Our Sample Now@
https://www.futuremarketinsights.com/reports/sample/rep-gb-14471
The market’s total development potential is being constrained by issues including its propensity for break-ins, and the emergence of rival delivery methods. Furthermore, the requirement for sizable installation space and high capital for its deployment could limit its adoption in emerging economies.
Key Takeaways from the Automated Parcel Delivery Terminals Market Study Report
- Global players are mostly concentrated in the United States, which held 26.7% portion of the global market in the year 2022.
- Germany is the leading country in Europe which contributed 4.5% of the global demand for automated parcel delivery terminals in 2022.
- The adoption of automated parcel delivery terminals in the United Kingdom is anticipated to progress at 9.2% CAGR over the next ten years.
- In Asia Pacific region, Japan and Australia are the prominent countries making high use of automated parcel delivery terminals. As per the FMI market survey report in 2022, these countries contributed almost 4.1% and 1.4% of the global revenue share respectively.
- China is growing at a notable rate in the adoption of automated parcel delivery terminals nowadays and could register a CAGR of 12.6% through 2033. Meanwhile, India is projected to follow China in demand for automated parcel delivery terminals by exhibiting a growth rate of 11.7% during this period.
- Based on different deployment types, the outdoor terminals constitute the dominant segment of the market that generated a revenue share of 44.5% in 2022.
- Based on ownership of distinct automated parcel delivery terminals, the shipping or logistics companies segment leads the market by capturing 40.3% market share.
Competitive Landscape for the Automated Parcel Delivery Terminals Market Players
The overall market is getting fairly fragmented day by day as there are so many competitors who have started providing automated parcel terminal services. Moreover, these days, the development of private networks of parcel terminals is a top priority for many postal operators, merchants, and logistics firms.
Mergers and collaborations by the leading market players have turned out to be key strategies for expanding the consumer base and service network. For instance,
- Cleveron teamed up with Bell & Howell in 2015 to improve parcel terminal delivery in the United States and Canada. It is also anticipated that such cooperation between terminal providers and merchants might escalate the competition in the coming days.
- In June 2019, the Company also collaborated with Falabella Retail parcel services businesses in Latin America, which has its headquarters in Chile.
For Personalized Guidance in Acquiring this Report, Contact our Sales Team@
https://www.futuremarketinsights.com/checkout/14471
Key Segments Covered in the Automated Parcel Delivery Terminals Report
By Deployment Type:
- Indoor Terminal
- Outdoor Terminal
By Ownership:
- Retailers
- Shipping/Logistics Companies
- Government Organization
- Others
By Region:
- North America
- Europe
- Asia Pacific
- The Middle East and Africa
- Latin America
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com