Albany, NY -- (SBWIRE) -- 07/12/2018 -- The competitive dynamics in the global market for automated parcel delivery terminals is slated to change in the near future with new players upping the ante against the existing handful of well-entrenched ones. Currently, the latter, which are mostly centered in Europe, dominate the overall market.
The market for automated parcel delivery terminals, which have been around for quite a while now in the parcel delivery business, has massive potential for growth on account of large number of underserved markets across the globe. Other factors providing tailwinds to their market are the booming ecommerce industry and rising cross-border delivery.
Vis-à-vis volume, the report predicts the global market for automated parcel delivery terminals to expand at a robust 11.6% CAGR from 2017 to 2025 to reach 51,792 units by 2025 from 17,719 units in 2015.automated parcel delivery terminals market
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Cost Benefits Pushes up Demand for Indoor Terminals
The global market for automated parcel delivery terminals can be broadly bifurcated into indoor terminals and outdoor terminals, based upon the type of deployment. Among the two, the indoor terminals holds a greater share as they cost comparatively lesser than outdoor terminals to install and operate.
Depending upon ownership, the global market for automated parcel delivery terminals can be further divided into retailers, shipping and logistics companies, government organizations such as postal departments, and institutions such as universities.
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Among these, the shipping and logistics segment is predicted to outpace all others in terms of growth rate on the back of growing parcel volumes brought about by an exploding ecommerce industry.
Presence of Prominent Participants Makes Europe a Key Market
From a geographical standpoint, Europe dominates the global market for automated parcel delivery terminals at present. Its dominant position has resulted from the early adoption of automated parcel terminals by logistics companies, retailers, and various government organizations. Besides, presence of key players in the region has also worked in favor of the market. As per the TMR report, Europe held a share of about 68.1% in 2016.
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Europe is trailed by Asia Pacific in the global market for automated parcel delivery terminals. This is primarily owing to the considerable progress in the ecosystem for logistics in the developing economies of India and China. Similarly, development of logistics ecosystems in South Africa and Brazil are also catalyzing growth in the market in the Middle East and Africa and South America.
Countries of Canada, the U.S., and the UAE are also predicted to contribute significantly to the global automated parcel delivery terminals market in the upcoming years.
Some of the major participants in the global market for automated parcel delivery are InPost, Cleveron Ltd., KEBA AG, Smartbox Ecommerce Solutions Pvt. Ltd., Bell and Howell, LLC., Neopost group, ByBox Holdings Ltd., Winnsen Industry Co., Ltd., TZ Ltd., and ENGY Company.