Publication Month: Mar 2018 | Report Code: TIPTE100000497 | No. of Pages: 151 | Category: Automotive and Transportation | Status: Published
The automated parcel delivery terminals market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. APAC is anticipated to grow a fastest CAGR. Adoptions of automated parcel delivery terminals is expected to accelerate exponentially in the coming few years due to the rapidly growing e-commerce sector of emerging economies and emphasis of government globally towards digitalization and encouraging cashless payments.
The competitive dynamics in the automated parcel delivery terminals market is anticipated to change during the coming years with entry of new players. Majority of the companies are located in the European region as well as in the U.S. However, new players are emerging in the developing countries particularly in Asia Pacific. High penetration of the market is noticed in developed countries however, developing economies are now witnessing an increase in the installation of these terminals. Germany, U.S., and China hold more than half of the global market share, Germany being on the first position.
Get more information on this report :
Accelerating urbanization, global economic growth, and connected devices are driving dramatic changes across the globe. As e-commerce and e-substitution continue to initiate structural shifts across the industry, posts and parcel are rapidly adapting their businesses in increasingly fast-paced, complex and competitive markets.
Urbanization and digitization will continue to shape the automated parcel delivery industry. The world economic outlook is improving, with the IMF expecting global growth to increase to 3.7% by 2018. As more people move from rural areas to cities, urbanization will pose infrastructure, environmental and social challenges. Digital connectivity is also expected to rise, by 2021, almost half the world’s population will use the internet. More users coupled with faster broadband and mobile speeds will see close to a threefold increase in global IP traffic over the next five years, with Cisco forecasting that smartphones will account for a third of total traffic by 2021. As billions of devices generate huge amounts of data, cities will become smarter and infrastructure more connected.
Based on deployment type, the indoor segment dominated the global automated parcel delivery terminals market in 2017. Cost-efficiency is a key factor propelling the growth of indoor automated parcel delivery terminals as compared to the outdoor terminals, as the latter involves extra infrastructural costs to survive bad weather conditions.
Based on service providers, the retailers/e-commerce dominated the global automated parcel delivery terminals market in 2017. Direct-to-consumer method of shopping is gaining a huge traction lately. Customers are increasingly choosing the option to purchase online and collect from the store (or BOPIS) to retrieve their online purchases.
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
The global automated parcel delivery terminals market has been segmented as follows: