Time Flexibility Gives An Enormous Growth To Automated Parcel Delivery Terminals Market.

2024-04-01 06:22:49 Technology

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The rapid evolution in consumer needs has embraced innovation in the postal industry in the form of automated parcel delivery terminals. Automated parcel delivery terminals are the modern state-of-the art delivery terminals which allow easy delivery options to the customers. These are generally 24x7 working systems, which provide parcel delivery according to the user need viz. provides time flexibility either in sending or receiving a parcel. Currently, the rising penetration of smartphone and increasing global presence of internet of things (IoT) are the key trends which are boosting the market growth. Smartphones have provided the ease in tracking, verifying, and streamlining transactions related to the parcel delivery, while IoT has fuelled its adoption.

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Automated parcel delivery terminals market is segmented on the basis of deployment location, parcel size and ownership. On the basis of deployment location, it is further segmented as indoor automated parcel delivery terminals and outdoor automated parcel delivery terminals. Indoor delivery systems are preferred to mitigate burglary and protect the parcel from harsh environmental conditions, and access to these terminals can be dependent on premises/space they are installed. On the contrary, outdoor parcel delivery systems allow 24x7 parcel delivery services, but are prone to operational inefficiencies and high maintenance cost due to harsh weather conditions. In terms of parcel size, automated parcel delivery terminals is classified as small sized (envelops and cards) parcel delivery systems, medium sized parcel delivery systems and hybrid parcel delivery systems (provision for both small and medium sized parcels). On the basis of ownership, automated parcel delivery terminals market is further divided as, e-commerce retailers, shipping/logistics companies and government organizations.

Increasing parcel volume due to e-commerce is expected to be the key factor driving the market growth. North America and Europe are anticipated to be the major regions recording high numbers of e-commerce portals and transactions, which is expected to drive the adoption of automated parcel delivery terminals. Further, rising concerns to minimize the delivery cost and demand for flexible delivery system by the customers is expected to further fuel the market growth of automated parcel delivery terminals. However, parcel security from burglary and lack of awareness amongst the emerging economies are hindering the market growth. Along with this, competitive delivery technologies such as drone delivery system and mole trains are expected to depress its adoption. With rising internet penetration in developing nations and improving IT infrastructure, automated parcel delivery systems can be used for international parcel deliveries and is expected to support market growth in the near term.

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis