Owing to the flourishing e-commerce industry and surging cross-border delivery, the automated parcel delivery terminals market is expected to witness a progressive growth in the years to come. With new players entering the market and progressing vigorously as compared to the old players, the market for automated parcel delivery terminals is anticipated to be dominated by new players in the future years.
The parcel delivery business was into the market for quite sometime and carries a massive rising potential for growth and development. This may take place on account of majority of underserved markets around the world. Another factor fuelling the market is the e-commerce industry blooming which further helps in extending business through online portals as well.
The major players of the market are susceptible to oppose the efforts of new players in the market in order to prove their establishment and grasp over the market. However, new entrants successfully manage to earn their revenue by acquiring new strategies. Apart from strategic alliances, the new players are also making counter efforts in the form of extensive marketing and acquisitions so as to bank their abilities and manu8facture advanced and innovative products in the global market.
The global automated parcel delivery terminals market is presumed to be worth US$1.039 bn by the end of 2025 with a healthy CAGR of 12.3% . The forecast period is set to 2017 to 2025 and is anticipated to be expanding from US$335.0 bn as per the 2015 records.
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Indoor Terminal Category to Contribute More Revenue Generation Owing to Cost Efficient Benefits
The global market for automated parcel delivery terminal market is currently dominated by a handful of mammoth-sized players. These market players have had a history of successive growth and development, and this is the primary reason behind their strongholds in the market. In the past few decades, none of the companies or firms has been able to challenge the strong position of the players who currently lead the market. However, it is anticipated that the streak of dominance of these players in on the verge of termination as new players ready themselves to enter the market. The competitive landscape of the global market for automated parcel delivery terminals is expected to undergo a transition from being a highly consolidated one to a more fragmented distribution of market share. The leading market players are bound to counter the efforts of the new entrants to establish themselves in the market. These counter efforts could be in the form of strategic alliances, acquisitions, or even extensive marketing. On the other hand, the new entrants are projected to bank on their ability to manufacture innovative and advanced products in the market. The success of the new entrants in the global market for automated parcel delivery terminals largely hinges on a consistent supply chain and progressive growth of their consumer base. Some of the key players that currently operate in the global automated parcel delivery terminal market are Bell and Howell, LLC., ByBox Holdings Ltd., Neopost group, TZ Ltd., ENGY Company, and Winnsen Industry Co., Ltd.
Transparency Market Research (TMR) finds that the global automated parcel delivery terminal market would expand at a CAGR of 12.3% over the period between 2017 and 2025. Furthermore, the global market is expected to be valued at US$1.039 bn by 2025, escalating from a value of US$335.0 bn in 2015.
Cross-Border Delivery to Propel Demand
The global market for automated parcel delivery terminal has been expanding on account of the rising number of online orders for several items. Furthermore, the development of advanced distribution channels and swift modes of delivery have also contributed to the growth of the global market for automated parcel delivery terminal. Furthermore, the high volumes of cross-border or cross-country parcels have also created a regular flow of demand within the global market for automated parcel delivery terminals. The government has been steadfast in installing these terminals at several key areas in order to make it convenient for people to fetch their parcels. Hence, the overall demand within the global market for automated parcel delivery terminal is expected to reach unprecedented levels in the years to come.
With regard to ownership, the automated parcel delivery terminals market is categorized into government organization, shipping and logistic companies, and retailers. Among these, the shipping and logistics category is assumed to surpass the other segments in terms of growth rate. Since the e-commerce industry is growing at a faster rate day by day, the automated parcel delivery market could also earn more revenue because of the rising number of online orders.