Automated Parcel Delivery Terminals Market: Growth Analysis By 2025

Automated Parcel Delivery Terminals

The global automated parcel delivery terminals market accounted for US$ 799.0 Mn in 2017 and is expected to grow at a CAGR of 12.0% during the forecast period 2018 – 2025, to account for US$ 1,973.4 Mn in 2025.

Automated Parcel Delivery Terminals market operates in a lately introduced highly-competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications area, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global players. Technology is witnessing a high growth owing to its increasing applications in several prominent end-user industries such as e-commerce, online retail, government and others.

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The partnership of e-commerce companies, retail firms, governments, and educational institutes with logistic companies is the major trend prevailing in the market for automated parcel delivery terminals. Also, companies are targeting untapped geographies to expand their reach. For instance, recently, Xiaomi, a Chinese smartphone company partnered with Smartbox, an automated parcel delivery terminals service provider with an aim to enhance its e-commerce presence across India.

Automated Parcel Delivery Terminals Market - Company Profiles

Bell and Howell, LLC
Cleveron AS
Engy Group
ByBox Holdings Ltd.
InPost S.A.
KEBA AG
Neopost Group
Smartbox Ecommerce Solutions Pvt. Ltd.
TZ Ltd.
Winnsen Industry Co., Ltd.

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Further, increasing shipping costs and high wages has led to adoption of automated parcel delivery terminals across the globe. Governments of several countries are also supporting the installation of these terminals to provide better services to the population in remote locations. Furthermore, the increasing penetration of smartphones and tables coupled with better internet infrastructure is propelling the market growth. However, security concerns and delivery of bulky parcels still acts as a restraint to the market. Although, with advancements of technology, the effect of these restraints will reduce over time.