Deep Analysis of Impact of COVID-19 on “Automated Parcel Delivery Terminals Market 2019-2025” Growth Worldwide….


The global automated parcel delivery terminals market size is expected to reach USD 1.06 billion by 2025, according to a new study by Grand View Research, Inc. The market is expected to witness significant growth, owing to the rapidly increasing volumes of parcel shipping. Such a considerable increase in volume is primarily driven by the growth in e-commerce market and cross-border deliveries globally. In addition, the increasing demand for alternative delivery solutions is also fueling the market growth.
Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.
Automated parcel delivery terminals are increasingly becoming the preferred alternative delivery solution as it helps in reducing the cost incurred in the logistics chain. In addition, it helps in increasing efficiency in deliveries and generating new market opportunities. These terminals find a high adoption across the globe as they offer great convenience to both the customer and seller. The terminals allow the customer to collect their packages at any time of the day as per their convenience. They also help sellers and logistics providers to avoid losses incurred due to last mile delivery failures or re-attempt deliveries. Moreover, the terminals are equipped with POS devices that facilitate cash on delivery through cards, thus allowing cashless and easy payments for parcels.
The increasing penetration of internet, smartphones, and Internet of Things (IoT) is further responsible for driving the demand for intelligent parcel lockers or delivery terminals. The smartphones provide great ease in verifying, tracking, and streamlining the transactions.
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Further key findings from the study suggest:
·         Indoor deployment location emerged as the dominant segment in 2016 due to factors such as low threats of vandalism and burglary. Moreover, parcels are easier to maintain in indoor locations as they can be recovered even in adverse weather conditions.
·         Retail is anticipated to emerge as the fastest-growing end-use segment owing to advantages such as ease in handling parcel deliveries offered by automated parcel delivery terminals.
·         Europe accounted for a significant market share and was valued at USD 248.0 million in 2016. However, the North American region is predicted to grow at the highest CAGR of 17.6% from 2017 to 2025, owing to the increased internet and smartphone penetration.
·         Key industry participants in the automated parcel delivery terminals market include Bell and Howell, LLC, InPost Ltd., Winnsen Industry Co., Ltd., Cleveron AS, KEBA AG, Smartbox Ecommerce Solutions Pvt. Ltd., Neopost Group, TZ Ltd., ByBox Holdings Ltd., and ENGY Company, among others.
The global automated parcel delivery terminals market size was valued at USD 360.7 million in 2016 and is expected to gain momentum over the forecast period. This can be attributed to the significant growth of e-commerce market and increased cross-border parcel shipments.
The market is largely influenced by the rapid growth in e-commerce, which in turn has generated a high demand for express delivery services. This has consequently propelled companies to hire more labor. Moreover, factors such as incapability of making deliveries to remote areas and failed delivery attempts are responsible for incurring additional costs to the companies. As a result, self-pickup solutions like automated parcel delivery terminals are gaining popularity among e-commerce retailers.
The increasing penetration of internet and smartphones across the globe has enabled consumers to import products from other countries. This is expected to result in a considerable growth in the volumes of parcel shipments. Moreover, in order to avoid delayed and unsuccessful deliveries, retailers are emphasizing the adoption of alternative parcel delivery solutions.
Governments across the globe, especially in emerging nations such as China and India, are greatly emphasizing digitalization and promoting cashless payments. The Cash on Delivery (COD) option available in intelligent parcel delivery terminals allows clients and their customers to make successful and smooth transactions, thus helping governments in achieving their political agendas of digital, cashless, and more transparent economy.
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Grand View Research has segmented the global automated parcel delivery terminals market based on deployment locations, end uses, and regions:
Automated Parcel Delivery Terminals Deployment Location Outlook (Revenue, USD Million; 2014 - 2025)
·         Indoor
·         Outdoor
Automated Parcel Delivery Terminals End-use Outlook (Revenue, USD Million; 2014 - 2025)
·         Government
·         Retail
·         Shipping & Logistics
·         Others
Automated Parcel Delivery Terminals Regional Outlook (Revenue, USD Million; 2014 - 2025)
·         North America
o    U.S.
o    Canada
·         Europe
o    UK
o    Germany
·         Asia Pacific
o    China
o    India
o    Japan
·         Latin America
o    Brazil
·         MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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