26-September-2018: The automated parcel delivery terminals market is anticipated to touch USD 1.06 billion by 2025, as per a new report by Grand View Research, Inc. Automated parcel delivery terminals assist in easing the burden on logistics and shipping companies by providing timely delivery solutions. They are also known as self-service terminals. The massive potential in underserved markets such as India and China coupled with push by these governments for cashless transactions can bode well for the market.
Hectic lifestyles of working professionals and emergence of nuclear families are factors expected to outgrow the conventional doorstep delivery model. In 2016, Smartbox Solutions entered the Indian market to overcome problems of late deliveries and unreliable delivery personnel by introducing self-service kiosks. The company has tied up with e-commerce retailers such as Oriflame and Shopclues to improve consumer shopping experience.
Government postal agencies such as Swiss Post are integrating automated parcel terminals to handle the volume of parcels and packages. Apartment complexes in cities in the U.S. are adopting smart lockers to appease residents. For instance, Packcity Intelligent Parcel Lockers by Neopost, Inc., allows packages to be delivered and returned at the convenience of customers. This idea has gained approval by communities and courier services in China with neighborhoods installing 3 smart lockers for perusal.
The automated parcel delivery market size is expected to expand from 2014 to 2025 (forecast period) owing to high demand for parcel shipping. Emergence of e-commerce and cross-border parcel deliveries are touted to spur market growth during the forecast period. Increasing penetration of smartphones encouraging online transactions and shopping are anticipated to facilitate market growth. Use of such systems to reduce costs to the logistics supply chain can further its demand in the forthcoming years. Prominent market players include Smartbox Ecommerce Solutions Pvt. Ltd.; Bell and Howell; Neopost Group; and Cleveron AS.
In-Depth Research Report On Automated Parcel Delivery Terminals Market:
https://www.grandviewresearch.com/industry-analysis/automated-parcel-delivery-terminals-market
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