Market Trends of Automated Parcel Delivery Terminals Industry
This section covers the major market trends shaping the Automated Parcel Delivery Terminals Market according to our research experts:
Indoor Parcel Terminals Dominate the market
The indoor parcel terminals account for major share of the market. These indoor terminals located in places such as shopping malls, convenience stores, grocery outlets, gas stations, etc. are being preferred as they are located in more secure environment and enable easy operation in adverse weather conditions. Additionally, the indoor terminals reduce the operational costs as they require lesser maintenance. In 2017, Amazon has partnered with Repsol, energy company based in Spain to install its parcel lockers at Repsol service stations across Spain and Portugal. The outdoor terminals are also becoming more popular as they offer greater convenience when compared to indoor terminals. The emerging economies across the globe present opportunities for the parcel terminal manufacturers.
Europe is leading the Global Automated Parcel Delivery Terminals Market
Europe accounts for major share of the market in the world with major manufacturers of terminals located in the region while North America is expected to witness high growth through the forecast period with a matured e-commerce market. The penetration of these terminals is relatively low in Asia-Pacific; however, new players are emerging in the region and significant growth rate is expected.
The well-developed logistics infrastructure, with major logistics companies located in the region has boosted the adoption of the automated parcel delivery terminals in Europe. The automated parcel delivery terminals became functional in Europe more than a decade ago. Germany leads the European automated parcel delivery terminals market, and Germany, US, and China together account for more than one-third of the global market. Germany, UK, and France are the top three countries in the region with highest parcel volumes. The Northern/Western European region has a greater number of parcel terminals and is expected to grow faster than the Southern/Eastern.
With the increasing cross-border e-commerce sales, the companies are expanding the parcel terminal delivery to international purchases. In April 2019, Estonia based post and logistics company Omniva has announced that the company will deliver the international cargo to its parcel terminals.
