The automotive parcel delivery terminal was introduced due to inadequate results of conventional ways of parcel delivery which used to get affected by bad weather and as well as unavailability of proper transportations. They were unable to work on holidays and also required a large number of human involvements.
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“Automotive Parcel Delivery Terminal Market: Global Demand Analysis & Opportunity Outlook 2024”
The global automotive parcel delivery terminal market is segmented into deployment type which includes indoor terminals and outdoor terminals. Among these segments, indoor terminal segment is expected to capture major share in automotive parcel delivery terminal market by the end of 2024.
The expansion of the indoor terminal segment can be attributed to low cost associated with installation and operation of indoor terminal as compared to outdoor terminals. Apart from this, better protection of parcel against bad weather, theft and other threats that can damage parcels in indoor terminals is likely to escalate the growth of this segment in future.
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Global automotive parcel delivery terminal market is expected to thrive at 13% CAGR during the forecast period. Moreover, the global automotive parcel delivery terminal market was valued at USD 375.0 Million in 2016 and is expected to reach at notable revenue of USD 920.0 Million by the end of 2024.
Moreover, advantages of automotive parcel delivery terminals such as reduction in operation cost due to instant delivery reattempts, less human intervention and errors are likely to be the dynamic factors behind expansion of automotive parcel delivery terminal market during the forecast period.
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The retails and shipping/logistic companies segments by ownership are likely to capture major shares of automotive parcel delivery terminal market during the forecast period. Rising e-commerce business and increasing cross-border deliveries are some of the major factors which are envisioned to intensify the growth of these segments in future.
Rising Demand for Convenient Parcel Delivery System
Features of automotive parcel delivery terminal such as unaffected by weather conditions, low operational cost and less human errors are some of the major factors which are expected to impel the growth of automotive parcel delivery terminal market in near future.
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Consumer’s inclination towards online shopping, growing e-commerce business and rapid urbanization in developing countries such as India and China are some of the major factors which are anticipated to foster the growth of automotive parcel delivery terminal market in future. For Instance, a business start-up Smartbox Ecommerce Solutions Pvt.
Ltd. is introducing first time automated parcel delivery terminals in India.
Although, low adoption rate in North America and chances of burglary at delivery terminals are some of the factors that are likely to hamper the growth of the automotive parcel delivery terminal market in the near future.
The report titled “Automotive Parcel Delivery Terminal Market : Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global automotive parcel delivery terminal market in terms of market segmentation by deployment type, by ownership and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global automotive parcel delivery terminal market which includes company profiling of Cleveron Ltd., Smart Box E-commerce Solution Pvt. Ltd., Integer SA Group, LL Optic, KEBA AG, By Box Holdings Ltd, Neopost Group, Winnsen Industry Co. Ltd, Engy Company, and TZ Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive parcel delivery terminal market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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