Automated Parcel Delivery Market Expands with Cleveron AS Partnership
United States/WA: The global Automated Parcel Delivery Terminals Market is expected to be valued at US$ 1,350 million by 2027, witnessing a CAGR of 12.9% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Report Pages:[130 Pages]
Major Key Companies Involving in Automated Parcel Delivery Terminals Market:
Winnsen Industry Co., Ltd., LL OPTIC (Loginpost), Keba AG, ENGY Company, Cleveron Ltd., ByBox Holdings Ltd., Neopost group, TZ Ltd., Smartbox Ecommerce Solutions Pvt. Ltd., and InPost S.A.
An automated parcel delivery terminal is a computer-managed delivery system that is furnished with a number of storage containers to store parcels. It is a substitute for a manual logistic delivery system as it supports greatly reducing the cost that is gained in the long logistic process. Moreover, automated parcel delivery terminals help in creating new opportunities and increasing logistics efficiency. It supports reputed dealers in the global market and eases the flow of business for both customers and, vendors. Automated parcel delivery terminals have great potential in the e-commerce scenario. The reason behind this is the benefits that it offers to the buyers and sellers in the context of online e-commerce.
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Rapid growth of the e-commerce market is expected to drive growth of the global automated parcel delivery terminals market during the forecast period. According to the India Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to reach US$ 200 billion by 2026, increasing from US$ 38.5 billion in 2017. According to the U.S. Department of Commerce, e-commerce sales in the U.S. in the third quarter of 2020 reached US$ 199.4 billion. Rapid growth of the e-commerce market has led to increased demand for automated parcel delivery terminals in supply chain management and warehouse. Thus, these factors are expected to drive growth of the global automated parcel delivery terminals market during the forecast period. Furthermore, increased cross-border parcel shipments are expected to propel the global automated parcel delivery terminals market growth over the forecast period. There is a high demand for express delivery systems, which in turn, has increased the adoption of automated parcel delivery terminals.
For instance, in June 2019, Cleveron AS, an Estonian robotics-based parcel terminals manufacturer, partnered with Falabella Retail, a Chile-based department store, for the installation of Cleveron 402, which dispenses online purchases in physical stores.
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However, challenges associated with burglary of parcels within outdoor terminal and cost constraints are expected to hinder the global automated parcel delivery terminals market growth over the forecast period. Among regions, Europe is expected to witness significant growth in the global automated parcel delivery terminals market during the forecast period. This is owing to presence of key market players such as Cleveron AS, KEBA AG, and more. Moreover, North America is expected to register a robust growth rate over the forecast period, owing to rapid growth e-commerce sector combined with increasing penetration across the region.
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The post Automated Parcel Delivery Terminals Market is Gaining Significant traction as Industry Leader Cleveron AS Joins Hands with Chilean Department Store Falabella Retail appeared first on Gatorledger.
