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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights

Automotive Parcel Delivery Terminal Market Overview

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. Moreover, they were unable to make it on time and created inconvenience for the consumers. These failures of conventional ways of parcel deliveries have made parcel delivery companies to come up with some more adequate ways of delivering parcel. The automotive parcel delivery terminal is able to work all day, on holidays, in bad weather and even without any human intervention.

Market Size & Forecast

Global automotive parcel delivery terminal market is anticipated to thrive at a CAGR of 13% over the forecast period 2017-2024. The rapid evolution of parcel delivery mediums will have a positive impact on global automotive parcel delivery terminal market. Further, the market of automotive parcel delivery terminal stood at USD 375.0 million at the end of 2016. It is estimated that by the end of 2024 the market will manage to reach at revenue of USD 920.0 million. The global automotive parcel delivery terminal market is expected to impart a high growth over the forecast period 2017-2024.

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Europe accounted for the maximum share in global automotive parcel delivery terminal market. The region is thrived to reach revenue of USD 552.3 million by the end of 2024. It is estimated that Europe market will lead over the forecast period. Asia-Pacific stood with the second highest share in the market and is anticipated to witness a robust growth over the forecast period 2017-2024. North America is anticipated to grow at the fastest CAGR of 19% during the forecast period 2017-2024. Sparked by rising needs for better parcel delivery methods in Asia-Pacific region, is expected to showcase considerable growth by the end of forecast period i.e. 2024.

Market Segmentations

Our-in depth analysis of the global refrigerated trailer market includes the following segments:

By Deployment Type

Indoor Terminals
Outdoor Terminals

By Ownership

Retailers
Shipping/Logistic Companies
Government Organizations
Others

By Regions

The global refrigerated trailer market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

The market of automotive parcel delivery terminal is driving the back of the increasing demand for better modes of delivering the parcel to consumers. Since automotive parcel delivery terminal provides better services to the consumers and without any inconvenience to the recipients. Further, these facts have given the boost to the automotive parcel delivery terminal market.

The expanding demands for cross-border delivery have created a spark in the global market for automotive parcel delivery terminal, and market is expected to expand in the future. Considering the global market of automated parcel delivery terminal system it provides instant delivery re-attempts. Further, this has reduced the overall operating cost of the entire system.

The failures of convention parcel delivery system have also raised the demand for such kind of parcel delivery system, which will not be affected by unwanted factors, such as bad weather, holidays etc.However on the other hand, the automotive parcel delivery market has reduced the human arbitration in the system and has raised the questions about the safety of the parcel in absence of any human authority. Moreover, the automotive parcel delivery terminal system requires a very large area for installation. Further, this fact has appeared as a challenge to the global market of automotive parcel delivery terminal.