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.
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.
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By Deployment Type
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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.
Scope and Context
Overview of the Parent Market
The global automotive parcel delivery terminal market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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