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Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Smart Mailbox market. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Smart Mailbox market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Smart Mailbox market.
After reading the Smart Mailbox market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Smart Mailbox market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
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The Smart Mailbox market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia & New Zealand, Rest of South Asia & Oceania)
- Middle East & Africa (GCC Countries, North Africa, South Africa, Rest of MEA)
Global Smart Mailbox Market: Key Segments
Global smart mailbox market can be segmented based on product type, technology type, material type, mounting type, package type, package size and delivery type.
Package type can be further segmented as direct mail and delivery packet. The delivery type can be further segmented by aerial and on-ground delivery. Aerial delivery can be implemented by drones to drop packages in a mailbox, and mailmen/women can use on-ground delivery system. End users of smart mailbox can be of two types: Industrial use and home use. Material type can be segmented into steel. Similarly, mounting type can be segmented into wall mounted and on-ground smart mailbox.
The product type segment in smart mailbox controls various technologies like IP motion-activated camera, Wi-Fi and iOS/Android app altogether to secure the package.
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Global Smart Mailbox Market: Market Dynamics
Smart mailbox guards mails and packages against thieves by using sensors and cameras that can notify the owner of any suspicious activities, if detected. A Canadian company called Danby launched “Parcel Guard,” a mailbox with an anti-theft drop-in box, where once the package is in, it stays there. Another company called “ParcelHome” successfully launched a smart mailbox similar to Danby’s. As the market has only two dominating enterprises, the market is consolidating for smart mailbox.
Direct mail market is expected to grow at a single-digit CAGR. Google trend analysis result shows a spike in the market for smart mailbox in 2018 and the market demand for an intelligent mailbox is expected to increase in the coming years.
In a study by United States Postal Service, U.S. homeowners received an average of 27 packages each year & 26% of them received deliveries at least once a week. Almost 53% of them said that the packages left on the doorstep were stolen. Also, victims spend around $200 to replace each stolen package. Similarly, Shorr Packaging released a study report for Amazon packages in 2018. In this study, 31% of Americans had experienced package theft, with sudden spurt during the holiday period. This establishes the need for smart mailbox in the U.S. and the market is expected to surge during the forecast period.
Factors driving the smart mailbox market include low cost of printing using digital printers, which negates the labor charge for printing postcards. Increasing vanity of direct mails even if emails dominate the modes of communication can also be an important factor for smart mailbox market. According to a recent study by a company called “MailChimp”, direct mails provide higher opening rate. The average email open rate of 45 industries is 20.81%, which clearly indicates that the email lacks the trust factor, which is offered by direct mail. These driving factors, in turn, create a dominating demand for smart mailbox market.
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The global Smart Mailbox market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the Smart Mailbox market report tries to answer exhaustively are:
- Key strategic moves by various players in the Smart Mailbox market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the Smart Mailbox market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?
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