Smart Parcel Locker Market - Global Industry Analysis

Smart Parcel Locker Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6318 Status : Upcoming

Description

Global Smart Parcel Locker Market: Overview

An electrical locker which can be mounted or fixed in commercial or residential apartments is known as a smart parcel locker. This storage solution has in-built integrated technology which allows it to automate distribution, notification, and package delivery. To drop off parcels for outbound delivery and to receive the delivered parcel, the user can operate the smart parcel locker with the mobile app. It efficiently tackles the increased shipment volumes during the sales, festivals, and holiday season.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Smart Parcel Locker Market: Growth Factors

The global smart parcel locker market is growing at a speedy rate. Factors such as the rise in e-commerce platforms coupled with an increase in online shopping, increase in adoption of digital solutions by the parcel industry, and growing demand for safe & secured delivery of parcels are propelling the growth of the global market. Further, with the benefits for both businesses and consumers, the widespread technology of smart parcel lockers has taken over the world. It offers reliable delivery and secure access 24/7/365. In addition to this, delivery control, the convenience of picking up the shipment, flexibility, guaranteed delivery & high security of storage, 24/7 self-service, saving on shipping & manual labor, and provide a free, convenient delivery & return process are some of the benefits that are been offered by the smart parcel locker systems. Owing to all such factors there is a surge in the installation of smart parcel lockers in the commercial, residential, and retail sectors. In addition to this, the ongoing Covid-19 pandemic situation has also boosted the sales of smart parcel locker due to an increase in online shopping during the pandemic. Moreover, the increase in penetration of artificial intelligence and IoT-based solutions in the package and delivery industry is spurring the growth of the global smart parcel locker market. Furthermore, continuous advancements in the technology for upgrading the existing system and innovation of novel products may lead to beneficial opportunities for the growth of the global smart parcel locker market during the forecast period. However, the unavailability of strong network connections and low adoption of smart parcel locker in developing countries may hamper the growth of the global smart parcel locker market.

During the outbreak of the Covid-19, the sales of smart parcel locker increased exponentially. Most of the government enforced strict lockdown, restrictions on movement, and stay-at-home orders to curb the rapid spread of the infection. This led to an increase in online shopping for essential goods including grocery and food & beverages. In addition to this, the smart parcel locker makes collection of parcels safe and more convenient as it also offers contactless deliveries. Thus, the rise in online sales and increase in the use of e-commerce platforms during the pandemic has led to significant growth in the global smart parcel locker market.

Global Smart Parcel Locker Market: Segmentation

The global smart parcel locker market is fragmented based on deployment, type, application, and region. Based on the deployment, the global smart parcel locker market is split into outdoor and indoor. The type segment consists of laundry lockers, postal lockers, cooling lockers for fresh food, and modular parcel locker. Based on the application, the global market is bifurcated into universities & colleges, retail BOPIS, condos & apartments, commercial buildings, and others.

Global Smart Parcel Locker Market: Regional Analysis

North America is expected to remain the highest revenue contributor in the global smart parcel locker market during the forecast period. Large use of online shopping platforms is projected to boost parcel deliveries in the major cities in this region. The U.S is expected to hold the major share of the market in North America. Asia Pacific is expected to be the most lucrative market for smart parcel locker. Some of the factors such as increasing use of e-commerce, large online customer base, and presence of key market players are fuelling the growth of the market in this region.

Global Smart Parcel Locker Market: Competitive Players

Some of the key market players operating in the global smart parcel locker market include Quadient (Neopost), American Locker, TZ Limited, Hollman, Florence Corporation, Cleveron, Luxer One, KEBA, Zhilai Tech, Parcel Port, InPost, Parcel Pending, Kern, My Parcel Locker, and MobiiKey among other.

Global Smart Parcel Locker Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Factors such as the rise in e-commerce platforms coupled with an increase in online shopping, increase in adoption of digital solutions by the parcel industry, and growing demand for safe & secured delivery of parcels are propelling the growth of the global market. Furthermore, continuous advancements in the technology for upgrading the existing system and innovation of novel products may lead to beneficial opportunities for the growth of the global smart parcel locker market during the forecast period.

Some of the key market players operating in the global smart parcel locker market include Quadient (Neopost), American Locker, TZ Limited, Hollman, Florence Corporation, Cleveron, Luxer One, KEBA, Zhilai Tech, Parcel Port, InPost, Parcel Pending, Kern, My Parcel Locker, and MobiiKey among other.

North America is expected to remain the highest revenue contributor in the global smart parcel locker market during the forecast period. Large use of online shopping platforms is projected to boost parcel deliveries in the major cities in this region. The U.S is expected to hold the major share of the market in North America.

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