The Smart Parcel Delivery Locker Market is projected to grow from USD 677.6 million in 2022 to USD 1,644.1 million by 2028, at a CAGR of 13.5% from 2023 to 2028.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Smart Parcel Delivery Locker Market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Smart Parcel Delivery Locker Market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Over the years, the global Smart Parcel Delivery Locker market has grown a lot because smart locker systems have become more technologically advanced. The Smart Parcel Locker is a computerized device that makes it easier for businesses to store packages. They give users safe access to their stocks and assets from anywhere, near or far, by instantly sending information about packages. It also helps shops save money on the last mile of shipping and make better use of their stock.
The world is facing a crisis that has never happened before in human history. Almost a third of the people in the world are on lockdown. The only way to stop more damage is to stay home and practice social separation. But this has led to a huge demand and a lot of people stockpiling things like food and drugs. This has made it even more likely that the virus will be spread from person to person, even when essentials are delivered to your house. Coronavirus is mostly spread through personal touch. So, for businesses to work well, they ideally need a way to talk to people without touching them. This gives the Smart Parcel Delivery Locker market a lot of chances to grow and make money.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Smart Parcel Delivery Locker Market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Smart Parcel Delivery Locker Market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Hardware, software, and services are the three main parts of the market.
In 2021, hardware had the biggest market share, and this is likely to stay the case for the next few years. Because more and more people want flexibility and ease in how they pick up or order online packages, retailers and societies are realizing the benefits of adding a smart locker system to their stores, businesses, or homes.The market is divided into indoor and outdoor based on where it is used.The most smart lockers are used indoors rather than outdoors because an outdoor locker costs three times as much as an indoor model. Due to the weather, outdoor lockers are hard to keep up and cost a lot to fix. This has cut their usefulness by almost half.There are modular parcel lockers, cooling lockers for fresh food, and mail lockers on the market.The modular parcel locker segment has the biggest share of the market, while cooling lockers for fresh food are likely to be the type of locker that grows the fastest.Based on how they are used, the market is split into commercial buildings, condos and apartments, retail BOPIS, universities and colleges, and others. (post offices, parking areas).
Most smart parcel lockers are installed in and around business buildings, but the BOPIS segment of retail stores is expected to install more smart lockers in the coming years.
Component
- Hardware
- Software
- Services
By Deployment
- Indoor
- Outdoor
By Type
- Modular Parcel Lockers
- Cooling Lockers for Fresh Food
- Postal Lockers
- Laundry Lockers
Based on application, the Smart Parcel Delivery Locker Market is segmented into:
- Commercial Buildings
- Condos and Apartments
- Retail BOPIS
- Universities and Colleges
- Others (Post Offices, Parking Areas)
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Recent Development
In September 2021, Ricoh Group stated that it would buy Apex’s European business, which makes smart lockers, to expand its services in Europe. It is expected that this acquisition will give a wide range of products and services.
In November 2021, Cleveron and Migros, a Swiss logistics company, announced a partnership to place indoor parcel lockers. With this agreement, the company wants to get more customers and grow its market.
In April 2022, TZ Limited stated that it had signed a contract with the NSW Government department in Australia to install 3,000 TZ smart lockers. With its smart cloud-based systems, the company improved the department’s old lockers.
In October 2021, Pitney Bowes Inc. started selling the ParcelPoint smart locker in Canada to add to its line of lockers. The package will be safe and sound in the new room. It uses cutting-edge technology to help improve efficiency and meet the growing demand for package service.
In March 2022, the KePol parcel box was made available at all KEBA stores in Australia. The new locker has 200 spaces, contactless entry, pick-up and drop-off, and is open to everyone 24 hours a day, 7 days a week. With its long-term partner, Australia Post, the company wants to automate the last mile of package delivery.
Regional Analysis
North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are the five areas that make up the world market. North America has the largest market share because the number of package deliveries has gone up because online shopping has grown so quickly there. Also, the best e-commerce companies are using cutting-edge technologies to make shopping easier for their customers. In 2020, an NPR/Marist study found that more than two-thirds of Americans would rather buy things online.
Asia-Pacific is expected to grow quickly because more people are shopping online and the government is working to make towns smarter. With top e-commerce companies like Alibaba, JD.com, and Pinduoduo, China is expected to be in the lead in the coming years. But India’s use of parcel boxes is expected to grow at the fastest rate due to a rise in government programs to help post offices adopt new technology.
Regional Smart Parcel Delivery Locker Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Smart Parcel Delivery Locker Market include:
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- Smart Parcel Delivery Locker Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
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Key Market Participants in the Smart Parcel Delivery Locker Market:
Quadient (Neopost), Parcel Port, Florence Corporation, TZ Limited, Luxer One, American Locker, Zhilai Tech, Hollman, Cleveron, KEBA,
Recent Development
In September 2021, Ricoh Group stated that it would buy Apex’s European business, which makes smart lockers, to expand its services in Europe. It is expected that this acquisition will give a wide range of products and services.
In November 2021, Cleveron and Migros, a Swiss logistics company, announced a partnership to place indoor parcel lockers. With this agreement, the company wants to get more customers and grow its market.
In April 2022, TZ Limited stated that it had signed a contract with the NSW Government department in Australia to install 3,000 TZ smart lockers. With its smart cloud-based systems, the company improved the department’s old lockers.
In October 2021, Pitney Bowes Inc. started selling the ParcelPoint smart locker in Canada to add to its line of lockers. The package will be safe and sound in the new room. It uses cutting-edge technology to help improve efficiency and meet the growing demand for package service.
In March 2022, the KePol parcel box was made available at all KEBA stores in Australia. The new locker has 200 spaces, contactless entry, pick-up and drop-off, and is open to everyone 24 hours a day, 7 days a week. With its long-term partner, Australia Post, the company wants to automate the last mile of package delivery.
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