Smart Parcel Locker Market Insights, Size Revenue, Outlook, Overview, and Analysis. The global smart parcel locker market was estimated to be worth USD 898.35 million in 2023 and is predicted to expand to USD 2,560.03 million by 2032, with a CAGR of 12.4% during the forecast period from 2024 to 2032.
Market Definition:
Smart parcel lockers are clever electronic storage systems that enable secure shipment delivery of varied sizes. They are outfitted with a variety of digital and physical components, including card readers, LEDs, motors, sensors, and software. Smart parcel lockers offer additional security measures as well as remote shipment tracking, allowing users to keep track of their items while they are in transit. Package delivery lockers are the most recent innovation in parcel and package delivery services.
Drivers and Trends:
- The exponential growth of online shopping trends, as well as an increasing number of people turning to online shopping platforms for a variety of reasons, drives up demand for these lockers to manage deliveries properly.
- Companies are increasingly investing in R&D activities to develop and introduce new smart parcel lockers that are integrated with various smart technologies, such as smart refrigerators and temperature control, resulting in lucrative market growth opportunities.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Top Companies:
With the presence of multiple companies, the market is expected to be fragmented and subject to competition. Here are the top companies in the smart parcel locker market:
- Focus Action Sdn Bhd
- Hollman Inc.
- KEBA Group AG
- Kern Limited
- Locker & Lock Pte Ltd.
- LUXER Corporation
- Package Nexus
- ParcelPort Solutions Inc.
- Patterson Pope
- Pitney Bowes Inc.
- Quadient SA
- Ricoh Group
- Shenzhen Zhilai Sci and Tech Co.
- TZ Limited
Recent Developments in the Smart Parcel Locker Market:
- Cleveron Launches Battery-Powered Outdoor Parcel Locker (June 2023)
In June 2023, Cleveron unveiled a groundbreaking battery-powered outdoor parcel locker. This innovative solution is designed to operate independently of the power grid, significantly reducing CO2 emissions by 70%. The grid-independent functionality enhances sustainability and flexibility in parcel management.
- SLG Storage Introduces Advanced Locker Storage System (May 2023)
In May 2023, SLG Storage launched a new locker storage system aimed at providing secure and hassle-free package management. The system enables recipients to retrieve their packages using a unique OTP code, ensuring convenience and enhanced security for users.
Segmental Outlook:
The Smart Parcel Locker Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Smart Parcel Locker Market, Component Outlook (Revenue – USD Million, 2019-2032)
- Hardware
- Software
Smart Parcel Locker Market, Type Outlook (Revenue – USD Million, 2019-2032)
- Modular Parcel Lockers
- Cooling Lockers for Fresh Food
- Postal Lockers
- Laundry Lockers
- Others
Smart Parcel Locker Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Commercial Buildings
- Condos and Apartments
- Retail BOPIS
- Universities and Colleges
- Others
The Smart Parcel Locker Market is poised for robust growth, driven by the rising demand for efficient last-mile delivery solutions and advancements in IoT-enabled locker systems. Increased adoption across residential, retail, and logistics sectors is expected to further enhance market expansion, with a strong emphasis on sustainability and automation.