Smart Parcel Locker Market Outlook, Developments And Industry Growth Forecast 2022 To 28

According to Precision Business Insights (PBI), the latest report, the Smart Parcel Locker market is expected to be valued USD 682.1 million in 2022, growing at an 12.6% CAGR from 2022 to 2028. The primary driver of the expansion of the global Smart Parcel Locker market includes the increasing acceptance of smart lockers across the e-commerce industry.

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Modular Parcel Locker Segment to Dominate the Smart Parcel Locker Market:
The modular parcel locker segment is expected to hold a larger revenue share in the global market, with a value share worldwide. Based on product type, the modular parcel locker segment held a significant position in the smart parcel locker market in historic periods and is also expected to have extensive growth due to the growing demand for maximum efficiency and low-maintenance modular lockers worldwide. modular parcel locker gives the opportunity to manufacturers to display steady innovation with time which will undoubtedly boost the demand of the smart parcel locker market.

North America Smart Parcel Locker Market:
North America market is expected to lead the global Smart Parcel Locker market over the forecast period. North America is expected to retain the focus and hold the maximum share in the global smart parcel locker market in the forthcoming years owing to the increasing adoption of innovative and advanced parcel running solutions. The existence of key players of e-commerce firms is probable to push the demand for innovative smart parcel lockers market by making huge investments in continuous progressive and technologically advanced products. Furthermore, Europe is anticipated to hold a progressive place in the growth market of smart parcel lockers because of the existence of recognized logistics systems in the region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Smart Parcel Locker market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2021 Your Pick-Up-Point (YPUP) launched an advanced pick-up and parcel locker solution. YPUP provides a fully automated collection and drop-off solution for every industry, workplace, and market sector. In march 2022, Quadient announced that DHL will be systematic out a significant number of smart parcel lockers.

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The smart parcel locker market is segmented based on product type, deployment, application, and geography.
Based on the product type, the market is segmented into the following:
• Postal Lockers
• Cooling Lockers for Fresh Food
• Modular Parcel Locker
• Laundry Lockers

Based on the deployment, the market is segmented into the following:
• Indoor
• Outdoor

Based on the application, the market is segmented into the following:
• Commercial Buildings
• Universities & Colleges
• Condos and Apartments
• Retail BOPIS
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Smart Parcel Locker market report are Your-Pick-Up-Point, Eroski, Smartbox Ecommerce Solutions Pvt. Ltd. (UP, India), TZ Limited (New South Wales, Australia), CleverBox Co. (London, U.K.), Quadient (Bagneux, France), Package Nexus (California, U.S.), Abell International Pte. Ltd. (Singapore), KEBA AG (Linz, Austria), Cleveron (Viljandi, Estonia), DeBourgh Manufacturing Co. (Colorado, U.S.), Mobiikey Technologies Pvt. Ltd. (Karnataka, India).

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This release was published on openPR.