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Global Smart Parcel Locker Market size is expected to reach $1821.71 million by 2028, rising at a market growth of 12.5% CAGR during the forecast period

10-17-2022 11:04 AM CET | IT, New Media & Software

Press release from: Introspective Market Research

Global Smart Parcel Locker Market size is expected to reach

Market Overview:
Global Smart Parcel Locker market was valued at USD 798.75 million in 2021 and is expected to reach USD 1821.71 million by the year 2028, at a CAGR of 12.5%.

Innovative manufacturing techniques are used to create smart parcel lockers while keeping in mind the value of having robust exteriors and advanced inside systems. The kiosk is powered by the Windows operating system, and the lockers are made of corrosion-resistant steel. This cutting-edge and inventive pairing of hardware and software is powerful. Due to its flexibility, simplicity, and accessibility around the clock, internet of things (IoT)-based parcel lockers has replaced the conventional last-mile delivery method. Additionally, they assist retailers in utilizing the goods in their stores and reducing transportation expenses.

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Market Dynamics:

Driver:

Encourage Safety and Security
Smart lockers protect your staff, visitors, and cargo while safeguarding your assets. Products are protected from the time they are scanned into the system until they are picked up by the right beneficiaries thanks to PINs, barcodes, and thorough chain-of-custody tracking. Smart locker services are being used in security-focused sectors like government, law enforcement, and higher education to preserve objects and assets, regulate access, and ensure accountability. By easing congestion in mail centers and other distribution facilities and offering a contactless pickup alternative for staff, clients, and visitors, smart lockers' automation and self-service capabilities promote health and safety.

Opportunities:
A rise in demand from emerging economies and technological advancements in smart packages are two reasons that are anticipated to create profitable chances for the market for smart parcel lockers in the next years. For instance, TZ Limited, a pioneer in the development of electronic locking systems, revealed their ideas in July 2021. They are concentrating on the development of smart devices and systems that enable the sale of software and hardware solutions to manage, control, and monitor corporate assets and provide value-added services through TZI Australia Pty Limited, Telezygology Inc., TZI UK Limited, and TZI Singapore.

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Market Segmentation
Based on the type: the modular parcel locker segment is expected to dominate the smart parcel locker market over the forecast period. These parcel lockers are designed in a modular format with one hanger rod per locker module, evenly distributed shelf loads, and high-quality stainless-steel door hinges. The modular design has the advantage of being simple to install, maintain, and use.

Based on Product Type: the smart parcel locker market is segmented into Indoor and Outdoor. In 2016, the interior category accounted for a major portion of the Smart Parcel Locker market. The reduced risk of vandalism and burglary contributes to the appeal of indoor terminals.

Based on the application: the retail segment is expected to dominate the smart parcel locker market over the forecast period. Smart parcel lockers enable the retail segment to adopt cheaper, quicker, and efficient delivery models.

By Type
• Modular Parcel Locker
• Cooling Lockers for Fresh Food
• Postal Lockers
• Laundry Lockers

By Deployment
• Indoor
• Outdoor

By Application
• Retail BOPIS
• Banks
• Apartments
• Offices
• Pharmacy
• Others

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Regional Analysis of Smart Parcel Locker Market:
North America region is anticipated to dominate the smart parcel locker market during the forecast period. The rising popularity of online shopping in North America is entrancing e-commerce providers to adopt technology that helps accomplish the demand and enhance the customer experience.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
• Smartbox Ecommerce Solutions Pvt. Ltd. (India)
• TZ Limited (Australia)
• CleverBox Co. (U.K.)
• Quadient (France)
• Abell International Pte. Ltd. (Singapore)
• Cleveron (Estonia)
• Package Nexus (U.S.)
• DeBourgh Manufacturing Co. (U.S.)
• Mobiikey Technologies Pvt. Ltd. (India)
• KEBA AG (Austria)

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Key Industry Developments In Smart Parcel Locker Market

In March 2020:Eroski launched the latest smart lockers for online food delivery pickers. The smart, safe locker was installed in a hypermarket. The lockers are appropriate for all types of refrigerated, frozen, and room temperature food products and guarantee food preservation.

In June 2021:Your Pick-Up-Point (YPUP) has introduced an advanced pick-up and parcel locker solution. YPUP provides a fully automated collection and drop-off solution for every workplace, industry, and market sector.

Table OF Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Deployment
 3.3 By Application
Chapter 4: Market Landscape
Chapter 5: Smart Parcel Locker Market by Type

To Be Continue……
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Introspective Market Research
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Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047
Email : sales@introspectivemarketresearch.com

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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