IMARC Group, a leading market research company, has recently releases report titled “Smart Parcel Locker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the smart parcel locker market?
The global smart parcel locker market size reached US$ 786 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,566 Million by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028.
What is smart parcel locker?
A smart parcel locker is a technologically advanced system providing secure, self-service parcel storage for delivery and collection. These lockers operate through digital connectivity and authentication, which allows recipients to pick up their parcels at their convenience, reducing the necessity for direct recipient-to-courier contact. The lockers typically contain multiple compartments for storage and can be in various accessible locations, such as shopping centers, offices, residential complexes, and transportation hubs. By providing a contactless, convenient, and efficient method of handling parcel deliveries, smart parcel lockers are progressively becoming an essential component of last-mile logistics solutions, increasingly gaining traction in the era of e-commerce and digital retail.
What are the growth prospects and trends in the smart parcel locker industry?
The rapid expansion of e-commerce is significantly increased parcel volumes and necessitated more efficient and secure delivery systems which represents one of the key factors driving the growth of the global smart parcel locker market. Smart parcel lockers effectively meet this need, supporting faster, trackable, and safer deliveries which are acting as a major growth-inducing factor. In line with this, the rising urbanization and densification of cities are making door-to-door deliveries more challenging, thus making these lockers an ideal solution for such dense urban environments.
This is further contributing to the growth of the market. The market is also driven by the increasing consumer demand for flexibility, convenience, and 24/7 accessibility to their parcels. In addition to this, the rising need for reducing carbon footprints by minimizing failed deliveries and redundant transportation is another vital factor promoting the adoption of smart parcel lockers. Apart from this, significant technological advancements, such as integration with IoT, AI, and blockchain for enhanced security and operational efficiency are creating a positive outlook for the market across the globe.
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Who are the key players operating in the industry?
The report covers the major market players including:
- American Locker
- Cleveron AS
- Hollman Inc.
- KEBA Group AG
- Kern Limited
- Locker & Lock Pte Ltd
- Luxer Corporation
- Package Nexus
- ParcelPort Solutions Inc.
- Pitney Bowes Inc.
- Ricoh Company Ltd.
- Snaile Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Component Insights:
- Hardware
- Software
- Services
Type Insights:
- Modular Parcel Lockers
- Cooling Lockers for Fresh Food
- Postal Lockers
- Laundry Lockers
Deployment Insights:
- Indoor
- Outdoor
Application Insights:
- Commercial Buildings
- Condos and Apartments
- Retail BOPIS
- Universities and Colleges
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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