The smart parcel lockers market is expected to touch US$ 1.8 billion by the end of 2028 – In-depth Market Report by RationalStat | RationalStat

The report assesses the global market based on type, application, deployment, and region. A comprehensive report provides a detailed historical and future market size with trend analysis. The market share analysis, e-commerce market by country, an overview of the competition, strategic imperatives, potential growth areas, and competition analysis for the target players evaluated in the global smart parcel locker market.

Market Overview and Dynamics: Growing transportation and logistics industry is expected to boost the demand for smart parcel lockers in the upcoming years

The global smart parcel locker market is expected to grow at a CAGR of around 12% during the forecast period of 2022-2028. The rapidly growing online shopping and & E-commerce are expected to boost the demand for smart parcel lockers across the globe.

Moreover, contactless delivery, complete chain of custody, 24/7 self-service access, prompt delivery, and installation are some of the benefits which are anticipated to further propel the demand for the adoption of smart parcel lockers globally.

Furthermore, the increasing global penetration of the internet and smartphones has enabled consumers to import goods from other countries. This is expected to result in a significant increase in parcel shipments. Furthermore, retailers are emphasizing the use of smart parcel locker solutions to avoid late and unsuccessful deliveries.

Segmental Analysis

  • Based on type, the modular locker holds a prominent share of the global smart parcel locker market owing to its compatibility and maximum utilization feature, whereas the cooling lockers are expected to be the fastest-growing segment in the forthcoming years.
  • Based on the Deployment, Indoor lockers are expected to dominate the global smart parcel lockers market as indoor lockers are comparatively more economical and cost-effective than outdoor lockers, whereas the maintenance of outdoor lockers is challenging and expensive.
  • Based on application, the public enterprises, and commercial buildings segment is expected to hold a prominent share in the global smart parcel locker market as corporate companies provide lockers to their employees so that they can manage parcels while at work.

Competition Analysis: Increasing adoption of parcel management solutions by e-commerce players is expected to boost the market growth

Due to the presence of many well-established companies in the global smart parcel locker sector, there is intense competition. In order to preserve a competitive advantage in the market, technology upgradation, and increasing focus on providing optimum solutions to customers are some of the key strategies adopted by the market players.

Acquisitions, product launches, and partnerships are the identified industry trend in the global smart parcel locker market. Significant consolidation is expected in the global market during the assessed period 2022-2028.

  • In September 2022, Industrial automation company Arka opened a US$ 2 million (€2 million) smart locker factory in Romania.
  • In September 2022, Swedish last-mile delivery companies Budbee and Instabox merged together under a new holding company, Instabee.

The global smart parcel market is fragmented in nature with the presence of many players in the market. Some of the prominent players operating in the global smart parcel lockers market include TZ Limited, Quadient SA, Ricoh Group, Pitney Bowes Inc, KEBA AG, DE Bourgh Manufacturing Company, Mobiikey Technologies Pvt Ltd., Parcel Port, Florence Corporation, Abell International Pte Ltd., CleverBox Co., RENOME Group, Cleveron, Kern Ltd, and Alpha Locker System among others.

RationalStat has segmented the global smart parcel locker market on the basis of type, application, deployment, and region

  • By Type
    • Modular Parcel Locker
    • Cooling Locker
    • Postal Locker
    • Laundry Locker
    • Others (Self-Service Parcel Locker)
  • By Application
    • Retail
    • Government Agencies
      • (Post Offices, etc.)
    • Colleges and Universities
    • Public Enterprises and Commercial Buildings
    • Others (Residential, etc.)
  • By Deployment
    • Indoor
    • Outdoor
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • Rest of Eastern Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC
      • South Africa
      • Turkey
      • Rest of the Middle East & Africa

For more information about this report: https://store.rationalstat.com/store/global-smart-parcel-locker-market/

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.  The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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