Market Insight-Global Smart Parcel Delivery Locker Market Overview 2022
The Global Smart Parcel Delivery Locker Market Size was estimated at USD 1516 million in 2021 and is projected to reach USD 3571 million approximately by 2028, exhibiting a CAGR of 12.5% during the forecast period– Bossonresearch.com
Smart parcel lockers are the cutting-edge solution to intelligently manage ever-evolving package and asset delivery demands while providing secure, anytime pick-up options for recipients.
The increasing post and parcel industry is propelling parcel delivery companies to adopt advanced smart technologies to enhance customer satisfaction. There is a rising demand for smart cooling lockers across the food & beverages industry vertical to preserve and provide fresh food products. The rising penetration of the internet and smartphones has enabled consumers to import products, resulting in considerable growth in parcel shipments. The rising demand for modern solutions to manage package, mail, and asset delivery from residential and corporate sectors is contributing to the market growth. The growing demand from retail, colleges and universities, and other sectors to transform package and mail delivery is driving the smart parcel delivery locker market.
According to Bosson Research, the Global Smart Parcel Delivery Locker Market Size was estimated at USD 1516 million in 2021 and is projected to reach USD 3571 million approximately by 2028, exhibiting a CAGR of 12.5% during the forecast period.
Figure Global Smart Parcel Delivery Locker Market Size
Source: Bossonresearch.com, 2022
Market Drivers and Opportunities
Online shopping is becoming popular all around the world. With rising e-commerce sales, multifamily communities, retailers, and various businesses are finding new ways to boost the delivery of packages/ parcels along with focusing on reducing the cost and providing convenience to customers. All these factors are expected to create demand for smart parcel delivery lockers during the forecast period.
Smart parcel delivery lockers help in reducing last-mile delivery costs, enhancing and improving the parcel delivery omnichannel customer experience, which helps to create demand for the product in the market. Furthermore, businesses are focusing on more smart, secure, and convenient ways to deliver their products to customers which will further help the overall smart parcel delivery locker market to expand during the forecast period.
In developing regions, smart parcel delivery lockers are not very popular as many small scale businesses avoid using such lockers due to their initial cost which acts as a restraint for the growth of the market. Nevertheless, manufacturers are making innovative parcel lockers such as accommodating touchless smart parcel delivery lockers with modular configurations which is expected to boost the demand for smart parcel delivery lockers during the forecast period. Also, growing online platforms globally owing to Covid-19 has further driven market growth.
Key players in the Smart Parcel Delivery Locker Market include:
Quadient (Neopost)
TZ Limited
American Locker
Florence Corporation
Cleveron
Hollman
Luxer One
Parcel Port
KEBA
Zhilai Tech
InPost
My Parcel Locker
Kern
MobiiKey
Hive Box (China Post)
Cloud Box
Shanghai Fuyou
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