New York, Nov. 19, 2021 (GLOBE NEWSWIRE) -- According to our new research study on Smart Parcel Delivery Locker Market Size, Share, Revenue, Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Standard Smart Locker and Temperature Controlled Smart Locker), Component (Hardware and Software), and Application (Retail, Residential, University, Office, and Others) with COVID-19 Impact and Global Analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00010330
| Report Coverage | Details |
| Market Size Value in | US$ 677.6 million in 2021 |
| Market Size Value by | US$ 1,644.1 million by 2028 |
| Growth Rate | CAGR of 13.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 157 |
| No. Tables | 88 |
| No. of Charts & Figures | 82 |
| Historical Data Available | Yes |
| Segments Covered | Type, Component, and Application |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country Scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Smart Parcel Delivery Locker Market: Competitive Landscape and Key Developments
Cleveron, DeBourgh, KEBA, and KernPack are among the key players profiled during the smart parcel delivery locker market study. In addition, several other essential market players were also studied and analyzed to get a holistic view of the market and its ecosystem.
In 2021, TZ Limited opened a new office at the Oxford Centre for Innovation (UK), strengthening its relationships with local channel partners and expanding its client base in the region. With this development, the company will be able to provide truly global smart solutions to major enterprises and government agencies on every continent.
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Based on type, the global smart parcel delivery locker market is segmented into standard smart locker and temperature controlled smart locker. A smart parcel delivery locker plays a major role in the logistics sector, with billions of parcels delivered across the globe. End-use industries are demanding an infrastructure that can improve the way parcels are delivered. The growing demand for green, lean automated parcel locker technology and other delivery options is bolstering the market growth. Players in the smart parcel delivery locker market are offering standard smart locker systems with closed-loop access. For instance, Quadient provides a standard parcel locker to make parcel processing more efficient and improve user satisfaction. Its easy-to-use interface enables users to track parcels and get notifications of parcel delivery in real-time. The solution also provides an automated workflow to facilitate the package delivery and return processes. Cleveron offers Cleveron 302 parcel locker solution with modular column design, improved ergonomics, and drawer slots for small parcels with maximized capacity. The company's modular column system allows users to choose a suitable drawer configuration layout. Further, the locker sizes and placement can be easily changed by replacing or adding modules, which is encouraging the growth of the market. The e-commerce boom and significant growth in parcel volumes are anticipated to augment the growth of the standard smart locker segment.
According to the United Nations Conference on Trade and Development, the global e-commerce sales were US$ 26.7 trillion in 2019, up 4% from 2018. E-commerce sales were majorly dominated by the US, China, and the UK. The presence of some of the leading B2C e-commerce companies in the US and Canada and the growth of the internet users that engage in online purchases are bolstering e-commerce sales in North America. The smart parcel delivery locker market in North America is expected to grow considerably during the forecast period. The growth is attributed to the high adoption of advanced technology and the presence of major players in this region. The growing e-commerce industry is augmenting the adoption of advanced smart technologies to store and maintain parcels. The increasing demand for smart cooling lockers across the food & beverages sector is likely to boost the global smart parcel locker market growth in the forthcoming years. Partnerships, collaborations, and other market initiatives by the key players are further bolstering the market growth in North America. In March 2020, Canada-based Parcel Port Solutions Inc. and Artitalia Group Inc. announced their partnership to develop an advanced smart parcel locker system, Addobox, that facilitates the pickup of parcels in-store or online purchases for the customers. In October 2021, Pitney Bowes Inc. launched ParcelPoint Smart Lockers, a suite of robust, secure contactless locker solutions for its business expansion in the Canadian market.
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Increasing Demand for Digital Parcel Delivery Solutions to Propel Smart Parcel Delivery Locker Market Growth in Coming Years:
Players in the smart parcel delivery locker market are adopting and innovating new products to cater to the demands of evolving online marketplaces, emerging businesses, retailers, and consumers. The rise in trend of digitization and increase in demand for faster, more flexible, and lower-cost parcel delivery services are driving the market. The proliferation of the internet and smart devices has increased users' ability to manage the entire transaction, from product selection to payment to shipment tracking on their smartphones. Rising disposable income and changing consumer preferences are fueling the demand for digital parcel delivery solutions. Digital parcel delivery enables customers to retrieve packages and mails by providing a centralized delivery point. Electronic digital parcel delivery lockers installed at apartment complexes, small businesses, and large enterprises send instant notifications to the recipient that their package has arrived. The smart locker also ensures that their package is safe and secure throughout every step of the delivery process. An immense surge in the growth of online platforms across the globe post-COVID-19 pandemic is further driving the demand for digital and advanced smart parcel lockers.
Smart Parcel Delivery Locker Market: Type Overview
Based on type, the global smart parcel delivery locker market is segmented into standard smart locker and temperature controlled smart locker. The temperature controlled smart locker segment is anticipated to witness significant growth because of the growing demand for refrigerated pickup products. It is an advanced smart locker for storing perishable food items, medicine, or chemicals. The growing trend of online grocery shopping is propelling the demand for smart storage solutions. Temperature controlled smart locker can also be incorporated in an apartment or building to store residents' temperature-sensitive deliveries safely. Market players are providing a wide range of high-end smart lockers, such as those with thermoelectric cooling technology that keep locker compartments cool below the ambient temperature. The technology is witnessing a growing demand, owing to its low noise, long operating life, and low maintenance. The rising demand for protecting everything, from frozen groceries to meal deliveries, prescriptions, and others, is bolstering the growth of the temperature controlled smart locker segment.
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Key Questions to Request for Smart Parcel Delivery Locker Market:
- What are the driving factors responsible for the growth of smart parcel delivery locker market?
- What are the market opportunities for smart parcel delivery locker market?
- Which application-based segment has the largest market share in 2020?
- What are the future trend for smart parcel delivery locker market?
- Who are the major vendors in the smart parcel delivery locker market?
- Which region has the largest market share in the smart parcel delivery locker market?
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