As the e-commerce sector expands, parcel delivery businesses are being compelled to implement cutting-edge smart technology in order to increase consumer satisfaction by offering dependable and reliable parcel solutions. Smart parcel locker is a type of computer-controlled locker used by ecommerce companies that enables users to get their parcel and packages whenever they want and their desired place and time. Due to varied levels of lockdowns enacted throughout the world, the COVID-19 pandemic has had a detrimental influence on the market due to supply chain disruptions. The market for smart parcel locker is likely to rebound when the lockdowns are gradually lifted.The Global Smart Parcel Locker market was valued at USD 806.05 Million in 2021 and it is predicted to reach USD 1833.9 Million by 2030, rising at a compound annual growth rate (CAGR) of 12.5 % from 2022 to 2030.
Smart parcel lockers aren't particularly common in developing countries because many small firms choose not to use them because of the high initial investment required, which limits the market's expansion. The producers are producing cutting-edge parcel lockers, such as touch less smart lockers with customizable setups, this is anticipated to drive the demand for the market. Additionally, consumers increased ability to import goods from other nations due to the expanding use of the internet and smartphones worldwide. It is anticipated that this will cause the number of parcel shipments to increase significantly.
Years Considered for the study:
Smart Parcel Locker Market
By Product Type:
Based on product type, the global smart parcel locker market is segmented into Indoor and Outdoor. In 2021, the indoor segment dominated the market, accounting for almost % of total sales. In terms of revenue, the indoor segment is predicted to grow at the CAGR of % over the forecast period. The low risk of vandalism and theft is a contributing factor in increasing the popularity of indoor lockers. The end users of these lockers find them convenient, and because there are fewer environmental and regulatory requirements, they are simple to install. In 2021, in terms of revenue, the outdoor segment is predicted to grow at the CAGR of % over the forecast period.
Based on type, the global smart parcel locker market is segmented into Modular Parcel Locker, Cooling Lockers, Postal Lockers, Laundry Lockers. In 2021, the Modular Parcel Locker category dominated the market, accounting for almost % of total sales. In terms of revenue, the segment is predicted to grow at the CAGR of % over the forecast period. The modular design of these parcel lockers involves high stainless steel door hinges, one hanger rod per module, and well distributed shelf loads. The advantages of the modular design include simple installation, quick maintenance, and flexible usage. In 2021, the postal locker segment accounted for the second-largest revenue share with %. In terms of revenue, the segment is predicted to grow at the CAGR of % over the forecast period. The postal locker facility, which is well-known in Europe, accept packages sent via registered mail or speed mail. The government of India has also announced incorporation of smart lockers in the postal department.
By Application Type:
Based on type, the global smart parcel locker market is segmented into Retail, family, University, office and others. In 2021, the retail segment dominated the market, accounting for almost % of total sales. In terms of revenue, the segment is predicted to grow at the CAGR of % over the forecast period. Additionally, it is anticipated that the flexibility of these lockers to function independently at metro stations, retail center, superstores, and sidewalks will fuel the expansion of the retail locker market.
In 2021, the university and college accounted for the second-largest revenue share with %. In terms of revenue, the segment is predicted to grow at the CAGR of % over the forecast period. Packages play a significant role in helping students adapt to this new way of life. While online shopping is a convenient option to purchase supplies for the dorm, care packages from family and friends give consolation and love. Smart lockers' simplicity, effectiveness, and safety guarantee that students receive their essentials as smoothly as feasible.
By Regional Outlook:
On the basis of geography, the global smart parcel locker market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2021 North America dominated the market, accounting for about % of the global market. Availability research and development and infrastructure facilities in the region has enabled the continent to monopolize the world markets. Higher adoption of new technology drives the demand. The growth can be attributed to the rise of e-commerce enterprises which are using cutting-edge parcel management technologies.
In 2021, the Asia Pacific market was estimated to be worth USD Million. In terms of revenue, Asia Pacific is expected to grow at the CAGR of % during the projection period. Rising income of the people in the region is pushing the adoption of the newer technology. The increasing awareness about the smart parcel locker is the major factor contributing for the growth of the market. The presence of Alibaba in China and Amazon in India are driving the demand. The launch of ONDC by the Indian government would aid the growth of the market.
By Key Competitors and Market Share Analysis:
The following are some of the major market players operating across the globe:
- Ricoh Group
- Quadient SA
- TZ Limited
- Pitney Bowes Inc.
- KEBA Group AG
- LUXER Corporation
- ParcelPort Solutions, Inc
- Hollman, Inc.
- Shenzhen Zhilai Sci and Tech Co.
Scope of the report
|Actual estimates/Historical data||2017 - 2020|
|Forecast period||2022 - 2030|
|Market representation||Revenue in USD 1833.9 Million & 12.5% CAGR from 2022 to 2030|
|Regional scope||North America, Europe, Asia Pacific, Latin America, MEA|
|Country scope||USA, Canada, Mexico, Brazil, Argentina, U.K., Germany, Italy, France, Spain, China, Japan, South Korea, India, Australia, Saudi Arabia, Qatar, UAE, South Africa, etc.|
|The Segment covered by||Product Type , Type, Application|
|Companies covered||Ricoh Group , Quadient SA , TZ Limited , Pitney Bowes Inc. , KEBA Group AG , Cleveron , LUXER Corporation , ParcelPort Solutions, Inc, Hollman, Inc. , Shenzhen Zhilai Sci and Tech Co.|
|Report coverage||Revenue forecast, company share, competitive landscape, growth factors, and trends|
|Free customization scope (equivalent to 5 analyst working days)||If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization|
Major Highlights and USPs of Report:
- Detailed look Revenue, Sales and Production Analysis by Region/Country
- Company Market Share Analysis for 5 Years, Revenue, Sales, Price, and Gross Margin Analysis
- Porter Five Forces Analysis
- Market Dynamics (Driver, Restrain and Opportunities Analysis)
- Value Chain Analysis
- Porter Five Force Model
- Pestle Analysis
- Regulatory Framework
- Technology Roadmap
- The Market attractiveness analysis of each segment
- Marketing Strategy Analysis
- Direct Marketing
- Indirect Marketing
- Country Level Analysis
- Raw Material Analysis
- Cost Structure
- Recent Initiative by Key Players to Sustain in Competition
Available Array of Customizations:
- Country-level bifurcation of data for any specific regional/country-specific report.
- Enlargement of scope and data forecasts until 2030.
- Company Market Share for specific country/countries and regions.
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- Customized Report Framework for particular Type/ Application/ New Product/Services Launch and/or Development.
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Segments Covered in the Report
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this report, Data Lab Forecast has segmented the global Smart Parcel Locker Market report on the basis of Product Type , Type, Application, and region:
The report segment of the global Smart Parcel Locker market is as follows:
Global Smart Parcel Locker Market: By Product Type Outlook (Revenue, USD Million, 2021 - 2030)
Global Smart Parcel Locker Market: By Type Outlook (Revenue, USD Million, 2021 - 2030)
- Modular Parcel Locker
- Cooling Lockers
- Postal Lockers
- Laundry Lockers
Global Smart Parcel Locker Market: By Application Outlook (Revenue, USD Million, 2021 - 2030)
Global Smart Parcel Locker Market: By Region Outlook (Revenue, USD Million, 2021 - 2030)
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- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle East and Africa
- GCC Countries
- South Africa
- Rest of The Middle East & Africa