Smart Parcel Lockers on the Rise: A Global Market Analysis and Forecast

The Global Smart Parcel Locker Market size is expected to grow from USD 898.59 billion in 2022 to USD 2305.60 billion by 2030, at a CAGR of 12.5% during the forecast period (2023-2030).

Smart parcel lockers are automated storage systems that offer a secure and convenient alternative to traditional delivery methods. These lockers are typically installed in public areas, such as apartment complexes, retail stores, and transportation hubs. When a package is delivered, the recipient receives a notification with a unique code to access their parcel. Smart lockers provide 24/7 accessibility, eliminating the need for physical interaction between the customer and the delivery person, and reducing the risk of package theft or loss.

Key Prominent Players In The Smart Parcel Locker Market:

  • Smartbox Ecommerce Solutions Pvt. Ltd. (India)
  • TZ Limited (Australia)
  • CleverBox Co. (U.K.)
  • Quadient (France)
  • Abell International Pte. Ltd. (Singapore)
  • Cleveron (Estonia)
  • Package Nexus (U.S.)
  • DeBourgh Manufacturing Co. (U.S.)
  • Mobiikey Technologies Pvt. Ltd. (India)
  • KEBA AG (Austria) and others major players.

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Global Smart Parcel Locker Market Segmentation:

By Type          

  • Modular Parcel Locker
  • Cooling Lockers for Fresh Food
  • Postal Lockers
  • Laundry Lockers

By Deployment         

  • Indoor
  • Outdoor

By Application          

  • Retail BOPIS
  • Banks
  • Apartments
  • Offices
  • Pharmacy
  • Others

Geographic Segment Covered in the Report:

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Smart Parcel Locker market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Smart Parcel Locker market segments and regions.

Key factors driving market growth include:

E-commerce boom: The proliferation of online shopping has led to a significant increase in parcel deliveries, creating a need for efficient and secure last-mile solutions.

Urbanization: Densely populated urban areas often face challenges with package delivery, making smart lockers a viable solution for managing package volume.

Consumer convenience: Smart lockers provide flexibility and convenience for package pickup, allowing customers to retrieve parcels at their own convenience.

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