Smart Parcel Locker Market Size, Share, Trends, Growth and Forecast 2032

Smart Parcel Locker Market Insights

As per the published report by Market Research Store, the global Smart Parcel Locker Market size was estimated at USD 806.68 Million in 2023 and is anticipated to reach USD 2882.52 Million by 2032, growing at a projected CAGR of 15.2%. The report provides a detailed analysis of the global market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

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Global Smart Parcel Locker Market: Overview

An electrical locker which can be mounted or fixed in commercial or residential apartments is known as a smart parcel locker. This storage solution has in-built integrated technology which allows it to automate distribution, notification, and package delivery. To drop off parcels for outbound delivery and to receive the delivered parcel, the user can operate the smart parcel locker with the mobile app. It efficiently tackles the increased shipment volumes during the sales, festivals, and holiday season.

Global Smart Parcel Locker Market: Growth Factors

The global smart parcel locker market is growing at a speedy rate. Factors such as the rise in e-commerce platforms coupled with an increase in online shopping, increase in adoption of digital solutions by the parcel industry, and growing demand for safe & secured delivery of parcels are propelling the growth of the global market. Further, with the benefits for both businesses and consumers, the widespread technology of smart parcel lockers has taken over the world. It offers reliable delivery and secure access 24/7/365.

In addition to this, delivery control, the convenience of picking up the shipment, flexibility, guaranteed delivery & high security of storage, 24/7 self-service, saving on shipping & manual labor, and provide a free, convenient delivery & return process are some of the benefits that are been offered by the smart parcel locker systems. Owing to all such factors there is a surge in the installation of smart parcel lockers in the commercial, residential, and retail sectors. In addition to this, the ongoing Covid-19 pandemic situation has also boosted the sales of smart parcel locker due to an increase in online shopping during the pandemic.

Moreover, the increase in penetration of artificial intelligence and IoT-based solutions in the package and delivery industry is spurring the growth of the global smart parcel locker market. Furthermore, continuous advancements in the technology for upgrading the existing system and innovation of novel products may lead to beneficial opportunities for the growth of the global smart parcel locker market during the forecast period. However, the unavailability of strong network connections and low adoption of smart parcel locker in developing countries may hamper the growth of the global smart parcel locker market.

During the outbreak of the Covid-19, the sales of smart parcel locker increased exponentially. Most of the government enforced strict lockdown, restrictions on movement, and stay-at-home orders to curb the rapid spread of the infection. This led to an increase in online shopping for essential goods including grocery and food & beverages. In addition to this, the smart parcel locker makes collection of parcels safe and more convenient as it also offers contactless deliveries. Thus, the rise in online sales and increase in the use of e-commerce platforms during the pandemic has led to significant growth in the global smart parcel locker market.

Global Smart Parcel Locker Market: Segmentation

The global smart parcel locker market is fragmented based on deployment, type, application, and region.

Based on the deployment, the global smart parcel locker market is split into outdoor and indoor.

The type segment consists of laundry lockers, postal lockers, cooling lockers for fresh food, and modular parcel locker.

Based on the application, the global market is bifurcated into universities & colleges, retail BOPIS, condos & apartments, commercial buildings, and others.

Smart Parcel Locker Market: Report Scope

Global Smart Parcel Locker Market: Regional Analysis

North America is expected to remain the highest revenue contributor in the global smart parcel locker market during the forecast period. Large use of online shopping platforms is projected to boost parcel deliveries in the major cities in this region. The U.S is expected to hold the major share of the market in North America. Asia Pacific is expected to be the most lucrative market for smart parcel locker. Some of the factors such as increasing use of e-commerce, large online customer base, and presence of key market players are fuelling the growth of the market in this region.

Global Smart Parcel Locker Market: Competitive Players

Some of the key market players operating in the global smart parcel locker market include:

• Quadient (Neopost)
• American Locker
• TZ Limited
• Hollman
• Florence Corporation
• Cleveron
• Luxer One
• KEBA
• Zhilai Tech
• Parcel Port
• InPost
• Parcel Pending
• Kern
• My Parcel Locker
• MobiiKey among other.

The global Smart Parcel Locker Market is segmented as follows:  

By Deployment 

• outdoor 
• indoor

By Type 

• laundry lockers 
• postal lockers
• cooling lockers for fresh food 
• modular parcel locker 

By Application 

• universities & colleges 
• retail BOPIS
• condos & apartments 
• commercial buildings
• and others

Global Smart Parcel Locker Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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