According to a recent market study published by Growth Market Reports, titled, “Global Smart Lockers Market” by Component, by Product Type, by Technology, by End-user and by Region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 3,139.2 Million in 2022 and is expected to grow at a growth rate of 7.8% by the year 2031.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Smart Lockers Market” is anticipated to witness significant growth during the forecast period 2023-2031.

Smart Lockers are electronically managed secure storage spaces where items such as packages, deliveries, and personal belongings can be stored for pick-up at a later time. These lockers often use digital codes or contactless credentials for operation, increasing both convenience and security. Use of smart lockers varies across different sectors. E-commerce firms frequently use them for package delivery, allowing customers to collect their purchases at their convenience. In corporate or educational environments, smart lockers can serve as personal storage spaces. They can also be used for asset management in companies, enabling secure and trackable handling of valuable equipment. The use of smart lockers essentially aims to enhance the efficiency and security of storage and transaction processes.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. The global supply chain is used to study the key competencies of a company to reduce costs and differentiate products, thus boosting productivity and profitability, and contributing to the macroeconomic growth of a country. Smart lockers are assembled by manufacturers using the materials and components supplied. The designing the locker structure, adding electronic components such as keypads, touchscreens, and sensors, and integrating locking mechanisms are all part of the assembly process. End-users are a final step of the supply chain, where consumption takes place. End-users of smart lockers are residential, and commercial sectors such as offices, institutions, retail & e-commerce.

The primary as well as secondary research methodology is used for keen observation and study of the Global Smart Lockers Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has slightly negatively impacted the market due to the decrease in demand of Smart Lockers from end use industry. The outbreak of Coronavirus in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of items, such as groceries, dairy, vegetables, and other materials; thus, creating manufacturing issues. The COVID-19 outbreak affected almost every industry. Long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Africa, Latin America, European Union, Eastern & Central Asia, and the US.

Key Takeaways from the Study:

  • The players include Agile Workspace Limited, eLocker Ltd., Exela Technologies, Inc., ExPD, Godrej Interio, Hollman, Inc., Meridian Kiosks, Mobiikey, Pitney Bowes Inc., Real Time Networks, Ricoh, Signifi, Inc, Smiota, and Vecos.

  • Based on the component, the global smart lockers market is segmented into hardware, software, and services. The hardware segment is projected to expand at a significant CAGR during the forecast period. This segment is driven by the rising need for security and efficiency in managing high volumes of parcels, especially in urban areas, where space & time are limited, and the technological advancements & innovations in smart lockers, such as biometric authentication, voice control, remote access, cloud integration, and artificial intelligence.

  • Based on product type, the global smart lockers market is segmented into generic lockers, staff lockers, asset management lockers, and others. The staff lockers segment is expected to hold a significant market share during the forecast period, owing to features such as enhanced security convenience, improved employees' experience, and integration with digital systems for tracking and access control. Moreover, these lockers offer security to employees' belongings, making them well-suited for modern workplace environments. The demand for staff lockers is driven by the need for efficient and effective management of employee assets and belongings in various organizations and businesses.

  • Based on technology, the global smart lockers market is segmented into RFID, mobile, electronic, mechanical, touchpad, and others. The mobile segment is projected to expand at a significant CAGR during the forecast period. The growing integration of mobile devices with other smart home devices and platforms, such as voice assistants, biometrics, artificial intelligence, and blockchain, can enhance the user experience and functionality of smart lockers which in turn drives this segment.

  • Based on the end-user, the global smart lockers market is segmented into residential and commercial. The commercial segment held significant share of the market in 2022. Businesses are increasingly adopting smart lockers for contactless delivery and pickup of goods, due to rising e-commerce and changing consumer preferences. These lockers are a convenient and secure way for customers to receive their orders. Some businesses are partnering with delivery companies to create a seamless last-mile delivery process, using smart lockers as convenient pickup points for customers. Rising usage of Smart lockers are being used for various purposes in the commercial sector, such as security, delivery and asset management.

  • Based on region, the Smart Lockers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to the presence of large e-commerce companies that uses smart lockers to deliver products. Smart lockers use advanced safety features like touchpad or RFID to ensure that only those who are authorized can access the locker. As a result, they are great for storing important objects including electrical devices, personal documents, and prescriptions for patients.

Report Scope:

Report Metric


Market Value in 2022

USD 3,139.2 Million

Market Growth Rate


Historical Data


Base Year


Forecast Period


Units Considered

Value (USD Million)

Market Segments

By Component, By Product type, By Technology, By End-user, and By Region

Key Companies Profiled

Agile Workspace Limited, eLocker Ltd., Exela Technologies, Inc., ExPD, Godrej Interio, Hollman, Inc., Meridian Kiosks, Mobiikey, Pitney Bowes Inc., Real Time Networks, Ricoh, Signifi, Inc, Smiota, and Vecos.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.


Target Audience:

  • Demand Side: Retail and E-commerce, Logistics, Institutions, and Hospitality Industry.

  • Regulatory Side: Concerned government authorities, and other regulatory bodies.