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Smart Parcel Locker Market Share, Growth, Opportunities 2031
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Smart Parcel Locker Market Share, Growth, Opportunities 2031

Segments - Smart Parcel Locker Market by Types (Min. Order ＜10, Min. Order 10-50, and Min. Order >50), Applications (Condos, Apartment Complexes, Businesses, and Others), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-127 | 4.4 Rating | 77 Reviews | 133 Pages | Format : PDF Excel PPT

Report Description


Smart Parcel Market Outlook 

The global smart parcel locker market was valued at USD 847.25 Billion in 2022 and is projected to reach USD 3.22 Billion by 2031 , expanding around a CAGR of 16% during the forecast period 2023-2031.

Smart parcel lockers are computerized electronic locker systems which are used for operations including pick-up and delivery of parcels. The total smart parcel lockers system is made up of a set of lockers used for the pick-up by users and delivery by users. These lockers are placed within residences or at workplaces, to help users receive their parcels according as per their convenience.

 

Smart Parcel Locker Market Outlook

Smart Parcel Locker Market Dynamics

Advancements in technology and varied applications of smart cameras are driving the global parcel lockers market. Additionally, consumers prefer to have parcel lockers combined with features resembling smartphones, which is expected to increase the demand of parcel lockers. Reduction in operational costs associated with parcel delivery and improved efficiency over first and last mile services for logistics players has increased the demand for these lockers.

The smart parcel locker market is anticipated to expand at a significant CAGR during the forecast period. Factors such as 24x7 delivery and pick-up options available for parcel providers and receivers, ease of use, and technological connectivity are driving the market. Additionally, increasing focus of e-commerce and omni-channels to improve supply chain management is fueling the demand for smart parcel lockers.

Smart Parcel Locker Market Segment Insights

On the basis of types, the global Smart Parcel Locker Market is categorized as min. order ＜10, min. order 10-50, and min. order >50. The min. order 10-50 segment is anticipated to expand at a CAGR of around 16.0% during the forecast period, as high capacity are installed in the areas with the dense presence of population such as businesses and apartment.

The min. order >50 segment is estimated to hold over 1/3rd share of the market in 2019, as it is used in areas with the high customer presence. The min. order ＜10 segment is estimated to hold significant share of the market in 2020, as the quantity of these lockers can be increased with the installation of additional lockers on the existing panel of the lockers.

Smart Parcel Locker Market Type

On the basis of applications, the market is segregated into condos, apartment complexes, businesses, and others. The business segment accounts for a major share of the market, as smart parcel lockers with large capacity are installed in areas of dense population, such as businesses and apartments.

Smart Parcel Locker Market Application

Condos or condominiums are residential buildings or communities that can be purchased or rented and are similar to apartments. Condos are present in building structures and are divided into units for independent ownership.

Recently, the construction of detached condominiums for single-family homes is increasing. It has areas such as yards, corridors, building exteriors, streets, and recreational facilities that are owned and maintained by a community association. Condos are an emerging trend in the construction industry.

Apartment complexes are a series of buildings. These complexes involve a large number of apartments. The population present in these complexes is high due to the presence of large number of apartments and families leaving in these apartments. The self-contained housing units are owned by one or more owners.

Retailers and other parcel delivery service providers are installing smart parcel lockers in apartment complexes to reduce the workforce required by the logistics division of businesses. This is reducing costs and allowing the delivery persons to provide parcels in less time. Furthermore, the availability of dedicated lockers for parcels is reducing handling damages.

Business areas involve commercial spaces including offices, small businesses, and large businesses. Businesses are choosing smart parcel lockers depending on their employee strength and frequency of parcels. They are leveraging smart parcel lockers systems, as these are helping businesses save employee time, which is wasted while parcel collections. Smart parcel lockers can be divided according to product categories such as food products, letters, or other e-commerce parcels, which in turn, is increasing the demand for lockers in business areas.

The others segment includes areas other than the above-mentioned locations for the installations of smart parcel lockers. These include sidewalks, college areas, post offices, and parking areas. Areas where pick and drop of parcels are convenient for the customers and delivery persons are included in the others segment.

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a promising region for the market. In terms of value, Europe constituted approximately XX% share of the market in 2019. The market in the region is projected to expand at a CAGR around XX% during the forecast period due the increase in its demand. Smart parcel lockers are becoming a necessity, as a large number of consumers are purchasing them online in the US and Canada, thus boosting the market in the region.

Smart Parcel Locker Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global smart parcel locker market
  • Historical, current and projected market size in terms of value and volume
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global smart parcel locker market performance

Segments

By Types

  • Min. Order ＜10
  • Min. Order 10-50
  • Min. Order >50

By Applications

  • Condos
  • Apartment Complexes
  • Businesses
  • Other

By Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Poland
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA

Key Market Players Profiled in the Report

  • TZ Limited
  • Patterson Pope
  • DeBourgh
  • KEBA
  • RENOME
  • Xiamen Headleader Technology Co., Ltd.
  • SHENZHEN ZHILAI SCI AND TECH CO., LTD
  • Locker & Lock Pte Ltd.
  • ALPHA Corporation
  • Cleveron AS
  • Smartbox Ecommerce Solutions Pvt. Ltd.
  • Snaile Inc.
  • Package Nexus
  • Vlocker
  • Focus Action Sdn Bhd
  • ABELL INTERNATIONAL PTE LTD
  • VIOLANTA
  • Kern Limited
  • Clevtech

Competitive Landscape

  • Key players in the market include TZ Limited, Patterson Pope, DeBourgh, KEBA, RENOME, Xiamen Headleader Technology Co., Ltd., SHENZHEN ZHILAI SCI AND TECH CO., LTD, Locker & Lock Pte Ltd., ALPHA Corporation, and Cleveron AS. These companies are considered manufacturers of smart parcel locker based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the smart parcel locker is added in the company’s capacity.
  • In 2019, TZ limited announced partnership with goSmart, which is a newly branded and transformed BeCode UK company that provides support to electronics locking and storage solutions. Through this partnership the former company plans to increase the presence in the UK.
  • In 2018, Package Nexus launched REFRIGERATED SMART LOCKERS to increase its market share and product portfolio.
  • In 2019, Snaile Inc. partnered with SmartONE. Snails Inc.’s automated parcel lockers provide secure, automated pickup and delivery of parcels including perishables and laundry. SmartONE provides solutions for automated parcel lockers. This partnership is anticipated to help the former increase its production.

Smart Parcel Locker Market Keyplayers

Frequently Asked Questions

Additional company profiles can be provided on request.

Yes, the report covers volume details of products.

According to this Growth Market Reports report, the market from smart parcel locker is likely to register a CAGR of approximately 16.0% during forecast period 2020-2027, with an anticipated valuation of USD 1,743.9 million by the end of the 2027.

In addition to market size (in USD Million), market volume (in 000’ Units) and Company Market Share (in % for base year 2019), other data such as Pricing analysis for year 2017 to 2027 (estimated pricing analysis) is provided, is available in final report.

Automation is making its way in applications across various industries. Increasing need to implement effective supply chain for retail and logistics is creating lucrative opportunities for smart parcel lockers. Moreover, increasing penetration of e-commerce globally is driving the demand for these lockers are key factors driving the smart parcel locker market growth.

Business are the key end-user that are driving the smart parcel locker market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to decline between 2019 and 2020 owing to the considerable impact of COVID-19 pandemic on the smart parcel locker market.

The base year considered for the global smart parcel locker market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2021 to 2027.

Major Manufactures include, TZ Limited, Patterson Pope, DeBourgh, KEBA, RENOME, Xiamen Headleader Technology Co., Ltd., SHENZHEN ZHILAI SCI AND TECH CO., LTD, Locker & Lock Pte Ltd., ALPHA Corporation, and Cleveron AS.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Parcel Locker Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Smart Parcel Locker Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Smart Parcel Locker Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Smart Parcel Locker Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Smart Parcel Locker Market Size & Forecast, 2017-2027
      4.5.1 Smart Parcel Locker Market Size and Y-o-Y Growth
      4.5.2 Smart Parcel Locker Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2017-2027
Chapter 5 Global Smart Parcel Locker Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Smart Parcel Locker Market Size & Volume Forecast By Type
      5.2.1 Min. Order ＜10
      5.2.2 Min. Order 10-50
      5.2.3 Min. Order >50
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Smart Parcel Locker Market Analysis and Forecast By
                Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Smart Parcel Locker Market Size & Volume Forecast By Application
      6.2.1 Condos
      6.2.2 Apartment complexes
      6.2.3 Businesses
      6.2.4 Other
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Smart Parcel Locker Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Smart Parcel Locker Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Smart Parcel Locker Analysis and Forecast
   9.1 Introduction
   9.2 North America Smart Parcel Locker Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Smart Parcel Locker Market Size & Volume Forecast By Type
      9.6.1 Min. Order ＜10
      9.6.2 Min. Order 10-50
      9.6.3 Min. Order >50
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Smart Parcel Locker Market Size & Volume Forecast By Application
      9.10.1 Condos
      9.10.2 Apartment complexes
      9.10.3 Businesses
      9.10.4 Other
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Smart Parcel Locker Analysis and Forecast
   10.1 Introduction
   10.2 Europe Smart Parcel Locker Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Smart Parcel Locker Market Size & Volume Forecast By Type
      10.6.1 Min. Order ＜10
      10.6.2 Min. Order 10-50
      10.6.3 Min. Order >50
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Smart Parcel Locker Market Size & Volume Forecast By Application
      10.10.1 Condos
      10.10.2 Apartment complexes
      10.10.3 Businesses
      10.10.4 Other
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Smart Parcel Locker Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Smart Parcel Locker Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Smart Parcel Locker Market Size & Volume Forecast By Type
      11.6.1 Min. Order ＜10
      11.6.2 Min. Order 10-50
      11.6.3 Min. Order >50
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Smart Parcel Locker Market Size & Volume Forecast By Application
      11.10.1 Condos
      11.10.2 Apartment complexes
      11.10.3 Businesses
      11.10.4 Other
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Smart Parcel Locker Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Smart Parcel Locker Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Smart Parcel Locker Market Size & Volume Forecast By Type
      12.6.1 Min. Order ＜10
      12.6.2 Min. Order 10-50
      12.6.3 Min. Order >50
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Smart Parcel Locker Market Size & Volume Forecast By Application
      12.10.1 Condos
      12.10.2 Apartment complexes
      12.10.3 Businesses
      12.10.4 Other
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Smart Parcel Locker Analysis and
                  Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Smart Parcel Locker Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Smart Parcel Locker Market Size & Volume Forecast By Type
      13.6.1 Min. Order ＜10
      13.6.2 Min. Order 10-50
      13.6.3 Min. Order >50
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Smart Parcel Locker Market Size & Volume Forecast By
             Application
      13.10.1 Condos
      13.10.2 Apartment complexes
      13.10.3 Businesses
      13.10.4 Other
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Smart Parcel Locker Market: Competitive Dashboard
   14.2 Global Smart Parcel Locker Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 TZ Limited
      14.3.2 Patterson Pope
      14.3.3 DeBourgh
      14.3.4 KEBA
      14.3.5 RENOME
      14.3.6 Xiamen Headleader Technology Co., Ltd.
      14.3.7 SHENZHEN ZHILAI SCI AND TECH CO., LTD
      14.3.8 Locker & Lock Pte Ltd.
      14.3.9 ALPHA Corporation
      14.3.10 Cleveron AS
      14.3.11 Smartbox Ecommerce Solutions Pvt. Ltd.
      14.3.12 Snaile Inc.
      14.3.13 Package Nexus
      14.3.14 Vlocker
      14.3.15 Focus Action Sdn Bhd
      14.3.16 ABELL INTERNATIONAL PTE LTD
      14.3.17 VIOLANTA
      14.3.18  Kern Limited
      14.3.19 Clevtech

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