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
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 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.
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.
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.
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
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