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The global smart parcel locker market size is expected to experience significant growth by reaching USD 1,630.2 million by 2028. The growth is attributable to the rising e-commerce platform that is likely to boost the adoption of advanced smart parcel lockers worldwide. Fortune Business Insights in its latest report, titled, “Smart Parcel Locker Market Size, Share & COVID-19 Impact Analysis, By Type (Modular Parcel Locker, Cooling Lockers for Fresh Food, Postal Lockers, and Laundry Lockers), By Deployment (Indoor and Outdoor), By Application (Commercial Buildings, Condos and Apartments, Retail BOPIS, Universities & Colleges, and Others), and Regional Forecast, 2021-2028.”, mentions that the market stood at USD 644.8 million in 2020 and is projected to exhibit a stellar CAGR of 12.4% between 2021 and 2028.
Significant Partnership between Snaile Canada and Usewalter Partners to Provide Efficient Parcel Management Service
The multi-residential buildings need a system to manage high stacks of parcels of multiple recipients. At times it can be cumbersome to deliver packages, therefore, several companies are focusing on offering advanced and secure solutions to the residents. One such is Snaile Canada, a leading smart parcel locker company. In November 2020, Snaile announced its partnership with Usewalter Partners to optimize parcel management solutions across multi-residential buildings in Canada. The solution by these companies aims to provide notifications embedded within a single platform that leads to simplifying the communication process.
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Rising E-commerce Platforms to Aid Smart Parcel Locker Market
Post-COVID-19 pandemic, there has been an immense surge in the growth of online platforms across the globe. For instance, according to the E-commerce Trends Report 2020 by Unicommerce, the online platforms witnessed an order-volume growth of about 17% post-pandemic. Although the world is grappling with the effects of the novel coronavirus, evolving consumer buying preferences and patterns have led to a surge in online sales. This has led to the need for efficient parcel management solutions by the companies that are driving the demand for advanced smart lockers globally. Moreover, the increasing focus on providing optimum solutions to its customers is propelling the companies to provide advanced solutions that will bode well for the market growth during the forecast period.
Partnership between Prominent Companies to Strengthen their Market Positions
The market is consolidated by the presence of major companies such as Smartbox Ecommerce Solutions Pvt. Ltd., Package Nexus, DeBourgh Manufacturing Co., Quadient, and others. These companies are partnering other companies to expand their product portfolio and further gain a major chunk of the market share. In addition to this, other key players are adopting strategies such as collaboration and merger and acquisition to maintain their presence in the highly competitive global marketplace.
List of key Players Profiled in the Report:
Further Report Findings:
Table of Segmentation:
Value (USD Million)
Type; Deployment; Application; and Geography