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Smart Parcel Locker Market to Reach $1,630.2 Million by 2028; Rising E-commerce Platform to Spur Demand

October 04, 2021 | Information & Technology

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.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/smart-parcel-locker-market-104718


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.    


Industry Development:



  • April 2021 –  Grubbrr, a commerce automation company, and Frank Mayer, a premier kiosk provider, have made a strategic partnership to develop smart lockers. The company provided smart lockers for restaurants and other retail stores to ensure safety in a post-COVID-19 pandemic. Frank Mayer has provided a contactless smart locker solution for GRUBBRR to pick up orders with a quick and smooth process to save customers and staff time. 

  • July 2020 – Quadient launches intelligent locker with parcel pending functionality in the U.K. The product is developed to manage undelivered or missed deliveries by multi-tenant residential buildings. Additionally, it adopts automated and secured processes to monitor daily incoming parcels.


List of key Players Profiled in the Report:



  • TZ Limited (New South Wales, Australia)

  • CleverBox Co. (London, UK)

  • Smartbox Ecommerce Solutions Pvt. Ltd. (UP, India)

  • Abell International Pte. Ltd. (Singapore)

  • Package Nexus (California, United States)

  • Mobiikey Technologies Pvt. Ltd. (Karnataka, India)

  • DeBourgh Manufacturing Co. (Colorado, United States)

  • KEBA AG (Linz, Austria)

  • Quadient (Bagneux, France)

  • RENOME group (New York, United States)


Further Report Findings:



  • North America stood at USD 227.3 million in 2020. The region is expected to hold the largest smart parcel locker market share in terms of revenue during the forecast period. This is attributable to the increasing preference for online shopping in countries such as the U.S. in the region.

  • The market in Asia-Pacific is anticipated to experience exponential growth backed by the presence of established e-commerce providers such as JD.com., Alibaba, Flipkart, and Pinduoduo in the region that is likely to drive the demand for advanced lockers in the region between 2021 and 2028.

  • Based on type, the modular parcel locker segment is expected to showcase significant growth during the forecast period. This is ascribable to factors such as the numerous benefits such as easy installation, even distribution of shelf load, and flexible use provided by the modular smart parcel lockers. The segment held a 34.2% market share in 2020.


Table of Segmentation:


















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Million)



Segmentation



Type; Deployment; Application; and Geography



By Type




  • Modular Parcel Locker

  • Cooling Lockers for Fresh Food

  • Postal Lockers

  • Laundry Lockers



By Deployment




  • Indoor

  • Outdoor



By Application




  • Commercial Buildings

  • Condos and Apartments

  • Retail BOPIS

  • Universities and Colleges

  • Others (Post Offices, Parking Areas, etc.)



By Region




  • North America (By Type, By Deployment, By Application, And By Country)

    • U.S. (By Type)

    • Canada (By Type)

    • Mexico (By Type)





  • Europe (By Type, By Deployment, By Application, And By Country)

    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Italy (By Type)

    • Spain (By Type)

    • Russia (By Type)

    • Benelux (By Type)

    • Nordics (By Type)

    • Rest of Europe





  • Asia Pacific (By Type, By Deployment, By Application, And By Country)


    • China (By Type)

    • Japan (By Type)

    • India (By Type)

    • South Korea (By Type)

    • ASEAN (By Type)

    • Oceania (By Type)

    • Rest of Asia Pacific




  • The Middle East & Africa (By Type, By Deployment, By Application, And By country)

    • Turkey (By Type)

    • Israel (By Type)

    • GCC (By Type)

    • North Africa (By Type)

    • South Africa (By Type)

    • Rest of the Middle East & Africa





  • South America (By Type, By Deployment, By Application, And By Country)

    • Brazil (By Type)

    • Argentina (By Type)

    • Rest of Latin America




Global Smart Parcel Locker Market
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  • 2017-2019
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