Smart Parcel Locker Market 2023 Growing at a CAGR of 9.4% by 2029 | TZ Limited, CleverBox Co, Smartbox Ecommerce Solutions Pvt. Ltd

Market Overview

Smart parcel locker market size is estimated to be valued at USD 794.20 million in 2022 and is projected to reach USD 1782.73 million by 2029, recording a CAGR of 9.4%.

Smart Parcel Locker Market 2023 research report covers obvious information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the outlook of players, countries, product types and end industries.

Additionally, technology industry the report provides insights into the regional analysis that refuges different regions, contributing to the growth of the market. The Global Smart Parcel Locker Market consists of data collected from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus provided that significant insights to the researchers, analysts, managers, and other industry professionals. This document further supports in understanding market trends, applications, specifications, and market.

A smart parcel locker is an autonomous container technology used for storing online delivered parcels or packages. This technology offers a secure and convenient way of managing packaged deliveries. The increasing e-commerce and online shopping platform is expected to drive the market. Commercial building and multi-tenant apartments are highly adopting this technology to manage high stacks of parcels of multiple recipients. Similarly, logistics and e-commerce companies are shifting toward adopting smart technologies.

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Who are the Top Players Smart Parcel Locker Market?

Some of the major companies operating in the global Smart Parcel Locker market is TZ Limited, CleverBox Co, Smartbox Ecommerce Solutions Pvt. Ltd, Abell International Pte. Ltd, Cleveron, Package Nexus, Mobiikey Technologies Pvt. Ltd, DeBourgh Manufacturing Co, KEBA AG and Quadient and Others.

• Quadient launched advanced parcel locker functionality to manage undelivered or missed delivery in the U.K.
• Grubbrr, a commerce automation company, and Frank Mayer, a premier kioskprovider, have made a strategic partnership to develop smart lockers.

Key Market Segments: Global Smart Parcel Locker Market

Smart Parcel Locker Market By Type, 2020-2029, (IN USD Million)

Modular Parcel Locker

Cooling Lockers For Fresh Food

Postal Lockers

Laundry Lockers

Smart Parcel Locker Market By Deployment, 2020-2029, (IN USD Million)

Indoor

Outdoor

Driving Factor

The exponentially growing online retailing trends are escalating e-commerce demand. Over the years, many companies witnessed a rise in delivery volumes.

The industry sectors, such as food and beverages, personal care, apparel and accessories, and consumer electronics goods, have witnessed a sharp rise in parcel delivery volume. Brick and mortar retail stores are now shifting to e-commerce and digital platforms to deliver products to customers. According to the Quantum Metric data, brick and mortar retailers availed e-commerce platform to witness 52% increase in conversion rates.

Smart Parcel Locker Market Regional Insights

North America: The market in North America is expected to grow at a significant rate due to the high adoption of e-commerce and the increasing use of IoT and AI technologies. The U.S. and Canada are expected to be major contributors to the market growth.

Europe: The market in Europe is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for contactless delivery options. The UK, Germany, and France are expected to be major contributors to the market growth.

Asia Pacific: The market in Asia Pacific is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for Smart Parcel Locker Market in countries such as China, Japan, and South Korea.

Latin America: The market in Latin America is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Smart Parcel Locker Market in countries such as Brazil and Mexico.

Middle East and Africa: The market in Middle East and Africa is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Smart Parcel Locker Market in countries such as Saudi Arabia, UAE, and South Africa.

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TABLE OF CONTENTS

Global Smart Parcel Locker Market Research Report 2023 – 2029

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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