Smart Parcel Delivery Locker Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Standard Smart Locker and Temperature Controlled Smart Locker), Component (Hardware and Software), and Application (Retail, Residential, University, Office, and Others)
The smart parcel delivery locker market is expected to grow from US$ 677.6 million in 2021 to US$ 1,644.1 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028.
The “Global Smart Parcel Delivery Locker Market Analysis to 2028” is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on global market trend analysis. The report aims to provide an overview of the Smart Parcel Delivery Locker market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading Smart Parcel Delivery Locker market players and offers key trends and opportunities in the market.
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The increasing put up and parcel enterprise is propelling parcel transport companies to undertake advanced smart technologies to beautify customer delight. There is a growing call for for smart cooling lockers throughout the meals & beverages industry vertical to preserve and offer sparkling meals products. The growing penetration of the net and smartphones has enabled clients to import products, resulting in sizeable growth in parcel shipments. The growing call for for current answers to manage package, mail, and asset shipping from residential and company sectors is contributing to the market boom. The growing demand from retail, schools and universities, and different sectors to convert package and mail delivery is using the smart parcel transport locker marketplace.
The market players focus on new product innovations and developments by integrating advanced technologies and features to compete. In April 2020, Cleveron announced that by the end of 2020, parcel lockers would be installed in every village and town. People have a variety of delivery choices, including drive-in collection, courier services, BOPIS, and outdoor package lockers located across the region.
Smart Parcel Delivery Locker Market: Competitive Landscape and Key Developments
Cleveron, DeBourgh, KEBA, KernPack, Package Nexus, Patterson Pope, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, Snaile Inc., and TZ Limited
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Players within the smart parcel shipping locker market are adopting and innovating new products to cater to the needs of evolving on line marketplaces, emerging groups, outlets, and consumers. The upward push in fashion of digitization and boom in demand for faster, more bendy, and decrease-cost parcel shipping services are riding the market. The proliferation of the internet and clever devices has improved users’ capacity to control the entire transaction from product choice to price to cargo tracking on their smartphones. Rising disposable income and converting patron possibilities are fueling the call for for virtual parcel delivery solutions. Digital parcel delivery allows customers to retrieve programs and mails by using presenting a centralized delivery point and audit tracking blessings.
Electronic digital parcel transport lockers hooked up at apartment complexes, small groups, and big corporations send immediate notifications to the recipient that their bundle has arrived. The clever locker additionally guarantees that their package deal is secure and at ease in the course of every step of the transport process. An great surge in the growth of on-line platforms across the globe post-COVID-19 pandemic is similarly using the call for for digital and advanced smart parcel lockers.
Impact of COVID-19 Pandemic on Smart Parcel Delivery Locker Market
After witnessing a significant drop in 2020 due to the onset of COVID-19, the global parcel locker manufacturing market began witnessing a gradual recovery in consumer demand since the last quarter of 2020. Rapid recovery in online sales is anticipated to boost the demand for smart parcel delivery lockers during the forecast period. According to the United Nations Conference on Trade and Development, COVID-19 has led to a surge in e-commerce and digital transformation amid slowing economic activity. Retailers and delivery companies are working to cater to the growing customer demand efficiently. Adjusting to the new normal, businesses and consumers are providing and purchasing more goods and services online. The colleges and universities across the globe are also rethinking their mail and package delivery processes as students and faculty prepare to return to campuses. Smart locker technologies with touch-free package delivery are rapidly gaining popularity among retailers, universities, and corporations amid COVID-19 scenarios. Buy online, pick up in store (BOPIS) is being embraced by customers and businesses to reduce exposure to the COVID-19 virus and eliminate shipping fees and operational costs.
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