According to a new report published by Allied Market Research, titled, The intelligent parcel locker market size was valued at $0.7 billion in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 12.6% from 2022 to 2031.
Market Drivers:
Advancements in IT and electronics have significantly enhanced the performance and user-friendliness of intelligent parcel lockers for both residential and non-residential applications. These improvements enable consumers to receive delivery notifications and track packages with ease.
To stay competitive, businesses are introducing innovative smart parcel lockers. Additionally, key players are adopting expansion strategies to broaden their regional presence. For example, in May 2020, Instabox, a Swedish logistics tech company, announced plans to expand its smart parcel locker network into Denmark and Norway. This initiative aims to enable same-day delivery by deploying hundreds of new smart lockers across these neighboring countries.
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The e-commerce industry is experiencing rapid global growth, driven by increasing disposable incomes and a wider range of product options. Additionally, widespread internet access, even in remote residential areas, supports this expansion. As the e-commerce sector grows, intelligent parcel lockers are becoming a vital feature in both residential and non-residential building complexes.
Intelligent Parcel Locker Market Segmentation:
- By Component:
- Hardware
- Software
- By Application:
- Indoor
- Outdoor
- By End User Industry:
- Residential:
- Apartment Building
- Independent Houses
- Non-residential
- Residential:
- By Region:
- North America: U.S., Canada, Mexico
- Europe: Germany, France, Italy, UK, Spain, Netherlands, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Rest of Asia-Pacific
- LAMEA: Brazil, Argentina, Saudi Arabia, UAE, South Africa, Kenya
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the intelligent parcel locker market trends, estimations, and dynamics of the intelligent parcel locker market analysis from 2021 to 2031 to identify the prevailing intelligent parcel locker market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the intelligent parcel locker market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global intelligent parcel locker market overview, key players, market segments, application areas, and market growth strategies.
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Key Players:
Key companies profiled in the intelligent parcel locker market forecast report include American Locker, Cleveron, Florence Corp., Hollman Inc., KEBA AG, Luxer Corporation, Mobiikey Technologies Pvt. Ltd, Package Nexus, Parcel Port Solutions, Inc., Pitney Bowes Inc., Quadient, Renome Group, Ricoh, Shenzhen Zhilai Sci and Tech Co., Ltd, Smartbox Ecommerce solutions Pvt. Ltd., TZ Limited, and Xiamen Headleader Technology Co.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging intelligent parcel locker market trends and dynamics.
- Depending on component, the hardware segment held the largest intelligent parcel locker market share, in terms of revenue in 2021 and the software segment is projected to grow at a significant CAGR during the forecast period.
- By application, outdoor segment is expected to grow at a higher CAGR.
- By end-user industry, residential segment registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the intelligent parcel locker market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the intelligent parcel locker industry.
- The report provides an extensive analysis of intelligent parcel locker market overview.
- In-depth intelligent parcel locker market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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