The global intelligent parcel locker market size was valued at $732.8 million in 2021, and is projected to reach $2,450.5 million by 2031, registering a CAGR of 12.6% from 2022 to 2031. Intelligent parcel locker collects, stores, and keeps the parcels and shipments secure and safe. This is done by making use of latest IT technologies, along with incorporation of advanced electronic devices, such as touch screens, cameras, and others.
Intelligent parcel lockers are available in a wide range of sizes, capacities, application, and technologies in the market, thereby making it usable for all types of residential and non-residential buildings and facilities. The increased instances of parcel and shipment theft has been an instrumental factor driving the demand for intelligent parcel lockers. Moreover, convenience and flexibility in collection of parcels at any time from the intelligent parcel locker is also driving the demand for the intelligent parcel lockers.
The rise in e-commerce industry has significantly increased the demand for intelligent parcel locker from residential and non-residential users. In addition, rise in number or apartment, commercial, and non-residential building, is expected to drive the demand for intelligent parcel lockers. However, the high cost of intelligent parcel lockers is expected to restrain the market. Furthermore, the incorporation of latest IT and software technologies, such as cloud based operation, real-time tracking, self-auditing and others.
The intelligent parcel locker market is segmented on the basis of component, application, end-user industry and region. By component, the market is bifurcated into hardware, and software. On the basis of application, it is bifurcated into indoor, and outdoor. And on the basis of end-user industry, the market is categorized into residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Intelligent parcel lockers are available in a wide range of sizes, capacities, application, and technologies in the market, thereby making it usable for all types of residential and non-residential buildings and facilities. The increased instances of parcel and shipment theft has been an instrumental factor driving the demand for intelligent parcel lockers. Moreover, convenience and flexibility in collection of parcels at any time from the intelligent parcel locker is also driving the demand for the intelligent parcel lockers.
The rise in e-commerce industry has significantly increased the demand for intelligent parcel locker from residential and non-residential users. In addition, rise in number or apartment, commercial, and non-residential building, is expected to drive the demand for intelligent parcel lockers. However, the high cost of intelligent parcel lockers is expected to restrain the market. Furthermore, the incorporation of latest IT and software technologies, such as cloud based operation, real-time tracking, self-auditing and others.
The intelligent parcel locker market is segmented on the basis of component, application, end-user industry and region. By component, the market is bifurcated into hardware, and software. On the basis of application, it is bifurcated into indoor, and outdoor. And on the basis of end-user industry, the market is categorized into residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
Key companies profiled in the intelligent parcel locker market 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 Company, Ltd., Shenzhen Zhilai Sci and Tech Co., Ltd., Smartbox Ecommerce solutions Pvt. Ltd., TZ Limited, and Xiamen Headleader Technology Co.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current 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 trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Hardware
- Software
By Application
- Indoor
- Outdoor
By End User Industry
- Residential
- Building Type
- Apartment Building
- Independent Houses
- Non-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
- Viet Nam
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Kenya
Key Market Players
- American Locker
- cleveron as
- Florence Corp.
- Hollman Inc
- KEBA AG
- LUXER Corporation
- Mobiikey Technologies Pvt. Ltd.
- Package Nexus
- ParcelPort Solutions, Inc.
- Pitney Bowes Inc.
- Quadient
- RENOME group
- Ricoh
- tz limited
- Shenzhen Zhilai Sci and Tech Co., Ltd
- Smartbox Ecommerce solutions Pvt. Ltd.
- Xiamen Headleader Technology Co.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INTELLIGENT PARCEL LOCKER MARKET, BY COMPONENT
CHAPTER 5: INTELLIGENT PARCEL LOCKER MARKET, BY APPLICATION
CHAPTER 6: INTELLIGENT PARCEL LOCKER MARKET, BY END USER INDUSTRY
CHAPTER 7: INTELLIGENT PARCEL LOCKER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Intelligent Parcel Locker Market," 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.Commonly observed components available in intelligent parcel locker market are hardware, and software. Among these, the hardware segment accounted for the highest market share in 2021. The market is further analyzed with respect to different applications in such as indoor and outdoor. Among these, outdoor segment is expected to witness a growth with high a CAGR, owing to rise in quick parcel delivery trends. And by end-user, it is based on residential and non-residential. Among these, the residential segment registered a high revenue in 2021. Furthermore, the market is mainly driven by rise in e-commerce industry and rise in number of residential and non-residential buildings. However, high initial cost of hardware constraints the intelligent parcel locker market growth.
In 2021, North America dominated the global intelligent parcel locker market, in terms of revenue, followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific is expected to witness grow with high CAGR, owing to growth in e-commerce industry and rapid rise in urbanization.
The advancements in the IT and electronics technologies have significantly improved the performance and usability of intelligent parcel locker for residential and non-residential purposes. Owing to this, consumers can easily be notified about the delivery and it can also help in tracking the product.
Furthermore, businesses are launching new smart parcel lockers to sustain the competition. In addition, many key players have also adopted businesses expansion strategy to enhance their reach in different regions. For instance, in May 2020, Instabox, a Swedish logistics tech company, announced that it will expand its smart parcel lockers to two new markets in Denmark and Norway. This is being done to achieve same-day delivery service, by placing hundreds of new smart parcel lockers across the neighboring countries, Denmark and Norway.
However, during the pandemic lockdown, various manufacturers in the intelligent parcel locker market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of intelligent parcel locker manufacturing companies in the initial lockdowns. In addition, lack of manpower and raw materials constricted supply of raw materials for intelligent parcel locker; and negatively influenced the growth of the market. However, COVID-19 opened opportunities for the development of new and better contactless parcel lockers. Now, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
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.
Companies Mentioned
- American Locker
- Cleveron As
- Florence Corp.
- Hollman Inc
- Keba AG
- Luxer Corporation
- Mobiikey Technologies Pvt. Ltd.
- Package Nexus
- Parcelport Solutions, Inc.
- Pitney Bowes Inc.
- Quadient
- Renome Group
- Ricoh
- Tz Limited
- Shenzhen Zhilai Sci and Tech Co. Ltd
- Smartbox Ecommerce Solutions Pvt. Ltd.
- Xiamen Headleader Technology Co.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 732.8 million |
| Forecasted Market Value ( USD | $ 2450.5 million |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
