The Smart parcel delivery locker market size is projected to reach US$ 2403.99 million by 2031 from US$ 872.90 million in 2023. The market is expected to register a CAGR of 13.5% during 2023–2031. Contactless deliveries and integration with smart home systems are likely to remain a key trend in the market.
Subtle changes in smart parcel lockers are revolutionizing e-commerce logistics by meeting consumer demands for ease and environmentally friendly shipping. Online purchases are securely held in parcel lockers, which are self-service kiosks that the user may access whenever it's convenient. They remove the requirement for door-to-door delivery, acting as package vending machines. One sends packages to parcel lockers at any time; they function as automated post offices that are open 24/7.
The past decade has seen a change in the way consumers purchase, a transformation of the business-to-consumer (B2C) sector, and an increase in the demand for home delivery. In a world where megacities are the result of urbanization, last-mile delivery poses a serious challenge to both urban planning and the operational costs of logistics providers. Networks of publicly accessible Smart Lockers Terminals provide a way to handle the expansion of e-commerce in cities by taking advantage of the potential for crowdsourcing delivery or consolidation, which aligns with the principles of the Physical Internet.
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Smart Parcel Delivery Locker Market: Strategic Insights
Last-mile client deliveries (B2C) are becoming a significant concern for integrated online businesses and parcel logistics providers as the e-commerce sector expands rapidly. New-generation last-mile delivery solutions are already being tried in numerous locations worldwide as the supply chain sector moves quickly. Smart parcel locker systems offer an excellent option for solving the last-mile delivery option.
It has also been demonstrated that smart lockers are the most practical and eco-friendly way to deliver packages to customers. The procedure offers the environmental advantage of removing the need for a carrier to pick up, sort, and then redeliver the package—possibly several times—while also enabling first-time delivery every time and giving the customer the freedom to retrieve the package whenever they choose. This has a significant effect on the number of emissions needed to deliver the package; according to a University of Melbourne research, the emissions produced in the Central Business District of Melbourne each year as a direct result of unsuccessful deliveries were 89,000 tons of CO2.
Key segments that contributed to the derivation of the Smart parcel delivery locker market analysis are type, component, and application.
The geographic scope of the Smart parcel delivery locker market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America holds a significant share of the Smart parcel delivery locker market in 2023. Online shopping is becoming more and more popular in North America, which is pushing e-commerce companies to implement technologies that can help them meet demand and enhance the customer experience.
The regional trends and factors influencing the Smart Parcel Delivery Locker Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Smart Parcel Delivery Locker Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 872.90 Million |
| Market Size by 2031 | US$ 2403.99 Million |
| Global CAGR (2023 - 2031) | 13.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Smart Parcel Delivery Locker Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Smart Parcel Delivery Locker Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Smart parcel delivery locker market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Smart parcel delivery locker market are listed below:
The “Smart Parcel Delivery Locker Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The Smart parcel delivery locker market is expected to register a CAGR of 13.5% during 2023–2031
The Smart parcel delivery locker market size is projected to reach US$ 2403.99 million by 2031
Contactless deliveries and integration with smart home systems are likely to remain key trends in the market.
Cleveron, DeBourgh, KEBA, KernPack, Package Nexus, Patterson Pope, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, Snaile Inc., and TZ Limited are among the leading payers operating in the Smart parcel delivery locker market.
Growth in e-commerce and urbanization are expected to drive the Smart parcel delivery locker market.
North America dominated the Smart parcel delivery locker market in 2023.