North America Smart Parcel Delivery Locker Market Overview and Growth by 2028

The North America smart parcel delivery locker market is expected to grow from US$ 267.89 million in 2021 to US$ 623.50 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.

The growing consumer demand for faster and flexible shipments enables the market players to improve their services and develop autonomous technology-equipped parcel storage systems as an effective and long-term solution to last-mile delivery challenges. Investments in new technologies enabling greater efficiency are anticipated to provide lucrative growth opportunities to the market vendors. Automated smart parcel locker solutions provide functionalities that enhance and amplify logistics companies' mail and package deliveries. Autonomous technology for the storage and management of parcels offers secure, efficient, accountable, convenient package delivery and auditable asset storage with the access to track deliveries remotely. Prominent players in the smart parcel delivery locker market are focusing on building, managing, and maintaining an efficient automated smart locker network to achieve business expansion. For instance, Smartbox is a pioneer in bringing smart locker technology with its cloud-based parcel locker technology that gives a real-time view of available lockers with complete control and security. Increased partnerships and collaborations among the industry participants are anticipated to propel market growth. The rising adoption of internet of things (IoT) based smart parcel lockers in the region due to the growing demand from retailers, e-commerce companies, logistics companies, and consumers is anticipated to boost the North America market growth.

In case of COVID-19, North America is highly affected specially the US. The enactment of lockdowns and travel restrictions shut down of production facilities, and shortage of employees have adversely affected the performances of the smart parcel delivery locker market in North America. The health and economic crises led to major disruptions in the smart parcel delivery locker market, impacting everything from supply chain and manufacturing to product sales. The pandemic has negatively impacted the industry’s short-term and long-term growth strategies. However, progress in vaccination programs and the reopening of businesses are anticipated to fuel the demand for autonomous parcel delivery technologies in the coming years. While the first half of 2020 led to reduced sales revenue due to the lockdown and halted operations of several industries, the second half of 2020 witnessed a massive surge in online sales. Market players are investing in smart locker technologies to boost sales and generate revenues. The growing adoption of the BOPIS concept that eliminates the need for person-to-person contact and enables social distancing and safety is likely to propel the smart parcel delivery locker market in North America in the post-COVID-19 era.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America smart parcel delivery locker market. The North America smart parcel delivery locker market is expected to grow at a good CAGR during the forecast period.   

North America Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)  

North America Smart Parcel Delivery Locker Market Segmentation    

North America Smart Parcel Delivery Locker Market – By Type

• Standard Smart Locker
• Temperature Controlled Smart Locker

North America Smart Parcel Delivery Locker Market – By Component

• Hardware
• Software

North America Smart Parcel Delivery Locker Market – By Application

• Retail
• Residential
• University
• Office
• Others

North America Smart Parcel Delivery Locker Market, by Country

• US
• Canada
• Mexico

North America Smart Parcel Delivery Locker Market - Companies Mentioned

• Cleveron
• DeBourgh
• KEBA
• Package Nexus
• Patterson Pope
• Smartbox Ecommerce Solutions Private Limited
• Snaile Inc.
• TZ Limited

North America Smart Parcel Delivery Locker Report Scope