IMARC Group, a leading market research company, has recently releases report titled “Smart Parcel Locker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the smart parcel locker market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the smart parcel locker market?

The global smart parcel locker market size reached US$ 786 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,566 Million by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028. 

What is smart parcel locker?

Smart parcel lockers are automated, secure storage units that facilitate convenient parcel collection and delivery. They are strategically located in public places such as shopping malls, office buildings, and residential complexes. Utilizing modern technologies like Internet of Things (IoT), mobile apps, and QR codes, these lockers offer 24/7 accessibility for both parcel delivery companies and recipients.

Smart parcel lockers aim to solve the problem of missed or delayed deliveries by providing a secure location where parcels can be stored until the recipient collects them. They are known for their efficiency, security, and adaptability, enabling seamless last-mile delivery solutions.

What are the growth prospects and trends in the smart parcel locker industry?

The global smart parcel locker market is experiencing robust growth, fueled by the exponential rise in e-commerce activities. As consumers increasingly turn to online shopping, the need for secure and efficient delivery options is more pressing than ever. Smart parcel lockers meet this need by offering a practical solution for managing high volumes of parcels.

Another influential factor is the growing consumer demand for contactless deliveries, particularly in the wake of health crises like the COVID-19 pandemic. These lockers minimize human interaction, thus enhancing safety measures. Additionally, advancements in technology such as integration with smartphones and other smart devices are positively impacting the market.

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Features like real-time notifications and easy-to-use mobile apps make the process even more convenient for users. The introduction of AI-powered parcel lockers that can predict user behavior and optimize locker space is also an emerging trend, offering opportunities for further market growth. On the operational side, these smart lockers reduce costs for delivery companies by consolidating multiple deliveries in a single location, thus increasing the efficiency of the delivery process.

Urbanization is another market driver, as densely populated areas with high parcel traffic benefit the most from centralized, automated delivery systems. Furthermore, the flexibility of smart parcel lockers in accommodating various parcel sizes and types—including temperature-sensitive goods—adds to their growing popularity. Regulatory support in some countries, aimed at reducing carbon emissions, is also fostering market growth. These lockers help in cutting down multiple delivery attempts, thereby reducing fuel consumption and emissions.

Who are the key players operating in the industry?

The report covers the major market players including: 

• American Locker
• Cleveron AS
• Hollman Inc.
• KEBA Group AG
• Kern Limited
• Locker & Lock Pte Ltd
• Luxer Corporation
• Package Nexus
• ParcelPort Solutions Inc.
• Pitney Bowes Inc.
• Ricoh Company Ltd.
• Snaile Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Component Insights:

• Hardware
• Software
• Services

Type Insights:

• Modular Parcel Lockers
• Cooling Lockers for Fresh Food
• Postal Lockers
• Laundry Lockers

Deployment Insights:

• Indoor
• Outdoor

Application Insights:

• Commercial Buildings
• Condos and Apartments
• Retail BOPIS
• Universities and Colleges
• Others

Regional Insights:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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