Global Intelligent Parcel Locker Market is valued approximately USD 0.73 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.6% over the forecast period 2022-2029. Intelligent Parcel Locker refers to an automated Parcel Box that enables easy sending and receipt of parcels. The parcels are delivered into a secure locker and can be retrieved by the recipient as per their convenience. Intelligent Parcel Locker is equipped with a locker management system that monitors number of available lockers, and tracks how frequently each compartment is being used. The increasing expansion of e-commerce industry worldwide and growing internet penetration as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista - in 2021, e-commerce accounted for nearly 20 percent of retail sales worldwide, and this number is projected to grow to 24.5% by 2025. In addition, in 2021, retail e-commerce sales worldwide estimated at USD 4.9 trillion, and this number is forecast to grow by 50 percent over the next to reach to USD 7.4 trillion by 2025. Also, rising urbanization in emerging regions and growing emergence of AI & ML technologies would create lucrative growth prospectus for the market over the forecast period. However, the high deployment cost associated with Intelligent Parcel Locker System and lack of required infrastructure in developing regions impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Intelligent Parcel Locker Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region owing to presence of leading market players and growing penetration of high-speed internet services in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising urbanization coupled with growing expansion of e-commerce industry in the region.
Major market players included in this report are:
Mobiikey Technologies Pvt. Ltd.
ParcelPort Solutions, Inc.
Pitney Bowes Inc.,
Recent Developments in the Market:
In July 2020, UK based Quadient, launched Quadient Parcel Locker Solutions named Parcel Pending by Quadient intended for multi-tenant residential buildings in the UK. The customizable locker delivery system enables efficient management of incoming packages through a secure and automated process.
In June 2021, Connecticut, USA based Pitney Bowes Inc. launched a new range of smart contactless locker named ParcelPoint? Smart Lockers. These lockers come with SaaS software, to enable organizations to remotely manage a fleet of lockers across locations.
Global Intelligent Parcel Locker Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Application, End User Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End User Industry
Rest of the World