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Parcel delivery locker is a contactless and secure process of transferring goods. It allows users to ship and receive goods at their convenience. With a busy lifestyle and hectic schedule, the parcel delivery locker system has gained tremendous popularity across the globe. The rising e-commerce industry has strengthened the demand for parcel delivery lockers. It has become a necessity for logistics companies to offer convenient delivery to their users. Since parcels are delivered to a specific locker location and not in the form of door-to-door delivery, the parcel delivery locker system has come out to be a cost and time effective delivery process. Parcel delivery locker market is currently valued to be around US$ 500 billion industry and is expected to grow at an approx. CAGR of 11.6% in the forecast period 2021-2027.
The global parcel delivery locker market has huge potential to grow in the upcoming years with a substantial growth rate. The market growth is supported by various factors such as rising volume of parcel shipments, increasing online purchases, changing lifestyles, and low-cost deliveries.
Parcel locker is widely used by the retail or e-commerce industry vertical and supply chain and logistic service providers. With the rising e-commerce industry, many companies have started providing locker delivery facility to their users. It facilitates users to order the parcel and pick it at their convenience. For instance, Amazon has started providing Amazon locker delivery. Users need to add their nearest locker hub in their address book. Once the parcel is delivered, users can collect it using 6-digit code sent on their registered e-mail address, parcel locker delivery market is expected to see a positive recovery, and response to after parcel delivery lockers market in the region is expected to see growth traction with average annual growth rate forecast to record surge of 13-16% over the forecast period.
Segmentation Overview of Parcel Delivery Lockers Market
The Parcel Delivery Lockers Market has been segmented based on product, application and region. These major segments are further categorized into sub-segments to study the market in detail.
Geographically, the parcel delivery locker market has been divided into North America, Asia Pacific, Europe, South America and the Middle East and Africa. As per the studies, North America and Asia Pacific region shows higher opportunity and significant untapped potential than other regions and are expected to grow substantially in the upcoming years. Parcel delivery lockers market in Europe is expected to see growth traction with average annual growth rate forecast to record surge of 13-16% over the forecast period.
Key Players Insight
The major players in the market are Azkoyen, Cleveron, SmarteCarte, SwipBox, SNBC, Vlocker, KEBA, Kern among others. Key players follow the strategy of expansion and supply contracts/partnerships to gain a competitive edge in the market. Companies constantly look to gain market share by providing cost-efficient and timely delivery. They also provide customized locker stations to meet the specific needs of any company. For instance, Locktec, a Europe based company provide refrigerated lockers for groceries. They are temperature controlled pick up lockers for temperature-sensitive products