The North America Intelligent Parcel Locker Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
Large-scale automated systems called "Smart Lockers" provide both customers and businesses with several conveniences. They offer access to company inventory or assets from nearby areas as well as from farther-off locations. The vast number of priceless products, materials, and other items that belong to clients can be managed with the help of intelligent locker services, which are as intelligent as their precisely engineered functioning.
Online purchasing is highly common; people use it constantly on both sides. Both people who live at home permanently such as moms, teenagers, and others, and those who are continuously employed yet have very late work hours. Despite having quite different statuses, hobbies, and other characteristics, all of these groups purchase a range of things. In other words, placing an order for shipment to the closest parcel terminal feels more natural than buying diapers and other baby supplies from the store.
An analogous system is run in Ontario by the Canadian business BufferBox, which Google bought in November 2012. According to their webpage, the service was discontinued and they are now focusing on Google Express Checkout. The pandemic hit retailers in early 2020, causing retailers to struggle with balancing last-mile delivery costs, margins, and contactless solutions while meeting consumer demand. Companies like ParcelPort Solutions, situated in Toronto, Ontario, started to meet this need for parcel lockers by utilizing technology to save logistical costs and give customers a seamless, contactless choice.
The US market dominated the North America Intelligent Parcel Locker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $416.7 million by 2028.The Canada market is poised to grow at a CAGR of 13.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.8% during (2022 - 2028).
Based on Application, the market is segmented into Indoor and Outdoor. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Residential and Non-residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Intelligent Parcel Locker Market is Estimated to reach $1.5 Billion by 2028, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CKI Locker LLC (Cole Kepro International, LLC), Cleveron (Posti Group Corporation), Florence Corporation (Gibraltar Industries, Inc.), Hollman, Inc., KEBA Group AG, Luxer Corporation (Assa Abloy AB), Package Nexus, Parcel Port Solutions, Inc., Pitney Bowes, Inc., and Quadient.
By Application
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