Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Intelligent Parcel Locker Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 11.8% CAGR during the forecast period.
The Outdoor segment is showcasing a CAGR of 13.3% during (2022 - 2028). It is because, for easier parcel handling, outdoor locker solutions are developed and manufactured to withstand the environment. Users may trace packages using the simple cloud-based software and instantly alert recipients of deliveries. Package retrieval takes only a few seconds, and lockers are accessible round-the-clock for simple self-service pickup.
The Hardware segment acquired maximum revenue share in the Global Intelligent Parcel Locker Market by Component in 2021 thereby, achieving a market value of $2 billion by 2028. It is because retailers and organizations are recognizing the advantages of implementing an intelligent locker system in their businesses and commercial or residential premises as a result of increased consumer desire for flexibility in the way products are picked up or purchased online.
The Non-residential segment has shown the growth rate of 13.2% during (2022 - 2028). It is because of business buildings and coworking spaces, parcel locker systems are available to accept deliveries from staff members and tenants. Non-residential building security is more crucial than ever as business processes and technology evolve.
The North America market dominated the Global Intelligent Parcel Locker Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $568.1 million by 2028.The Europe market is exhibiting a CAGR of 11.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 12.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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