(MENAFN- Ameliorate Digital Consultancy)
The research seeks to smart parcel locker market size and future growth potential across various segments, including deployment modes, end users, and geographic locations. The base year used to Smart Parcel Locker Market size ranges from 2023 to 2029.
The secondary research portion of the analysis method used to evaluate and forecast the Smart Parcel Locker Market involves compiling data on significant vendor revenues. Vendor offerings were also taken into consideration throughout the market segmentation process. The bottom-up methodology was used to estimate the overall market size of the worldwide market utilising the revenue of the key market participants as a starting point. The market was segmented into many groups and subgroups after the overall market size was established. Comprehensive interviews with important people, including CEOs, VPs, directors, and executives, were then conducted in order to validate these segments and sub-segments through primary research. The market engineering process was completed and the precise statistics for each segment and sub-segment were determined using the data triangulation and market breakdown methodologies.
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The Main Competitors in the Market are:
Acquisitions, partnerships, and collaborations were among the market's inorganic growth strategies. As a result of these activities, Smart Parcel Locker Market participants have been able to increase their clientele and earnings.
such as TZ Limited, CleverBox Co, Smartbox Ecommerce Solutions Pvt. Ltd, Abell International Pte. Ltd, Cleveron, Package Nexus, Mobiikey Technologies Pvt. Ltd, DeBourgh Manufacturing Co, KEBA AG and Quadient are some of the key players in global market.
KEY INDUSTRY DEVELOPMENTS:
September 2021 – Ricoh Group announced the acquisition of Apex's European smart locker provider business, in order to expand its capabilities throughout Europe. It is anticipated that this acquisition will provide a comprehensive product and service portfolio. March 2022 – The KePol parcel locker was introduced by KEBA Group AG at all KEBA locations in Australia. The brand-new locker has 200 compartments, pickup and return capabilities, contactless access round-the-clock, and is accessible to everyone. It aims to offer automated last-mile parcel delivery with Australia Post, its long-term partner. April 2022 – TZ Limited announced a new contract for the installation of 3,000 TZ smart lockers with the NSW Government department in Australia. With its sophisticated cloud-based systems, the company updated the department's existing lockers. November 2021 – Cleveron announced a partnership with Switzerland-based logistics provider Migros, for the purpose of installing indoor parcel lockers. The company is focusing on expanding its customer base and market through this partnership. October 2021 – Pitney Bowes Inc. released ParcelPoint smart locker to extend its lockers portfolio in Canada. The new locker provides the parcel with safety and security. In order to meet the growing demand for package delivery, it provides advanced technology to improve efficiency.
What's New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession. Global competitiveness and key competitor percentage market shares Market presence across multiple geographies – Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and Research Platform Complimentary updates for one year.
Drivers: Increasing adoption of smart parcel systems
Smart Parcel Lockers are a fully automated, electronic locker system that safely stores parcels for easy consumer access. Smart parcel lockers offer better higher and reduce the possibility of packages going missing. It provides complete accountability, tracking, and a record of every parcel pickup and delivery. Delivering packages to smart lockers saves time and resources because it eliminates the need to leave them at every station, workplace, etc. It also eliminates repeated delivery attempts and re-delivery attempts providing contactless delivery. There is 24/7 access for easy parcel pickup. Users have the option of receiving the retrieval pin code by text message or email. Rising instances of porch pirates in the US are resulting in the increasing adoption of smart lockers. More than 5,600 Parcel by Quadient smart locker systems have been deployed in the multifamily property management industry in the U.S. in North America bringing its global footprint of parcel lockers to over 15,100 units.
Drivers: Rising adoption of E-commerce is boosting the market growth
The growth of E-commerce has forced investment in E-commerce and digital platforms by traditional brick-and-mortar retail establishments to distribute goods to customers. There has been a significant increase in the volume of packages delivered to businesses selling consumer electronics, clothing, and personal care products. Due to the rise in business-to-customer parcel deliveries, the number of parcel shops or parcel locker outlets significantly increased. According to a report from the European Regulators Group for Postal Services (ERGP) published in 2021, the total number of parcel deliveries increased from 5.07 billion to 7.15 billion or an average of 9.2% annually between 2015 and 2021, which in turn is driving the market growth for smart lockers in Condominium and other public places.
Challenges: Premium pricing associated with smart lockers
Smart lockers are more expensive than standard lockers, therefore price is a major hurdle hindering the market's growth. Additionally, consumers are hesitant from investing in smart lockers because of their high switching costs. Consumer perceptions of smart lockers' dependability are also hampered by the possibility of hackers. Smart lockers could develop hacking vulnerabilities if they are not frequently updated. Due to their electronic nature, smart lockers are susceptible to disruption by cyber attackers who can generate fake access codes using smartphones. Thus, inflated cost and security concerns is hindering the market growth.
What Information does this report contain?
Historical data coverage: 2017 to 2022;
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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Key Segments:
Smart Parcel Locker Market By Type, 2023 -2029, (IN USD Million)
Modular Parcel Locker Cooling Lockers For Fresh Food Postal Lockers Laundry Lockers
Smart Parcel Locker Market By Deployment, 2023 -2029, (IN USD Million)
The research highlights important participants and manufacturers as well as the most recent tactics, including new product releases, collaborations, joint ventures, technology, segmentation of regional and industrial competitiveness, profit and loss ratios, and investment suggestions. a precise evaluation of efficient production and advertising methods, as well as market share, growth rate, size, revenue, and value chain analysis.
The World Smart Parcel Locker Market Research Report is an in-depth analysis of the global industry with a focus on the current situation of the global Smart Parcel Locker Market. The research provides important data on the worldwide Smart Parcel Locker Market's manufacturers market state and is a great resource for businesses and people interested in the sector.
The Smart Parcel Locker Market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Smart Parcel Locker Market analysis from 2023 to 2029 to identify the prevailing emulsifiers market opportunity. The market research is offered along with information related to key drivers, restraints, and opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the Smart Parcel Locker Market segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the Smart Parcel Locker Markets industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as global Smart Parcel Locker Market trends, key players, market segments, application areas, and market growth strategies.
Reasons to Purchase the Smart Parcel Locker Market Report:
The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data. Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market. The competitive landscape comprises share of key players, new developments, and strategies in the last three years. Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Furthermore, the market Research affirms the major global players in the Global Smart Parcel Locker Market. Their key marketing strategies and advertising techniques have been highlighted to offer a clear understanding of the Global Market.
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