Smart Parcel Lockers can be used to store and manage online parcels. Commercial and residential buildings use smart lockers to store large parcels from multiple recipients. Smart parcel lockers, also called smart-integrated locks, are a fascinating alternative to traditional delivery systems. The users can access inventory and assets from close and far away locations. They also receive information about each parcel. These devices also help retailers reduce the cost of last-mile delivery and increase the inventory on their premises. Innovative smart locker solutions are the focus of top market companies.
Market Size
The market share for smart parcel lockers will grow at an impressive rate of more than 12 percent in the future. Smart parcel lockers use self-directed ampoule technology to store and deliver parcels and packages. Smart-integrated locks are also known as smart parcel lockers. They are an attractive and exciting alternative to reliable and well-traveled delivery systems.
Adoption of technology
Retailers are increasingly turning to online shopping as well as in-store purchases. Increased competition drives retailers to offer perishable goods like medicines, groceries, and food and drink delivery. E-commerce is gaining popularity, leading parcel delivery companies to use advanced innovative technology to provide their customers with more reliable and secure postal services. The growth of parcel and postal businesses is aided by free delivery and no shipping charges. Security concerns and inflows of inexperienced players may impede growth in the market.
- E-commerce companies
- Post and Logistics
- Retailers
- Universities and Educational Institutes
- Food Service Companies
- Libraries
Impacting Factor: E-commerce Growth
Over the next few years, the postal and parcel industry will also grow. The growth in e-commerce is accelerating, and the parcel delivery industry must incorporate modern technology to increase customer satisfaction. This includes providing secure and reliable parcel delivery services. Global growth is driven by offers such as free delivery or shipping. The increased use of advanced technology, such as smart refrigerators in all areas of the food and beverage sector, for storing and distributing fresh foods is another expected reason to drive global smart parcel locker market growth over the next few decades.
The giants in e-commerce used technology to improve operational and functional areas. These operations included identifying, sorting, and classifying parcels and the timely and proper distribution of parcels to the logistic warehouse. Smart lockers can be found in convenience stores, supermarkets, housing complexes, and supermarkets. They are also available at schools and colleges. The demand for lockers that use digital technology in the logistics and warehousing sectors has increased due to eCommerce sales since the Covid-19 pandemic.
Market Opportunities
The US manufacturers of smart lockers provides storage, sorting, and handling for online parcels with smart lockers. Smart parcel delivery lockers have huge potential due to the recent rise in internet-based retail or online transactions even after the pandemic. Online retailers invest heavily in new trends and innovative solutions with smart locker systems. Colleges and universities also use smart lockers and housing complexes with large parcel flows.
Modular Parcel Locker Hold Significant Share
The modular parcel locker dominates the global smart parcel locker market. Each modular parcel locker has one hanger rod, equal shelf loads, and high-quality stainless metal door hinges. Modular parcel lockers are in high demand because of their ease of use, low maintenance, and flexibility. The modular parcel locker is in tall order due to its ease of installation, maintenance, and flexibility. Customers can also shift more excellent lockers using surveillance cameras, intelligent sensing, and digital energy meters. They can also be protected from leakage, temperature control and leakage protection.
Europe and North America are cited as the Dominating Region
In 2021, Europe was the dominant market for smart parcel lockers worldwide. North America is expected to follow in the same footsteps. The regional market is growing due to the increasing adoption of advanced parcel management systems by prominent ecommerce players. Due to the prominence of e-commerce companies such as Alibaba and JD.com, the Asia Pacific market is expected to expand significantly. India’s adoption of technology by post offices is expected to grow due to their insistence on enhancing technology adoption.
Smart parcel lockers will be in demand due to the rapid growth of transportation and logistics industries across Africa, the Middle East, and Africa. The high level of smart locker investment is expected to drive Europe’s smart parcel locker market. Many logistics companies have partnered with European retailers to deliver lockers. The market in Latin America is expected to expand significantly due to the growing demand for better logistics experience by customers.
Concluding Notes
Smart Parcel Lockers are being introduced due to the rapid growth of parcel delivery to homes, fueled by the internet. These locks simplify the parcel storage, deposit, and distribution process while reducing shipping costs. They also improve the management of parcels within residential buildings by using a sophisticated method to retrieve parcels. The recipient scans or enters the code into the locker to retrieve their parcel.
Smart Lockers provide this magical element. It is common for people to appreciate the magic in life. It’s impressive to scan the code from your smartphone and have a slot door opened in seconds. Your parcel is then placed into the slot. It’s a fun process that users enjoy even after they have used it a few times. They often share the experience with their friends.