Report : Europe Smart Parcel Delivery Locker Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Standard Smart Locker and Temperature Controlled Smart Locker), Component (Hardware and Software), and Application (Retail, Residential, University, Office, and Others)
Hardware Segment to Dominate Europe Smart Parcel Delivery Locker Market During 2021–2028
According to a new market research study on “Europe Smart Parcel Delivery Locker Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Component, and Application” is expected to reach US$ 531.13 million by 2028 from US$ 213.31 million in 2021. The market is estimated to grow at a CAGR of 13.9% from 2021 to 2028. The report provides trends prevailing in the Europe smart parcel delivery locker market along with the drivers and restraints pertaining to the market growth. Advent of buy online, pick up in store (BOPIS) trend and surging advancements in autonomous technology for storage and management of parcels are the major factor driving the growth of the Europe smart parcel delivery locker market. However, rising issues regarding cyber security threats hinders the growth of Europe smart parcel delivery locker market.
Europe is highly affected by the COVID-19. France and Russia are the worst-hit European countries. The retail sector in Europe has been hit hard by COVID-19 as many retail stores lost a significant amount of traffic. As countries start to reopen, companies in the e-commerce sector are shifting toward smart lockers that automate the order storage and retrieval processes. eCommerce sales in Europe are growing significantly, with most of the online turnover being generated in Western Europe, accounting for approximately 70% of total European online retail turnover. Southern Europe, Northern Europe, Central Europe, and Eastern Europe are anticipated to occupy a smaller share in the European eCommerce industry. The growing influence of foreign retailers such as Amazon on local eCommerce industries is anticipated to further boost sales in the region over the next few years. COVID-19 has also forced universities and corporations in the European region to rethink ways to increase their efficiency and reduce costs by incorporating smart lockers for expediting the order fulfillment and pick-up process.
The Europe smart parcel delivery locker market is segmented based on type, component, application, and country. Based on type, the market is segmented into standard smart locker and temperature-controlled smart locker. The standard smart locker segment dominated the Europe smart parcel delivery locker market in 2020 and temperature-controlled smart locker segment is expected to be fastest growing during forecast period. Based on component, the market is segmented into hardware and software. The hardware segment dominated the Europe smart parcel delivery locker market in 2020 and software segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into retail, residential, university, office, and others. The retail segment dominated the Europe smart parcel delivery locker market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is categorized into the UK, Germany, France, Italy, Russia, and rest of Europe.
Cleveron, KEBA, KernPack, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, and TZ Limited are among the leading companies in the Europe smart parcel delivery locker market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, TZ Limited has opened a new office at the Oxford Centre for Innovation (United Kingdom), strengthening its relationships with local channel partners and expanding its client base in the region. With this development, they will be able to provide truly global smart solutions to major enterprises and government agencies on every continent.
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