Report : Middle East and Africa 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)
Temperature Controlled Smart Locker Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA 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$ 79.11 million by 2028 from US$ 34.74 million in 2021. The market is estimated to grow at a CAGR of 12.5% from 2021 to 2028. The report provides trends prevailing in the MEA smart parcel delivery locker market along with the drivers and restraints pertaining to the market growth. Growing e-commerce and parcel volumes and increasing demand for digital parcel delivery solutions are the major factor driving the growth of the MEA smart parcel delivery locker market. However, rising concerns regarding cyber security threats hinders the growth of MEA smart parcel delivery locker market.
In case of COVID-19, MEA is highly affected especially South Africa. Extensive lockdowns resulting from the COVID-19 pandemic have changed consumer attitudes and initiated a shift toward online channels for activities such as shopping in the Middle East & Africa (MEA). As most consumers in the Middle East & Africa focused their online spending on groceries, personal-care products, and household supplies during the lockdown, sales of other categories, such as apparel, footwear, and luxury products, fell sharply. As their recovery strategies, businesses in the region prioritize managing the immediate impacts of the pandemic on consumer demand. E-commerce market players are ramping up digital solutions, leveraging automation technologies, and using social media to continue conversations with their customers. As the demand increases, market participants are focusing on enhanced digital infrastructures and improved product storage facilities that enable consistent parcel delivery leading to the growth of the smart parcel delivery locker market.
The MEA 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 MEA 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 MEA 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 MEA 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 UAE, South Africa, Saudi Arabia, and rest of MEA.
Cleveron, KEBA, Smartbox Ecommerce Solutions Private Limited, and TZ Limited are among the leading companies in the MEA 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, KEBA is one of the first Austrian award winners in the international Best Managed Companies programme, based on an international standards-based evaluation process led by Deloitte and consisting of four central evaluation criteria: governance and finance, strategy, productivity and innovation, and culture and commitment. A jury of independent specialists decides which firms are granted the title of Austria's Best Managed Companies based on the findings of the research.
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