Report : North America 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)
Standard Smart Locker Segment to Dominate North America Smart Parcel Delivery Locker Market During 2021–2028
According to a new market research study on “North America 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$ 623.50 million by 2028 from US$ 267.89 million in 2021. The market is estimated to grow at a CAGR of 12.8% from 2021 to 2028. The report provides trends prevailing in the North America smart parcel delivery locker market along with the drivers and restraints pertaining to the market growth. Growing advancements in autonomous technology for storage and management of parcels and growth of buy online, pick up in store (BOPIS) trend are the major factor driving the growth of the North America smart parcel delivery locker market. However, concerns regarding cyber security threats hinders the growth of North America smart parcel delivery locker market.
In case of COVID-19, North America is highly affected specially the US. The enactment of lockdowns and travel restrictions shut down of production facilities, and shortage of employees have adversely affected the performances of the smart parcel delivery locker market in North America. The health and economic crises led to major disruptions in the smart parcel delivery locker market, impacting everything from supply chain and manufacturing to product sales. The pandemic has negatively impacted the industry’s short-term and long-term growth strategies. However, progress in vaccination programs and the reopening of businesses are anticipated to fuel the demand for autonomous parcel delivery technologies in the coming years. While the first half of 2020 led to reduced sales revenue due to the lockdown and halted operations of several industries, the second half of 2020 witnessed a massive surge in online sales. Market players are investing in smart locker technologies to boost sales and generate revenues. The growing adoption of the BOPIS concept that eliminates the need for person-to-person contact and enables social distancing and safety is likely to propel the smart parcel delivery locker market in North America in the post-COVID-19 era.
The North America 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 North America 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 North America 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 North America 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 US, Canada, and Mexico.
Cleveron, DeBourgh, KEBA, Package Nexus, Patterson Pope, Smartbox Ecommerce Solutions Private Limited, Snaile Inc., and TZ Limited are among the leading companies in the North America 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 2020, Cleveron announced that by the end of 2020, parcel lockers would be installed in every village and town. Villagers have a variety of delivery choices, including drive-in collection, courier services, BOPIS, and outdoor package lockers located across the region.
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