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)
Market Introduction
The market for Europe includes France, Germany, Spain, Italy, the UK, and the Rest of Europe. The European market is a highly diverse market with a group of more than 40 countries in it. Western European countries are more advanced as compared to the NORDIC and other east European countries. Therefore, there are more developments and advancements in the field of automation in the western part of Europe. The NORDIC countries of Europe consist of many small and medium enterprises (SMEs) that do not demand much for such smart parcel delivery lockers. On the other hand, economically strong countries such as Germany, Italy, the UK, and Spain have witnessed significant growth in implementing automation solutions. Pharmaceutical, e-commerce, healthcare, automobile, and food & beverages processing industry, are the biggest end users implementing smart parcel locker solutions. Parcels are delivered by diesel or fuel vans, which typically rack up more kilometers on the road than necessary due to faulty routing methods. Instabox, a smart parcel locker firm located in Stockholm, was founded to address the problem of driving individual deliveries to clients' homes or offices with a car. Smart parcel lockers are installed in supermarkets and shopping malls, allowing online consumers to pick up their orders while on a journey they would have taken otherwise. However, Instabox is not the only Swedish logistics firm promoting environmental awareness. Budbee, a delivery firm, raised EUR 52 million in January and told Sifted that by 2022, it intends to make all of its deliveries fossil-fuel free. While Budbee concentrates on doorstep delivery, Instabox aims to reduce the environmental effect of individual fossil-fueled journeys by encouraging consumers to pick up their packages from lockers and Instabox employees uses bicycles from lockers to homes. Hence, such an expansion of business for smart parcel locker solutions will help the market increase in the near future.
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.
Market Overview and Dynamics
The Europe smart parcel delivery locker market is expected to grow from US$ 213.31 million in 2021 to US$ 531.13 million by 2028; it is estimated to grow at a CAGR of 13.9% from 2021 to 2028. Players in the smart parcel delivery locker market are adopting and innovating new products to cater to the demands of evolving online marketplaces, emerging businesses, retailers, and consumers. The rise in trend of digitization and increase in demand for faster, more flexible, and lower-cost parcel delivery services are driving the market. The proliferation of the internet and smart devices has increased users' ability to manage the entire transaction from product selection to payment to shipment tracking on their smartphones. Rising disposable income and changing consumer preferences are fueling the demand for digital parcel delivery solutions. Digital parcel delivery enables customers to retrieve packages and mails by providing a centralized delivery point and audit tracking benefits. Electronic digital parcel delivery lockers installed at apartment complexes, small businesses, and large enterprises send instant notifications to the recipient that their package has arrived. The smart locker also ensures that their package is safe and secure throughout every step of the delivery process. An immense surge in the growth of online platforms post-COVID-19 pandemic is further driving the demand for digital and advanced smart parcel lockers across Europe region.
Key Market Segments
In terms of type, the standard smart locker segment accounted for the largest share of the Europe smart parcel delivery locker market in 2020. In terms of component, the hardware segment held a larger market share of the Europe smart parcel delivery locker market in 2020. Further, the retail segment held a larger share of the Europe smart parcel delivery locker market based on application in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe smart parcel delivery locker market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cleveron, KEBA, KernPack, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, and TZ Limited among others.
Reasons to buy report
- To understand the Europe smart parcel delivery locker market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe smart parcel delivery locker market
- Efficiently plan M&A and partnership deals in Europe smart parcel delivery locker market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe smart parcel delivery locker market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Smart Parcel Delivery Locker Market Segmentation
Europe Smart Parcel Delivery Locker Market - By Type
Europe Smart Parcel Delivery Locker Market - By Component
Europe Smart Parcel Delivery Locker Market - By Application
- Retail
- Residential
- University
- Office
- Others
Europe Smart Parcel Delivery Locker Market - By Country
- France
- Germany
- UK
- Italy
- Russia
- Rest of Europe
Europe Smart Parcel Delivery Locker Market - Company Profiles
Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Smart Parcel Delivery Locker Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Smart Parcel Delivery Locker Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising E-Commerce and Parcel Volumes
5.1.2 Mounting Demand for Digital Parcel Delivery Solutions
5.2 Market Restraints
5.2.1 Rising Issues Regarding Cyber Security Threats
5.3 Market Opportunities
5.3.1 Surging Advancements in Autonomous Technology for Storage and Management of Parcels
5.4 Future Trends
5.4.1 Advent of Buy Online, Pick Up in Store (BOPIS) Trend
5.5 Impact Analysis of Drivers and Restraints
6. Smart Parcel Delivery Locker Market – Europe Analysis
6.1 Europe Smart Parcel Delivery Locker Market Overview
6.2 Europe Smart Parcel Delivery Locker Market Revenue Forecast and Analysis
7. Europe Smart Parcel Delivery Locker Market Analysis – By Type
7.1 Overview
7.2 Europe Smart Parcel Delivery Locker Market, By Type (2020 & 2028)
7.3 Standard Smart Locker
7.3.1 Overview
7.3.2 Standard Smart Locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
7.4 Temperature Controlled Smart Locker
7.4.1 Overview
7.4.2 Temperature Controlled Smart Locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Smart Parcel Delivery Locker Market Analysis – By Component
8.1 Overview
8.2 Europe Smart Parcel Delivery Locker Market, by Component (2020 & 2028)
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
8.4 Software
8.4.1 Overview
8.4.2 Software: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Smart Parcel Delivery Locker Market Analysis – By Application
9.1 Overview
9.2 Europe Smart Parcel Delivery Locker Market, By Application (2020 & 2028)
9.3 Retail
9.3.1 Overview
9.3.2 Retail: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
9.4 Residential
9.4.1 Overview
9.4.2 Residential: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
9.5 University
9.5.1 Overview
9.5.2 University: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
9.6 Office
9.6.1 Overview
9.6.2 Office: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Smart Parcel Delivery Locker Market – Country Analysis
10.1 Overview
10.1.1 Europe: Smart Parcel Delivery Locker Market, By Country
10.1.1.1 Germany: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Smart Parcel Delivery Locker Market, By Type
10.1.1.1.2 Germany: Smart Parcel Delivery Locker Market, By Component
10.1.1.1.3 Germany: Smart Parcel Delivery Locker Market, By Application
10.1.1.2 France: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Smart Parcel Delivery Locker Market, By Type
10.1.1.2.2 France: Smart Parcel Delivery Locker Market, By Component
10.1.1.2.3 France: Smart Parcel Delivery Locker Market, By Application
10.1.1.3 Italy: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Smart Parcel Delivery Locker Market, By Type
10.1.1.3.2 Italy: Smart Parcel Delivery Locker Market, By Component
10.1.1.3.3 Italy: Smart Parcel Delivery Locker Market, By Application
10.1.1.4 UK: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Smart Parcel Delivery Locker Market, By Type
10.1.1.4.2 UK: Smart Parcel Delivery Locker Market, By Component
10.1.1.4.3 UK: Smart Parcel Delivery Locker Market, By Application
10.1.1.5 Russia: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Smart Parcel Delivery Locker Market, By Type
10.1.1.5.2 Russia: Smart Parcel Delivery Locker Market, By Component
10.1.1.5.3 Russia: Smart Parcel Delivery Locker Market, By Application
10.1.1.6 Rest of Europe: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Smart Parcel Delivery Locker Market, By Type
10.1.1.6.2 Rest of Europe: Smart Parcel Delivery Locker Market, By Component
10.1.1.6.3 Rest of Europe: Smart Parcel Delivery Locker Market, By Application
11. Europe Smart Parcel Delivery Locker Market - COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Cleveron
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KEBA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KernPack
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 RENOME SMART
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Smartbox Ecommerce Solutions Private Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 TZ Limited
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Smart Parcel Delivery Locker Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. France Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. France Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Smart Parcel Delivery Locker Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Smart Parcel Delivery Locker Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 14. UK Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Smart Parcel Delivery Locker Market Segmentation
Figure 2. Europe Smart Parcel Delivery Locker Market Segmentation – By Country
Figure 3. Europe Smart Parcel Delivery Locker Market Overview
Figure 4. Europe Smart Parcel Delivery Locker Market, By Type
Figure 5. Europe Smart Parcel Delivery Locker Market, By Component
Figure 6. Europe Smart Parcel Delivery Locker Market, By Country
Figure 7. Europe PEST Analysis
Figure 8. Europe Smart Parcel Delivery Locker Market- Ecosystem Analysis
Figure 9. Europe Smart Parcel Delivery Locker Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Smart Parcel Delivery Locker Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Smart Parcel Delivery Locker Market, by Type (2020 & 2028)
Figure 12. Europe Standard smart locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Temperature controlled smart locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Smart Parcel Delivery Locker Market, By Component (2020 & 2028)
Figure 15. Europe Hardware: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Software: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Smart Parcel Delivery Locker Market, By Application (2020 & 2028)
Figure 18. Europe Retail: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Residential: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe University: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Office: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Others: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Smart Parcel Delivery Locker Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 24. Europe: Smart Parcel Delivery Locker Market Revenue Share, By Country (2020 and 2028)
Figure 25. Germany: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. France: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Italy: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UK: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets
- Cleveron
- KEBA
- KernPack
- RENOME SMART
- Smartbox Ecommerce Solutions Private Limited
- TZ Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe smart parcel delivery locker market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the smart parcel delivery locker market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution