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)
Market Introduction
North America is the key regional market, which includes the US, Canada, and Mexico. North America is a hub of technological developments that compliances with economically robust countries. As a result, the manufacturing industry in North America pertains to evolve and remain the principal factor for driving prosperity, jobs, and innovation. With the increasing demand from customers for high-quality products and services, companies are on a constant hunt for innovations to serve their customers in the best possible way. Supply chain management is one of the important activities for companies to make available their products to the end consumers. According to a poll in 2021 by Finder, over 14% of Americans had been victims of package theft in the previous 12 months. This corresponds to almost 35.5 million Americans having their belongings stolen, with an average value of US$ 156.82. According to Finder, Americans have lost nearly US$ 5.4 billion in package theft due to porch pirates in the last 12 months. Porch pirates are robbers who steal goods left on porches in the hopes of finding valuable items. Porch pirates may mistake a larger box for higher-value goods; therefore, larger parcels are more likely to be targeted for package theft. The majority of Americans said they had their shipments stolen once or twice in the previous year. While almost 39% reported that they had only one parcel stolen, nearly 36% indicated they had at least two items stolen. While the exact reason for this is unknown, it is hoped that the victims have enhanced security measures to avoid additional parcel theft. We can observe that 11% of respondents had been victimized three or more times. Men were more likely to report having an item stolen than women, with 17% of men reporting having had a package taken versus 11% of women. Men's packages were also worth more than women's, with the average cost of a stolen box being US$ 190.47 for men and US$ 111.72 for women. When examining the results by generation, 22% of millennials indicated they had been victims of porch pirates.
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.
Market Overview and Dynamics
The North America smart parcel delivery locker market is expected to grow from US$ 267.89 million in 2021 to US$ 623.50 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028. The rise of e-commerce across the region has led to a significant increase in the number of parcel volumes, which is driving the smart parcel delivery locker market. In October 2020, Pitney Bowes—a technology company and a provider of commerce solutions—reported that in 2019, the global parcel volume surpassed 100 billion for the first time, with a growth of 17.7%. The growth of the e-commerce industry and surge in parcel volume are propelling the adoption of advanced technologies to provide reliable and secure services to customers. There is rapid popularity of e-commerce lockers in highly populated localities for easy access to customers. Companies can deliver the goods to e-commerce lockers, which customers can receive using the password sent by e-commerce companies. E-commerce smart lockers can help businesses greatly reduce costs and help manufacturers and rental services benefit from the growing demand, which is anticipated to propel the market growth during the forecast period. Due to the rising demands and digitization trends, startups such as Smartbox are providing smart e-commerce lockers, which is expected to drive the North America smart parcel delivery locker market in the coming years.
Key Market Segments
In terms of type, the standard smart locker segment accounted for the largest share of the North America smart parcel delivery locker market in 2020. In terms of component, the hardware segment held a larger market share of the North America smart parcel delivery locker market in 2020. Further, the retail segment held a larger share of the North America 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 North America 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, DeBourgh, KEBA, Package Nexus, Patterson Pope, Smartbox Ecommerce Solutions Private Limited, Snaile Inc., and TZ Limited among others.
Reasons to buy report
- To understand the North America 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 North America smart parcel delivery locker market
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America smart parcel delivery locker market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Smart Parcel Delivery Locker Market Segmentation
North America Smart Parcel Delivery Locker Market - By Type
North America Smart Parcel Delivery Locker Market - By Component
North America Smart Parcel Delivery Locker Market - By Application
- Retail
- Residential
- University
- Office
- Others
North America Smart Parcel Delivery Locker Market - By Country
- US
- Canada
- Mexico
North America Smart Parcel Delivery Locker Market - Company Profiles
- Cleveron
- DeBourgh
- KEBA
- Package Nexus
- Patterson Pope
- Smartbox Ecommerce Solutions Private Limited
- Snaile Inc.
- TZ Limited
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. North America Smart Parcel Delivery Locker Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Smart Parcel Delivery Locker Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing E-Commerce and Parcel Volumes
5.1.2 Growing Demand for Digital Parcel Delivery Solutions
5.2 Market Restraints
5.2.1 Concerns Regarding Cyber Security Threats
5.3 Market Opportunities
5.3.1 Growing Advancements in Autonomous Technology for Storage and Management of Parcels
5.4 Future Trends
5.4.1 Growth of Buy Online, Pick Up in Store (BOPIS) Trend
5.5 Impact Analysis of Drivers and Restraints
6. Smart Parcel Delivery Locker Market – North America Analysis
6.1 North America Smart Parcel Delivery Locker Market Overview
6.2 North America Smart Parcel Delivery Locker Market Revenue Forecast and Analysis
7. North America Smart Parcel Delivery Locker Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Smart Parcel Delivery Locker Market Analysis – By Component
8.1 Overview
8.2 North America 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. North America Smart Parcel Delivery Locker Market Analysis – By Application
9.1 Overview
9.2 North America 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. North America Smart Parcel Delivery Locker Market – Country Analysis
10.1 Overview
10.1.1 North America: Smart Parcel Delivery Locker Market, By Country
10.1.1.1 US: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Smart Parcel Delivery Locker Market, By Type
10.1.1.1.2 US: Smart Parcel Delivery Locker Market, By Component
10.1.1.1.3 US: Smart Parcel Delivery Locker Market, By Application
10.1.1.2 Canada: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Smart Parcel Delivery Locker Market, By Type
10.1.1.2.2 Canada: Smart Parcel Delivery Locker Market, By Component
10.1.1.2.3 Canada: Smart Parcel Delivery Locker Market, By Application
10.1.1.3 Mexico: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Smart Parcel Delivery Locker Market, By Type
10.1.1.3.2 Mexico: Smart Parcel Delivery Locker Market, By Component
10.1.1.3.3 Mexico: Smart Parcel Delivery Locker Market, By Application
11. North America Smart Parcel Delivery Locker Market - COVID-19 Impact Analysis
11.1 North America: 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 DeBourgh
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 KEBA
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 Package Nexus
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 Patterson Pope
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 Smartbox Ecommerce Solutions Private 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
13.7 Snaile Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 TZ Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Smart Parcel Delivery Locker Market Revenue Share, By Country
Table 3. US Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Smart Parcel Delivery Locker Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Smart Parcel Delivery Locker Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Smart Parcel Delivery Locker Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Smart Parcel Delivery Locker Market Segmentation
Figure 2. North America Smart Parcel Delivery Locker Market Segmentation – By Country
Figure 3. North America Smart Parcel Delivery Locker Market Overview
Figure 4. North America Smart Parcel Delivery Locker Market, By Type
Figure 5. North America Smart Parcel Delivery Locker Market, By Component
Figure 6. North America Smart Parcel Delivery Locker Market, By Country
Figure 7. North America PEST Analysis
Figure 8. North America Smart Parcel Delivery Locker Market- Ecosystem Analysis
Figure 9. North America Smart Parcel Delivery Locker Market Impact Analysis of Drivers and Restraints
Figure 10. North America Smart Parcel Delivery Locker Market Revenue Forecast and Analysis (US$ Million)
Figure 11. North America Smart Parcel Delivery Locker Market, by Type (2020 & 2028)
Figure 12. North America Standard smart locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Temperature controlled smart locker: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Smart Parcel Delivery Locker Market, By Component (2020 & 2028)
Figure 15. North America Hardware: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Software: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Smart Parcel Delivery Locker Market, By Application (2020 & 2028)
Figure 18. North America Retail: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Residential: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America University: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Office: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Others: Smart Parcel Delivery Locker Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Smart Parcel Delivery Locker Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 24. North America: Smart Parcel Delivery Locker Market Revenue Share, By Country (2020 and 2028)
Figure 25. US: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Smart Parcel Delivery Locker Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
- Cleveron
- DeBourgh
- KEBA
- Package Nexus
- Patterson Pope
- Smartbox Ecommerce Solutions Private Limited
- Snaile Inc.
- TZ Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America smart parcel delivery locker market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America smart parcel delivery locker market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America 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