Intelligent Parcel Locker Market Break Down by Top Companies to Reach at CAGR of 12.6% by 2031

Intelligent Parcel Locker Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Application, by End User Industry : Global Opportunity Analysis and Industry Forecast, 2021-2031. The intelligent parcel locker market size was valued at $0.7 billion in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 12.6% from 2022 to 2031.

Intelligent Parcel Lockers: Hardware Leads, Outdoor Booming

The intelligent parcel locker market is all about convenience. Two main parts make it work: physical components (hardware) and the software that runs it. In 2021, hardware dominated sales

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Outdoor Lockers: On the Rise

The market is also segmented by location. Outdoor lockers are expected to see the fastest growth, fueled by the demand for quicker deliveries. For users, the options are residential or non-residential lockers. Residential lockers led in revenue for 2021.

Market Drivers: E-commerce and Building Boom

The main factors driving this market are the booming e-commerce industry and the increasing number of buildings, both residential and non-residential. However, the high initial cost of hardware can be a hurdle.

Regional Breakdown: North America Leads, Asia-Pacific Chasing

As of 2021, North America was the king of the intelligent parcel locker market, followed by Europe and Asia-Pacific. But Asia-Pacific is expected to catch up quickly, thanks to its growing e-commerce industry and rapid urbanization.

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Tech Advancements: Better Lockers, Happier Users

Advancements in technology have made these lockers smarter and easier to use, for both homes and businesses. This lets users get notified about deliveries and track their packages.

Competition Heats Up: New Lockers and Market Expansion

Companies are constantly innovating with new locker designs to stay ahead of the competition. Additionally, key players are expanding their businesses to reach new regions. For example, Instabox, a Swedish logistics company, announced plans to enter new markets in Denmark and Norway, aiming to offer same-day delivery through hundreds of new lockers.

Top Players Are:

Key companies profiled in the intelligent parcel locker market forecast report include American Locker, Cleveron, Florence Corp., Hollman Inc., KEBA AG, Luxer Corporation, Mobiikey Technologies Pvt. Ltd, Package Nexus, Parcel Port Solutions, Inc., Pitney Bowes Inc., Quadient, Renome Group, Ricoh, Shenzhen Zhilai Sci and Tech Co., Ltd, Smartbox Ecommerce solutions Pvt. Ltd., TZ Limited, and Xiamen Headleader Technology Co.

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Key Findings of The Report:

• The report provides an extensive analysis of the current and emerging intelligent parcel locker market trends and dynamics. 
• Depending on component, the hardware segment held the largest intelligent parcel locker market share, in terms of revenue in 2021 and the software segment is projected to grow at a significant CAGR during the forecast period.
• By application, outdoor segment is expected to grow at a higher CAGR.
• By end-user industry, residential segment registered highest revenue in 2021.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the intelligent parcel locker market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the intelligent parcel locker industry.

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