Smart Parcel Delivery Locker Market Size, Trends and Growth Analysis by 2027

The global market for smart parcel delivery lockers is projected to expand significantly, increasing from US$ 677.6 million in 2021 to an impressive US$ 1,644.1 million by 2028. This growth trajectory indicates a compound annual growth rate (CAGR) of 13.5% from 2021 through 2028.

One of the driving forces behind this market expansion is the rise of the Buy Online, Pick Up In Store (BOPIS) model, which has become a favored strategy among retailers. BOPIS allows consumers to shop conveniently from their homes and collect their purchases from a designated store or pickup point. Retailers are increasingly adopting BOPIS, also known as click and collect, to facilitate in-store pickups, providing customers with the flexibility to retrieve their items directly rather than waiting for home delivery. Additionally, the trend of curbside pickup is gaining traction, enabling customers to collect their orders from outside the store or in parking areas. This approach not only reduces shipping costs for both businesses and consumers but also minimizes the operational expenses linked to order fulfillment. The convenience and adaptability of the BOPIS experience are driving the adoption of smart parcel delivery locker systems, which assist in the efficient storage and management of orders. Industry analysts report that around 67% of shoppers in the United States utilize BOPIS, significantly contributing to market growth in the region. Major retailers, including Walmart and Home Depot, are actively integrating BOPIS solutions into their operations.

Prominent players in the smart parcel delivery locker sector include Cleveron, DeBourgh, KEBA, KernPack, Package Nexus, Patterson Pope, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, Snaile Inc., and TZ Limited. The report also includes findings from secondary research on additional companies that command a notable share of the market.

The comprehensive assessment of the smart parcel delivery locker market has been derived from both primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This phase aims to provide a broad overview and forecast of the smart parcel delivery locker market across various segments and regions. Furthermore, numerous primary interviews have been conducted with key industry stakeholders and commentators to validate the collected data and obtain deeper analytical insights. Participants in this research include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the smart parcel delivery locker domain.

As the retail landscape continues to evolve, the integration of smart parcel delivery lockers is becoming increasingly vital. These systems not only enhance the customer experience by providing convenient pickup options but also streamline logistics for retailers. The growing preference for BOPIS and curbside pickup is indicative of a broader shift towards more flexible shopping solutions, which are expected to further fuel the demand for smart parcel delivery lockers.

In conclusion, the smart parcel delivery locker market is on a robust growth path, driven by changing consumer behaviors and the increasing adoption of innovative retail strategies. As more retailers recognize the benefits of BOPIS and similar models, the market for smart parcel delivery lockers is set to flourish, presenting numerous opportunities for both established companies and new entrants in the sector.