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iCrowdNewswire Jan 15, 2021 3:00 PM ET

Global Smart Parcel Locker Market Expected to Reach USD 1,743.9 Million by 2027

Global Smart Parcel Locker Market Expected to Reach USD 1,743.9 Million by 2027

iCrowd Newswire - Jan 15, 2021

Global Smart Parcel Locker Market Key Takeaways-min

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Smart Parcel Locker Market by Types, Applications, and Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 542.8 Million in 2019 and is expected to grow at a CAGR of 16% between 2020 and 2027. The smart parcel locker market volume is anticipated to expand at a CAGR of around XX% during the forecast period. Smart parcel lockers are computerized electronic locker systems, which are used for operations including pick-up and delivery of parcels. The total smart parcel lockers system is made up of a set of lockers used for the pick-up by users and delivery by users. These lockers are placed within residences or at workplaces to help users receive their parcels accordingly as per their convenience.

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The global smart parcel locker market is fragmented based on type, application, and region. In terms of types, the market is segmented into min. order ?10, min. order 10-50, and min. order >50. On the basis of applications, the market is segregated into condos, apartment complexes, businesses, and others. Based on regions, the global smart parcel locker market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is further bifurcated into countries such as the US, and Canada. Latin America is sub-segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is classified as India, China, Australia, Japan, South Korea, and Rest of Asia Pacific. Europe is categorized as the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe. MEA is categorized as Saudi Arabia, South Africa, the UAE, and Rest of MEA.

The effect of COVID-19 is anticipated to be strongly felt in the manufacturing industry due to high dependency of different global industries for imports. Moreover, the pandemic situation has led to the closure of several non-essential businesses reducing the demand for machines such as smart parcel locker in the world, which in turn, is impeding the different end users. The COVID-19 pandemic is decreasing end-user demand for daily packaging products worldwide, thus reducing the demand for smart parcel lockers, in the short-term. The COVID-19 effects majorly on manufacturing units, which are currently working with 50% workforce. The global supply chain has at the same time slowed down due to restrictions on national borders.

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As per GMR industry analyst Vidya Jadhav, “The global smart parcel locker market is anticipated to expand at a considerable pace during forecast period, 2020-2027, driven by factors such as 24×7 delivery and pick-up options available for parcel providers and receivers, ease of use, and technological connectivity. The smart parcel locker market is growing significantly due to the high demand for these lockers in businesses, apartments, and condos.”

Key Takeaways from the Study:

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Report Scope:

Report Metric


Market Value in 2019

USD 542.8 Million

Market Growth Rate (from 2021 to 2027)


Historical Data

2017 & 2018

Base Year


Forecast Period

2021 – 2027

Units Considered

Value (USD Million) & Volume (000’ Units)

Market Segments

Types and Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA)

Country Scope

The US, Canada, Germany, France, Italy, the UK, Spain, Russia, Rest of Europe, China, Japan, South Korea, India, Australia, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, Saudi Arabia, South Africa, the UAE, and Rest of MEA

Key Companies Profiled

TZ Limited, Patterson Pope, DeBourgh, KEBA, RENOME, Xiamen Headleader Technology Co., Ltd., SHENZHEN ZHILAI SCI AND TECH CO., LTD, Locker & Lock Pte Ltd., ALPHA Corporation, Cleveron AS, Smartbox Ecommerce Solutions Pvt. Ltd., Snaile Inc., Package Nexus, Vlocker, Focus Action Sdn Bhd, ABELL INTERNATIONAL PTE LTD, VIOLANTA, Kern Limited, Clevtech

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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About Us:
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At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.

Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.

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