Global Smart Parcel Locker Market By Segments, By Geography, Opportunities, Key Players, Trends and Forecast

Report Highlights

Smart Parcel Locker Market Size And Forecast

Smart Parcel Locker Market was valued at USD 601.1 Million in 2020 and is projected to reach USD 1505.4 Million by 2028, growing at a CAGR of 12.16% from 2021 to 2028.

The Smart Parcel Locker Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Smart Parcel Locker Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Smart Parcel Locker Market Overview

Rising E-commerce platforms to aid market growth. Post-COVID-19 pandemic, there has been an immense surge in the growth of online platforms across the globe. For instance, according to the E-commerce Trends Report 2020 by unicommerce, the online platforms witnessed an order-volume growth of about 17% post-pandemic. Although the world is grappling with the effects of the novel corona virus, evolving consumer buying preferences and patterns have led to a surge in online sales. This has led to the need for efficient parcel management solutions by the companies that are driving the demand for advanced smart parcel lockers globally.

This report provides an all-inclusive environment of the analysis for the Smart Parcel Locker Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Smart Parcel Locker Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Smart Parcel Locker Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Smart Parcel Locker Market.