Smart Parcel Locker Market is expected to be valued USD 682.1 million in 2022, growing at a 12.6% CAGR from 2022 to 2028. A parcel locker is a popular and very convenient solution to an effective last-mile delivery system. A smart parcel locker is also known as a smart packaged locker. It is a type of electronic locker operated by a computer that delivers parcels at any time with customer customization. The smart parcel lockers offer a fundamental delivery point that increases the chain of protection as well as offers review tracking system. They provide safe access to lists and assets from nearby and remote locations to consumers by automatically informing them of details regarding their parcels. Additionally, affordability and convenience to a large population over the globe enhance the smart parcel locker market growth. The world previously went through a crisis that is unpredictable in human history. During that pandemic, people have to follow some government restrictions to stop the spread of viruses. However, these circumstances increase the parcel’s demand exponentially for their essential commodities like medicines, and groceries. These significant factors had surely boosted the smart parcel locker market growth and also key players had a golden opportunity to huge investments for faster and cost-effective parcel management across the globe. Furthermore, with innovations and advancements in smart parcel locker products would expect to lead with a considerable smart parcel locker market share in upcoming years.
Recent Market Developments:
In March 2020, Eroski introduced technologically advanced smart lockers for online food delivery pickers. The latest and safe locker was installed in a hypermarket. The lockers are appropriate for all types of refrigerated, frozen, and room temperature food products and assure food preservation.
In May 2022, Velocity Smart Technology, UK based company launched the first carbon-neutral parcel locker in collaboration with Decarbonisation consultancy.