The "Global Intelligent Parcel Locker Market Size, Share & Industry Trends Analysis Report By Application (Indoor and Outdoor), By Component (Hardware and Software), By End User (Residential and Non-residential), By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

The Global Intelligent Parcel Locker Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 11.8% CAGR during the forecast period.

A parcel locker is a container that facilitates package pickup for building residents at any time. Due to modern technology, the building manager can now warn the beneficiary due to installed digital systems. Residents can easily pick up and drop off shipments using this procedure. Everyone gets tired of waiting for package delivery for hours.

An intelligent packed locker is a form of computer-controlled electronic locker used for electronic concierge digital parcel delivery, allowing recipients to get their mail and packages whenever they choose. The central delivery point provided by the intelligent parcel lockers strengthens the chain of custody and allows for audit tracking. It gives customers rapid email and SMS notifications when their products have been delivered.

It is a form of computer-controlled electronic locker used for electronic concierge digital parcel delivery, allowing recipients to get their mail and packages whenever they choose. The central delivery point provided by the intelligent parcel lockers strengthens the chain of custody and allows for audit tracking. It gives customers rapid email and SMS notifications when their products have been delivered.

Automated solutions called intelligent parcel lockers make it easy for businesses to store packages. By immediately alerting users to information about their shipment, they give users secure access to inventory and assets from nearby and far-off locations. Additionally, they enable merchants to use the inventory in their locations and lower the cost of last-mile transportation.

In human history, there has never been a crisis like the one the world is constantly experiencing. Lockdowns affect nearly a third of the world's population. The only way to stop it from spreading further is to stay at home and avoid social situations. However, this has resulted in a massive demand for and rush to stock up on necessities like food and medications.

Market Growth Factors

Parcel Lockers Are Receiving More E-Commerce Deliveries

The demands for online shopping are rising due to trends that are expanding at an exponential rate. Many businesses have noticed an increase in delivery volumes over time. Given the rise in business-to-customer parcel deliveries, the number of parcel stores or parcel locker outlets significantly expanded. The number of packages sent has significantly increased in the industries of food and drink, personal services, apparel and shoes, and consumer electronics.

Building Automation And Rapid Urbanization Are Global Trends

The demands for online shopping are rising due to trends that are expanding at an exponential rate. Many businesses have noticed an increase in delivery volumes over time. Given the rise in business-to-customer parcel deliveries, the number of parcel stores or parcel locker outlets significantly expanded.

The number of packages sent has significantly increased in the industries of food and drink, personal services, apparel and shoes, and consumer electronics. E-commerce and digital platforms are now replacing traditional brick-and-mortar retail locations as the primary means of product delivery.

Market Restraining Factors

There Is A High Probability Of Technological Problems

Electronic devices are present in every industrial, commercial, and residential context. Additionally, this equipment is dependent on stable voltage input and increasingly complex analog and digital circuitry. These patterns emphasize the requirement for efficient straight-line emissions filters that are adaptable to various electrical configurations. However, there is no inverse relationship between the number of primary windings and the voltage that arises across the inductor or all of its windings.

Scope of the Study

Market Segments Covered in the Report:

By Application

• Indoor
• Outdoor

By Component

• Hardware
• Software

By End User

• Residential
• Non-residential

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• CKI Locker LLC (Cole Kepro International, LLC)
• Cleveron (Posti Group Corporation)
• Florence Corporation (Gibraltar Industries, Inc.)
• Hollman, Inc.
• KEBA Group AG
• Luxer Corporation (Assa Abloy AB)
• Package Nexus
• Parcel Port Solutions, Inc.
• Pitney Bowes, Inc.
• Quadient

For more information about this report visit https://www.researchandmarkets.com/r/g1xg1k

View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005382/en/