Smart parcel lockers market is expected to touch US$ 1.8 billion by the end of 2028, mainly driven by a surge in parcel delivery services and growth i
Wilmington, Delaware, Aug. 10, 2023 (GLOBE NEWSWIRE) - Industry Analysis and Trends: The expanding transportation and logistics sector is anticipated to drive the need for intelligent package lockers in the forthcoming decades.
According to a report by RationalStat, the Smart Parcel Locker Market is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 12% between 2022 and 2028. The surge in online shopping and e-commerce is anticipated to increase the global demand for smart parcel lockers.
In addition, touchless delivery, full accountability throughout the entire process, round-the-clock self-service availability, fast delivery, and installation are some of the advantages that are expected to boost the global demand for smart parcel lockers adoption even more.
Moreover, the rising worldwide usage of the internet and mobile devices has empowered individuals to bring in products from abroad. As a consequence, there is anticipated to be a noteworthy upsurge in the transportation of packages. In addition, merchants are placing a strong emphasis on implementing intelligent package storage systems to prevent delayed and failed deliveries.
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Analyzing the competition: The market growth is anticipated to receive a boost from the growing usage of parcel management solutions by e-commerce companies.
Because there are numerous proficient companies in the worldwide smart parcel locker industry, there is fierce rivalry. To maintain a competitive edge in the market, market players implement various key tactics such as enhancing technology and prioritizing the delivery of optimal solutions to customers.
Mergers, introductions of new products, and collaborations are the recognized patterns in the worldwide smart parcel locker industry. Anticipated consolidation is set to occur in the global market from 2022 to 2028.
The worldwide smart package industry is characterized by its division, as there are numerous participants in this field. Some notable companies in the global smart package lockers industry include TZ Limited, Quadient SA, Ricoh Group, Pitney Bowes Inc, KEBA AG, DE Bourgh Manufacturing Company, Mobiikey Technologies Pvt Ltd., Parcel Port, Florence Corporation, Abell International Pte Ltd., CleverBox Co., RENOME Group, Cleveron, Kern Ltd, and Alpha Locker System, among many others.
RationalStat has divided the worldwide market for intelligent package storage units into different categories. These divisions are based on the type of locker, its purpose, how it is implemented, and the geographical area it serves.
Important Queries Resolved in the Worldwide Report on Intelligent Parcel Lockers:
To find out additional details about this report and the participants in the market, you can visit the RationalStat store at https://store.rationalstat.com/store/global-smart-parcel-locker-market/
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RationalStat is a market intelligence and consulting firm located in the United States. They offer thorough market research reports as well as personalized strategy and consulting studies. To cater to a wide range of businesses around the world, they have sales offices in India, Mexico, and the US. With a team of over 80 consultants and industry specialists, RationalStat develops more than 850 market research and industry reports for its report store each year.
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