Report : Asia Pacific Smart Parcel Delivery Locker Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Standard Smart Locker and Temperature Controlled Smart Locker), Component (Hardware and Software), and Application (Retail, Residential, University, Office, and Others)
Retail Segment to Dominate APAC Smart Parcel Delivery Locker Market During 2021–2028
According to a new market research study on “APAC Smart Parcel Delivery Locker Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Component, and Application” is expected to reach US$ 346.68 million by 2028 from US$ 134.66 million in 2021. The market is estimated to grow at a CAGR of 14.5% from 2021 to 2028. The report provides trends prevailing in the APAC smart parcel delivery locker market along with the drivers and restraints pertaining to the market growth. Escalating demand for digital parcel delivery solutions and surging e-commerce and parcel volumes are the major factor driving the growth of the APAC smart parcel delivery locker market. However, issues regarding cyber security threats hinders the growth of APAC smart parcel delivery locker market.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 pandemic has not only disrupted the overall economy and e-commerce market in APAC but has also changed the buyers’ attitude toward the sector. A rise in consumer demand for expensive safety features for parcel storage and management is encouraging manufacturers to invest in high-end technological solutions. The market rebound in the last few months is encouraging the growth of smart parcel delivery locker solutions. The increasing trend toward e-commerce as the economies start to open and function again is likely to be sustained during recovery and the post-pandemic era. Countries in the APAC region are anticipated to harness the potential of e-commerce and benefit from digitalization. For instance, Indonesia launched a capacity-building program to expedite digitization among micro, small, and medium enterprises. Further, the growing demand for technologies that reduce contact between people and surfaces would propel the smart parcel delivery locker market growth.
The APAC smart parcel delivery locker market is segmented based on type, component, application, and country. Based on type, the market is segmented into standard smart locker and temperature-controlled smart locker. The standard smart locker segment dominated the APAC smart parcel delivery locker market in 2020 and temperature-controlled smart locker segment is expected to be fastest growing during forecast period. Based on component, the market is segmented into hardware and software. The hardware segment dominated the APAC smart parcel delivery locker market in 2020 and software segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into retail, residential, university, office, and others. The retail segment dominated the APAC smart parcel delivery locker market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is categorized into China, India, Japan, South Korea, Australia, and rest of APAC.
Cleveron, KEBA, Smartbox Ecommerce Solutions Private Limited, and TZ Limited are among the leading companies in the APAC smart parcel delivery locker market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Smartbox Ecommerce Solutions Private Limited has been named a member of NASSCOM-National Association of Software and Service Companies, an apex body with over 1800 members, including Indian technology (IT) and Business Process Outsourcing (BPM) firms, for its outstanding work in optimising the final leg of last mile delivery while providing secure, efficient, and convenient delivery and retrieval through smart lockers.
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