Europe Smart Parcel Delivery Locker Market
Market Introduction
The market for Europe includes France, Germany, Spain, Italy, the UK, and the Rest of Europe. The European market is a highly diverse market with a group of more than 40 countries in it. Western European countries are more advanced as compared to the NORDIC and other east European countries. Therefore, there are more developments and advancements in the field of automation in the western part of Europe. The NORDIC countries of Europe consist of many small and medium enterprises (SMEs) that do not demand much for such smart parcel delivery lockers. On the other hand, economically strong countries such as Germany, Italy, the UK, and Spain have witnessed significant growth in implementing automation solutions. Pharmaceutical, e-commerce, healthcare, automobile, and food & beverages processing industry, are the biggest end users implementing smart parcel locker solutions. Parcels are delivered by diesel or fuel vans, which typically rack up more kilometers on the road than necessary due to faulty routing methods. Instabox, a smart parcel locker firm located in Stockholm, was founded to address the problem of driving individual deliveries to clients' homes or offices with a car. Smart parcel lockers are installed in supermarkets and shopping malls, allowing online consumers to pick up their orders while on a journey they would have taken otherwise. However, Instabox is not the only Swedish logistics firm promoting environmental awareness. Budbee, a delivery firm, raised EUR 52 million in January and told Sifted that by 2022, it intends to make all of its deliveries fossil-fuel free. While Budbee concentrates on doorstep delivery, Instabox aims to reduce the environmental effect of individual fossil-fueled journeys by encouraging consumers to pick up their packages from lockers and Instabox employees uses bicycles from lockers to homes. Hence, such an expansion of business for smart parcel locker solutions will help the market increase in the near future.
Europe is highly affected by the COVID-19. France and Russia are the worst-hit European countries. The retail sector in Europe has been hit hard by COVID-19 as many retail stores lost a significant amount of traffic. As countries start to reopen, companies in the e-commerce sector are shifting toward smart lockers that automate the order storage and retrieval processes. eCommerce sales in Europe are growing significantly, with most of the online turnover being generated in Western Europe, accounting for approximately 70% of total European online retail turnover. Southern Europe, Northern Europe, Central Europe, and Eastern Europe are anticipated to occupy a smaller share in the European eCommerce industry. The growing influence of foreign retailers such as Amazon on local eCommerce industries is anticipated to further boost sales in the region over the next few years. COVID-19 has also forced universities and corporations in the European region to rethink ways to increase their efficiency and reduce costs by incorporating smart lockers for expediting the order fulfillment and pick-up process.
Market Overview and Dynamics
The Europe smart parcel delivery locker market is expected to grow from US$ 213.31 million in 2021 to US$ 531.13 million by 2028; it is estimated to grow at a CAGR of 13.9% from 2021 to 2028. Players in the smart parcel delivery locker market are adopting and innovating new products to cater to the demands of evolving online marketplaces, emerging businesses, retailers, and consumers. The rise in trend of digitization and increase in demand for faster, more flexible, and lower-cost parcel delivery services are driving the market. The proliferation of the internet and smart devices has increased users' ability to manage the entire transaction from product selection to payment to shipment tracking on their smartphones. Rising disposable income and changing consumer preferences are fueling the demand for digital parcel delivery solutions. Digital parcel delivery enables customers to retrieve packages and mails by providing a centralized delivery point and audit tracking benefits. Electronic digital parcel delivery lockers installed at apartment complexes, small businesses, and large enterprises send instant notifications to the recipient that their package has arrived. The smart locker also ensures that their package is safe and secure throughout every step of the delivery process. An immense surge in the growth of online platforms post-COVID-19 pandemic is further driving the demand for digital and advanced smart parcel lockers across Europe region.
Key Market Segments
In terms of type, the standard smart locker segment accounted for the largest share of the Europe smart parcel delivery locker market in 2020. In terms of component, the hardware segment held a larger market share of the Europe smart parcel delivery locker market in 2020. Further, the retail segment held a larger share of the Europe smart parcel delivery locker market based on application in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe smart parcel delivery locker market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cleveron, KEBA, KernPack, RENOME SMART, Smartbox Ecommerce Solutions Private Limited, and TZ Limited among others.
Reasons to buy report
Europe Smart Parcel Delivery Locker Market Segmentation
Europe Smart Parcel Delivery Locker Market - By Type
Europe Smart Parcel Delivery Locker Market -
By Component
Europe Smart Parcel Delivery Locker Market -
By Application
Europe Smart Parcel Delivery Locker Market - By Country
Europe Smart Parcel Delivery Locker Market - Company Profiles
Strategic insights for the Europe Smart Parcel Delivery Locker provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 213.31 Million |
| Market Size by 2028 | US$ 531.13 Million |
| Global CAGR (2021 - 2028) | 13.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Smart Parcel Delivery Locker refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Smart Parcel Delivery Locker Market is valued at US$ 213.31 Million in 2021, it is projected to reach US$ 531.13 Million by 2028.
As per our report Europe Smart Parcel Delivery Locker Market, the market size is valued at US$ 213.31 Million in 2021, projecting it to reach US$ 531.13 Million by 2028. This translates to a CAGR of approximately 13.9% during the forecast period.
The Europe Smart Parcel Delivery Locker Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Smart Parcel Delivery Locker Market report:
The Europe Smart Parcel Delivery Locker Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Smart Parcel Delivery Locker Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Smart Parcel Delivery Locker Market value chain can benefit from the information contained in a comprehensive market report.
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