DUBLIN--(BUSINESS WIRE)--The "Smart Parcel Delivery Locker Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.
The global smart parcel delivery locker market is expected to grow from US$ 677.6 million in 2021 to US$ 1,644.1 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028.
Buy online, pick up in store (BOPIS) is emerging as an ideal strategy for retail stores. BOPIS enables customers to shop from the comfort of their homes and receive their parcels from a store or pickup location. The retailers are rapidly using BOPIS or click and collect to offer in-store pickup for customers, giving them the option to pick up a purchased item in-store rather than having it shipped to their home.
There is also a rising trend of curbside pickup, where customers can pick up their items outside the store or in the parking lot. This makes the solution less expensive for businesses and customers as it eliminates shipping fees and operational costs associated with shipping the orders. The flexibility offered by the BOPIS shopping experience is increasing the adoption of smart parcel delivery locker systems for order storage and management. According to industry experts, approximately 67% of shoppers in the US use BOPIS, which is propelling the market growth in the country. Retailers such as Walmart, Home Depot, and others are embracing the BOPIS solution.
The overall size of the smart parcel delivery locker market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the smart parcel delivery locker market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart parcel delivery locker market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the smart parcel delivery locker market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the smart parcel delivery locker market thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Market Dynamics
Drivers
- Growing E-Commerce and Parcel Volumes
- Increasing Demand for Digital Parcel Delivery Solutions
Restraints
- Rising Concerns Regarding Cyber Security Threats
Opportunities
- Advancements in Autonomous Technology for Storage and Management of Parcels
Future Trends
- Rise of Buy Online, Pick Up in Store (BOPIS) Trend
Companies Mentioned
- Smartbox
- Cleveron
- DeBourgh
- KEBA
- Kern Ltd
- Package Nexus
- Patterson Pope
- RENOME SMART
- Snaile Inc.
- TZ Limited
For more information about this report visit https://www.researchandmarkets.com/r/jw0top
