As per the report titled ‘Global Intelligent Parcel Locker Market Research Report 2020’, available with Market Study Report, global intelligent parcel locker market attained a valuation of USD 568.8 million in 2020 and is expected reach USD 1812.1 million by 2026, expanding with 17.8% CAGR during 2021-2026.
 

Intelligent parcel lockers are scalable and customizable electronic locker system that provides a secure space to ship or store parcels. Rise in volumes of parcel shipping owing to rapid growth of e-commerce sector and increasing cross-border trade are driving the growth of global intelligent parcel locker market. Moreover, integration of advanced technologies such as smart camera is expected to boost the market growth during the forecast period.
 

Based on the product type, the industry is bifurcated into indoor and outdoor, wherein indoor segment accounted for 91% of the total sales in 2018 and is expected to display strong growth trends over the forecast timeline. Higher convenience and usability are supporting the segment growth.
 

Speaking of the application spectrum, retail segment held 57% share of global intelligent parcel locker market in 2018 whereas family sector segment accounted for 19% share. Increasing number of convenience stores, specialty stores, and rising popularity of internet retailing channels in emerging economies are augmenting the market outlook.
 

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Considering the geographical landscape, global intelligent parcel locker market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific intelligent parcel locker market is expected to witness considerable growth owing to increasing number of parcel deliveries on account of expansion of retail sector and growing consumer inclination towards the e-commerce platforms and online stores.
 

Major players of global intelligent parcel locker market are Quadient (Neopost), American Locker, TZ Limited, Florence Corporation, Hollman, Cleveron, Luxer One, KEBA, Parcel Port, Zhilai Tech, Parcel Pending, InPost, My Parcel Locker, Kern, China Post, MobiiKey, Shanghai Fuyou, and Cloud Box.