Canada Smart Parcel Delivery Locker Market Size By Product (Standard, Temperature-controlled), By Application (Office, Residential, Retail, University), And Forecast

Canada Smart Parcel Delivery Locker Market Size And Forecast

Canada Smart Parcel Delivery Locker Market size was valued at USD 71.88 Million in 2022 and is projected to reach USD 157.07 Million by 2030, at a CAGR of 10.22% from 2023 to 2030.

The adoption of smart cities and smart infrastructure is a critical factor driving the expansion of the smart refrigerators industry, which in turn stimulates the growth of the smart parcel delivery locker market. Rising disposable income and shifting customer tastes are driving demand for smart parcel delivery services. The Canada Smart Parcel Delivery Locker Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Canada Smart Parcel Delivery Locker Market Definition

With built-in computers and sensor networks, smart lockers are safe delivery and storing systems that can automate package selection, monitoring, and delivery. In order to monitor and regulate access to the objects within the locker in addition to identify the presence and authenticity of assets, products, and people, hardware and software sensors are employed. This aids clients who have automated package lockers in streamlining the package collecting procedure and enhancing client satisfaction. Smart lockers are quite helpful in public spaces where a lot of individuals congregate. For hybridized workplaces, retail sites, automated device management in warehouses, and protected parcel delivery to any location, smart lockers enable dynamic personal storing. All administrative tasks related to managing a lot of equipment are automated by smart lockers. Every transaction is automatically recorded, service plans are controlled, and any inconsistencies are immediately notified so that the appropriate action may be done right away.

Canada Smart Parcel Delivery Locker Market Overview

The expanding e-commerce business is causing parcel delivery companies to use advanced smart technologies in order to boost client satisfaction by delivering dependable and secure package services. Since 2015, global e-commerce has grown at an unprecedented rate, and the COVID-19 epidemic has contributed to this rise. The fast growth of online commerce is inextricably linked to the offline support of logistical services. After decades of development, the express delivery industry has progressively permeated people’s everyday lives and has become a vital aspect of life as a result of the Internet and e-commerce’s combined promotion. Another factor likely to propel the growth of the globally smart parcel delivery locker market in the coming years is the increased usage of smart technologies such as smart refrigerators in the food and beverage industry to store and transport fresh goods. The adoption of smart cities and smart infrastructure is a critical factor driving the expansion of the smart refrigerators industry, which in turn stimulates the growth of the smart parcel delivery locker market.

The availability of space can significantly restrain the smart parcel delivery locker market, as the size and number of lockers that can be installed in a particular area are limited by the available space. Industry standards allow between 12 and 20% of one’s facility’s total square footage for locker room space. Around 10 to 20 square feet per projected user is the standard for floor space, and one should have enough lockers to accommodate 20% of their users if they are day-use lockers. That number jumps to about 85-90% for permanent lockers. One has to research their demographic to build the locker room space. One of the primary barriers is the security issues connected with smart parcel lockers. In addition to physical threats, smart parcel lockers are vulnerable to hacker efforts. Intercepting communication between the locker and the server allows hackers to obtain unauthorized access to data or control of the locker.

In order to fulfill the expectations of expanding online marketplaces, developing enterprises, merchants, and customers, players in the smart package delivery locker industry are adopting and creating new solutions. The market is being driven by the rising digitalization trend and increased demand for quicker, more flexible, and lower-cost parcel delivery services. The spread of the internet and smart devices has enhanced customers’ capacity to control the whole transaction on their smartphones, from product selection through payment to shipping tracking. Rising disposable income and shifting customer tastes are driving demand for smart parcel delivery services.

Canada Smart Parcel Delivery Locker MarketSegmentation Analysis

The Canada Smart Parcel Delivery Locker Market is segmented based on Product, Application, and Geography.

Canada Smart Parcel Delivery Locker Market, By Product

• Standard
• Temperature-controlled

Based on Product, Standard accounted for the largest market share and is projected to grow at a CAGR of 9.73% during the forecast period. Standard indoor locker solution offers residents, employees, students, and guests a safe, secure, and simple way to send, receive, and store items. Also, the corporate mailroom manages mail for multi-residential residents or provides contactless order pickups for customers, and smart lockers offer a simple, secure, and easy-to-use solution. Moreover, the benefits of smart locker in the standard segment include innovative technology and enterprise-grade security to ensure every delivery reaches its final destination safely.

Canada Smart Parcel Delivery Locker Market, By Application

• Office
• Residential
• Retail
• University
• Others

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On the basis of Application, Office accounted for the largest market share and is projected to grow at a CAGR of 10.54% during the forecast period. Most office workers work late and cannot receive packages at home. As the volume of deliveries in the workplace increases, there is a need for a secure location where employees can pick up packages without knowing if they have arrived. Before smart lockers, commercial building mailroom staff had to go door-to-door or desk-to-desk in the buildings to deliver packages. The process was even more troublesome when the recipient’s signature was required to prove delivery. Staff often returned multiple times to ensure the right people received the suitable packages. Instead of potentially taking hours to deliver a single package, parcel lockers reduce delivery time.

Key Players

The “Canada Smart Parcel Delivery Locker Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are ShipHero, Quadient, Snaile Lockers, BlueBox, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In January 2022, ShipHero has announced that it has entered into a strategic partnership with Pipe17.
• In February 2023, Quadient announced that it has reached a significant milestone with more than 10,000 parcel locker units in operation in the United States and Canada and a total of 18,000 units globally.
• In 2021, Expedibox has launched a new productExpediRoom (Smart locker room)

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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