Canada Smart Parcel Delivery Locker Market Size By Product (Standard, Temperature-controlled), By Application (Office, Residential, Retail, University), And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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.
Smart lockers are like super-smart delivery and storage systems! They use built-in computers and sensor networks to keep everything safe, automating package selection, monitoring, and delivery. Think of them as high-tech guardians, using hardware and software sensors to keep an eye on things inside. They monitor access, verify who and what's there, and make sure everything's authentic. This helps clients with automated package lockers speed up package pickup and makes them happier too! They're especially useful in busy public areas. For hybrid workplaces, retail stores, automated device management in warehouses, and even just getting packages safely delivered anywhere, smart lockers offer dynamic personal storage. Plus, they take care of all the boring administrative stuff related to managing equipment. Every transaction is automatically logged, service plans are kept in check, and any problems are immediately flagged so someone can jump in and fix it right away.
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E-commerce is booming, and that means parcel delivery companies are turning to cool, smart technologies to keep customers happy. Think dependable and secure package services. E-commerce has exploded since 2015 – especially with the COVID-19 pandemic giving it an extra push. All that online shopping relies on the behind-the-scenes magic of logistics. Express delivery has become a part of our daily lives, thanks to the Internet and e-commerce working together. But here's another twistall those smart technologies we're seeing, like smart refrigerators keeping food fresh, are also boosting the smart parcel delivery locker market. As smart cities and smart infrastructure become more common, that's only going to fuel the growth of the smart refrigerator industry – which then helps those smart parcel lockers take off even more.
Space can really hold back the smart parcel delivery locker market, because you're limited by how many lockers you can cram into an area. Think about itindustry standards suggest using only 12-20% of your building's square footage for locker rooms. And you'll need around 10 to 20 square feet of floor space per user. If they're just using the lockers for the day, you'll need enough lockers for about 20% of them. But if they're permanent lockers, you'll want enough for 85-90% of your users! So, you've got to do your homework on your users before you start building. Plus, security is a big concern. It's not just physical threats; these lockers can be hacked, too. If someone can intercept the communication between the locker and the server, they could steal data or even take control of the whole system!
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.
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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When we look at how they're used, Office applications are the biggest part of the market, and experts think they'll keep growing by about 10.54% each year. Think about itso many office workers are burning the midnight oil, making it tough to grab packages at home. That means there's a real need for a safe spot at work where they can pick things up, without constantly checking to see if something's arrived. Before smart lockers, imagine the mailroom crew running all over the building, from office to office, trying to hand-deliver packages. And if a signature was needed? Even more back and forth! They'd often have to try multiple times just to get the right package to the right person. Instead of potentially spending hours on just one delivery, parcel lockers seriously cut down that 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)
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
ShipHero, Quadient, Snaile Lockers, BlueBox, and others.
SEGMENTS COVERED
Product, Application, and Geography.
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