Smart Lock Market Size Growing at 18.7% CAGR Set to Reach USD 9.81 Billion By 2030

Global Smart Lock Market Size Was Valued at USD 2.10 Billion In 2022 And Is Projected to Reach USD 9.81 Billion By 2030, Growing at A CAGR of 18.7% From 2022 To 2030.

The smart parcel locker market has been growing rapidly due to the increasing demand for efficient and secure delivery solutions in the e-commerce and logistics industries. These lockers provide a convenient way for consumers to receive packages, enabling 24/7 access and reducing the hassle of missed deliveries or theft.

It functions as a connected smart home device, equipped with Bluetooth or Wi-Fi capabilities, enabling users to secure and unlock doors either through a fingerprint scan or via voice commands. Operating wirelessly, this smart door lock relies on cryptographic authentication to ensure access is granted exclusively to authorized individuals.

 Major Key Players for Smart Parcel Locker Market:

Smartbox Ecommerce Solutions Pvt. Ltd. (India),TZ Limited (Australia),CleverBox Co. (U.K.),Quadient (France),Abell International Pte. Ltd. (Singapore),Cleveron (Estonia),Package Nexus (U.S.),DeBourgh Manufacturing Co. (U.S.),Mobiikey Technologies Pvt. Ltd. (India),KEBA AG (Austria) and others major players.

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Introspective Market Research provide comprehensive market research studies, delivering valuable insights and strategic guidance to businesses worldwide. Our operations are driven by accurate analysis and extensive coverage of all the areas to offer reliable reports.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

Smart Parcel Locker Market Segmentation:

By Type          

•          Modular Parcel Locker
•          Cooling Lockers for Fresh Food
•          Postal Lockers
•          Laundry Lockers

By Application          

•          Retail BOPIS
•          Banks
•          Apartments
•          Offices
•          Pharmacy
•          Others

 Geographic Segment Covered in the Report

•          North America (U.S., Canada, Mexico)
•          Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•          Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•          Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•          Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•          South America (Brazil, Argentina, Rest of SA)

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Key Offerings:

•          Market Size & Forecast by Revenue 2023-2030
•          Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
•          Market Segmentation – A detailed analysis By Product Type, End-Users, Form, and Region
•          Competitive Landscape – Top Key Vendors and Other Prominent Vendors

COVID-19 Impact on Smart Parcel Locker Market

The COVID-19 pandemic has led people in many global economies to significantly restrict their physical interactions. Self-inflicted social distancing to avoid contagion, together with the stringent confinement measures executed in many economies, have put a large share of traditional brick-and-mortar retail virtually on hold, at least temporarily. In the United States, retail and food services sales between February and April 2020 were declined by 7.7% compared to the same period in 2019. Nevertheless, sales increased for grocery stores and non-store retailers (mostly e-commerce suppliers), by 16% and 14.8% respectively. The retail sales via mail order houses or the Internet in April 2020 raised by 30% compared to April 2019, while total retail sales declined by 17.9%.

Report includes Competitor's Landscape:

•          Major trends and growth projections by region and country
•          Key winning strategies followed by the competitors
•          Who are the key competitors in this industry?
•          What shall be the potential of this industry over the forecast tenure?
•          What are the factors propelling the demand for the Action Figures And Statues?
•          What are the opportunities that shall aid in significant proliferation of the market growth?
•          What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
•          How has the covid-19 impacted the growth of the market?
•          Has the supply chain disruption caused changes in the entire value chain?

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