The Asia Pacific Intelligent Parcel Locker Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
Customers now have the option to pick up an item they've purchased in-store rather than having it transported to their home due to merchants adopting BOPIS or click and collect. Curbside pickup, where consumers can pick up their products outside the store or in the parking lot, is another emerging trend. Due to the removal of shipping costs and operating expenses related to shipping the orders, this lowers the cost of the service for both enterprises and customers.
Intelligent parcel locker systems for order storage and administration are increasingly being adopted because of the flexibility provided by the BOPIS shopping experience. Retailers are embracing the BOPIS solution, including Walmart, Home Depot, and others. Intelligent parcel locker systems for order storage and administration are increasingly being adopted because of the flexibility provided by the BOPIS shopping experience. Retailers are embracing the BOPIS solution, including Walmart, Home Depot, and others.
A multi-objective parcel locker locating problem was researched by Luo et al. The goals include increasing client access to parcel lockers while lowering setup and acquisition expenses. To address the issue, the authors suggested a multi-objective ILP. In thorough computational experiments, the authors showed that the considered objectives are incompatible with artificial and real-world problem instances based on data from Shenyang, China. To find the best sites for homogenous parcel lockers, Che et al. investigated a multi-objective parcel locker location issue.
The China market dominated the Asia Pacific Intelligent Parcel Locker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $115.4 million by 2028.The Japan market is estimated to grow a CAGR of 11.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 13.1% during (2022 - 2028).
Based on Application, the market is segmented into Indoor and Outdoor. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Residential and Non-residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Intelligent Parcel Locker Market is Projected to reach USD 1.5 Billion by 2028, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CKI Locker LLC (Cole Kepro International, LLC), Cleveron (Posti Group Corporation), Florence Corporation (Gibraltar Industries, Inc.), Hollman, Inc., KEBA Group AG, Luxer Corporation (Assa Abloy AB), Package Nexus, Parcel Port Solutions, Inc., Pitney Bowes, Inc., and Quadient.
By Application
By Component
By End User
By Country
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