MARKET NEWS

Smart lockers Among Smart Home Sales Continue to Climb

Smart Lockers also known as lectronic Lockers, Seli-service Lockers, is applicable in the places of the large passage flow, such as supermarket. Smart Locker solutions incorporate state-of-the-art proprietary Internet of

Things (IoT) Smart locking devices that enable real-time monitoring and granular transactional, environmental and time-stamped data capture. Smart lockers can be considered portion of a smart home. Hardware systems include the base that holds the kiosk, the digital screen, the controls and the actual computer itself, along with the components.  The smart locker services include: Consumables management service; Asset control service; Retail fulfillment service; Parcel delivery locker service; Day locker service.

Smart lockers are used in retail stores, e-commerce, schools and businesses. Retailers can increase foot traffic in their stores that they would otherwise lose with online orders. Facing the bottleneck of the last mile, or even the last one hundred meters, brought about by the development of e-commerce express, various companies have entered the community terminal in different ways to grab the market. Smart lockers allow packages to be accessed 24/7, giving students the ability to collect their items when it is most convenient for them. Multiple lockers can be accessed at once, virtually eliminating wait time and long lines. Smart lockers show prospective students and their guardians that the University is invested in the well being and security of their student valuables. In corporate, the product keeps employees happy by giving them the option to have their online orders delivered securely to the office. Impress interviewees through smart lockers as an employee benefit. Smart lockers differentiate company from others in space and enhance company brand.

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Smart Locker Market Analysis

According to our research, the global Smart Lockers market has a total sales value of 514.18 M USD back in 2015, and increased to 761.08 M USD in 2020. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Smart Lockers markets can be 1201.10 M USD by 2025. The CAGR of Smart Lockers is 9.55% from 2020 to 2025.

North America was the largest revenue market with a market share of 34.51% in 2015 and 34.50% in 2020 with a decrease of 0.01%. Smart Lockers companies are mainly from North America; the industry concentrate rate is low. The top three companies are Apex Supply Chain Technologies, Hangzhou Dongcheng Electronic Co.,Ltd and Shenzhen ZHILAI with the revenue market share of 7.82%, 5.04% and 4.10% in 2019.

Europe ranked the second market with the market share of 26.33% in 2019. Also, the developing markets for Smart Lockers are expected to be the market with the most promising growth rate. Development of economy, increase downstream demand, technology innovation progress in emerging economies such as China and India have led to an increase in demand. The global Smart Lockers market is expected to witness a mild growth during the forecast period because of the growing demand. The other factor that is driving the growth of the Smart Lockers market is Increase in penetration of smartphones and connected devices.

 

Influence of COVID-19 Outbreak on Smart Lockers Industry Development

The impact of the epidemic on the smart lockers industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the Spring Festival holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated, resulting in a large-scale shutdown of production.

The road closure and country closure measures adopted by various regions have hindered the transportation of the components of smart lockers. Lockers\' component include fasteners, latches, brackets, locks, hinges, handles, etc. Affected by the COVID-19 epidemic, logistics will be

suspended and such components supply will be tight.

In addition, smart locker is widely used in workshops, factories, large public buildings, retail infrastructure, and other entertainment infrastructure. Due to the susceptible nature of COVID-19, going out, gatherings, etc. are high-risk events during this epidemic. Therefore, during the epidemic, many places issued work stoppages or house orders in the past few weeks. In addition to daily food purchases, access to other facilities has certain restrictions. The downstream demand market will be limited to a certain extent, which will also affect the demand for the smart lockers market.

However, in the next few months, everyone will still be worried about the confined space environment. Because of the isolation for so long, including the current imported cases are still appearing, people will definitely have lingering fears about contact with strangers. Some unnecessary contacts such as taking or delivering parcels face to face must be something people want to avoid as much as possible. This will have a certain positive impact on the development of the smart locker industry.

Smart lockers can be used for express delivery and logistics. The smart express cabinets deployed in various places are actually a form of "contactless delivery". Although the smart courier cabinets were not fully utilized during the epidemic, they actually made people\'s eyeballs through the epidemic. According to the latest statistics from the State Post Bureau, in recent years, more than 406,000 sets of smart express boxes have been built nationwide, and they have been put into use in major cities across the country. Among them, the express mail delivered through smart express boxes accounted for about 10% of the total number of express mail. This means that the total volume of express delivery in 2019 is 63 billion pieces, of which 6.3 billion pieces are delivered through smart express boxes, and its role cannot be underestimated. Therefore, it is foreseeable that through the further cultivation of the consumption habit of "contactless delivery" in this epidemic, smart locker may usher in a certain degree of turnaround.

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