Grocery Lockers in Retails Market Scope
The lockers are a true time saver for todays busy families and improve the retailer’s margins – a real win-win for all. Moreover, in today’s society where the request for contactless deliveries are growing, both because of convenience and out of necessity, solutions that gives easy, safe and convenient transition of goods without human interaction provides a competitive edge to any retailer. grocery lockers represent a promising innovation with the potential to reshape the retail industry. By providing a convenient, contactless, and efficient shopping experience, lockers can attract new customers, boost loyalty, and drive long-term success for retailers who embrace this evolving trend.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | StrongPoint (Norway), Shop & Stop (United States), Vlocker (Australia), DrLocker (Malaysia), Locker & Lock (Indonesia), Setroc (United States), American Locker (United States), Alpha Locker System (United States) and Hangzhou Dongcheng Electronics (China) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, and new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Grocery Lockers in Retails market throughout the predicted period.
StrongPoint (Norway), Shop & Stop (United States), Vlocker (Australia), DrLocker (Malaysia), Locker & Lock (Indonesia), Setroc (United States), American Locker (United States), Alpha Locker System (United States) and Hangzhou Dongcheng Electronics (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Smiota (United States), Penguin Lockers (Italy), Luxer One (United States), Shanghai Yishan Industrial (China) and Parcel Pending (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Grocery Lockers in Retails market by Type , by Application (Supermarket, Shopping Centers, Retail Shop and Others) and Region with country level break-up.
On the basis of geography, the market of Grocery Lockers in Retails has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2023, Whole Foods Market partners with a sustainability initiative to pilot compostable locker packaging, minimizing environmental impact alongside the convenience of locker pick-up.
In November 2023, Albertsons trials a new "click-and-chill" locker system designed specifically for frozen and chilled groceries, catering to the growing demand for convenient delivery of temperature-sensitive items.
Influencing Trend:
Smart Lockers Operated and Accessed through Smart Phones
Market Growth Drivers:
Rising Trend of Digitization and Increasing Theft across Retail Shop
Challenges:
Too many Player Competing with each other
Restraints:
High Cost of the Product
Opportunities:
Untapped Market of Emerging Economies
Key Target Audience
Grocery Lockers Manufacturers, Supplier & Distributor, Raw Material Supplier, New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Human Coagulation Factor, Venture Capitalists and Private Equity Firms and End-Use Industry