Temperature Controlled Smart Locker Market
Temperature Controlled Smart Locker Market Forecasts to 2030 - Global Analysis By Type (Food Locker, Medication Locker, Skincare Locker, Electronics Locker and Other Types), Application (Retail Outlets, Pharmacies, Office Buildings, School Campuses and Other Applications) and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $641.59 MN |
|
Projected Year Value (2030) |
US $1195.64 MN |
|
CAGR (2023 - 2030) |
9.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Temperature Controlled Smart Locker Market is accounted for $641.59 million in 2023 and is expected to reach $1195.64 million by 2030 growing at a CAGR of 9.3% during the forecast period. The creative solution for protecting and preserving temperature-sensitive items is a temperature-controlled smart lock. With the use of cutting-edge technology, this smart locker maintains a precise temperature range for medical supplies, perishable items, and delicate electronic equipment. The locker's strong climate control system and sensor-equipped design protect the belongings inside from harsh weather conditions like high humidity and low temperatures.
According to the International Association of Temperature Controlled Logistics (IATCL), temperature-controlled smart lockers play a pivotal role in maintaining the integrity of sensitive goods during storage and transportation.
Market Dynamics:
Driver:
Increasing requirement for cold chain management
The need to transport and store perishable goods has led to an expansion of the cold chain logistics industry, which in turn has increased demand for temperature-controlled storage solutions. In the cold chain, smart lockers with sophisticated temperature control systems are essential for maintaining the integrity of goods like food, medicine, and vaccines. Additionally, in order to ensure the safe delivery of goods that are sensitive to temperature, these lockers are essential to maintaining the necessary temperature conditions throughout the supply chain.
Restraint:
Exorbitant starting costs and installation difficulties
The initial outlay for installing temperature-controlled smart lockers can be high. This covers the costs associated with acquiring and setting up the required sensors, temperature control systems, and technology. Furthermore, there may be difficulties with the installation procedure, particularly in older infrastructures where retrofitting can be expensive and complicated.
Opportunity:
Increasing use in healthcare applications
Temperature-controlled smart lockers have a lot of potential in the healthcare sector, especially for the distribution and storage of medical supplies, pharmaceuticals, and vaccines. Moreover, as the need for temperature-controlled and safe logistics in the healthcare industry increases, smart lockers can be extremely helpful in guaranteeing the prompt and safe delivery of vital medical supplies.
Threat:
Traditional logistics methods competition
The widespread adoption of temperature-controlled smart lockers is threatened by the inertia of current logistics systems and conventional delivery methods. Additionally, businesses might be reluctant to make investments in new technology, particularly if they believe the switch to smart lockers will be difficult or disruptive to their ongoing business processes.
Covid-19 Impact:
The market for smart lockers with temperature control has been significantly impacted by the COVID-19 pandemic. Even though people are more aware of contactless delivery options, the adoption of these lockers has been both accelerated and challenged by supply chain disruptions brought on by the pandemic, economic uncertainty, and changes in consumer behaviour. Furthermore, on the other hand, the rate of implementation and investment in temperature-controlled smart locker solutions has been impacted by financial limitations, logistical difficulties, and an overall cautious approach by businesses during the pandemic.
The Medication Locker segment is expected to be the largest during the forecast period
It is projected that the medication locker segment will command the largest market share. Medication lockers, which offer a safe and regulated environment for storing and dispensing medications, are essential in pharmaceutical and healthcare settings. To protect the integrity and safety of pharmaceutical products, these lockers have cutting-edge features like temperature control and access limits. Moreover, the need for smart medication lockers has increased due to the emphasis on patient-centered care and the necessity of effective medication management.
The Retail Outlets segment is expected to have the highest CAGR during the forecast period
With the highest CAGR, the retail outlets segment, which includes e-commerce fulfilment centers, has exhibited strong growth. The rise in online shopping has led to a greater need for effective last-mile delivery services, which has accelerated the use of smart lockers in retail environments. These lockers meet changing customer preferences by offering a contactless, secure, and convenient parcel pickup experience. Additionally, the significant growth potential of smart lockers in the retail outlet segment is largely due to the ongoing expansion of e-commerce activities and the focus on improving the overall customer experience.
Region with largest share:
With the largest share, North America has continuously held the top spot in the market. The region's dominance is attributed to its sophisticated technological infrastructure, broad adoption of e-commerce, and proactive use of smart technologies across industries. Furthermore, smart lockers are widely used in corporate settings, retail stores, e-commerce, and other industries in North America where there is a high demand for efficient, safe, and secure package delivery and storage solutions.
Region with highest CAGR:
Europe has also shown the market's highest CAGR. Smart locker solutions have grown significantly as a result of the region's strong logistics infrastructure, growing focus on smart city initiatives, and widespread adoption of cutting-edge technologies in industries like retail, healthcare, and education. Moreover, in Europe, smart locker adoption has been particularly widespread in Germany, the UK, and France.
Key players in the market
Some of the key players in Temperature Controlled Smart Locker market include Carrier Corporation, ByBox Holdings Ltd., Cleveron Ltd, VLocker Group, Parcel Pending, Cryoport Systems, Thermo King Corporation, Zhilai Tech Co., Ltd., Controlled Environments Construction, Inc and Luxer One.
Key Developments:
In December 2023, Carrier Global Corporation, global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its global commercial refrigeration business to its decades-long joint venture partner Haier for an enterprise value of $775 million, including approximately $200 million of net pension liabilities.
In August 2023, Cryoport, Inc., a leading global provider of innovative temperature-controlled supply chain solutions for the life sciences, reproductive medicine and animal health industries, today announced that it has signed a new three-year agreement with Boston IVF, a pioneer in reproductive healthcare and innovative research and one of the world's most experienced fertility treatment providers.
Types Covered:
• Food Locker
• Medication Locker
• Skincare Locker
• Electronics Locker
• Other Types
Applications Covered:
• Retail Outlets
• Pharmacies
• Office Buildings
• School Campuses
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Temperature Controlled Smart Locker Market, By Type
5.1 Introduction
5.2 Food Locker
5.3 Medication Locker
5.4 Skincare Locker
5.5 Electronics Locker
5.6 Other Types
6 Global Temperature Controlled Smart Locker Market, By Application
6.1 Introduction
6.2 Retail Outlets
6.3 Pharmacies
6.4 Office Buildings
6.5 School Campuses
6.6 Other Applications
7 Global Temperature Controlled Smart Locker Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Carrier Corporation
9.2 ByBox Holdings Ltd.
9.3 Cleveron Ltd
9.4 VLocker Group
9.5 Parcel Pending
9.6 Cryoport Systems
9.7 Thermo King Corporation
9.8 Zhilai Tech Co., Ltd.
9.9 Controlled Environments Construction, Inc
9.10 Luxer One
List of Tables
1 Global Temperature Controlled Smart Locker Market Outlook, By Region (2021-2030) ($MN)
2 Global Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
3 Global Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
4 Global Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
5 Global Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
6 Global Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
7 Global Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
9 Global Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
10 Global Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
11 Global Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
12 Global Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
13 Global Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
14 North America Temperature Controlled Smart Locker Market Outlook, By Country (2021-2030) ($MN)
15 North America Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
16 North America Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
17 North America Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
18 North America Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
19 North America Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
20 North America Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
21 North America Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
22 North America Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
23 North America Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
24 North America Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
25 North America Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
26 North America Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
27 Europe Temperature Controlled Smart Locker Market Outlook, By Country (2021-2030) ($MN)
28 Europe Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
29 Europe Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
30 Europe Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
31 Europe Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
32 Europe Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
33 Europe Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
34 Europe Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
35 Europe Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
36 Europe Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
37 Europe Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
38 Europe Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
39 Europe Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
40 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
42 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
43 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
44 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
45 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
46 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
47 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
48 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
49 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
50 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
51 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
52 Asia Pacific Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
53 South America Temperature Controlled Smart Locker Market Outlook, By Country (2021-2030) ($MN)
54 South America Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
55 South America Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
56 South America Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
57 South America Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
58 South America Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
59 South America Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
60 South America Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
61 South America Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
62 South America Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
63 South America Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
64 South America Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
65 South America Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
66 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Type (2021-2030) ($MN)
68 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Food Locker (2021-2030) ($MN)
69 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Medication Locker (2021-2030) ($MN)
70 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Skincare Locker (2021-2030) ($MN)
71 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Electronics Locker (2021-2030) ($MN)
72 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Other Types (2021-2030) ($MN)
73 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Application (2021-2030) ($MN)
74 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Retail Outlets (2021-2030) ($MN)
75 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Pharmacies (2021-2030) ($MN)
76 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Office Buildings (2021-2030) ($MN)
77 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By School Campuses (2021-2030) ($MN)
78 Middle East & Africa Temperature Controlled Smart Locker Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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