Grocery Lockers in Retails Market Size, Share, Growth, and Industry Analysis, By Type (Ambient Grocery Lockers, Chilled Grocery Lockers and Frozen Grocery Lockers), By Application (Supermarkets and Hypermarkets and Others) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

GROCERY LOCKERS IN RETAILS MARKET REPORT OVERVIEW

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The global grocery lockers in retails market size was USD 121.4 million in 2020 and will touch USD 157.5 million by 2027, exhibiting a CAGR of 4.0% during the forecast period.

Grocery Lockers introduced a paradigm shift in retail dynamics by offering secure, smart, and adaptable storage solutions tailored for grocery deliveries. These lockers cater to the hectic schedules of contemporary families while simultaneously bolstering retailers' profitability, establishing a mutually beneficial scenario. As society increasingly favours contactless delivery options driven by convenience and safety considerations, the implementation of grocery lockers emerges as a strategic advantage for retailers. This innovation facilitates seamless, safe, and efficient transfer of goods without necessitating human interaction, aligning seamlessly with evolving consumer preferences.

Designed for perishable and non-perishable items, grocery lockers serve as secure storage units for customers to collect orders conveniently. These lockers optimize last-mile delivery efficiency by bringing groceries closer to customers, reducing the need for physical store visits. Equipped with temperature control and insulation features, they ensure order freshness until retrieval. Grocery lockers represent a transformative leap in retail, streamlining delivery processes, mitigating logistical complexities, and meeting modern consumer demands. By providing a touch-free pickup alternative and enhancing online grocery shopping convenience, these lockers elevate the overall retail experience, fostering customer satisfaction and operational effectiveness for retailers.

COVID-19 Impact: Market was Propelled By A Growing Preference For Contactless Delivery Methods During The Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has significantly impacted the grocery sector, leading to a notable increase in the utilization of grocery lockers. With safety as a top priority and a growing preference for contactless delivery methods, there has been a surge in demand for these lockers, providing customers with a secure and convenient means to retrieve their orders while minimizing the risk of virus spread. This pandemic-induced trend has accelerated the transition towards contactless delivery and pickup alternatives, driving the expansion of the grocery locker market across supermarkets and retail outlets. Consequently, the pandemic has underscored the importance of safety and cleanliness, prompting the adoption of these touch-free delivery solutions within the grocery industry.

LATEST TRENDS

"Integration of Smartphone Apps With Grocery Lockers Streamlines Order Access Driving The Market"

Incorporating smartphone applications into the functionality of grocery lockers facilitates seamless order management and pickup for customers. This integration allows users to conveniently access their orders through their smartphones, streamlining the entire process. Customers can effortlessly track their purchases, receive notifications on order status, and manage pickup times directly from their devices. By leveraging smartphone technology, grocery lockers offer enhanced convenience and efficiency, catering to the modern consumer's preference for digital solutions. This innovation empowers users with greater control and flexibility over their shopping experience. They can interact with the lockers remotely and optimize their pickup process according to their schedule. Overall, the integration of smartphone applications with grocery lockers represents a significant advancement in customer convenience. It aligns with the evolving digital landscape of retail and fosters a more seamless shopping journey for consumers.

GROCERY LOCKERS IN RETAILS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Ambient Grocery Lockers, Chilled Grocery Lockers and Frozen Grocery Lockers.

Ambient Grocery Lockers: Designed for non-perishable items stored at room temperature, ambient grocery lockers offer a secure and convenient pick-up option for a variety of grocery products. Their popularity is rising in retail settings due to the increasing demand for contactless and efficient order retrieval methods, reflecting the growing preference for online grocery shopping.

Chilled Grocery Lockers: Equipped with refrigeration systems to maintain controlled temperatures, chilled grocery lockers store perishable items such as dairy, meat, and produce, ensuring freshness until customer collection. The surge in online grocery shopping and the desire for safe and convenient pick-up solutions has led to the widespread adoption of chilled lockers in retail environments.

Frozen Grocery Lockers: Engineered to store frozen food items at sub-zero temperatures, frozen grocery lockers preserve the quality and safety of products such as frozen meals, ice cream, and seafood. With the increasing demand for online grocery shopping, these lockers offer a reliable and contactless option for collecting frozen groceries, driving expansion in the retail grocery lockers market.

• By Application

Based on application the global market can be categorized into Supermarkets and Hypermarkets and Others.

Supermarkets and Hypermarkets: Grocery lockers find their largest application segment in supermarkets and hypermarkets within the retail industry. These establishments increasingly integrate lockers to offer customers a convenient and contactless means of collecting their groceries. The growth of this segment is fueled by the rising demand for contactless delivery options and the necessity for efficient, secure pick-up solutions in such large-scale retail settings.

Others: The "Others" segment encompasses various applications of grocery lockers across the retail industry, including convenience stores, speciality shops, and online grocery platforms. This segment is poised for significant growth in the foreseeable future, propelled by the surging popularity of online grocery shopping and the increasing demand for secure, convenient pick-up methods. The ongoing adoption of grocery lockers across diverse retail applications promises customers a seamless, contactless shopping experience.

DRIVING FACTORS

"Increasing Online Grocery Shopping To Boost The Market"

The surge in online grocery shopping has fueled the widespread acceptance of grocery lockers within retail settings, providing patrons with a convenient and effective method for collecting their purchases. This trend reflects the evolving preferences of consumers, who increasingly seek out digital solutions to streamline their shopping experiences. With the proliferation of e-commerce platforms and the expanding range of available products online, customers are embracing the convenience of ordering groceries from the comfort of their homes. Consequently, the integration of grocery lockers into retail environments serves as a strategic response to this growing demand, catering to the needs of modern shoppers who value efficiency and flexibility. By offering a secure and accessible location for order retrieval, these lockers enhance the overall online shopping experience, driving further adoption and expansion within the global grocery lockers in retails market growth. Overall, the increasing prominence of online grocery shopping underscores the significance of grocery lockers as a pivotal component of the contemporary retail landscape.

"Increasing Preference For Convenience To Expand The Market"

The rising inclination towards convenience has propelled the ascent of grocery lockers, as they offer customers the flexibility to retrieve their orders at their leisure, eliminating the need to endure queues or engage with store staff. This shift in consumer behaviour underscores a growing desire for hassle-free shopping experiences tailored to individual schedules. Grocery lockers present a solution that aligns with this preference, providing a self-service option that empowers customers to manage their pickups independently. By offering a seamless and efficient process, these lockers cater to the modern lifestyle demands of convenience and autonomy. Their increasing popularity reflects a broader trend in retail towards customer-centric solutions that prioritize convenience and efficiency. As a result, the widespread adoption of grocery lockers signifies their pivotal role in reshaping the retail landscape to meet evolving consumer expectations for hassle-free shopping experiences.

RESTRAINING FACTORS

"Surging Product Prices Can Put A Brake On Market Expansion"

The upward trend in product prices presents a significant barrier to the industry's expansion efforts. The rise in costs has had a notable impact on the attractiveness of grocery lockers within the supermarket domain in recent periods. As prices escalate, consumers and businesses alike face financial constraints, leading to reduced enthusiasm for investing in or utilizing grocery locker services. This decrease in demand is directly linked to the affordability and perceived value of such amenities. The mounting expenses associated with product procurement and maintenance create challenges for supermarket operators, potentially hindering their ability to offer competitive pricing and retain customers. Consequently, the rise in product costs not only diminishes the appeal of grocery lockers but also complicates the overall economic landscape for industry stakeholders. Adapting strategies to mitigate the effects of increasing costs becomes essential for sustaining market relevance and fostering continued growth in the face of financial pressures.

GROCERY LOCKERS IN RETAILS MARKET REGIONAL INSIGHTS

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"North America to lead the Market due to the Increased Demand For Smart Grocery Lockers In The Retail Sector"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America is poised to emerge as a dominant force in the global grocery lockers in retails market share. The region, having already made substantial contributions to the overall market share, is anticipated to maintain its leadership position in the regional market landscape. The projected growth trajectory in North America can be attributed to an increasing demand for intelligent grocery lockers within supermarket establishments. This heightened interest is driven by factors such as the convenience and efficiency offered by smart locker solutions, aligning with evolving consumer preferences for seamless shopping experiences. As a result, the market in the subcontinent is expected to witness significant expansion, propelled by a growing adoption of innovative technologies in the retail sector. North America's burgeoning leadership role underscores its pivotal contribution to shaping the future direction of the grocery locker market within supermarkets.

KEY INDUSTRY PLAYERS

"Key Industry Players Are Driving Innovation And Market Expansion With Their Comprehensive Solutions"

The key industry players are spearheading innovation and market growth within the market by providing extensive solutions tailored to various businesses, encompassing grocery outlets and educational institutions. The players are at the forefront of introducing groundbreaking advancements and expanding the market landscape for grocery lockers. Their comprehensive offerings cater to a diverse array of clients, addressing the unique needs and requirements of grocery stores and universities alike. By leveraging their expertise and resources, the major companies are driving forward the adoption of grocery lockers across different sectors, revolutionizing the way goods are stored and retrieved. Their commitment to delivering innovative solutions underscores their pivotal role in shaping the future of the grocery locker industry, paving the way for enhanced convenience and efficiency in retail operations. Through continuous innovation and strategic partnerships, these companies are poised to further propel the growth and evolution of the grocery locker sector in the years to come.

List of Market Players Profiled

• Bell and Howell (U.S.)
• Luxer One (U.S.)
• Parcel Pending (U.S.)
• Smiota (U.S.)
• Mobile Locker (U.S.)
• Engy (Russia)
• Avery Berkel (U.K.)
• Penguin Lockers (Italy)
• Parcel Hive (Spain)
• LockTec (Germany)
• StrongPoint (Norway)
• Cleveron (Estonia)
• Vlocker (Australia)
• Shenzhen Zhilai Si and Tech (China)
• Hangzhou Dongcheng Electronics (China)
• Shanghai Yishan Industrial (China)
• RUIY Tech (Taiwan)
• Locker & Lock (Singapore)

INDUSTRIAL DEVELOPMENT

August 2023: Englewood nonprofit Dion's Chicago Dream launches Dream Vault at Save A Lot, providing 175 households within a 1-mile radius with free fresh produce weekly. Recipients receive alerts for pickup through Wi-Fi-enabled lockers and can enroll in Dream Deliveries if capacity exceeds. The goal is to expand vaults to other stores, funded by retailers. Over three years, the nonprofit served 500,000 pounds of produce.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.