Grocery Locker in Supermarket Market Size, Share, Growth, Forecast 2030

Grocery Locker in Supermarket Industry Prospective:

The global grocery locker in supermarket market size was evaluated at $129.86 million in 2022 and is slated to hit $197.46 million by the end of 2030 with a CAGR of nearly 5.45% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The grocery locker in supermarket industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the grocery locker in supermarket market report explores the investor and stakeholder space to help companies make data-driven decisions.

Grocery Locker in Supermarket Market: Overview

A grocery locker system is a network of temperature-controlled lockers connected to a centralized management system. These lockers are used for storing and providing groceries and meals. Moreover, the centralized management system helps in tracking & managing these lockers. Reportedly, the grocery locker is used in a giant retail market also referred to as a supermarket. Furthermore, when orders are provided to the grocery locker, the access code message is delivered to the authorized person who is also referred to as a recipient. Additionally, the recipient makes use of the code and gets groceries or meals from supermarket stores at his/her convenience.

Key Insights

• As per the analysis shared by our research analyst, the global grocery locker in supermarket market is projected to expand annually at the annual growth rate of around 5.45% over the forecast timespan (2023-2030)
• In terms of revenue, the global grocery locker in supermarket market size was evaluated at nearly $129.86 million in 2022 and is expected to reach $197.46 million by 2030.
• The global grocery locker in supermarket market is anticipated to record massive growth over the forecast period owing to a slew of benefits provided by grocery lockers to both individual customers and various other businesses.
• In terms of product type, the frozen grocery locker segment is slated to register the fastest CAGR over the anticipated period.
• On the basis of end-user, the hypermarket segment is slated to dominate the global industry share over the forecast timespan.
• Region-wise, the Asia-Pacific grocery locker in supermarket industry is projected to register the highest CAGR during the assessment timeline.

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Grocery Locker in Supermarket Market: Growth Factors

Escalating demand for enhancing the brand image of retail stores will prop up the global market growth  

Benefits such as digital convenience, extended capacity, and solidity are a few of the beneficial features of grocery lockers that will drive the penetration of grocery lockers in supermarket stores globally in the coming years. Apart from this, grocery locker provides a slew of benefits to both individual customers and various other businesses, thereby paving the way for the expansion of the global grocery locker in supermarket market. Additionally, supermarket retail stores can automate the order pickup processes by using grocery lockers, thereby increasing the scope of demand for grocery lockers in supermarket stores. Moreover, these lockers notably reduce labor costs and hence contribute significantly towards the expansion of the global market.

Furthermore, escalating need for improving brand awareness and Omni channel communications with the end-users will steer the application of grocery lockers in supermarkets. The massive demand for the product in supermarket retail stores will increase the reputation of these stores in the global business space. In addition to this, the launching of new products will contribute majorly towards global market expansion in the near future. For instance, in March 2022, Cleveron, an Estonia-based firm manufacturing robotics-based parcel terminals & generating click-and-collect solutions for retail & logistics sectors, introduced a modular grocery locker referred to as Cleveron 503 that finds large-scale applications in grocery stores. Reportedly, the new product is used for both indoor and outdoor applications, thereby helping retail stores improve grocery pickup faster, and provide convenience to users while reducing delivery costs. The move has extended the product line of the firm and contributed lucratively towards the global market revenue.

Grocery Locker in Supermarket Market: Restraints

Surging product prices can put brakes on the global industry expansion over the coming years

Rise in the product costs has curtailed the demand for grocery locker in supermarket industry in recent years. Apart from this, disruptions in supply chain activities resulting in the lack of supply of raw components for producing the grocery locker can lead to an imbalance in the demand-supply equilibrium, thereby posing a big threat to the growth of the global industry in the upcoming years.

Grocery Locker in Supermarket Market: Opportunities

The need for uninterrupted delivery of food items will create new facets of growth for the global market

Grocery locker offers end-users hassle-free service and end-users can place orders for food products from their households and pick up groceries from the supermarkets at their convenience. This aspect will offer new avenues of growth for the grocery locker in supermarket market across the globe over the years ahead.

Grocery Locker in Supermarket Market: Challenges

Strict legislations regulating the use of grocery lockers in retail shops can prove to be a topmost challenge for the global industry

Strict laws governing the use of grocery locker in supermarket industry is likely to pose a huge challenge for the global industry. In addition to this, fluctuating prices of the product can prove to be detrimental to the growth path of the industry across the globe.

Grocery Locker in Supermarket Market: Segmentation

The global grocery locker in supermarket market is sectored into product type, end-user, and region.

In product type terms, the global grocery locker in supermarket market is segregated into ambient grocery locker, frozen grocery locker, and chilled grocery locker segments. In addition to this, the frozen grocery locker segment, which gathered nearly 60% of the global market revenue in 2022, is anticipated to record a significant growth rate over the forecast timeframe. The growth of the segment in the ensuing years can be credited to numerous benefits offered by the product such as a rise in convenience for consumers, a reduction in the delivery period, and ensuring food safety. Apart from this, it helps supermarket store owners in expanding their product delivery activities without any requirement for additional employees.

Based on the end-user, the global grocery locker in supermarket industry is divided into hypermarket and small supermarket segments. Furthermore, the hypermarket segment, which accounted for more than 40% of the global industry share in 2022, is set to contribute majorly towards the global industry revenue over 2023-2030. The segmental expansion in the coming eight years can be ascribed to the large-scale use of grocery lockers in hypermarkets for preserving perishable food items.  

Grocery Locker in Supermarket Market: Report Scope

Grocery Locker in Supermarket Market: Regional Insights

North America to be a global leader in the grocery locker in supermarket over the forecast timeline

North America, which contributed more than 49% of the global grocery locker in supermarket market share in 2022, is expected to lead the regional market space in the coming years. The market growth in the sub-continent over the prognosis timeline can be due to a rise in the demand for smart grocery lockers in supermarket stores in countries such as Canada and the U.S. Apart from this, the presence of key manufacturers in the sub-continent can contribute lucratively towards the regional market proceeds.

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Furthermore, the grocery locker in supermarket industry in Asia-Pacific is expected to register the highest CAGR in the assessment timeframe. The major growth factors of the industry in the region include a massive demand for refrigerated delivery lockers in Japan with an increase in the sale of fresh foods & perishable food items. Apart from this, a rise in the demand for smart grocery lockers in China will further scale up the demand for grocery lockers in the region, thereby augmenting the regional industry size.

Grocery Locker in Supermarket Market: Competitive Space

The global grocery locker in supermarket market profiles key players such as:

• BH QuickCollect™ GL
• Cleveron
• Locker and Lock
• Mobile Locker
• Shenzhen Zhilai Si and Tech
• Shanghai Yishan Industrial
• Retail Robotics
• Penguin Locker
• Kider India Pvt. Ltd.
• Hangzhou Dongcheng Electronics
• Engy
• Smiota
• Vlocker
• Parcel Hive
• Albertsons Companies
• Avery Berkel
• Parcel Pending
• StrongPoint
• Bell and Howell
• LockTec
• RUIY Tech
• Luxer One

The global grocery locker in supermarket market is segmented as follows:

By Product Type              

• Ambient Grocery Locker
• Frozen Grocery Locker
•  Chilled Grocery Locker

By End-User

• Hypermarket
• Small Supermarket
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa