Global Food Lockers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Food Lockers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Food lockers are a typical locker unit with cubicles that to hold food inside of them for pick-up. Throughout the pick-up locker system, each cubicle is insulated and has its own customizable temperature control.

Market Overview:

The latest research study on the global Food Lockers market finds that the global Food Lockers market reached a value of USD 209.5 million in 2022. It’s expected that the market will achieve USD 265.85 million by 2028, exhibiting a CAGR of 4.05% during the forecast period.

Influence of COVID-19 Outbreak on Food Lockers Industry Development

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Food Lockers industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Consumers pay more and more attention to convenience.

As life becomes faster and faster, food lockers help consumers by emphasizing convenience more than in previous years. Although self-service lockers have existed for decades, their popularity has increased since they became popular. In fact, the National Retail Federation (NRF) reports that 83% of consumers value convenience more than in the past five years, and 93% of consumers will consider convenience when choosing a retailer.

The benefits of food lockers range from convenience for consumers to safety, providing a solution for crowded pick-up lines and face-to-face ordering. Customers prefer a fast and convenient ordering process, which is suitable for their busy lifestyle, while food lockers are an ideal way to pick up goods.

Fluctuation of raw material prices

The main raw materials of Food Lockers include metal and plastic, etc. The cost of raw materials accounts for a large proportion of the total cost. The fluctuation of raw material price will directly affect the cost of raw materials. The price of raw materials rises, and the cost of enterprises increases. The price of raw materials decreases, and the cost of enterprises decreases. Due to the fluctuation of market supply and demand and the promotion of capital market, the prices of different raw materials show different trends. Generally speaking, this will be a fluctuating state.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Food Lockers industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (37.34% in 2022).

Company Overview:

DC Locker is one of the major players operating in the Food Lockers market, holding a share of 18.56% in 2023.

DC Locker

DC locker specializes in the manufacturing of smart lockers for the parcel management industry. With 20 years of experience and over 500 employees, DC locker aim to provide distribution partners with the exact equipment specification to fit their parcel management solution needs. Its distribution partners serve multi-family homes, commercial buildings, schools, and the retail space.

Apex

Apex Order Pickup Solutions, a provider of self-serve automated pickup solutions for use in foodservice, retail, and B2B ecommerce, and Welbilt, Inc., a leading global provider of commercial foodservice equipment.

Segmentation Overview:

Among different product types, Refrigerated Lockers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Food Lockers market covered in Chapter 3:

DC Locker
CONTEG
ZipcodeXpress
Locker & Lock
Panasonic
EPTA
Oscartielle
Penguin Lockers
LockTec
Smiota
Parcel Pending
Apex

In Chapter 4 and Chapter 14.2, on the basis of types, the Food Lockers market from 2018 to 2029 is primarily split into:

Refrigerated Lockers
Heated Lockers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Food Lockers market from 2018 to 2029 covers:

Residential
Office Buildings
Campuses
Traditional Food Retailers
Dark Stores
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)