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A research report of Chinese shared locker industry in 2018
Posted: 11/20/2018 09:38:07  Hits: 39
For the sake of convenience, there will be certain demand for belongings storage. Under the impetus of this, some shared locker products have emerged since last year, with concept of the combination of the Internet and lockers, upgrading the functionality of the traditional lockers and solving their weak points by using apps like WeChat. As continuously developing, nowadays, shared lockers have gradually been equipped with functions that are not merely storage, but multiple services as well. 

This report will discuss and analyze the development trend of the shared locker industry in China based on the public data in the first half of 2018 and user survey.

In 2020, the locker market in China will reach ten billion yuan.
According to the data, since 2015, the domestic locker market has continued to grow steadily, with an average annual growth rate of 17%, and reached 6.61 billion yuan in 2017. It is expected that the size of the market will reach ten billion yuan in 2020.

After the launch of shared lockers, it is undoubtedly that the development space of the locker industry has been expanded. Moreover, the market size of the locker industry may be more than that as users are accustomed to this kind of product.

One is that compared with traditional lockers, shared lockers have superiority in offering convenience to users without the drawbacks of traditional ones. And the other is that shared lockers are 
more smarter, functional, and of a diversified platform that can charge phones, recharge cards, and present ads.

Supermarket is where has the strongest demand.
In the survey from users, the demand for shared lockers in the entrance of supermarket occupied the most, which reaches 60.1%. This is because the traditional supermarket lockers are cumbersome to operate, and users need to keep a ticket to take out, some of which even need a one-yuan coin. But with shared lockers, everything can be done via WeChat, what is more, some shared lockers even support fingerprint unlocking or equip with facial recognition function.

Users' concerns about shared lockers
In the survey of users' concerns about shared lockers, safety is what most people care (80.3%), 71.2% of users pay great attention to the size of the storage cabinet, which, in their words, decides the practicality and application. For example, lockers for cinema and supermarket don't actually need a large space whereas these in transportation hub, like railway station require a relatively large space. In 
the light of storage time, the current shared locker platform has enhanced the experience with more user-friendly settings.

According to analysts, the locker industry is a fragmented yet large market, with the tailwind of shared business and the trend of mobile payment, shared lockers will inevitably replace 
those hard-to-maintenance, inconvenient traditional lockers.

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