Postal Automation System Market worth 1,022.2 Million USD by 2023 with a growing CAGR of 6.30%


According to the new market research report "Postal Automation System Market by Component (Hardware, Software, and Services), Technology (Culler Facer Canceller, Letter Sorter, Flat Sorter, Parcel Sorter), Application (Government, and Courier, Express & Parcel), and Region - Global Forecast to 2023", the postal automation system market is expected to grow from USD 753.3 Million in 2018 to USD 1,022.2 Million by 2023, at a CAGR of 6.30% between 2018 and 2023. The factors driving the growth of the market include growth in the e-commerce industry, increasing need for automated sorting and delivery processes in the postal industry, and rising labor costs.

Hardware held the largest size of the postal automation system market in 2017

Hardware held the largest market size, in terms of value, in 2017. Hardware systems are used to sort letters, flats, and parcels based on their barcode reading, shape, size, and volume, and then to divert these parcels to their respective delivery destinations. Various types of systems including letter sorters, flat sorters, and parcel sorters are used in the postal industry. These sorting machines are essentially mechatronic in nature consisting of electrical, electronic, optical, and electromechanical components. Despite a decline in traditional mail volumes, the growth in the e-commerce segment continues to transform the postal business. Increase in parcel volumes is expected to boost the demand for hardware systems.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38824622

Governmental postal applications to hold the largest size of the market between 2018 and 2023

Currently, government postal applications hold a larger share of the postal automation system market, and a similar trend is likely to continue between 2018 and 2023. Government postal organizations mostly handle large volumes of letters, flats, and business mails. The rising demand for faster delivery is driving change in the postal sector, and technological innovations are enabling government postal operators to adopt automation technologies. However, rising parcel volumes had put government postal operators under pressure for faster delivery of parcels. Government postal operators are responding to rise in parcel volume by investing more in postal automation systems. Thus, the market for government postal applications is expected to grow at a considerable rate during the forecast period.

Parcel sorters held the largest size of the postal automation system market in 2017

Parcel sorters are used to sort parcels or cartons on the basis of their size, weight, and delivery locations. Various types of parcel sorters, such as linear parcel sorters and loop parcel sorters, are used in the postal industry. Growth in e-commerce has resulted in an increase in the volume of flats and packages, thereby boosting the demand for parcel sorters. Moreover, increased use of parcel shipping by traditional customers, along with the growth in internet retailing and new parcel shipping services, is boosting the demand for parcel sorters to automate and upgrade hub infrastructure.

North America to dominate the postal automation system market between 2018 and 2023

North America is expected to dominate the overall postal automation system market during the forecast period because of increased e-commerce and online retail sales in the region. The increasing need to renovate the existing postal automation systems in North America has resulted in the installation or capacity expansion of these systems, thereby contributing to the growth of the postal automation system market in this region. United States Postal Service (USPS), a government postal service provider in the US, has been investing in postal automation systems over the years. Moreover, courier, express, & parcel companies operating in the US have signed a number of contracts with suppliers for the installation of postal automation systems, which has resulted in the growth of the postal automation system market in North America.

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=38824622

The postal automation system market was dominated by key players such as Siemens (Germany), Toshiba (Japan), NEC (Japan), SOLYSTIC (France), Pitney Bowes (US), Vanderlande (Japan), Fives Group (France), Leonardo (Italy), Lockheed Martin (US), and Beumer Group (US).

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more