Market Research Future (MRFR) has published a cooked research report on the “Global Postal Automation System Market”.
MRFR recognizes the following companies as the key players in the global Postal Automation System Market Toshiba Corporation (Japan), Mitsubishi Logistics (Japan), Escher Group (U.S.), NEC Corporation (Japan), Accenture PLC (Ireland), Siemens AG (Germany), Fujitsu (Tokyo), Vanderlande (Netherlands), Falcon Autotech (India), and Solystic SAS (France).
Postal Automation System Market Highlights
The global Postal Automation System Market is accounted to register a CAGR of 6.01% during the forecast period and is estimated to reach USD 1.276 billion by 2032.
The postal automation system market refers to the industry that focuses on developing and implementing technologies and solutions to automate various processes within the postal and courier services. This market has been growing due to the increasing demand for efficient and accurate mail processing, sorting, and delivery, driven by the rise of e-commerce and online shopping.
Segment Analysis
The global Postal Automation System Market has been segmented based on Components, Technology, and Applications
Based on components, the Postal Automation System Market segmentation includes hardware, software and services. The hardware segment dominated the market. Any end-user industry's automation is a network of linked hardware parts and informational systems. As a result, the postal and parcel industry's need for automation is growing, which in turn, is increasing the need for a hardware component. A major factor expected to drive the market is the rise in new system installations as part of capacity expansion and upgrades in the existing system as part of automation in the postal sector.
Based on technology, the Postal Automation System Market segmentation includes delivery barcode sorter and facer canceller system. The delivery barcode sorter segment generated the most income. Sortation is the process that recognizes the items on conveyer systems and directs them to the desired location using various software-controlled devices. The parcel sorting solutions deliver precise results and, by enhancing traceability, reduce the number of requests for missing packages.
The Postal Automation System Market segmentation is based on application includes, including public and government posts. The government posts segment generated the most income. To meet the growing customer demand, the government postal services put their attention on network enhancement, the addition of new machinery, and operational improvements. For instance, in February 2022, the United States Postal Service (USPS) announced the rollout of USPS Connect, a collection of delivery solutions designed to meet high consumer demand while offering quick regional, local, and national deliveries that are affordable and returnable.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Postal Automation System Market Research Report
Regional Analysis
The global Postal Automation System Market, based on region, has been divided into North America, Europe, Asia-Pacific and the Rest of the World. The North American postal automation system market area will dominate this market, The market growth in the region is being driven by important factors like the presence of significant postal and CEP companies in the area. Additionally, installation or capacity expansion of these systems due to renovation and upgrade of already-existing postal automation systems in North America has led to market expansion in the region.
Furthermore, the region's rapid expansion of e-commerce has increased the demand for automated solutions in the postal and parcel sector. In the first quarter of 2019, for instance, the US Department of Commerce reports that the proportion of e-commerce in overall U. S. retail sales increased from 9.8 percent in the first quarter of 2018 to 10.7 percent. In the United States, retail e-commerce sales were close to USD 146.2 billion as of that quarter.
Europe’s postal automation system market accounts for the second-largest market share. The market is expanding due to companies adopting automation due to rising labor costs and labor shortages. Government, BFSI, and other sectors increasingly need postal automation services, boosting the market's expansion in the area. Further, the German postal automation system market held the largest market share, and the UK postal automation system market was the fastest-growing market in the European region.
The Asia-Pacific Postal Automation System Market is expected to grow at the fastest CAGR from 2024 to 2032. A technologically advanced e-commerce logistics sector is now necessary due to the rapid growth of the e-commerce sector in nations like Japan, China, and India. Additionally, there are many opportunities for postal automation systems to grow in the Asia Pacific region due to rising BFSI sector demand. Moreover, China’s postal automation system market held the largest market share, and the Indian postal automation system market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Postal Automation System Market is expected to reach USD 1.276 billion by 2032, at a CAGR of 6.01% during the forecast period.
- The Asia-Pacific Postal Automation System Market is expected to grow at the fastest CAGR from 2024 to 2032. A technologically advanced e-commerce logistics sector is now necessary due to the rapid growth of the e-commerce sector in nations like Japan, China, and India.
- Based on components, the Postal Automation System Market segmentation includes hardware, software and services. The hardware segment dominated the market. Any end-user industry's automation is a network of linked hardware parts and informational systems.
- Toshiba Corporation (Japan), Mitsubishi Logistics (Japan), Escher Group (U.S.), NEC Corporation (Japan), Accenture PLC (Ireland), Siemens AG (Germany), Fujitsu (Tokyo), Vanderlande (Netherlands), Falcon Autotech (India), Solystic SAS (France)
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Base Year | 2022 |
Companies Covered | 15 |
Pages | 100 |
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