Global Postal Automation Market (2021-2026) – Featuring Siemens, Toshiba, and NEC Corporation, among others – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “Postal automation market – Forecasts from 2021 to 2026” the report was added to ResearchAndMarkets.com offer.
The postal automation market is expected to grow at a CAGR of 6.10% during the forecast period to reach a market size of US $ 4.9 trillion in 2026.
Automation is growing in several sectors because it improves organizational efficiency while reducing the total cost of operations. The Postal Automation System is an intelligent system, which provides a solution for efficient sorting of parcels and routes mail from sender to recipient reliably and quickly. Postal automation systems consist of mail sorting systems, parcel sorting systems, postal software and automatic reading and coding systems. The main reason behind the need for automation in the postal system is to eliminate the shortcomings of traditional postal systems such as human errors, longer processing times and high manpower requirements. The automation of the postal industry allows faster and better categorization of letters and parcels, it also helps in the digitization of this process.
The main drivers of the postal automation market are rising labor costs, the need for proper control and accountability, and the growing e-commerce industry. The total number of packages and parcels is increasing due to the increase in online shopping by end users, which in turn increases the demand for efficient and reliable solutions to sort packages and deliver them to the recipient. on time, which creates a need for automation of the postal system. The automation of the postal system simplifies the entire mail processing chain from pre-sorting to sequencing, reducing fixed costs and helping to improve the quality of the service provided. In addition, it helps to increase the profitability, quality, competitiveness of the system and reduce labor costs as the process requires less labor. In addition, the increasing demand for industrial automation is further expected to fuel the growth of the postal automation systems market during the forecast period.
By component, postal automation services will develop due to the repairs and regular updates necessary for the proper functioning of the machines. In addition, the increasing training and supervision required to operate the machines will further stimulate the growth of postal automation services. The hardware component holds a substantial part in improving organizational efficiency and increasing the profitability of the company throughout the forecast period. By product type, the parcel sorter segment is expected to hold a significant market share due to the growing need to reduce the requirement for intensive manual labor. The growing demand in the online shopping industry is also expected to drive the market growth for this segment. By end user, government postal applications are expected to hold a significant market share due to the shift from conventional postal systems to automated systems during the forecast period.
Geographically, the Asia-Pacific region holds lucrative opportunities that can lead to substantial growth during the forecast period. The growing trend of e-commerce in developing countries like China, India, and South Korea, among others, will lead to increased demand for a more automated and streamlined process. The presence of some of the major market players facilitates the availability of products and services in emerging markets, thus increasing the demand for these machines. The regions of North America and Europe were the first to adopt postal automation equipment and are now moving towards upgrading their systems to provide better connectivity and meet growing needs, thus increasing the demand for postal automation solutions in the region.
Increase in transactions in the e-commerce sector
Reduced labor cost
Impact of COVID-19
The COVID-19 pandemic moderately influenced the postal automation market as the e-commerce and logistics industry was on the rise despite the virus outbreak. In addition, many companies have turned to automating their postal systems as restrictions on travel have been imposed, resulting in the cessation of all manual labor related to the job. This encouraged companies to turn to automated postal systems as they wanted to reduce their reliance on labor. Additionally, due to the pandemic, many companies adopted postal automation to reduce labor costs as business operations were hampered due to lockdown restrictions imposed by governments.
Beumer GmbH & Co. KG Group
National Presort (NPI) LP
Main topics covered:
2. Research methodology
3. Executive summary
4.1. Market factors
4.2. Market constraints
4.3. Porters Five Forces Analysis
4.4. Industry value chain analysis
5. Postal Automation Market Analysis, By Component
6. Postal Automation Market Analysis, By Product Type
7. Postal Automation Market Analysis, By End User
8. Postal Automation Market Analysis, By Geography
9. Competitive intelligence
9.1. Benchmarking and competitive analysis
9.2. Recent investment and transactions
9.3. Strategies of key players
10. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/3n5yoy